Payhawk vs Wise Business (2026): Pricing, Features & Verdict
Payhawk is our pick, scoring 7.1/10 against 6.3/10 for Wise Business on our Finance Software criteria. Its biggest advantage: higher Integration score (9/10 vs 6/10). Neither Payhawk nor Wise Business lists a free plan.
Last updated: November 2026
Payhawk
7.1/10
Payhawk is a modular spend management platform combining Visa corporate cards, expense claims, accounts payable, procurement and travel booking for mid-sized and multi-entity companies.
Wise Business
6.3/10
Wise Business is a multi-currency business account for sending, receiving, holding and converting money internationally, with team cards, batch payments and invoicing.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 7.1/10 | 6.3/10 |
| Scalability | 8/10 | 6/10 |
| Analytics | 5/10 | 3/10 |
| Compliance | 8/10 | 6/10 |
| Integration | 9/10 | 6/10 |
| Security | 8/10 | 7/10 |
| Support | 5/10 | 5/10 |
| Cost | 4/10 | 8/10 |
| Customization | 7/10 | 4/10 |
| Ease of Use | 8/10 | 8/10 |
| Pricing | ||
| Free plan | No | No |
| Cheapest paid plan | £149/mo Growth programme (UK/EEA) | Contact for pricing |
| Estimated cost for 10 users | £149/mo Growth programme (UK/EEA) | Free Wise Business (US) |
| Features | ||
| Corporate Cards | ||
| Multi-currency | ||
| Accountant Access | Not listed | |
| Accounts Payable | Not listed | |
| Expense Management | Not listed | |
| Financial Reporting | Not listed | |
| General Ledger | Not listed | |
| Invoicing | Not listed | |
| Multi-entity Consolidation | Not listed | |
| Online Payments | Not listed | |
| Payroll | ||
| Tax Compliance | Not listed | |
Payhawk vs Wise Business cost by team size
Wise Business costs less from 25 users.
| Team size | Payhawk | Wise Business |
|---|---|---|
| 1 user | £149/moGrowth programme (UK/EEA) | FreeWise Business (US) |
| 5 users | £149/moGrowth programme (UK/EEA) | FreeWise Business (US) |
| 10 users | £149/moGrowth programme (UK/EEA) | FreeWise Business (US) |
| 25 users | $299/moTravel | FreeWise Business (US) |
| 50 users | $299/moTravel | FreeWise Business (US) |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Who Payhawk and Wise Business suit
Payhawk fits enterprise better; Wise Business fits startups better.
| Audience | Payhawk | Wise Business |
|---|---|---|
| Enterprise | 7/10It offers SAP, Oracle and Workday connectors, SSO, and PO matching, but very large enterprises may still need deeper procurement suites. | 4/10It lacks credit, treasury depth and an accounting suite. |
| Startups | 5/10The Growth plan and unlimited employee seats help, but annual contracts and the price floor are less startup-friendly than freemium rivals. | 8/10A low setup cost, team cards and an API fit early-stage companies that work internationally. |
| E-commerce | Not rated | 6/10Useful for receiving marketplace payouts in many currencies, but it is not a full payment processor. |
| Finance Teams | 9/10It is built for controllers and CFO teams that need card controls, AP approvals and ERP sync in one place. | Not rated |
| Freelancers | Not rated | 8/10There is no monthly fee, and local receiving details let freelancers get paid by foreign clients cheaply. |
| Mid-Market | 9/10Module pricing from several hundred dollars a month, plus multi-entity add-ons, targets companies that have outgrown simple expense apps. | Not rated |
| Remote Teams | Not rated | 9/10Batch payments to up to 1,000 recipients suit paying contractors in many countries. |
| Small Business | 4/10There is a discounted Growth programme for UK and EEA firms under 10 staff, but it is capped and reviewers say the cost is high for small companies. | Not rated |
Which One Should You Choose?
Why choose Payhawk
- Higher Integration score (9/10 vs 6/10)
- Higher Customization score (7/10 vs 4/10)
- Better fit for enterprise (7/10 vs 4/10)
Why choose Wise Business
- Higher Cost score (8/10 vs 4/10)
- Better fit for startups (8/10 vs 5/10)
Pros & Cons
Payhawk
Pros
- Unlimited employee seats, card transactions and document processing in every module, so costs do not scale per employee.
- Very broad native integration list, covering NetSuite, Sage Intacct, SAP, Dynamics, Xero, QuickBooks, DATEV and 30+ HR systems, plus a partner API and MCP connector.
- Strong for multi-entity European groups, with regulated card issuing entities in the EEA, UK and US and balances in six currencies.
- AP module includes 2- and 3-way PO matching, segregation-of-duties controls, and e-invoicing support for Peppol, KSeF, SDI and Finvoice.
- Reviewers often say employees find receipt capture and expense submission in the mobile app quick and easy.
Cons
- Trustpilot (2.8/5) and some G2 reviews describe mid-contract price increases, automatic renewals and difficult cancellations.
- Several reviewers report slow or AI-first support, with replies taking days or weeks.
- Annual pricing, unit fees for admin seats and cards, and add-on prices are not published, so you have to get a quote.
- Initial setup of workflows, custom fields and integrations is described as complex, and some reviewers note sync errors with Xero and with foreign currency refunds.
- It is not a general ledger or payroll system, so it needs a separate ERP or accounting package.
Wise Business
Pros
- Conversions use the mid-market rate with fees from 0.23%, often cheaper than banks for international payments.
- There is no monthly fee, only a one-time setup fee of 31 USD in the US.
- Batch payments can pay up to 1,000 recipients in one action, which helps companies paying contractors abroad.
- Local receiving details in 22 currencies let foreign clients pay domestically.
- Team cards come with custom spending permissions.
Cons
- It is not an accounting system and has no ledger, payroll or financial statements.
- Wise is not a bank: it offers no loans, and balances are safeguarded rather than deposit-insured by default.
- Users report delayed or frozen transactions and support that can be slow or hard to reach.
- Incoming SWIFT payments in USD, GBP and EUR carry per-payment fees.
- Feature availability, including cards, varies by country.
Not sold on either?
Frequently Asked Questions
Payhawk scores higher on our Finance Software criteria: 7.1/10 against 6.3/10 for Wise Business. The largest gap is in Cost: 4/10 for Payhawk and 8/10 for Wise Business.
No, neither Payhawk nor Wise Business lists a free plan.
Payhawk is the better fit for enterprise: we rate it 7/10 for them, against 4/10 for Wise Business.
