{"id":3584,"date":"2024-01-16T08:52:53","date_gmt":"2024-01-16T08:52:53","guid":{"rendered":"https:\/\/useme.com\/en\/blog\/?p=3584"},"modified":"2024-02-05T15:48:39","modified_gmt":"2024-02-05T15:48:39","slug":"wise-vs-paypal-international-transfers-freelancers","status":"publish","type":"post","link":"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/","title":{"rendered":"Wise vs. PayPal \u2013 international transfers for freelancers"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#Wise_vs_PayPal_for_receiving_money_%E2%80%93_how_do_they_work\" >Wise vs. PayPal for receiving money \u2013 how do they work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#How_much_will_you_pay_%E2%80%93_international_transaction_fees\" >How much will you pay \u2013 international transaction fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#PayPal_and_Wise_as_payment_options_in_Useme\" >PayPal and Wise as payment options in Useme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#Exchange_rates\" >Exchange rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#Locations_and_currencies\" >Locations and currencies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#Compare_Wise_and_PayPal_%E2%80%93_transfer_time\" >Compare Wise and PayPal \u2013 transfer time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#Payment_options_%E2%80%93_Wise_vs_PayPal_for_sending_money\" >Payment options \u2013 Wise vs. PayPal for sending money<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#Accessibility_and_customer_service\" >Accessibility and customer service<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#Security_in_PayPal_and_Wise\" >Security in PayPal and Wise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/useme.com\/en\/blog\/wise-vs-paypal-international-transfers-freelancers\/#Wrap-up_Wise_vs_PayPal_for_international_money_transfers\" >Wrap-up: Wise vs PayPal for international money transfers<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Wise_vs_PayPal_for_receiving_money_%E2%80%93_how_do_they_work\"><\/span><span style=\"font-weight: 400;\">Wise vs. PayPal for receiving money \u2013 how do they work?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">By using one of the platforms in question, you can expand your service across the globe \u2013 they both facilitate secure international transfers. Therefore, they\u2019re widely used by freelancers and their clients. <\/span><b>PayPal and Wise are usually cheaper than traditional bank transfers with high exchange rates<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wise works like a <strong>regular bank account<\/strong> and lets you do the same operations. Everyone who owns a Wise account can send payments to the recipient\u2019s bank account directly. You can get account details in 10 different currencies. PayPal, however, provides you with an <strong>e-wallet<\/strong>. You don\u2019t have a separate bank account but a PayPal account. It\u2019s a popular and convenient way to shop online. A lot of online stores accept PayPal payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To receive money on Wise, you need to set up a free account and share details with your clients \u2013 they don\u2019t need to have Wise themselves. You can use your Wise account for daily payments and operations \u2013 simply for everything.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With PayPal, it works differently. Both parties need to have a PayPal account to process the payment smoothly. Then, when freelancers receive the money through PayPal, they can send it to their bank account or use it for online payments. It\u2019s possible to send money from PayPal directly to bank accounts using <\/span><a href=\"https:\/\/www.xoom.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Xoom<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 a service owned by PayPal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s look at each international money transfer service from various angles to compare Wise and PayPal. Although both platforms offer business and personal accounts, our main focus will be the personal one.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3586\" src=\"https:\/\/useme.com\/en\/blog\/wp-content\/uploads\/2024\/01\/wise-vs-paypal-international-transfers-for-freelancers-1.png\" alt=\"Wise vs Paypal comparison - Useme Blog\" width=\"700\" height=\"366\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_much_will_you_pay_%E2%80%93_international_transaction_fees\"><\/span><span style=\"font-weight: 400;\">How much will you pay \u2013 international transaction fees<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>In Wise and PayPal, there\u2019s no setup or monthly fees <\/b><span style=\"font-weight: 400;\">\u2013 the personal account is free. Both money transfer services charge currency conversion fees, which depend on different factors.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Wise fees<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You can open a personal account with details in 10 currencies: AUD, CAD, EUR, GBP, HUF, NZD, RON, SGD, TRY, and USD. Receiving money in these 10 currencies doesn\u2019t include any fee from the recipient (for USD, only non-wire transfers are free to receive). It works as a regular bank transfer.<\/span><\/p>\n<p><b>To send money abroad from a Wise account, the sender has to pay a relatively small currency conversion fee depending on the currencies \u2013 it starts from 0.4%<\/b><span style=\"font-weight: 400;\">. You can check the overall cost of converting and sending money in the <\/span><a href=\"https:\/\/wise.com\/gb\/pricing\/send-money?sourceAmount=1000&amp;sourceCcy=GBP&amp;targetCcy=EUR&amp;tab=0\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Wise calculator<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 choose the location in the top-right corner.