Wise fees just got cheaper? This is why Wise is better than PayPal
May 16, 2024

5 mins read

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Content Creators! Are you sick of PayPal fees? Well, the payment processor competitor, Wise, just lowered their fees...kind of. Check out this article for each currency how much you can save by withdrawing WIse on UniFans.

Key Takeaways:

  • All variable fees are lowered and fixed fee is increased, except for Chinese currency.
  • Encourage users to withdraw with bigger amounts. Otherwise, you will pay more fees.
  • Use Wise's new fee calculator to find how much you need to withdraw to save money.


Since May 9, 2024, some of our creators contacted us regarding a sudden increase in Wise's fees. We did some investigation and found out that currency conversion fee and send money from Wise balance are recently adjusted. Essentially, the fixed fee increased while variable fee is lowered for most currencies. In order words, Wise is deterring users from withdrawing small amounts and aim to hold your cash for longer period in Wise wallet. The biggest difference is the change in transacting with Chinese currency, CNY, which both fixed and variable fees increased dramatically.  Please inspect fee changes for each popular currencies.


Wise fees for USD to EU

Send money from Wise Old fee New fee
Fixed fee 0.32 USD 0.52 USD
Variable fee 0.45% 0.4%
Currency Conversion
Variable fee 0.45% 0.39%

Wise fees for USD to CAD

Send money from Wise Old fee New fee
Fixed fee 0.48 USD 0.89 USD
Variable fee 0.44% 0.39%
Currency Conversion
Variable fee 0.44% 0.38%

Wise fees for USD to INR

Send money from Wise Old fee New fee
Fixed fee 0.36 USD 0.65 USD
Variable fee 0.59% 0.56%
Currency Conversion
Variable fee 0.59% 0.56%

Wise fees for USD to GBP

Send money from Wise Old fee New fee
Fixed fee 0.33 USD 0.55 USD
Variable fee 0.50% 0.43%
Currency Conversion
Variable fee 0.50% 0.43%

Wise fees for USD to CNY

Send money from Wise Old fee New fee
Fixed fee 0.36 USD 0.50 USD
Variable fee 1.14% 1.85%
Currency Conversion
Variable fee 1.06% 0.99%

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