Peanut vs Wise: compare QR payments and transfers
Compare Wise account options with Peanut’s supported merchant QR flow.
Wise uses the mid-market exchange rate and shows a separate fee that varies by amount, currency and funding method. It also documents Pix QR for customers with a Brazil address and BRL currency. Peanut offers supported merchant QR in Argentina and Brazil through a different verification and quote flow.
Quick comparison
| Feature | Peanut | Wise |
|---|---|---|
| Main action | Pay a supported Mercado Pago or Pix merchant QR after verification | Use a Wise transfer, account feature or eligible Brazil Pix QR |
| How price is shown | All-in quote shown before confirmation; outside funding costs can apply | Mid-market rate plus the fee quoted for the exact action |
| Local payment scope | Passport-based QR access; local ARS/BRL bank rails have separate rules | Pix QR requires a Brazil address and BRL |
| Account details to get paid | USD, EUR, GBP, MXN or COP details for verified users in most countries. Who can pay in depends on the currency: another person can pay USD under $4,000 per payment; EUR, GBP and COP take only your own account or a business | Check the account details Wise offers in your country |
The widget is an indicative Peanut quote. The final quote appears in the app before confirmation. Wise facts were checked on 22 September 2026; features and prices can change.
Compare the final quote
Wise separates its mid-market exchange rate from the fee shown for the transfer or conversion. Peanut shows one all-in dollar cost for the selected supported merchant QR. Compare the same purchase, source currency, funding method and time. A rate label alone does not establish which final quote is lower.
Skip foreign card transaction fees. Pay by QR with Peanut when your card would charge one. Card fees and exchange rates vary.
Costs to check
Wise’s fee varies with the amount, currency and funding method; use the current quote. Peanut’s merchant QR conversion is included in its all-in quote, while a bank or wallet used to fund Peanut can add its own cost. Neither structure should be reduced to a universal percentage.
Local payment access
Wise offers Pix QR to customers whose address is in Brazil and who use BRL. That eligibility is narrower than Peanut’s passport-based supported merchant QR flow. Wise’s published guidance does not describe direct Mercado Pago merchant QR, so check the options in your account. Peanut QR does not require a local bank account; separate ARS and BRL bank rails require residence, local tax ID and an eligible own account.
Where Wise wins
- You need Wise’s supported account and international transfer options.
- Your Wise account has a Brazil address and uses BRL for its Pix QR flow.
- You prefer a mid-market rate shown separately from the quoted fee.
Which should you choose?
Choose Peanut for its supported merchant QR flow and an all-in in-app quote. Choose Wise for its account and transfer features, or its Pix QR flow when your Brazil account qualifies. Use both if their distinct routes match different jobs.
FAQ
Is Peanut cheaper than Wise?
Not automatically. Compare the same action, amount, funding currency and final outcome using current quotes. Peanut shows an all-in merchant QR quote; Wise uses the structure described above.
Can Wise pay with Mercado Pago or Pix?
Wise offers Pix QR when the account has a Brazil address and uses BRL. Its published guidance does not describe direct Mercado Pago QR, so check the options in your account.
Is Peanut available in my country?
The Peanut app is open to anyone in a non-restricted country, while local rails depend on verified residence and account eligibility. Supported merchant QR is live in Argentina and Brazil after verification.
How do I move from Wise to Peanut?
You do not need to leave Wise. Download the Peanut app and create an account there, complete verification for merchant QR, fund through an eligible route and compare its final quote with Wise for the same action.