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another fee stems from the transfer time. For some currencies, users choose between low-cost transfer from a bank account (the cheapest), easy transfer through online payment, and fast transfer from a credit or debit card (the most pricey and the fastest).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wise offers a debit card for a one-time fee of 7 EUR with limited free withdrawals and withdrawal amount. You can check the details of your preferred currency on their <\/span><a href=\"https:\/\/wise.com\/gb\/pricing\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">pricing page.<\/span><\/a><span style=\"font-weight: 400;\"> When you exceed this amount or the number of free withdrawals, a percentage fee will apply.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As we mentioned, <\/span><b>Wise deducts a small percentage from every conversion on your account<\/b><span style=\"font-weight: 400;\">. The fee depends on the currency. To receive the exact cost of exchange, check their <\/span><a href=\"https:\/\/wise.com\/gb\/pricing\/hold-fees?sourceAmount=1000&amp;sourceCcy=GBP&amp;targetCcy=EUR\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">latest fees for converting money<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">PayPal fees<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To send and receive money through PayPal, both parties must have active PayPal accounts or use a third party authorized by the service. <\/span><b>Sending international personal transactions requires the user to pay a fee <\/b><span style=\"font-weight: 400;\">based on the transaction amount and the country to which we\u2019re sending the money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To learn more about fees charged by PayPal, visit their <\/span><a href=\"https:\/\/www.paypal.com\/uk\/webapps\/mpp\/paypal-fees\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">website<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 to change the region, scroll to the bottom of the page, click on the flag and select the region, scroll down the page again, and click on <\/span><i><span style=\"font-weight: 400;\">Fees<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PayPal_and_Wise_as_payment_options_in_Useme\"><\/span><span style=\"font-weight: 400;\">PayPal and Wise as payment options in Useme<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As a freelancer registered in Useme, you can settle deals with clients from all around the world. To do so, you need to choose a preferred payment option for each currency. Wise and PayPal are available for freelancers who make deals with international clients through Useme.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How do you receive the payment from your client through Useme? <\/span><b>We send you the gross amount that\u2019s stated on the invoice. We don\u2019t deduct any taxes, and you don\u2019t need to pay additional fees for using PayPal or Wise.<\/b><span style=\"font-weight: 400;\"> What you do need to pay later on is the cost of the exchange if you want to convert the currency of your pay or the cost of sending money to a bank account \u2013 but that\u2019s up to you.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exchange_rates\"><\/span><span style=\"font-weight: 400;\">Exchange rates<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Many freelancers question joining the global talent pool due to unfair currency rates offered by banks. Services like Wise and PayPal solve the problem since their competitive exchange rates are usually smaller than your local banks\u2019. Here\u2019s how each platform handles currency exchange.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Wise<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Wise boasts their <\/span><b>transparent fees and favorable exchange rates<\/b><span style=\"font-weight: 400;\">. And they have every right to do so \u2013 there are no hidden fees and markups to currency conversion. They use tiny conversion fees and a fair mid-market exchange rate, which is the rate you see when you check currencies on Google. You can use their <\/span><a href=\"https:\/\/wise.com\/gb\/currency-converter\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">currency converter<\/span><\/a><span style=\"font-weight: 400;\"> and compare the result with other providers.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">PayPal<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To check how much exactly it will cost you to exchange money, you can use <\/span><a href=\"https:\/\/www.paypal.com\/us\/cshelp\/article\/where-can-i-find-paypals-currency-calculator-and-exchange-rates-help109\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PayPal\u2019s currency calculator<\/span><\/a><span style=\"font-weight: 400;\">, which is available only through your PayPal account. They claim that their currency conversion fees remain competitive with those used by banks. However, they add a percentage fee to the mid-market rate.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Locations_and_currencies\"><\/span><span style=\"font-weight: 400;\">Locations and currencies<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Both services are available in multiple countries and currencies.