Moneta vs Wise (TransferWise)
Compare payment processing fees and features. See how much your business can save by switching from Wise (TransferWise) to Moneta's zero-fee stablecoin payments.
Savings Calculator
Calculate how much you'll save by switching to Moneta
Detailed Fee Comparison
| Fee Type | Moneta | Wise (TransferWise) |
|---|---|---|
| Transaction Fee (%) | 0% | 0.7% |
| Fixed Fee per Transaction | ~$0.001 | $0.00 |
| Currency Conversion / FX Markup | 0% | 0.5% |
| Chargeback Fee | N/A | $15-25 |
| Settlement Time | Instant | 2-7 days |
| Withdrawal Fee | $0 | Varies |
Feature Comparison
Real-World Savings Scenarios
Digital Nomad
$4,000/month
A remote worker receiving income in multiple currencies. Wise fees of 0.5-1% on each transfer reduce earnings over time.
Small Import Business
$30,000/month
A small business paying overseas suppliers. Even Wise's low fees of 0.5-1% add up to $150-300 monthly on $30K volume.
Expat Family Support
$2,000/month
Someone sending money home to family regularly. Monthly Wise fees of $10-20 could be eliminated entirely with Moneta.
International Contractor
$15,000/month
A contractor receiving payments from multiple countries. Wise's currency conversion fees on each payment reduce take-home pay.
Pros and Cons
Moneta
Pros
- Zero transaction fees vs Wise's 0.5-2%
- Instant settlement vs 1-4 days
- Works 24/7 including weekends
- Self-custody of funds
- No transfer limits
- No account verification required
- No account freezing risk
- Truly borderless—works everywhere
Cons
- No debit card for spending
- No direct bank integration
- Recipients need crypto wallets
- Fewer business features
- Less familiar to mainstream users
- Requires fiat conversion step
Wise (TransferWise)
Pros
- Multi-currency account with 50+ currencies
- Wise debit card for spending
- Direct bank transfers
- Comprehensive business features
- Batch payment processing
- Accounting software integrations
- Regulated financial institution
- Mainstream user familiarity
Cons
- 0.5-2% fees on every transfer
- 1-4 day settlement time
- Transfer limits vary by country
- ID verification required
- Account can be frozen
- Weekend transfers may be delayed
- Some currency pairs more expensive
Which Should You Choose?
Choose Moneta if you:
- Want zero fees on international transfers
- Need instant settlement
- Make frequent large transfers
- Value self-custody of funds
- Work with crypto-friendly partners
- Need to transfer on weekends
- Want to avoid account verification
Choose Wise (TransferWise) if you:
- Need a multi-currency debit card
- Prefer direct bank integration
- Want comprehensive business tools
- Recipients only accept fiat
- Need batch payment processing
- Prefer regulated institutions
Frequently Asked Questions
How does Moneta compare to Wise for international transfers?
Both Moneta and Wise offer better rates than traditional banks. However, Moneta charges 0% fees while Wise charges 0.5-2% depending on the currency pair. For a $10,000 transfer, Wise might charge $50-200, while Moneta costs virtually nothing.
Is Wise faster than Moneta?
No, Moneta is significantly faster. Wise transfers typically take 1-4 business days depending on the destination. Moneta settles in seconds, 24/7, including weekends and holidays. This instant settlement can be crucial for time-sensitive payments.
Does Moneta offer a multi-currency account like Wise?
Moneta works differently—instead of holding multiple fiat currencies, you hold stablecoins pegged to various currencies (USDT, USDC, EURC, etc.). This achieves a similar result but with the added benefits of self-custody and instant transfers.
Can I use Moneta for everyday spending like the Wise card?
Currently, Moneta focuses on business payments rather than consumer spending. Wise's debit card is better for everyday purchases. However, for receiving payments and international transfers, Moneta's zero fees make it more cost-effective.
Which is better for business payments?
For pure cost savings on international payments, Moneta wins with 0% fees. Wise offers more business features like batch payments and accounting integrations. Many businesses use both—Wise for fiat needs and Moneta for crypto-accepting partners.
How do Wise and Moneta handle exchange rates?
Wise uses the mid-market exchange rate with a small markup (0.3-0.6%). Moneta uses stablecoins pegged to currencies, so there's no exchange rate markup. When converting stablecoins to fiat, exchange fees are typically 0.5-1%—comparable to or better than Wise.
About Wise (TransferWise)
Wise (formerly TransferWise) is a fintech company founded in 2011 that offers international money transfers at lower costs than traditional banks. Wise uses a peer-to-peer model and holds local currency accounts to minimize exchange rate markups. While Wise has disrupted the remittance industry with transparent pricing, it still charges percentage-based fees that can add up for frequent or large transfers.
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