Wise vs PayPal

wise new logo skrill logo
Availability 65 countries 202 countries
Currencies 24 different currencies to send money
53 different currencies to receive money
24 different currencies
Deposit options: Manual Bank Transfer (Free)
Trustly (Free)
iDEAL (Free)Credit Cards (fee 0.18 €)
Debit cards (fee 0.18 €)Sofort (fee 0.06 €)
Manual Bank Transfer or Trustly, different hidden fees for different countries and methods.
Withdrawing options: Wise card (200 GBD or 205 USD free for  every 30-day period, 2% over that) Send money to your Bank account. Paypal has many hidden and unclear fees for different countries and withdrawal methods.
Money Transfer/P2P transactions From one TansferWise borderless account to another (Free).

From borderless account to a bank account (Fixed fee depending on currency)

Free, when money comes from Paypal balance.3.4% + €0.35 EUR, when the money comes from a debit or credit card, the sender decides who pays this fee. And even higher for some countries.
Receive Funds via P2P transactions Free 3.4% + $0.30 USD (US)3.9% + $0.30 EUR(Outside US)
Paying at a shop or transferring funds with any merchant You can pay with Wise Mastercard that has low conversion fees and zero transaction fees. Free
Currency Conversion Real exchange rate, no hidden fees around 3,5% (depending on currency)