Business payments don't have to be complicated
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Sokin vs Wise Business: Which delivers more value?
Compare fees, FX, payouts & operational speed to find the payments platform that helps your business scale globally.
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Morgan Stanley Expansion Capital invests to become our trusted partner in growth
Recognised as one of the fastest-growing private technology companies.
Transparent FX & fees
No surprise costs
Hands on support
Local & global speed
Sokin puts business owners and finance teams first
Pricing that is predictable
No subscription fees. Flat transfer pricing and transparent FX to help finance teams plan with confidence.
Balances that earn
Earn up to 3.74% AER on GBP, EUR, and USD balances; put your working capital to work.3
Support that solves
Clear communications and quick resolutions through real people; to ensure your account is never in the way of business.
Why fast-growing businesses choose Sokin
Sokin is designed for finance teams that value clarity, control, and consistency in their global operations. With transparent FX, no monthly fees, multi-currency accounts, and predictable payment costs, Sokin helps businesses budget confidently, streamline cross-border transfers, and scale without complexity.
Wise Business*
Monthly fee**
No monthly fee
No monthly fee
Currency exchange fee**
Wholesale rate + from 0.33%
Wholesale rate + min 0.3% - 1% depending on currency
Payment fee**
Local: free
International: from 0.33%
International: from 0.33%
From £5
Inbound fee
Free for domestic/local transfers
SWIFT/wire fees from £2.16
SWIFT/wire fees from £2.16
🏆 No inbound fee
Local account details
10
5 regions incl. USD, GBP, EUR, AUD, CAD
Hold and manage multiple currencies
25
26
Earn on balances
Earn up to 3.41% on USD, GBP and EUR
🏆 up to 3.74% on USD, GBP and EUR3
Countries you can send to
70+
🏆 170
Payout currencies
40+
🏆 70+
Bulk payments
1000
🏆 5000
Accounting Integrations
Xero, QuickBooks, NetSuite and more
Sage, Xero, NetSuite, QuickBooks
Marketplace collections
🏆 Supported via local account details
No
Payment acceptance
Yes, via local bank details & payment links
Card payments, Apple Pay & Google Pay
Disclaimer:
*Wise information shown is based on publicly available UK pricing and product details (i.e., the Wise Business plan) as of April 30, 2026. Fees, features, and availability may vary by country, entity type, and customer profile.
**May vary by region
*Wise information shown is based on publicly available UK pricing and product details (i.e., the Wise Business plan) as of April 30, 2026. Fees, features, and availability may vary by country, entity type, and customer profile.
**May vary by region
Compare the landscape
Every global payments partner offers something different. Explore our comprehensive blog to ensure you have the agility and reach your business demands.
3 reasons to consider Sokin over Wise
- Forecast with confidenceClear FX and transparent fees designed to avoid hidden spreads and unexpected cost variation.
- Domestic & global payments in one place Manage payouts and international transfers from the same platform, with accounting platform integrations.
- Built for control and trust Enterprise-grade controls, segregated client funds, and institutional backing from Morgan Stanley Expansion Capital to support global payment operations with confidence.
All the currencies you need.
At our best rates, guaranteed.
cad
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
cad
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
chf
cnh
eur
huf
jod
jpy
mxn
nzd
pln
chf
cnh
eur
huf
jod
jpy
mxn
nzd
pln
ron
rsd
sar
sek
tnd
all
aoa
brl
egp
cad
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
myr
ngn
zar
nok
try
krw
inr
chf
cnh
eur
huf
jod
jpy
mxn
nzd
pln
Safe & secure
Your funds are always safeguarded
We keep your funds segregated from our own and place them with reputable banking partners-giving you the confidence that your money is always protected.
We're licensed throughout the globe
We operate under a global suite of licenses and regulatory approvals, meeting strict standards wherever you do business. See our full regulatory details here.
Bank-level security protects your account
We’ve built our infrastructure to meet financial-institution security standards and advanced threat protection-so you can focus on growing your business. View our Trust centre.
Products we offer
Multi-currency Accounts
Receive funds in 26 currency accounts across local and multi-currency accounts.¹
FX & Payments
Send fast international payments to over 170 countries in 70+ currencies.¹
Balance boost
Switch on your Boost to earn upto 3.74% AER on unlimited USD, EUR and GBP balances.³
Payment gateway
Ecommerce payment gateway that supports your domestic & international customer base.
Accounting integrations
Connect directly with your existing ERP and accounting platforms to fuel efficiency.
Questions and Answers
How does Sokin’s pricing compare to Wise Business?
Both Sokin and Wise offer transparent pricing with no monthly fees. Wise applies variable FX and transfer fees that differ by currency pair and payment type, while Sokin focuses on clear, predictable pricing structures designed to support forecasting and margin control as payment volumes scale.
What are Wise Business’s SWIFT fees?
If you send money via SWIFT with Wise Business you’ll usually pay variable fees based on the currency. SWIFT fees on Sokin go as low as 5 units.
Which platform supports more currencies and countries?
Wise allows businesses to hold and manage a larger number of currencies, while Sokin supports payouts to more countries globally. For finance teams, the difference often comes down to whether the priority is holding balances in many currencies or executing payments reliably across more markets.
Which platform is better suited for growing businesses?
Wise is often used for straightforward international transfers and multi-currency holding. Sokin is built for businesses managing higher payment volumes, multiple entities, and complex cross- border operations, where predictable costs, payment control, and operational oversight become increasingly important.
