Wise vs Placid - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Wise and Placid have emerged as leading choices. Both Wise and Placid online platforms offer efficient and cost-effective and secure international money transfers from Wise and Placid.

We compare Wise vs Placid into the unique features and benefits that distinguish Wise vs Placid, empowering you to make an informed decision based on your specific transfer needs like Wise vs Placid fees, currencies available, available payment methods on Wise compared to Placid, support options offered by Wise vs Placid, speed and more.

Wise vs Placid: Quick Feature Comparison

  1. Visit Wise alternative Wise Visit Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  2. Visit Wise alternative Placid Visit Placid

    Used By: 500000
    Currencies Available: 10
    Transfer Fees: none
    Payment Methods: debit ard, credit card, placid express
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 2900 USD/day, 7000 USD/month, 20000 USD/3 months
    Year Founded: 1895

Wise vs Placid: Pros and Cons

Wise vs Placid
Advantages

Wise Advantages Placid Advantages
  • Wise has been serving clients for over 13 years
  • Wise is well rated among clients.
  • Wise is available internationally.
  • Wise has multiple currency options.
  • Wise provides phone customer support.
  • Wise provides email customer support.
  • Wise is available to iOS Apple device users.
  • Wise is available to Android mobile device users.
  • Placid has been in operation for over 129 years.
  • Placid boasts a high rating for sending money.
  • Placid operates in numerous international countries.
  • Placid offers an extensive range of currency options for money transfers.
  • Placid provides phone support.
  • Placid offers registered customers email support.
  • Placid has a Apple iOS app on Apple app store.
  • Placid offers a Android Google Play Store mobile app.

Wise vs Placid
Disadvantages

Wise Disadvantages Placid Disadvantages
  • Wise has no PayPal support.
  • Wise has no Neteller payments support.
  • Wise has no Skrill payment support.
  • Wise does have a mobile digital wallet like some others.
  • No home delivery with Wise.
  • No cash pickups with Wise.
  • No money order support with Wise.
  • No live chat support with Wise.
  • Placid has no PayPal option.
  • Placid has no Neteller option.
  • Placid has no Skrill option.
  • No digital wallets with Placid.
  • No Placid home delivery.
  • No Placid Cash pickups.
  • No Placid money order option.
  • No Placid Livechat.

Wise vs Placid Fees and Other Costs

Fee type Wise Fees Placid Fees
Transfer Fees 0.5%-1% none
Min Transfer US$1.00 none
Max Transfer US$1,000,000 (varies based on currency) 2900 USD/day, 7000 USD/month, 20000 USD/3 months
Payment Methods Bank transfer, debit card, credit card, SOFORT transfer debit ard, credit card, placid express
Currencies AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW BDT, INR, IDR, NPR, PKR, LKR, PHP, VND, EUR, FIM

Wise vs Placid Restricted Countries

Wise Country Restrictions

North Korea

Placid Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Wise vs Placid Transfer Speeds

Transfer Speed Wise Placid
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Wise vs Placid Languages

Wise Supported Languages

English, French, German, Hungarian, Japanese, Polish, Portugese, Romanian, Russian, Spanish, Turkish

Placid Supported Languages

Wise vs Placid Verdict - Which is better?

Which is best out of Wise and Placid depends on your needs.

  • Wise vs Placid Transfer Fees: Transferring money with Wise costs 0.5%-1% while Placid charges none.
  • Wise vs Placid Supported Currencies: Wise deals in over 1, where as Placid offers transactions in 1.
  • Wise vs Placid Payment Methods: Wise accepts Bank transfer, debit card, credit card, SOFORT transfer, while Placid allows transactions via debit ard, credit card, placid express.
  • Wise vs Placid Transfer Limits: Wise allows transfers between US$1.00 and US$1,000,000 (varies based on currency). Placid's range is none to 2900 USD/day, 7000 USD/month, 20000 USD/3 months.
  • Wise vs Placid Minimum Age for Account Creation: Wise requires users to be at least 18 years old, where as Placid has a minimum age requirement of 18.
  • Contact Number: You can reach Wise at 44 20 7033 0296 and Placid at 1-718-392-3500.
  • Wise vs Placid Countries of Operation: Wise operates in over 1 countries but has restrictions in over 1 countries. Placid serves 1 countries and restricts operations in 1 countries.
  • Wise vs Placid Client Base: Wise is used by 11,000,000, where as Placid serves 500,000.
  • Wise vs Placid Year Founded: Wise was established in 2011 and Placid began its operations in 1895.
  • Wise vs Placid Customer Rating: Wise holds a rating of 4, in contrast, Placid has a rating of 3.
  • Wise vs Placid Headquarters: Wise has its headquarters at London, UK, while Placid is based at New York, US.
  • Wise vs Placid Employee Count: Wise employs 2,243 individuals, where as Placid has a team of 250.
  • Wise vs Placid Estimated Annual Turnover: Wise turnover stands at 27000000, while Placid boasts a turnover of 20,000,000 USD.
  • Wise vs Placid Founder: Wise was founded by Venkatesh Saha, holding the position of CEO. On the other hand, Placid was the brainchild of Marcy Miller,, currently holding the position of CEO.
  • Wise vs Placid Supported Languages: Wise offers support in over 1 languages. Placid communicates in 1.

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Wise vs Placid Alternatives Guides

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Screenshots

Wise Screenshot

Wise Screenshot

Placid Screenshot

Wise Screenshot