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.
4.8
325k Satisfied Customers
4.8
325k Satisfied Customers
Comparison Table
Feature
Feature
Feature
Wise
Wise
Wise
Wise
Sigma
Sigma
Sigma
Sigma
Pricing
Pricing
Pricing
Pricing
❌ No monthly fee; one-time setup fee (~$31) for international account details. Transaction fees start at 0.33% per send.
❌ No monthly fee; one-time setup fee (~$31) for international account details. Transaction fees start at 0.33% per send.
❌ No monthly fee; one-time setup fee (~$31) for international account details. Transaction fees start at 0.33% per send.
❌ No monthly fee; one-time setup fee (~$31) for international account details. Transaction fees start at 0.33% per send.
✅ Flat $10 per payment, no variable add-ons
✅ Flat $10 per payment, no variable add-ons
✅ Flat $10 per payment, no variable add-ons
✅ Flat $10 per payment, no variable add-ons
FX Fees
FX Fees
FX Fees
FX Fees
⚠️ Uses mid-market rate with transparent markup; conversion fees from ~0.33% to 0.57% depending on currency pair.
⚠️ Uses mid-market rate with transparent markup; conversion fees from ~0.33% to 0.57% depending on currency pair.
⚠️ Uses mid-market rate with transparent markup; conversion fees from ~0.33% to 0.57% depending on currency pair.
⚠️ Uses mid-market rate with transparent markup; conversion fees from ~0.33% to 0.57% depending on currency pair.
✅ 0% FX with USD wallets; ~1% FX only if converting to local currency
✅ 0% FX with USD wallets; ~1% FX only if converting to local currency
✅ 0% FX with USD wallets; ~1% FX only if converting to local currency
✅ 0% FX with USD wallets; ~1% FX only if converting to local currency
Withdrawal Fees
Withdrawal Fees
Withdrawal Fees
Withdrawal Fees
❌ Receiving USD wires cost $6.11 USD; GBP SWIFT is £2.16; EUR SWIFT is €2.39.
❌ Receiving USD wires cost $6.11 USD; GBP SWIFT is £2.16; EUR SWIFT is €2.39.
❌ Receiving USD wires cost $6.11 USD; GBP SWIFT is £2.16; EUR SWIFT is €2.39.
❌ Receiving USD wires cost $6.11 USD; GBP SWIFT is £2.16; EUR SWIFT is €2.39.
✅ $0 with USD wallet (no forced conversions)
✅ $0 with USD wallet (no forced conversions)
✅ $0 with USD wallet (no forced conversions)
✅ $0 with USD wallet (no forced conversions)
Payment Speed
Payment Speed
Payment Speed
Payment Speed
❌ Domestic and batch transfers vary widely; can take hours or days depending on route.
❌ Domestic and batch transfers vary widely; can take hours or days depending on route.
❌ Domestic and batch transfers vary widely; can take hours or days depending on route.
❌ Domestic and batch transfers vary widely; can take hours or days depending on route.
✅ 1-2 business days, or instant with USDC. Optimized infrastructure
✅ 1-2 business days, or instant with USDC. Optimized infrastructure
✅ 1-2 business days, or instant with USDC. Optimized infrastructure
✅ 1-2 business days, or instant with USDC. Optimized infrastructure
Contractor Experience
Contractor Experience
Contractor Experience
Contractor Experience
❌ Multi currency balances (40+ currencies), but no contractor wallet flow—funds move instantly on send.
✅ Contractors hold USD wallet, choose when and how to convert
✅ Contractors hold USD wallet, choose when and how to convert
✅ Contractors hold USD wallet, choose when and how to convert
✅ Contractors hold USD wallet, choose when and how to convert
Onboarding Process
Onboarding Process
Onboarding Process
Onboarding Process
⚠️ Setup is built for businesses—not contractors. Unlocking USD access costs ~$31
⚠️ Setup is built for businesses—not contractors. Unlocking USD access costs ~$31
⚠️ Setup is built for businesses—not contractors. Unlocking USD access costs ~$31
⚠️ Setup is built for businesses—not contractors. Unlocking USD access costs ~$31
✅ <15 min mobile onboarding
✅ <15 min mobile onboarding
✅ <15 min mobile onboarding
✅ <15 min mobile onboarding
Customer Support
Customer Support
Customer Support
Customer Support
⚠️ Support via app and dashboard; limited contractor-focused tooling. High transparency, but not designed for payroll/customer payouts.
⚠️ Support via app and dashboard; limited contractor-focused tooling. High transparency, but not designed for payroll/customer payouts.
⚠️ Support via app and dashboard; limited contractor-focused tooling. High transparency, but not designed for payroll/customer payouts.
⚠️ Support via app and dashboard; limited contractor-focused tooling. High transparency, but not designed for payroll/customer payouts.