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Wise international payments<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It\u2019s offered in more than 160 countries and supports 40 currencies. You can find a <\/span><a href=\"https:\/\/wise.com\/help\/articles\/2978049\/which-countries-can-i-use-wise-in\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">list of countries<\/span><\/a><span style=\"font-weight: 400;\"> where Wise doesn\u2019t provide service. Mind that the list of 160+ countries where Wise is available isn\u2019t the same as the list of countries you can send the money to with Wise. Find the latter <\/span><a href=\"https:\/\/wise.com\/help\/articles\/2571942\/what-countriesregions-can-i-send-to\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">PayPal international payments<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">PayPal is accessible in more than 200 countries\/regions and supports 25 currencies. Check the <\/span><a href=\"https:\/\/www.paypal.com\/us\/webapps\/mpp\/country-worldwide\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">countries<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/developer.paypal.com\/docs\/reports\/reference\/paypal-supported-currencies\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">currencies<\/span><\/a><span style=\"font-weight: 400;\"> covered by PayPal.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Compare_Wise_and_PayPal_%E2%80%93_transfer_time\"><\/span><span style=\"font-weight: 400;\">Compare Wise and PayPal \u2013 transfer time<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Wise vs. PayPal for receiving money \u2013 which is better in terms of speed? Let\u2019s see.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Wise<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When you set up a transfer, you\u2019ll see how long it will take. It depends on four things: the countries you\u2019re sending the money from and to, the payment method, the hour of the transfer, and extra security checks. In some cases (e.g., European currencies, GBP),<\/span><b> you can choose between Fast, Easy, and Low cost transfers <\/b><span style=\"font-weight: 400;\">\u2013 each takes a different time.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">PayPal<\/span><\/h3>\n<p><b>PayPal transfers between two PayPal users are processed instantly<\/b><span style=\"font-weight: 400;\">. If later on you want to transfer money to your bank account, you will have to wait longer or pay a fee for a faster withdrawal. PayPal claims that the timeframe for transferring money depends on the selected transfer type (Instant Transfer \u2013 max. 30 minutes or Standard transfer \u2013 usually 3-5 business days or 48 hours to your eligible card)<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Payment_options_%E2%80%93_Wise_vs_PayPal_for_sending_money\"><\/span><span style=\"font-weight: 400;\">Payment options \u2013 Wise vs. PayPal for sending money<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Both transfer services offer convenient payment options.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Wise<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Each payment option has a different fee and transfer time. <\/span><b>Bank transfers directly to the recipient\u2019s account are the most popular and usually the cheapest<\/b><span style=\"font-weight: 400;\">, but they\u2019re slower than debit or credit card payments. You can also send money internationally with Google Pay and Apple Pay. Under certain conditions, paying by <\/span><a href=\"https:\/\/wise.com\/help\/articles\/2742504\/paying-by-poli\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">POLi<\/span><\/a><span style=\"font-weight: 400;\"> and your <\/span><a href=\"https:\/\/wise.com\/help\/articles\/2932710\/paying-with-your-connected-bank-account-ach-in-the-us\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">connected bank account (ACH)<\/span><\/a><span style=\"font-weight: 400;\"> is also possible.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">PayPal<\/span><\/h3>\n<p><b>Like Wise, PayPal enables users to do bank transfers and to pay by credit and debit cards<\/b><span style=\"font-weight: 400;\">. Two PayPal users can send money to each other using PayPal balance.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Accessibility_and_customer_service\"><\/span><span style=\"font-weight: 400;\">Accessibility and customer service<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Both platforms have websites in multiple languages and provide iOS and Android apps. The apps receive good reviews, scoring above 4 in both Google Play and App Store.<\/span><\/p>\n<p><a href=\"https:\/\/www.paypal.com\/uk\/cshelp\/personal\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PayPal<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/wise.com\/help\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Wise<\/span><\/a><span style=\"font-weight: 400;\"> have elaborate Help Centre with detailed answers to the most common questions. Let\u2019s further compare Wise and PayPal in terms of customer service:<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Wise<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Apart from using their Help Centre, you can reach Wise by phone and email. To send a message, you first need to <\/span><a href=\"https:\/\/wise.com\/login?redirectUrl=%2Fhelp%2Fcontact\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">sign up<\/span><\/a><span style=\"font-weight: 400;\">. To contact them without setting up an account, use their European phone number: +44 203 974 1320, available from Monday to Friday, from 8 am to 4 pm.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">PayPal<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Being enormously popular worldwide, PayPal has a <\/span><a href=\"https:\/\/www.paypal-community.com\/t5\/PayPal-Community\/ct-p\/en?country.x=uk\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Community Forum<\/span><\/a><span style=\"font-weight: 400;\"> where you can troubleshoot with the help of other users. If you want to message PayPal\u2019s customer service, you need to log in. For some countries, PayPal offers a helpline to use without having an account. Go to the Help tab and scroll down to see contact options.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Security_in_PayPal_and_Wise\"><\/span><span style=\"font-weight: 400;\">Security in PayPal and Wise<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Both platforms protect their users\u2019 accounts and money. They\u2019re fully licensed and regulated, so sending and receiving money domestically and internationally is safe. Below are some features dedicated to ensuring security.