While Multipass provides businesses with multi-currency accounts and global payment services, its specific fee structure may lead some to look for other solutions. This article will break down what Multipass is, explore the reasons a company might consider an alternative, and present other options available depending on your business needs.
What is Multipass?
Multipass is a UK-based financial technology company offering businesses multi-currency accounts, global payment services, and corporate cards. The platform allows companies to manage over 70 currencies with features like dedicated relationship managers and local accounts in the UK, Europe, and the USA.
The company has a transparent pricing structure with fees for onboarding, maintenance, and specific transactions. With a high Trustpilot rating, customers praise its reliability, user-friendly interface, and responsive support.
What to Consider When Selecting a Multipass Alternative?
When searching for a Multipass alternative, it's important to evaluate several key factors to find the right fit for your company's specific operations:
- Fee Structure:Analyze the platform's full range of costs, including onboarding, monthly maintenance, and transaction fees, to understand the total financial commitment.
- Currency and Digital Asset Support:Determine if the service handles the specific fiat currencies and digital assets, like stablecoins, that are central to your business transactions.
- Target Business Niche:Consider whether the platform is a general-purpose tool or specializes in a particular sector, such as Web3, which might offer more tailored features.
- Integration Capabilities:Evaluate how well the platform integrates with your existing accounting, payroll, or ERP systems to streamline financial workflows.
- Customer Support Model:Assess the quality and accessibility of customer support, as responsive service is vital for managing complex financial operations.
If these considerations align with your priorities, the next section details several alternatives that may better suit your business needs.
10 Best Alternatives to Multipass
1. OneSafe
As a finance platform, OneSafe is designed to modernize banking processes for businesses, especially those in the Web3 and crypto industries. Our platform offers the necessary tools for managing funds, making fast payments, and accessing both fiat and digital currencies.
We enable a direct 1:1 conversion from USD to USDC on Polygon, which simplifies payroll and expense management for global teams. Clients benefit from our streamlined onboarding, frictionless transfers, and responsive customer support tailored for the digital asset space.
Pricing
Here's a look at our straightforward pricing structure:
- Free Account Basics: We provide free account opening, maintenance, and card issuance, with no monthly subscription or minimum balance needed.
- Low-Cost Domestic Transfers: Our fees are simple: 0.1% for US domestic ACH and standard wires, or a flat $25 for Fedwire transfers.
- Competitive International Payments: Manage global finances with a 0.2% fee for SEPA payments. International wires are 0.2% plus a standard $50 SWIFT fee.
- Transparent Crypto Fees: Handle digital assets with a 0.1% fee on USDT transactions. Fiat-to-crypto conversions are included at market rates with no hidden charges.
- Flexible Card Spending: Use your corporate card globally with a 3% foreign exchange fee on non-USD spending.
Reviews
Clients consistently praise our platform for its exceptional customer support and ability to solve complex financial challenges, especially for businesses in the Web3 space. Users find our platform to be a game-changer that simplifies operations like payroll and expense management.
- “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.
2. Axos Bank
Originally established as Bank of Internet USA in 2000, Axos Bank is a digital financial institution headquartered in San Diego, California. The bank provides a range of services including personal and business banking, loans, and various investment solutions.
Axos Bank offers competitive interest rates and low-to-no-fee structures on many of its accounts. It also provides access to funds through a large network of ATMs.
Pricing
Here's their pricing at a glance:
- No Monthly Fee Basic Business Checking: This account has no monthly maintenance fees, unlimited fee-free transactions, and free incoming wires. Cash deposits can be made via Allpoint and MoneyPass ATMs.
- $10 Monthly Fee Business Interest Checking: This fee is waived with an average daily balance of at least $5,000. It offers 1.01% APY on balances up to $49,999.99.
- No Monthly Fee Business Premium Savings: This account has no monthly maintenance fees and offers a 3.80% APY.
- Unlisted Fees: Axos Bank does not publicly list prices for all services, and some accounts may require specific balance thresholds to waive fees.
Reviews
User reviews for Axos Bank are mixed, with some customers citing issues related to the mobile app's performance and account restrictions. Check out more Axos Bank reviews here.
