Personal Features



TransferWise provides a simple easy to use international money transfer service with digital wallet capabilities. Their digital wallet, or Borderless account also gives the individual local banking details in 6+ currencies including, EUR, SGD, NZD, USD, GBP and AUD. Their TransferWise Borderless debit card backs on to their Borderless digital wallet allowing you to spend directly out of your multi-currency account balances.

What TransferWise offers individuals

  • International money transfers
  • Borderless multi-currency receiving accounts
  • Borderless Debit Card - FX optimised debit card
  • Android and Apple apps
  • Send money to email address

What TransferWise does not offer individuals

  • Personal account management
  • Regular transfers
  • Cash pick up or international bill payments



Stripe does not offer individual services.

TransferWise wins!

TransferWise scores better in the Personal Features category.

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Business Benefits



In addition to the services TransferWise offers the individual, there are some features only available for a business. Unfortunately, as TransferWise is online only, a business customer does not have support with currency fluctuations and trends. TransferWise does however offer easy to use transactional foreign currency receipts and payments.

What TransferWise offers businesses

  • Batch payments
  • Xero and Quickbook integration
  • FX optimised business debit card
  • Multi-user account access

What TransferWise for business doesn’t offer

  • Business account management
  • Risk management tools
  • Regular transfers



Stripe offers more than 135 currencies across 26 countries. 

Access Stripe’s products and services through its website or apps on both Apple and Android.

Accounting integration is possible through products like Xero 

Schedule payments easily

TransferWise wins!

TransferWise scores better in the Business Benefits category.

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Fees & Exchange Rates



TransferWise offers the real time exchange rate at the time of your transfer. Therefore fees are visible in addition to the transfer amount. The fee structure is complex as it differs depending on the currencies you are sending from and to. Fees also apply to the type of Borderless account transaction. Fees can also apply on the use of the TransferWise Borderless debit card. Fees are briefly summarised below. Read the detailed TransferWise review for more details on TransferWise fees.

TransferWise ServiceTransferWise fee
Simple International Money Transfer

0.4% - 2% 

Varies on currency and payment type

Adding to TransferWise Borderless account0.4% - 0.5%
Converting between Borderless account0.3% - 0.6%
Sending money out of Borderless accountLess than 0.1% in most cases
Borderless Account Debit Card

No fee for card issuance

Fee free cash withdrawal limit of US$250, 2% thereafter

Zero cost on spend from existing currency balance, 0.24 - 3.69% fee if there is no existing balance



Exchange rates

Stripe uses mid-market rates to process currency conversions.

You get to view the rate that applies on your payments and currency conversions through your dashboard.

Additional Fees

Payments received via debit and credit cards attract 2.9% of the transaction amount plus $0.30 as fees.

Accepting payments via international cards comes with an added 1% fee, and you might also incur a 1% currency conversion fee.

ACH direct debit, ACH credit, and wire transfers attract 0.8% of the transaction amount as fees along with a flat fee of no more than $5.

Using the company’s billing services requires that you pay 0.4% as fees for recurring charges, although no fees apply for the first $1 million.

TransferWise wins!

TransferWise scores better in the Fees and Exchange Rates category.

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Ease of Use



The TransferWise app design and user experience of their technology is great with simple, intuitive processes.

Registration - Fast and easy account creation

ID verification - Instant in some countries

Transfer speed - It can be instantaneous in some countries. Fast payments to TransferWise comes at an additional cost.

Minimum transfer amount - $1

Mobile app - Simple and easy to use. Probably the best designed app of the international money transfer companies.

Payment options - TransferWise has the broadest range of payment options. Local bank transfer, debit / credit card and country specific solutions such as POLi.



Businesses may accept payments via debit cards, credit cards, various digital wallets as well as different region-specific methods.

The Checkout option lets you receive payments directly through your website.

You may accept payments using the Stripe app or its mobile website.

Stripe Terminal gives you the ability to accept payments in person.

You can bill customers using one-off or recurring invoices.

TransferWise wins!

TransferWise scores better in the Ease of Use category.

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Support & Countries



TransferWise’s supported countries vary with different services having different supported customer countries and destination countries. These are detailed in the TransferWise Countries and Currencies article and is summarized below.

Send from - 23 countries plus the Europe SEPA countries

Send to - Over 60 currencies

Borderless account and debit card - Over 6 countries can sign up to their Borderless services.



Supported Countries

Stripe currently provides its services to businesses from 26 countries.

It processes payments in more than 135 currencies.

Customer Service

Stripe averages 6.5 out of 10 on TrustPilot

TransferWise wins!

TransferWise scores better in the Support and Countries category.

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Trust & Transparency



TransferWise is fully regulated by the FCA and their customer funds are segregated from their business banking activities.

TransferWise is rated on TrustPilot as Excellent. Unfortunately there have been some poor reviews on TrustPilot indicating sudden account closures with funds being returned with no explanation.

TransferWise continues to raise capital through private funding. This could be a concern for the future when the shareholders are looking for aggressive growth and / or a return on their investment.



U.S.-based Stripe has the required regulatory licenses to operate in different countries.

Stripe Radar and 3D Secure help identify, prevent, and reduce the risk of fraud.

The company is a certified PCI Level 1 Service Provider.

TransferWise wins!

TransferWise scores better in the Trust and Transparency category.

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The Result

Winner ribbon iconWinner


The fact that Stripe does not have services for individuals of course affected its score against TransferWise.  That said TransferWise easily beat Stripe across all the other categories with only the Business Benefits section scoring somewhat more closely.  This reflects TransferWise's cheaper fees and exchange rates, number of supported countries and ease of use.