Ivan from our community suggests freelancers use Revolut. Similar to Wise, it allows you to send money internationally. It has no fees for transfers to other Revolut members, and it allows you 10 non-USD international transactions per month free of charge. You can hold multiple currencies in your account and can exchange currency free of charge up to £1000 per month, after which it will charge 0.5% on the amount you make in a cross-currency transfer. Bear in mind you will get charged extra for exchanges outside of Exchange hours.
You can see their fee breakdown on their website
There are many other similar services out there, but they all have one thing in common: you need to make a choice based on your own requirements. The frequency of payments, the amount you'll be receiving and the currencies and countries involved all have an impact on the fees and regulations. What may work for one freelance business owner may not be the best for another.
Have you used any of these tools? Would you like to share your feedback? Or would you recommend any other solutions? Join our Slack
community to contribute to the conversation.