TrustRadius

robinhood vs. Wise

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
robinhood
Score 10.0 out of 10
N/A
Robinhood provides trading in stocks, ETFs and options is offered through Robinhood Financial LLC, member SIPC (sipc.org). Cryptocurrency trading is offered through Robinhood Crypto, LLC. Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services and is not a member of FINRA or SIPC. Cryptocurrencies are not stocks and your cryptocurrency investments are not products protected by either FDIC or SIPC.N/A
Wise
Score 9.4 out of 10
N/A
Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting cheaper rates than traditional banking options. It also helps to make faster, lower-cost payouts to all business customers, freelancers, employees, investors, and suppliers around the world.
$0.02
One time/%
Pricing
robinhoodWise
Editions & Modules
No answers on this topic
ATM Fees over 100 USD per month
2%
One time/%
Accounting Funding transactions
2%
One time/%
Receiving USD wire payments
4.14 USD
One time/%
Getting the Wise Debit card
5 USD
One time/%
Getting account details in 10 currencies
31 USD
One time/%
Sending money
From 0.41%
One time/%
Converting money
From 0.41%
One time/%
Offerings
Pricing Offerings
robinhoodWise
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details$0 on commissions--- pricing PDF schedule online.—
More Pricing Information
Community Pulse
robinhoodWise
Best Alternatives
robinhoodWise
Small Businesses
Coinbase
Coinbase
Score 9.0 out of 10
Square Invoices
Square Invoices
Score 9.2 out of 10
Medium-sized Companies
Coinbase
Coinbase
Score 9.0 out of 10
Apple Pay
Apple Pay
Score 9.3 out of 10
Enterprises

No answers on this topic

Adyen
Adyen
Score 8.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
robinhoodWise
Likelihood to Recommend
10.0
(0 ratings)
9.0
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(0 ratings)
User Testimonials
robinhoodWise
Likelihood to Recommend
robinhood has been great for me as a first time investor using "play money" outside of my main 401K and retirement. It has options for purchasing partial shares, which means you don't have to purchase a full, even share in order to invest. I love to option to buy and sell crypto so easily. Crypto prices move quickly. I can set alerts when I want to get in and for when I want to get out. The availability of index funds also balance it well. I like reading the articles and morningstar ratings that provide direction on market sentiment, fair value and quick earnings results.
Verified User
Anonymous
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Transferwise it is great for transferring money across countries (never for transfers within the same country) and when the countries in question use different currencies. It is very quick, especially if the amount is not big. For larger amounts, it would take longer so it would be good only if you are not time-constraint.
Verified User
Anonymous
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Pros
No answers on this topic
  • Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
  • Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
  • Affordable - the fees on both ends were minimal.
Sarah Daggett | TrustRadius Reviewer
Sarah Daggett
Systems Manager
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Cons
No answers on this topic
  • TransferWise (at the time of this review) does not allow one to transfer money to all kinds of business accounts. This can be a limitation for people who want to use it as a way to pay directly for goods and services.
  • Sometimes it has problems with some credit cards. But the most popular types are accepted without problems.
  • TransferWise accepts fewer currencies than other services. But it seems like this is a temporary problem, and the company is making efforts to support transferences to all of the currencies.
Marcelo de Vasconcellos | TrustRadius Reviewer
Marcelo de Vasconcellos
Senior Visual Designer
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Support Rating
No answers on this topic
We haven't really had to engage with TransferWise support. The platform is simple and easy to use.
Verified User
Anonymous
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Alternatives Considered
No answers on this topic
Apple Pay has high fees and hidden charges, not easy to use and it does not really support enterprises. It is also not regulated by MAS so we don't feel safe using it. Transferwise account was easy to set up (within minutes), the admin fee is low and the pricing is very transparent (no hidden fee). Lastly, we needed a platform which is safe to use and we are happy to know that Transferwise is regulated by the MAS of Singapore.
Jenson Teo (赵俊杰） | TrustRadius Reviewer
Jenson Teo (赵俊杰）
Business Development Director
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Return on Investment
No answers on this topic
  • We can save around 5% on our transfer fees
  • The online account management is easier than going into banks personally
  • There's no negative impact...
Arpad Szucs | TrustRadius Reviewer
Arpad Szucs
Brand Designer | UI, UX & Visual Designer
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ScreenShots