As businesses and individuals navigate the complex landscape of international payments, many are reconsidering their options between Alipay Plus and Atlantic Money. This article aims to demystify these two payment solutions by explaining their core functionalities, comparing their pricing and features, and ultimately helping you determine which service best meets your needs.
A quick overview on Alipay Plus and Atlantic Money
What is Alipay Plus?
Alipay Plus is a cross-border digital payment solution developed by Ant International, a subsidiary of Ant Group. It integrates various mobile payment methods into a unified platform, allowing businesses to accept payments from multiple e-wallets and banking apps through a single interface.
Alipay Plus supports over 1.7 billion consumers and collaborates with 36 mobile payment providers, serving more than 100 million merchants in over 70 markets. This solution is particularly useful for businesses aiming to attract international customers who prefer using their native mobile payment apps, thereby expanding the merchant's customer base and increasing sales opportunities.
What is Atlantic Money?
Atlantic Money is a London-based financial technology company specializing in international money transfers. It offers a flat fee of £3 or €3 for transfers up to £1 million, providing significant cost savings compared to percentage-based fees charged by competitors.
Atlantic Money is used by individuals sending remittances to family members abroad and businesses making international payments to suppliers or partners. The service is also popular among freelancers receiving payments from clients in different countries.
Pricing of Alipay Plus and Atlantic Money
Alipay Plus does not publicly disclose its pricing or fee structure, making it difficult for businesses to gauge the exact costs involved. Companies interested in using Alipay Plus must contact the service directly to obtain detailed information on fees, which can vary based on the specific needs and transaction volumes of the business.
Atlantic Money, on the other hand, offers a transparent and straightforward pricing model. It charges a flat fee of £3 or €3 for transfers up to £1 million, regardless of the amount. This flat fee structure can result in significant cost savings, especially for large transactions, and ensures users benefit from live exchange rates without additional markups.
Atlantic Money has a more transparent and potentially cost-effective pricing model compared to Alipay Plus.
Features of Alipay Plus and Atlantic Money
Alipay Plus features
Alipay Plus offers a range of unique features that cater to both businesses and consumers, enhancing the overall payment experience:
- Unified Wallet Gateway: Allows businesses to accept payments from multiple e-wallets and banking apps through a single integration.
- AI-Native Technology: Utilizes artificial intelligence to streamline payment processes and enhance security.
- Online Auto Debit: Enables seamless automatic online payments, reducing the need for manual transactions.
- In-Store QR Payment: Facilitates offline QR code payments, making it easier for consumers to pay in physical stores.
- Payment Marketing: Offers tailored incentives and promotions to boost customer engagement and sales.
Atlantic Money features
Atlantic Money offers several unique features that cater to both individual and business users, ensuring a seamless and cost-effective international money transfer experience:
- Flat Fee Structure: Charges a flat fee of £3 or €3 for transfers up to £1 million, providing significant savings over percentage-based fees.
- Live Exchange Rates: Utilizes live institutional exchange rates without any markups, ensuring transparency and fairness in currency conversion.
- Direct Interbank Connections: Connects directly with interbank exchanges to offer the best available rates.
- Standard and Express Delivery Options: Offers both standard and instant delivery options to meet various user needs.
- FCA Authorization: Authorized by the FCA, ensuring that user funds are safeguarded with licensed institutions.
Comparing Alipay Plus, Atlantic Money and OneSafe
Why choose one over the other?
- Why Choose Alipay Plus: Alipay Plus is a cross-border digital payment solution developed by Ant International, a subsidiary of Ant Group. It aims to connect global merchants with consumers by integrating various mobile payment methods into a unified platform. This integration allows businesses to accept payments from multiple e-wallets and banking apps through a single interface, facilitating seamless transactions across different markets. Alipay Plus supports over 1.7 billion consumers, collaborates with 36 mobile payment providers, and serves more than 100 million merchants in over 70 markets. Alipay Plus functions as a comprehensive cross-border payment solution. It enables merchants to accept payments from a wide array of regional e-wallets and banking applications without the need for multiple integrations. By acting as a unified gateway, Alipay Plus simplifies the payment process for businesses and enhances the consumer experience by allowing users to pay with their preferred local payment methods when shopping internationally. Alipay Plus is particularly beneficial for businesses aiming to attract international customers who prefer using their native mobile payment apps. For instance, a retailer in Europe can accept payments from Asian tourists using their home country's e-wallets, thereby expanding the merchant's customer base and increasing sales opportunities. Key strengths of Alipay Plus include its extensive network of payment partners, ease of integration, and support for various currencies and languages. However, limitations may arise from regional regulatory requirements and the need for merchants to stay updated with compliance standards in different markets. Alipay Plus does not publicly disclose its pricing or fee structure on its official website. Businesses interested in integrating Alipay Plus into their payment systems are advised to contact the company directly to obtain detailed information regarding costs and fees associated with the service. As of the available information, there are no specific reviews or ratings for Alipay Plus on Trustpilot. Therefore, an overall sentiment analysis of user experiences for this particular service cannot be provided at this time.
