Wise and PayPal both compete in payments, but they optimise for different things — broadly, transparent FX pricing vs ubiquity. Here is how to decide.
Where Wise is stronger
Wise is multi-currency business accounts with low-cost FX. Choose it when that specific strength matches your primary need and you want a tool shaped around it.
Where PayPal is stronger
PayPal approaches the problem from the other side of the trade-off (transparent FX pricing vs ubiquity). Teams that sit on that side of the fence tend to be happier there.
How to decide
List your top three requirements before comparing feature pages. Most regret in tool choice comes from buying for edge cases. If you are still unsure, both offer low-risk ways to trial — start with the one whose core strength matches requirement number one.
Related: Best Wise alternatives.