You have a supplier invoice in EUR, a business card in your wallet and a to-do list that is already too long. The last thing you need is another spreadsheet trying to explain what cross border payments are really costing your business.

This is where it helps to understand how Wise Business can help you save money and receive cashback on your everyday business spending. For Wise Business customers in the UK Wise volume discounts enable you to unlock a reduced fee from monthly spend of £20,000 and above, and with card cashback on your Wise Business cards you can receive 0.5% on eligible purchases.

These features make planning your finances easier and more cost efficient. They do different jobs, but together they can make your monthly spending easier to plan.

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How do volume discounts work with Wise Business?

Sending a large payment across borders can be a complex process — you want to know that your suppliers or employees receive the right amount at the right time.

Unfortunately, many traditional providers will charge you hidden fees on cross-border payments with a 2-5% margin baked into their FX rate. With Wise's volume discounts, we apply a lower fee automatically when your completed cross-currency transfers or conversions reach certain levels during a calendar month — for UK customers, that’s £20,000 per month.

You don't need to switch this on or apply for another tier of membership - we simply apply the discount to your transactions once your monthly payments reach £20,000 per month. The volume discount does not apply to same-currency payments, cancelled transfers or transactions that have not been completed.

For UK-registered businesses, the discount is based on the monthly eligible volume in GBP. Your personal and Wise Business accounts are tracked separately. If you’re wondering, does this volume discount apply per account owner/ profile or per account (e.g. if I send £10k on my personal account to consumers and £10K on business account would volume discount kick in, or do I need £20k on business to activate it on business spend?) — you need to reach the threshold within your Wise Business account. Personal and business volumes are tracked separately, so £10,000 sent personally plus £10,000 sent through your business account won’t combine to trigger a discount.

Read our article on large-transfer fees for the full conditions and current thresholds.

Here’s how the discount applies:

The discounts are applied progressively. This means you pay our standard, low fees on the first £20,000 of eligible monthly volume, then the applicable lower fee applies only to the amount above that threshold.

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What is card cashback with Wise Business?

Card cashback is another way to make your Wise Business account work better for you. If your Wise Business account and card are registered in the UK, you are automatically enrolled when you use the card. We pay 0.5% cashback on eligible business-card transactions, usually on the first business day of each month, and it appears in your account as a Reward.

Which transactions are eligible for Cashback?

Cashback is designed for eligible everyday business purchases, rather than every possible card payment. ATM withdrawals, cash-like transactions, gift vouchers, gambling, payments to financial institutions, commodities, investments, savings, cryptoassets, government payments and tax payments are excluded. Check here on how business card cashback works for the full list of conditions, exclusions and payment timing.

At a glance: which benefit applies to your payment?

Use volume discounts for cross-currency payments, and cashback for eligible card purchases

Wise volume discounts can reduce the fee on eligible cross-currency transfers and conversions once your completed monthly volume reaches the relevant threshold. Cashback is different: it applies to eligible purchases made with your Wise Business card.

If you are paying a EUR supplier from GBP, check your eligible monthly transfer volume. If you are paying for software, travel or supplies with your card, check whether that purchase qualifies for cashback. The payment type tells you which benefit to look at.

Plan overseas payments across the calendar month

If you are paying overseas suppliers, contractors or manufacturers, your volume discount is based on completed eligible transfers and conversions during the calendar month. This means it is helpful to keep expected payment dates and amounts in view, particularly in months when you have several cross-currency payments to make.

You do not need to delay a necessary payment to reach a threshold. Instead, use the fee shown when you set up each transfer to plan your cash flow, knowing that eligible completed activity in the same month may contribute towards the relevant discount bracket.

For larger transfers, allow time for possible checks and keep supporting documents ready. Read our article on large-transfer timing for more detail.

Remember: the volume discount applies progressively

A volume discount does not reduce the fee on your entire monthly transfer volume. We apply the standard fee to the first bracket, then apply the lower fee to the eligible amount in the next bracket.

For instance, if you complete £40,500 of eligible GBP-to-EUR activity in one month, the first £20,000 remains in the standard-fee bracket. The 0.10% discount applies to the remaining £20,500.

This is why the fee displayed when you set up a transfer is the number to use when making a payment decision.

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Use your Wise Business card for eligible everyday spending

Your Wise Business card can earn 0.5% cashback on eligible purchases when your account and card are registered in the UK. This can include the day-to-day spending that keeps your business moving, such as eligible software, travel and supplies.

Cashback does not apply to every card payment. ATM withdrawals, gift vouchers, gambling, payments to financial institutions, investments, government payments and tax payments are excluded.

Card cashback can apply across all Wise Business cards tagged to your company account. The monthly maximum is £2,000, or equivalent, and transactions below £2, or equivalent, do not earn cashback.

Check your Rewards at month-end

Cashback is usually paid on the first business day of each month and appears in your Wise Business account as a Reward. A purchase must be cleared by the merchant by the 25th to be included in the following month's payout.

If an expected Reward is missing, check whether the payment was eligible, whether the merchant has cleared it, and whether it was refunded or reversed. This gives you a straightforward way to reconcile card spending without assuming every transaction will earn cashback.

More ways Wise Business can support your business

Wise Business offers you a multi currency account and 9+ local currencies so you can work from 160+ countries. Wise Business also helps you manage international payments and everyday spending from the same account at the mid-market rate. Alongside volume discounts and card cashback, you can use business cards to manage team spending and see transfer costs before you send.

If your business is growing across borders, read our guide to sending international payments for more on planning payments, tracking transfers and understanding the factors that affect fees.

Send money with Wise Business

With Wise Business, you can:

🌍 Send money to 70+ countries and pay overseas invoices at the mid-market exchange rate with low, transparent fees and no hidden exchange rate markups (product availability varies by region)
📥 Receive payments in 24 currencies and counting
💵 Get local account details for 8+ currencies, including USD and EUR, to let your customers pay in a currency they know and trust - convenience for them and peace of mind for you
💰 Hold money in 40+ currencies
🔁 Convert currencies anytime at the mid-market exchange rate with low, transparent fees
⚡ Use the batch payments tool to create and send up to 1,000 payments in a single transfer
👥 Run payroll and make international payments for up to 1,000 employees all over the world - including paying suppliers using local payment methods like ACH, SEPA, and Faster Payments
💳 Get business debit cards with 0.5% cashback for you and your team to keep track of team expenses and spend all over the world, with real-time visibility and categorisation. See full cashback terms and conditions
🏢 Manage cash in 55+ currencies across international offices from a single business account and move money between business accounts in seconds (exact speeds can vary depending on individual circumstances and may not be the same for all transactions)
🧾 Connect and sync every business transaction to your favourite accounting software, including Xero, Quickbooks, and more
🔐 Create your own payment approvals process to manage your team better with customised access for different team members, roles and permissions
📑 Create custom professional invoices and schedule invoice payments for future dates
📈 Earn variable returns on GBP, USD and EUR with Wise Interest (Growth not guaranteed. Your balance will go down in the event of a government default or interest rates going negative.)
🔗 Create payment links and QR codes to get paid easily (Card payment acceptance for new Wise Business customers is currently unavailable. Payment methods subject to eligibility and availability.)
⚙️ Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of our API)

Make the wise choice when selecting a business account for your domestic and global needs.

Be Smart, Get Wise.

Wise Business offers a free Essential plan for basic spending and transferring. If you need to receive money, set up direct debits, or generate invoices, you'll pay a one-time £50 setup fee to unlock the Advanced features.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.