- Why Choose Atlantic Money: Atlantic Money, founded in 2020 by former Robinhood employees Neeraj Baid and Patrick Kavanagh, is a London-based financial technology company specializing in international money transfers. The company offers a flat fee of £3 or €3 for transfers up to £1 million, providing significant cost savings compared to percentage-based fees charged by competitors. Additionally, Atlantic Money provides live exchange rates without markups, ensuring transparency and fairness in currency conversion. Atlantic Money is an international money transfer service that enables individuals and businesses to send funds across borders. It operates through a mobile application and a web platform, facilitating the transfer of currencies such as GBP, EUR, USD, and others directly to recipients' bank accounts. Use Cases, Key Strengths, and Limitations: Use Cases: Individuals sending remittances to family members abroad. Businesses making international payments to suppliers or partners. Freelancers receiving payments from clients in different countries. Key Strengths: Cost-Effectiveness: The flat fee structure is particularly advantageous for large transfers, offering substantial savings over percentage-based fee models. Transparency: Providing live exchange rates without additional markups ensures users receive fair and competitive rates. User-Friendly Platforms: The availability of both mobile and web applications caters to a wide range of user preferences. Limitations: Verification Process: Some users have reported delays due to stringent verification requirements, including the need for specific document formats. Flexibility Issues: Once a transfer is initiated, users may find it challenging to modify details, such as upgrading to faster delivery options. Customer Support: There have been instances of delayed responses from customer support, which can be problematic for time-sensitive transactions. Pricing and Fee Structure: Atlantic Money charges a flat fee of £3 or €3 for any transfer up to £1 million, regardless of the amount. This pricing model is designed to be up to 99% cheaper than other providers in the market, including Wise, PayPal, and Revolut. The company does not add any markup to the live exchange rates, ensuring that users receive the most competitive rates available. Overall Sentiment of Reviews: Atlantic Money has a Trustpilot rating of 3.7 out of 5, based on 151 reviews. Positive feedback highlights the service's cost-effectiveness, competitive exchange rates, and straightforward process. Users appreciate the substantial savings on large transfers and the simplicity of the platform. However, negative reviews point out issues such as delays due to verification processes, inflexibility in modifying transfer details, and slow customer support responses. Some users have also reported discrepancies between promised and actual transfer times, leading to frustration, especially for time-sensitive transactions.
Considering OneSafe vs Alipay Plus and Atlantic Money
- Why Choose OneSafe: OneSafe stands out with its seamless USD to USDC conversion on Polygon, enabling instant, borderless transactions crucial for Web3 companies. Unlike Alipay Plus and Atlantic Money, OneSafe offers end-to-end expense and payroll management, making it an optimal choice for businesses needing reliable, adaptive banking solutions in the digital asset space.
What are the customers saying?
Alipay Plus reviews
Users generally express dissatisfaction with Alipay Plus, citing issues such as difficulty in verification, poor customer service, and problems with refunds. Many reviews also mention concerns about scams and the complexity of the platform. Check out more Alipay Plus reviews here.
Atlantic Money reviews
Users generally express dissatisfaction with Atlantic Money, citing issues such as delays due to stringent verification processes, inflexibility in modifying transfer details, and slow customer support responses. Some users have also reported discrepancies between promised and actual transfer times, leading to frustration, especially for time-sensitive transactions. Check out more Atlantic Money reviews here.
OneSafe reviews
Users have consistently praised OneSafe for its exceptional customer support, ease of payroll processing, and the platform's ability to simplify complex banking tasks for Web3 companies. The seamless USD to USDC conversion on Polygon and end-to-end expense and payroll management are standout features that have garnered positive feedback from businesses operating in the digital asset space.
Notable reviews highlight the platform's reliability and responsiveness:
- “OneSafe has the best customer support I've ever experienced from a bank.” - Amit Chu, Investments @ Celo Foundation
- “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.” - Marco, CEO of Ensuro
Want to learn more? Check us out here.
Alipay Plus, Atlantic Money, or OneSafe: Which is the best platform for you?
In conclusion, while Alipay Plus and Atlantic Money offer robust solutions for international payments, OneSafe stands out with its seamless USD to USDC conversion on Polygon and comprehensive expense and payroll management. Each service has its unique strengths, but for businesses in the digital asset space, OneSafe provides a more tailored and efficient banking experience. We recommend OneSafe for its innovative features and exceptional customer support, making it the optimal choice for modern global businesses.
