Today, we’re excited to announce that the Wise Business card is launching* in the United States – freeing businesses from the hassle and hidden fees typically faced when spending abroad. Sole proprietorships and single-member limited liability companies (LLC) can now order their digital cards with availability for all U.S. businesses coming soon.
Traditional debit cards weren’t built for cross-border spending. Why? Banks and other providers often advertise fee-free and instead hide their fees through inflated exchange rates. Wise is different and brings a new level of transparency to international payments. With the Wise Business card, you’ll always get the mid-market exchange rate to pay bills or expenses in 170 countries.
With over three million Wise cards issued globally, U.S. businesses join the millions that trust Wise to meet their growing international footprints, whether it’s employees abroad on a business trip, working internationally in a different country or paying invoices online.
With Wise, businesses are able to keep their money safe and secure. Through the Wise app, business leaders and their team members can manage payments easily by receiving instant spending notifications and the ability to track expenses in one place.
Whether you're a team of one or growing a number of trusted employees, Wise can issue expense cards so employees too can enjoy Wise. Pre-set spending limits give leaders the option to control access to the company’s Business account. Plus, you can instantly approve card payments.
We surveyed U.S. small businesses and found nearly half have felt discouraged or even prevented from expanding internationally. Among factors discouraging or preventing these businesses from growing overseas, the cost and complexity of international payments ranked highest well ahead of cultural barriers, supply chain issues and lack of capital. That is why the Wise account exists, to make managing international finances easy, convenient and affordable.
The Wise account is a universal account that lets you send, spend, hold and convert currencies with the mid-market exchange rate and with low fees*. Plus, you can connect your business account to your existing apps, like Quickbooks and Xero, to see all of your money and transactions in one place.
Global minded businesses can also benefit from local account details in 10 currencies, giving them the ability to receive payments and pay like a local as they grow their business globally. And let’s not forget, with no hidden fees and low rates, Wise is trusted by over 16 million customers.
The Wise card is an extension of the Wise account, and together, we’re proud to help U.S. businesses organize their international needs in one simple account.
If you already have a Wise Business account, just log in to order your virtual card. If you don’t have an account, it’s free and easy to get started. Click here to register.
* Sole proprietorships and single-member limited liability companies (LLC) can order their digital cards today with availability for physical cards and all businesses coming soon.