Rampy vs Wise for Receiving Client Payments: What Each Is For

Both give you bank details a client abroad can pay. What happens after the money lands is different, and that difference decides which one you want.

Wise and Rampy can both give you bank details that a client abroad pays like any supplier. The difference is what happens next. Wise keeps the money as a balance in your Wise account, in the currency it arrived in. Rampy converts each payment into stablecoins, such as USDC or EURC, and sends them to a wallet only you control. If you want to keep ordinary currency, Wise is usually the simpler and cheaper choice. If you want to be paid in stablecoins, Rampy does that and Wise does not.

We make Rampy, so read this knowing that. We have tried to put Wise's case as fairly as our own, using only what Wise publishes.

The short answer

• Pick Wise if you want to receive, hold, convert and spend ordinary currencies, with a card.
• Pick Rampy if you want client payments to arrive as stablecoins in your own wallet, and to turn them back into a bank transfer when you choose.
• Use both if you are paid in stablecoins but spend in your local currency. That is a common pairing.

What each one is

Wise is a regulated money-transfer and account provider. Its UK company, Wise Payments Limited, says on its own site that it is authorised by the Financial Conduct Authority as an electronic money institution. When a client pays your Wise details, the money becomes a balance that Wise holds for you until you send, convert or spend it.

Rampy is not an account provider and holds no balance. A deposit account gives you USD or EUR bank details in your name, issued through our regulated payments partner. Each payment that arrives is converted and delivered to your wallet. Rampy never holds your money or your wallet's keys. To get cash, you sell the stablecoins back to a bank account in your own name.

What it costs: one worked example

Say a US client pays you a $2,000 invoice by ACH, the ordinary US bank transfer.

On this example Wise is cheaper to receive dollars: its fee is zero and ours is $39.80. That is the honest result, and it is why we say Wise is the better choice if dollars in a balance are what you want. What our fee buys is different: the payment arrives as USDC in a wallet you hold, with no step in between.

If you later want cash, the two differ again. Wise converts a balance from 0.24% on its UK page and from 0.23% on its US page, depending on the currencies. Rampy sells stablecoins to a USD, EUR or GBP bank account for 1.99% + 1.99 below 500, then 0.99% + 1.99 from 500: on the 1960.20 USDC above, $21.40, plus the exchange rate on the day if the bank account is not in dollars. Receiving through Rampy and then selling straight back to a bank costs more than Wise. It only makes sense if you want to hold stablecoins for a while, or pay others in them.

Sources: Wise pricing (US) · Wise pricing (UK) · Wise Business pricing (US) · Wise Business pricing (UK) · Wise multi-currency account (UK) · Rampy pricing

Who holds the money, and why it matters

With Wise, your money is a balance with a regulated company. That brings things a wallet does not: a card, and conversion into many currencies from the same balance. It also means the balance is Wise's to hold, and its rules apply to it.

With Rampy, the money passes through our regulated payments partner and lands in a wallet only you control. Nobody else can move it. That cuts both ways. A blockchain transfer to the wrong address cannot be reversed, and the wallet is yours to keep safe. Before your first sell, the app asks you to back it up.

When Wise is the better choice

• You want to keep dollars, euros or pounds as ordinary money, and spend them.
• You want to convert between ordinary currencies cheaply. Rampy does not do this at all.
• You want a debit card, or balances in many currencies.
• Your clients pay from outside the US and the euro area, and you need local details in their currency.

When Rampy is the better choice

• You want client payments to arrive as USDC or EURC, in a wallet you control, without placing an order each time.
• You pay contractors or suppliers in stablecoins, so converting to ordinary money and back would cost you twice.
• You invoice in euros and want to stay in euros: a EUR deposit account can deliver EURC, with no exchange into dollars.
• You already hold stablecoins and need them in a USD, EUR or GBP bank account, at a price shown before you confirm.

Using both

The two fit together. You can sell stablecoins on Rampy to a Wise account in your own name, in USD by ACH or wire, EUR by SEPA, or GBP by Faster Payments. From there, Wise does the converting and spending. A client can also pay your Rampy details from their own Wise business account, like any bank transfer.

Before you send details to anyone, check who is allowed to pay in. A USD deposit account accepts businesses and your own accounts; another person's personal account is capped. The wrong payer means a payment returned days later, not refused at the start.

Frequently asked