✅ Human-first support focused on contractor payout workflows
✅ Human-first support focused on contractor payout workflows
✅ Human-first support focused on contractor payout workflows
✅ Human-first support focused on contractor payout workflows
Pain Points with Wise
Pain Points with Wise
Pain Points with Wise
Built as a global business bank—not a contractor payouts tool
Built as a global business bank—not a contractor payouts tool
Built as a global business bank—not a contractor payouts tool
Setup costs for international accounts: A one-time onboarding charge (~$31) applies before accessing account details in up to 23 currencies.
Setup costs for international accounts: A one-time onboarding charge (~$31) applies before accessing account details in up to 23 currencies.
Variable fees per transfer: International transfers incur fees starting from ~0.33–0.57% depending on currency.
Variable fees per transfer: International transfers incur fees starting from ~0.33–0.57% depending on currency.
Contractor fees on receiving wire transfers: USD SWIFT payments cost $6.11 per transaction; similar fixed fees apply for GBP/EUR.
Contractor fees on receiving wire transfers: USD SWIFT payments cost $6.11 per transaction; similar fixed fees apply for GBP/EUR.
Slow payouts via bank rails: Batch payouts and international transfers vary significantly in timing—can stretch to multiple days.
Slow payouts via bank rails: Batch payouts and international transfers vary significantly in timing—can stretch to multiple days.
Not contractor-first experience: No independent contractor setup or wallet—payouts controlled by sender, not by recipient.
Not contractor-first experience: No independent contractor setup or wallet—payouts controlled by sender, not by recipient.
Support is platform-first, not payout-first: Wise is designed for banking operations, not global payroll customer support.
Support is platform-first, not payout-first: Wise is designed for banking operations, not global payroll customer support.
Setup costs for international accounts: A one-time onboarding charge (~$31) applies before accessing account details in up to 23 currencies.
Variable fees per transfer: International transfers incur fees starting from ~0.33–0.57% depending on currency.
Contractor fees on receiving wire transfers: USD SWIFT payments cost $6.11 per transaction; similar fixed fees apply for GBP/EUR.
Slow payouts via bank rails: Batch payouts and international transfers vary significantly in timing—can stretch to multiple days.
Not contractor-first experience: No independent contractor setup or wallet—payouts controlled by sender, not by recipient.
Support is platform-first, not payout-first: Wise is designed for banking operations, not global payroll customer support.
Setup costs for international accounts: A one-time onboarding charge (~$31) applies before accessing account details in up to 23 currencies.
Variable fees per transfer: International transfers incur fees starting from ~0.33–0.57% depending on currency.
Contractor fees on receiving wire transfers: USD SWIFT payments cost $6.11 per transaction; similar fixed fees apply for GBP/EUR.
Slow payouts via bank rails: Batch payouts and international transfers vary significantly in timing—can stretch to multiple days.
Not contractor-first experience: No independent contractor setup or wallet—payouts controlled by sender, not by recipient.
Support is platform-first, not payout-first: Wise is designed for banking operations, not global payroll customer support.
Why SigmaRemote Wins
Why SigmaRemote Wins
Why SigmaRemote Wins
A better approach for paying international contractors:
A better approach for paying international contractors:
A better approach for paying international contractors:
Flat Fees, No Surprises: Just $10 per payment. 0% FX when paying to USD wallets. Only ~1% FX if the contractor chooses to convert to local currency.
Flat Fees, No Surprises: Just $10 per payment. 0% FX when paying to USD wallets. Only ~1% FX if the contractor chooses to convert to local currency.
USD Wallets Built In: Contractors keep 100% of what you send — no forced conversion.
USD Wallets Built In: Contractors keep 100% of what you send — no forced conversion.
Faster Payouts, Globally: 1–2 business day transfers or instant stablecoin delivery via USDC/USDT.
Faster Payouts, Globally: 1–2 business day transfers or instant stablecoin delivery via USDC/USDT.
Better for LATAM, Africa, Asia: Mobile-first onboarding, crypto-native infrastructure, and wallet support.
Better for LATAM, Africa, Asia: Mobile-first onboarding, crypto-native infrastructure, and wallet support.
No Shutdown Surprises: Real human support helps your team stay paid — fast.
No Shutdown Surprises: Real human support helps your team stay paid — fast.
Flat Fees, No Surprises: Just $10 per payment. 0% FX when paying to USD wallets. Only ~1% FX if the contractor chooses to convert to local currency.
USD Wallets Built In: Contractors keep 100% of what you send — no forced conversion.
Faster Payouts, Globally: 1–2 business day transfers or instant stablecoin delivery via USDC/USDT.
Better for LATAM, Africa, Asia: Mobile-first onboarding, crypto-native infrastructure, and wallet support.
No Shutdown Surprises: Real human support helps your team stay paid — fast.