3. Moss
Moss is a technology-enabled financial management platform designed to help companies control their spending. It provides tools for expense tracking, invoice processing, and accounting automation.
The platform offers corporate credit cards with customizable spending limits and automates invoice management for payments in over 70 currencies. It also provides digitized employee reimbursement workflows and integrates with various accounting systems for pre-accounting tasks.
Pricing
Moss uses a modular pricing model with a base package and optional add-ons for features like advanced accounting and procurement. Specific pricing details are not publicly available, and companies must contact Moss for a personalized quote.
Reviews
General user feedback touches on the platform's design and the customer support experience. Some reviews indicate that certain features could be more flexible and that support response times can vary. Check out more Moss reviews here.
4. VIALET
VIALET is a Lithuanian Electronic Money Institution (EMI) founded in 2017 that provides digital banking services for small and medium-sized enterprises (SMEs). The company offers dedicated International Bank Account Numbers (IBANs) for SEPA, SEPA Instant, and SWIFT transactions, along with corporate card processing solutions.
The platform supports various transaction types, including C2B, B2B, and B2C, and offers banking APIs, mass payouts, and third-party integrations for global SMEs. It also accepts payments to and from cryptocurrency processors and provides accounts for EU-licensed crypto exchanges.
Pricing
VIALET does not publicly list its pricing details. Businesses must submit an application to receive an initial price list, with final fees determined after a review process.
Reviews
User feedback often points to issues with customer service, citing unprofessional behavior, slow response times, and difficulties with the account opening process due to excessive information requests. Check out more VIALET reviews here.
5. Payhawk
Payhawk is a spend management platform that combines corporate cards, expense management, and accounts payable into one system. This integration provides businesses with visibility and control over company spending through real-time tracking and reporting.
The platform offers multi-currency Visa cards, automated receipt collection, and AI-powered data extraction in over 65 languages. It also supports multi-entity management for businesses with multiple subsidiaries and connects with various accounting systems.
Pricing
Payhawk does not publicly disclose its pricing structure. Potential customers must schedule a personalized demo to receive pricing information tailored to their business requirements.
Reviews
User feedback indicates some challenges with the initial setup process and a need for clearer explanations within certain administrative settings. Some reviewers also mention issues with mobile app synchronization and occasional delays in transaction updates. Check out more Payhawk reviews here.
6. Niural
Niural is an AI-powered global Professional Employer Organization (PEO) and B2B payments platform that operates in the United States and over 150 countries. The company offers a range of services, including domestic and international payroll, PEO functions, benefits administration, and compliance management.
By using artificial intelligence, Niural automates various HR and payroll tasks to assist with local labor law compliance. This automation facilitates payroll processing for businesses managing workforces of different sizes.
Pricing
Here's their pricing at a glance:
- $100/month + $20/employee US Payroll Basic: This plan covers standard payroll services. A Plus plan is available at a higher rate for multi-state payroll and additional features.
- $120/employee/month US PEO Basic: This plan offers HR and compliance support. A Plus plan is available at a higher rate and includes benefits like mental health resources and insurance options.
- Starts at $599/employee/month Employer of Record: This pricing is for international services, and customized quotes are available.
- Free Trial HR Platform: A free trial is available for the HR platform, allowing businesses to explore its features before committing.
Reviews
User reviews for Niural often comment on the platform's handling of HR and payroll tasks and its user interface, though some feedback points to the complexity of navigating its features and occasional delays in support responses. Check out more Niural reviews here.
7. Ampere
Ampere is a UK-based financial services provider that offers an all-in-one business current account designed for startups and small to medium-sized enterprises. The platform includes multi-currency accounts and the ability to create invoices directly from the bank account.
The company also provides business loans and commercial mortgages with adaptable plans, as well as merchant accounts with acquiring fees starting from 0.65%. It facilitates currency exchange for GBP and EUR at a rate of 0.35%.
Pricing
Here's their pricing at a glance:
- £35 Setup + £20/month Business Account: The setup fee for UK residents covers the first month's maintenance and card issuance.
