SigmaRemote vs Wise — Simple Contractor Payouts vs General Business Banking
Wise offers transparent currency conversion and batch tools—but it’s built for banking, not contractor-first payouts. Discover why teams choose SigmaRemote for predictable USD wallet payouts, flat fees, and full control.
Side-by-Side on What Really Matters
Wise
No monthly fee; one-time setup fee (~$31) for international account details. Transaction fees start at 0.33% per send.
Uses mid-market rate with transparent markup; conversion fees from ~0.33% to 0.57% depending on currency pair.
Receiving USD wires cost $6.11 USD; GBP SWIFT is £2.16; EUR SWIFT is €2.39.
Domestic and batch transfers vary widely; can take hours or days depending on route.
Multi currency balances (40+ currencies), but no contractor wallet flow—funds move instantly on send.
Setup is built for businesses—not contractors. Unlocking USD access costs ~$31
Support via app and dashboard; limited contractor-focused tooling. High transparency, but not designed for payroll/customer payouts.
Sigma
$18/month per active contractor — reduced rates for teams of 20+
0% FX with USD wallets; ~1% FX only if converting to local currency
$0 with USD wallet (no forced conversions)
1-2 business days, or instant with USDC. Optimized infrastructure
Contractors hold USD wallet, choose when and how to convert
<15 min mobile onboarding
Fast, human‑first support optimized for contractor payouts
Can I customize the categories for my expenses and income?
Are there any hidden fees in your pricing plans?
How secure is my financial data within the platform?
160+ countries
To hire from.
Incorporated outside of the U.S.?
International companies can also use Sigma. Book a demo to learn more.
Analytics and Reporting
