Wise Business launches cashback
Wise Business, the business account for going global, has today launched cashback for its customers. The feature will reward business customers with 1% cashback on their card transactions*.
The feature is available to all UK-registered businesses and allows them to earn cashback when making card payments across the world.
No matter if a business is buying paper from Scranton, sourcing Christmas stock from Stockholm or paying for chilli crab on a business trip to Singapore, each transaction comes with cashback.
All current UK-registered Wise Business card holders are automatically registered with the new feature, with cashback paid at the start of each month.
While the feature is currently only available to UK-based businesses, Wise plans to bring to it more countries in the near future.
Clara Nobre, head of Wise Business, said: “Small and medium-sized businesses face a tough business environment, so we want to help where we can. Giving businesses cashback on their spending is just one way we can do this.
“We’ll continue to do all we can to give businesses the international banking services they deserve, from providing features like cashback to building a world where money can move without borders.”
Wise Business is Wise’s service for small and medium-sized businesses, and aims to help solve their international banking needs – with these businesses long neglected by big banks and offered slow, expensive services.
Today, Wise Business has more than 300,000 active customers.
- Cash or cash-like transactions, like ATM withdrawals or gift voucher purchases
- Gambling transactions, including bookmakers and casinos
- Payments to financial institutions (like a credit card provider)
- Payments connected to commodities, investments, savings or cryptoassets
- Payments to government bodies or tax authorities