- £25 Setup + £10/month Private Account: This setup fee includes the first month's maintenance and card issuance.
- Free to £25 Transfers: Local GBP and EUR transfers are free, while international SWIFT transfers have a £25 fee.
- Variable Card and Exchange Fees: Currency exchange for GBP and EUR is 0.35%. ATM withdrawals incur a 2% fee plus £1.50 per transaction.
- From IC++0.35% Merchant Services: Setup is free, with acquiring fees starting at IC++0.35% for low-risk and IC++0.95% for medium-risk merchants.
Reviews
User feedback indicates a desire for more advanced business features and additional currency options. Some reviews also point to challenges with customer service response times and delays in transaction processing. Check out more Ampere reviews here.
8. Brex
Founded in 2017, Brex is a financial technology company that offers a suite of services including corporate credit cards, expense management, and business accounts. These services are integrated into a single platform designed for startups, mid-sized companies, and global enterprises.
The platform incorporates AI-powered custom rules, real-time reporting, and integrations with accounting software. These functionalities are intended to provide businesses with greater control and efficiency in their financial operations.
Pricing
Here's their pricing at a glance:
- Free Essentials: This plan is for startups and growing companies and includes global card acceptance, AI-powered custom rules, accounting integrations, bill pay, and reimbursements.
- $12 per user per month Premium: This tier includes all Essentials features, plus multiple customizable expense policies, advanced approvals, multi-entity support, and customizable ERP and HRIS integrations.
- Custom Enterprise: Designed for global enterprises, this plan includes all Premium features, a named account manager, and fully customizable implementation services.
Reviews
User reviews for Brex frequently comment on the platform's interface and financial management tools. Some customers note difficulties with customer service, challenges with receipt syncing, and limitations in expense categorization. Check out more Brex reviews here.
9. Finom
Finom is a European financial technology company founded in 2019 that provides digital banking and financial management services for SMEs and freelancers. The platform offers online accounts with local IBANs, invoicing, accounting integrations, and expense management tools.
The service issues free physical and unlimited virtual debit cards, with up to 3% cashback on business purchases. It also supports multiple currencies and international payments to facilitate financial operations for businesses across Europe.
Pricing
Here's their pricing at a glance:
- Free Solo Plan: This plan is for freelancers and self-employed individuals and includes one user, a personal IBAN, free physical VISA cards, and basic invoicing features.
- €9/month Start Plan: This plan is for small businesses and includes two users, a personal IBAN, free physical VISA cards, and advanced invoicing features.
- €28/month Premium Plan: This plan offers five users, a personal IBAN, free physical VISA cards, and invoicing and accounting integrations.
- €149/month Corporate Plan: This plan is for larger businesses and provides ten users, a personal IBAN, free physical VISA cards, and advanced invoicing and accounting features.
- €339/month Enterprise Plan: This plan includes fifteen users, a personal IBAN, free physical VISA cards, and all features available in the Corporate Plan.
Reviews
User feedback often centers on the platform's interface and invoicing system, while some users report issues with account management, unexpected fees, and transaction processing. Check out more Finom reviews here.
10. Propulse by CA
Propulse by CA is an online banking and management platform designed for entrepreneurs, freelancers, and small businesses. It provides users with an online business account that includes a French IBAN and a Visa Business card.
The platform integrates tools for creating and tracking invoices, managing expenses, and connecting with accounting services. Additionally, users can file URSSAF contributions directly through the application and utilize the insurance included with their payment card.
Pricing
Here's their pricing at a glance:
- €8 per month Starter Plan: The company's base subscription tier.
- €17 per month Start+ Plan: The company's higher-level subscription tier.
Reviews
User feedback indicates some customers have experienced challenges with customer service accessibility, leading to delays in account creation and issue resolution. Check out more Propulse by CA reviews here.
Which One Should You Go With?
Choosing the right financial platform depends entirely on your business needs, and any of the alternatives listed can be a great fit. If you're looking for a modern solution built for the digital asset space, we believe OneSafe offers the ideal tools to manage your global finances. Ready to see how we can help your business grow? Sign up for OneSafe today!
