In the ever-evolving world of online transactions, freelancers and digital nomads are constantly on the lookout for reliable, efficient, and cost-effective payment solutions. Two platforms that have gained significant attention are Airtm and Wise (formerly TransferWise). Both offer unique features tailored to the needs of global users, but how do they stack up against each other? In this comprehensive guide, we’ll delve into the features of Airtm and Wise, compare their offerings, and help you decide which platform is best suited for your needs in 2025.
Table of Contents
What is Airtm?
Airtm is a digital wallet and online banking platform that allows users to send, receive, and store money in various currencies. It’s particularly popular among freelancers and digital nomads who need a flexible and secure way to manage their finances. Airtm supports a wide range of payment methods, including bank transfers, credit/debit cards, and even cryptocurrencies.
Key Features of Airtm
What is Wise?
Wise, formerly known as TransferWise, is a global money transfer service that offers multi-currency accounts and low-cost international transfers. It’s widely regarded as one of the most transparent and cost-effective solutions for sending money abroad.
Key Features of Wise
Airtm vs Wise: A Detailed Comparison
Fees and Exchange Rates
Airtm: Airtm offers competitive fees, especially for currency conversions. However, the exchange rates may not always be as favorable as those offered by Wise.
Wise: Wise is renowned for its low fees and real exchange rates, making it a more cost-effective option for international transfers.
Currency Support
Airtm: Airtm supports a wide range of currencies and payment methods, including cryptocurrencies.
Wise: Wise supports over 50 currencies and offers multi-currency accounts, making it a versatile choice for global users.
Ease of Use Airtm vs Wise
Airtm: Airtm’s interface is user-friendly, but it may take some time for new users to familiarize themselves with all the features.
Wise: Wise is known for its intuitive and straightforward interface, making it easy for users to navigate and complete transactions.
Security
Airtm: Airtm employs robust security measures, including two-factor authentication and encryption, to protect user data and funds.
Wise: Wise also prioritizes security, with features like two-factor authentication and regulatory compliance in multiple jurisdictions.
Customer Support
Airtm: Airtm offers customer support via email and a comprehensive help center, but response times can vary.
Wise: Wise provides customer support through email, chat, and phone, with generally faster response times compared to Airtm.
Comparison of the US Account Provided by Airtm vs. Wise
Both Airtm and Wise offer users a US-based account, but they differ significantly in terms of features, fees, and flexibility. Below is a detailed comparison of how each platform provides access to a US account:
1. US Account in Airtm
How It Works?
- Airtm provides a virtual US account, which allows users to receive payments from US-based platforms like PayPal, Upwork, and Airbnb.
- This account is not a real bank account but rather a virtual balance that enables you to receive funds, convert them, and withdraw them using various methods.
Key Features:
✅ Receive Payments from US Platforms – Supports PayPal, Upwork, Airbnb, and other US-based sources.
✅ Multiple Withdrawal Methods – Convert funds into local currency or withdraw through Airtm’s P2P network.
✅ Crypto Support – Users can convert their received funds into cryptocurrencies.
Limitations:
❌ Not a Real Bank Account – You cannot use it like an actual US bank account for ACH transfers or direct deposits.
❌ Higher Fees – Since Airtm relies on P2P transactions for withdrawals, fees can vary based on demand.
❌ Limited Banking Features – No direct bank integrations for bill payments or wire transfers.
2. US Account in Wise
How It Works?
- Wise provides users with real US bank details, including:
- A routing number
- An account number
- The ability to receive ACH and wire transfers
- Unlike Airtm, Wise gives you an actual bank account equivalent that you can use for direct deposits, business transactions, and more.
Key Features:
✅ Real US Bank Account – Comes with valid US banking details, allowing you to receive payments like a US resident.
✅ Supports ACH & Wire Transfers – Enables seamless transactions with businesses and individuals in the US.
✅ Low & Transparent Fees – Unlike Airtm’s P2P model, Wise charges fixed, transparent fees for transfers and currency conversion.
✅ Direct Use with PayPal & Clients – Can be linked directly to PayPal, Stripe, and other payment services.
Limitations:
❌ Limited to Business & Freelancers – Wise accounts are primarily designed for personal or business transactions, not for trading or high-risk activities.
❌ No Crypto Support – Wise does not support cryptocurrency transactions, unlike Airtm.
Which Platform is Best for Freelancers Airtm vs Wise?
Both Airtm and Wise offer compelling features for freelancers and digital nomads. Airtm’s cryptocurrency integration and cashback rewards make it an attractive option for those who frequently deal with digital currencies. On the other hand, Wise’s low fees, real exchange rates, and seamless PayPal integration make it a strong contender for international money transfers.
Ultimately, the best platform for you will depend on your specific needs and preferences. If you prioritize low fees and real exchange rates, Wise may be the better choice. However, if you value cryptocurrency support and cashback rewards, Airtm could be the ideal solution.
Conclusion
In the dynamic world of online transactions, both Airtm and Wise offer robust solutions for freelancers and digital nomads. By understanding the key features and differences between these platforms, you can make an informed decision that best suits your financial needs in 2025.
For more insights on transferring money from PayPal to Wise, check out our detailed guide: PayPal to Wise: Best Transfer Methods for Freelancers (2025 Guide).
