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  1. Stackups
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  4. Payment Services
  5. Adyen vs TransferWise

Adyen vs TransferWise

OverviewComparisonAlternatives

Overview

Adyen
Adyen
Stacks156
Followers272
Votes49
TransferWise
TransferWise
Stacks20
Followers40
Votes9

Adyen vs TransferWise: What are the differences?

Introduction: When considering payment options for e-commerce or international transactions, Adyen and TransferWise are two popular choices among businesses. Both platforms offer secure and efficient services, but they have distinct differences that cater to various business needs.

  1. Transaction Type: Adyen primarily focuses on providing payment processing solutions for businesses, enabling them to accept a variety of payment methods smoothly. In contrast, TransferWise specializes in international money transfers with competitive exchange rates and low fees, making it an ideal choice for individuals and businesses that frequently deal with multi-currency transactions.

  2. Supported Currencies: Adyen supports a wide range of currencies, allowing businesses to accept payments from customers worldwide. On the other hand, TransferWise supports over 50 currencies for international transfers, making it convenient for individuals and businesses to send and receive money in different currencies.

  3. Payment Gateway Integration: Adyen offers seamless integration with popular e-commerce platforms and payment gateways, streamlining the payment process for online businesses. TransferWise focuses on providing a user-friendly interface through its online platform and mobile app, simplifying international money transfers for individuals and small businesses.

  4. Fee Structures: Adyen charges businesses a payment processing fee based on transaction volume and the type of payment method used, offering competitive rates for online transactions. TransferWise applies transparent fees for international transfers, consisting of a low upfront fee and a small percentage of the transfer amount, making it cost-effective for individuals and businesses sending money abroad.

In Summary, Adyen and TransferWise differ in their focus on transaction types, supported currencies, payment gateway integration, and fee structures, catering to businesses and individuals with distinct payment needs.

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Detailed Comparison

Adyen
Adyen
TransferWise
TransferWise

A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.

It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.

Accept payments everywhere; Access expert advice and support from a dedicated team of payments specialists; Online and in-app payments; Payment terminals and in-store POS setups; Approve more transactions
Invite friends to TransferWise; Send us verification documents; Set up Amount Lock transfers on available currency routes; Set up new transfers with previously used details and recipients; Pay via Apple Pay (iOS) and Google Pay (Android); Set up app-based 2-step login.
Statistics
Stacks
156
Stacks
20
Followers
272
Followers
40
Votes
49
Votes
9
Pros & Cons
Pros
  • 10
    Great customer support
  • 9
    Truly international solution
  • 8
    Great documentation
  • 6
    Well-designed API
  • 5
    Easy setup
Pros
  • 4
    Best exchange rates
  • 3
    Fast
  • 2
    API Support
Integrations
Shopify
Shopify
Magento
Magento
Salesforce Commerce Cloud
Salesforce Commerce Cloud
Zapier
Zapier
Talkable
Talkable
Solidus
Solidus
Shopify
Shopify
Chargebee
Chargebee
Elevio
Elevio
Pendo
Pendo

What are some alternatives to Adyen, TransferWise?

Stripe

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

PayPal

PayPal

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

Braintree

Braintree

Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.

Recurly

Recurly

Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.

Payoneer

Payoneer

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

Amazon FPS

Amazon FPS

With Amazon Flexible Payments Service developers can accept payments on their website for selling goods or services, raise donations, execute recurring payments, and send payments. Amazon customers can pay using the same login credentials, shipping address and payment information they already have on file with Amazon. Amazon FPS supports the processing of payments using credit cards, bank accounts and Amazon Payments account balances to send or receive money.

Zuora

Zuora

Zuora gives you the enterprise-class, cloud-based tools you need to launch and scale any subscription service, quickly and affordably. Design your pricing and packaging, start taking quotes and placing orders, automate your billing and payments, and keep tabs on your financials.

Razorpay

Razorpay

Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.

WePay

WePay

WePay helps people sell tickets to events, send invoices, sell items online, and accept donations online. WePay also provides an API that allows developers to access its payments platform.

2checkout

2checkout

Accept payments online, anytime, anywhere. 2Checkout.com is an online payment processing service that helps you accept credit cards, PayPal, and debit cards.

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