Flat Fees, No Surprises: Just $10 per payment. 0% FX when paying to USD wallets. Only ~1% FX if the contractor chooses to convert to local currency.
USD Wallets Built In: Contractors keep 100% of what you send — no forced conversion.
Faster Payouts, Globally: 1–2 business day transfers or instant stablecoin delivery via USDC/USDT.
Better for LATAM, Africa, Asia: Mobile-first onboarding, crypto-native infrastructure, and wallet support.
No Shutdown Surprises: Real human support helps your team stay paid — fast.
See Common Question and Answer
See Common Question and Answer
See Common Question and Answer
What sets Sigma apart from other payroll platforms?
Unlike existing payroll services, Sigma is designed with the worker in mind. We provide unique financial tools, such as USD savings wallets and flexible payment options, ensuring that contractors not only get paid but also have the resources to thrive, empowering you to attract and retain the talent that drives your company's success.
How does Sigma ensure that workers receive local-like benefits?
Is it easy to switch to Sigma?
What sets Sigma apart from other payroll platforms?
Unlike existing payroll services, Sigma is designed with the worker in mind. We provide unique financial tools, such as USD savings wallets and flexible payment options, ensuring that contractors not only get paid but also have the resources to thrive, empowering you to attract and retain the talent that drives your company's success.
How does Sigma ensure that workers receive local-like benefits?
Is it easy to switch to Sigma?
What sets Sigma apart from other payroll platforms?
Unlike existing payroll services, Sigma is designed with the worker in mind. We provide unique financial tools, such as USD savings wallets and flexible payment options, ensuring that contractors not only get paid but also have the resources to thrive, empowering you to attract and retain the talent that drives your company's success.
How does Sigma ensure that workers receive local-like benefits?
Is it easy to switch to Sigma?
What sets Sigma apart from other payroll platforms?
Unlike existing payroll services, Sigma is designed with the worker in mind. We provide unique financial tools, such as USD savings wallets and flexible payment options, ensuring that contractors not only get paid but also have the resources to thrive, empowering you to attract and retain the talent that drives your company's success.
How does Sigma ensure that workers receive local-like benefits?
Is it easy to switch to Sigma?
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?
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?
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?
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?
A management platform to help you succeed
A management platform to help you succeed
A management platform to help you succeed
Simplify your workforce's time management with our intuitive HR Management.
Simplify your workforce's time management with our intuitive HR Management.
Simplify your workforce's time management with our intuitive HR Management.
160+ countries
Argentina
Guinea
Scotland
Ecuador
Argentina
Guinea
Scotland
Ecuador
Argentina
Guinea
Scotland
Ecuador
Argentina
Guinea
Scotland
Ecuador
Europe
Brazil
Romania
Vietnam
Europe
Brazil
Romania
Vietnam
Europe
Brazil
Romania
Vietnam
Europe
Brazil
Romania
Vietnam
Canada
Belgium
Paraguay
Argentina
Canada
Belgium
Paraguay
Argentina
Canada
Belgium
Paraguay
Argentina
Canada
Belgium
Paraguay
Argentina
Myanmar
Cayman
Qatar
Honduras
Myanmar
Cayman
Qatar
Honduras
Myanmar
Cayman
Qatar
Honduras
Myanmar
Cayman
Qatar
Honduras
Putting our customers at the heart of everything we do, we strive.
12M secured users
Putting our customers at the heart of everything we do, we strive.
Analytics and Reporting
Grow Your Team, Grow Your Business
Grow Your Team, Grow Your Business
Grow Your Team, Grow Your Business
Streamline HR processes and empower your team with our products. Facilitate manage employee data, and more in one platform.
Streamline HR processes and empower your team with our products. Facilitate manage employee data, and more in one platform.
Streamline HR processes and empower your team with our products. Facilitate manage employee data, and more in one platform.
The payroll platform for businesses powered by global emerging talent.
© 2025 SigmaRemote. All rights reserved.
🏢 Company
🏢 Why Remote Teams choose us
🏢 Why Gig Platforms choose us
📚 Resources
The payroll platform for businesses powered by global emerging talent.
© 2025 SigmaRemote. All rights reserved.
🏢 Company
🏢 Why Remote Teams choose us
🏢 Why Gig Platforms choose us
📚 Resources
🛡 Trust
The payroll platform for businesses powered by global emerging talent.
© 2025 SigmaRemote. All rights reserved.
🏢 Company
🏢 Why Remote Teams choose us
🏢 Why Gig Platforms choose us
📚 Resources
🛡 Trust
The payroll platform for businesses powered by global emerging talent.
© 2025 SigmaRemote. All rights reserved.
🏢 Company
🏢 Why Remote Teams choose us
🏢 Why Gig Platforms choose us
📚 Resources