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Wise:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">two-factor authentication,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">data protection,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/wise.com\/gb\/about\/responsible-disclosure\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">vulnerability reporting<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">secure communication code (<\/span><a href=\"https:\/\/wise.com\/help\/articles\/2932695\/watch-out-for-phishing\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">protection against phishing<\/span><\/a><span style=\"font-weight: 400;\">),<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">fraud team.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">PayPal:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">two-factor authentication,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paypal.com\/us\/security\/report-suspicious-messages\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reporting PayPal imposters<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paypal.com\/us\/security\/report-fraud\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reporting fraud or unauthorized activity<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">PayPal provides valuable tips on <\/span><a href=\"https:\/\/www.paypal.com\/us\/security\/protect-personal-info\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">protecting your personal information<\/span><\/a><span style=\"font-weight: 400;\">, applicable not only to this service but also to general internet use.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3585\" src=\"https:\/\/useme.com\/en\/blog\/wp-content\/uploads\/2024\/01\/wise-vs-paypal-international-transfers-for-freelancers.png\" alt=\"Wise vs Paypal features - Useme Blog\" width=\"500\" height=\"244\" srcset=\"https:\/\/useme.com\/en\/blog\/wp-content\/uploads\/2024\/01\/wise-vs-paypal-international-transfers-for-freelancers.png 500w, https:\/\/useme.com\/en\/blog\/wp-content\/uploads\/2024\/01\/wise-vs-paypal-international-transfers-for-freelancers-480x235.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 500px, 100vw\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wrap-up_Wise_vs_PayPal_for_international_money_transfers\"><\/span><span style=\"font-weight: 400;\">Wrap-up: Wise vs PayPal for international money transfers<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">No matter if you choose PayPal or Wise, you win. How?<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Both PayPal and Wise offer lower exchange rates than traditional banks, so you avoid spending extra money on a high currency exchange rate<\/b><span style=\"font-weight: 400;\">. This way, you can offer freelance services and fair international payments to clients from other countries. More countries, more clients, more assignments, more money \u2013 it simply pays off. For more budgeting tips, check our latest ebook, <\/span><a href=\"https:\/\/useme.com\/en\/blog\/cash-flow-management-for-freelancers\/\"><i><span style=\"font-weight: 400;\">Cash Flow Management for Freelancers<\/span><\/i><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>You can treat PayPal or Wise account as your piggy bank<\/b><span style=\"font-weight: 400;\">. Having a separate account for payouts will help you track your finances, put aside some savings, and manage spending.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can use Wise and PayPal payments in Useme. Here, <\/span><b>you can invoice your domestic and foreign clients without opening a company<\/b><span style=\"font-weight: 400;\">. After delivering the assigned job, we\u2019ll transfer your pay to your PayPal or Wise account. You receive the gross amount from the contract without any deductions (such as tax or social security).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Visit <\/span><a href=\"https:\/\/wise.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Wise<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.paypal.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PayPal<\/span><\/a><span style=\"font-weight: 400;\">, set your location, and read more about pricing, multi-currency accounts, and extra features.\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go freelance and make deals with clients from around the world, they said. But did anyone tell you how to handle international money transfers and stay afloat with unprofitable exchange rates? We\u2019re here to help you compare Wise and PayPal \u2013 two safe and handy alternatives to traditional banks with millions of users worldwide.<\/p>\n","protected":false},"author":1,"featured_media":3596,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[46],"class_list":["post-3584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-freelancers","tag-freelance-tools"],"modified_by":"Marta","_links":{"self":[{"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/posts\/3584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/comments?post=3584"}],"version-history":[{"count":4,"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/posts\/3584\/revisions"}],"predecessor-version":[{"id":3944,"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/posts\/3584\/revisions\/3944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/media\/3596"}],"wp:attachment":[{"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/media?parent=3584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/categories?post=3584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/useme.com\/en\/blog\/wp-json\/wp\/v2\/tags?post=3584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}