← Back to Grey
Compare
Grey vs Wise
Grey and Wise are both payment receiving platforms. Fees — Grey: No account fees, FX conversion margin. Wise: Low conversion fees at the mid-market rate.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- Fees — Grey: No account fees, FX conversion margin. Wise: Low conversion fees at the mid-market rate.
- Both pay out via Bank transfer. Only Grey offers Mobile money. Only Wise offers Debit card.
- Wise is the older platform — founded in 2011, 9 years before Grey (2020).
- Grey is based in United States, Wise in United Kingdom.
- Grey focuses on Nigeria, Kenya and Ghana, while Wise operates internationally.
Which should you choose?
Choose Grey if…
- You want to withdraw via Mobile money.
- You live in Nigeria, Kenya or Ghana.
Choose Wise if…
- You want to withdraw via Debit card.
- You prefer a long track record (since 2011).
Side by side
|
Grey
Virtual USD, GBP, and EUR accounts for African freelancers - receive international payments and convert to loc…
Visit
|
Wise
A multi-currency account with local bank details in 9+ currencies - clients pay you like a local, and conversi…
Visit
|
|
|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | Yes |
| Fees | No account fees, FX conversion margin | Low conversion fees at the mid-market rate |
| Minimum payout | Varies by rail, including NGN 1000, GBP 20, EUR 20, KES 300, and MXN 10 | — |
| Withdraw via | Bank transfer, Mobile money | Bank transfer, Debit card |
| Availability | Nigeria, Kenya, Ghana, Uganda + LatAm/Asia markets | 160+ countries |
| Local to | Nigeria, Kenya, Ghana | — |
| Founded | 2020 | 2011 |
| Headquarters | Middletown, United States | London, United Kingdom |
| Stock ticker | — | LSE: WISE |
| Popularity | 35 views · 0 likes | 35 views · 0 likes |
Frequently asked questions
Which is cheaper, Grey or Wise?
Grey: No account fees, FX conversion margin. Wise: Low conversion fees at the mid-market rate.
Where are Grey and Wise available?
Grey: Nigeria, Kenya, Ghana, Uganda + LatAm/Asia markets. Wise: 160+ countries.