While OneMoneyWay offers a range of financial services for European SMEs, its features or pricing structure may not be the right fit for every business. This article will explore what OneMoneyWay is, examine reasons why you might consider other platforms, and present several alternatives tailored to different business requirements.
What is OneMoneyWay?
OneMoneyWay is a digital platform that helps European SMEs manage their global financial operations. It provides international transfers with local IBANs, foreign exchange services, and corporate cards, all without transaction limits.
The company earns positive customer reviews for its high service level and professional support. It uses a tiered pricing model with a freemium plan for smaller businesses and paid tiers for advanced features.
What to Consider When Selecting a OneMoneyWay Alternative?
When searching for an alternative to OneMoneyWay, several key factors can guide your decision:
- Global Payment Capabilities: Assess the platform's ability to handle international transfers, support multiple currencies, and offer local account details in different regions.
- Digital Asset Support: Determine if the service integrates with digital currencies like stablecoins, which is fundamental for businesses operating in the Web3 space.
- Fee Structure: Compare monthly subscription costs against pay-as-you-go transaction fees to find a model that aligns with your business's transaction volume and budget.
- Expense Management Tools: Evaluate the features for issuing corporate cards, tracking team spending in real-time, and integrating with your accounting software.
- Customer Service Quality: Investigate the provider's reputation for responsive and knowledgeable support, especially for resolving complex financial issues quickly.
If these considerations resonate with your business needs, explore the top alternatives we've detailed in the next section.
10 Best Alternatives to OneMoneyWay
1. OneSafe
OneSafe is a finance platform designed to streamline banking for businesses, particularly those operating in the Web3 and crypto sectors. We provide essential tools for effortless fund management, quick payments, and access to both traditional and digital assets.
Our platform enables a direct 1:1 conversion from USD to USDC on Polygon, which simplifies payroll and expense management for global teams. We also offer streamlined onboarding, rapid account setup, and exceptional customer support tailored for businesses in the digital asset space.
Pricing
Here's a look at our straightforward pricing:
- Free General Services: We charge nothing for account opening, monthly maintenance, or issuing virtual and physical corporate cards.
- From 0.1% US Domestic Transfers: Move funds within the US with a low 0.1% fee for ACH and standard wires, or a flat $25 for Fedwire.
- From 0.2% International Payments: Handle global transactions efficiently with a 0.2% fee for SEPA payments and a 0.2% fee plus a $50 SWIFT charge for international wires.
- 0.1% Crypto Transactions: Engage with the digital economy with a simple 0.1% fee on USDT transactions and direct fiat-to-crypto conversions at market rates.
- 3% Corporate Card FX: Spend internationally on your corporate card with a clear 3% foreign exchange fee on all non-USD transactions.
Reviews
Our clients consistently praise our platform for its outstanding customer support and for being a game-changing solution that resolves major banking headaches for modern businesses.
- “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. Tide Bank
Tide is a UK-based financial technology company established in 2015, offering mobile-first banking services tailored for small and medium-sized enterprises. The platform provides current accounts, automated bookkeeping, integrated invoicing, and compatibility with various accounting software.
Businesses can open an account quickly through the Tide app, which also contains tools for managing finances and taxes. The service includes options for cash deposits at UK Post Office or PayPoint locations, expense cards for team members, and functionality for international payments.
Pricing
Here is a look at Tide's pricing structure:
- No monthly fee Free Plan: Charges include 20p per UK transfer, £1 per ATM withdrawal, and a 0.99% fee (minimum £2.50) for cash deposits at the Post Office.
- £12.49 + VAT per month Smart Plan: Includes 25 free UK transfers, one free expense card, and priority in-app support.
- £24.99 + VAT per month Pro Plan: Offers unlimited free UK transfers, two free expense cards, and 24/7 phone and legal support.
- £69.99 + VAT per month Max Plan: Provides unlimited free UK transfers, three free expense cards, and a dedicated account manager.
Reviews
User reviews indicate some customers experience delays with customer support and face challenges with account access, including issues during onboarding or compliance reviews. Check out more Tide Bank reviews here.
3. 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 account opening with local IBANs, invoicing, accounting integrations, and expense management.
It provides free physical and unlimited virtual debit cards, with the possibility of earning up to 3% cashback on business purchases. The service also supports multiple currencies and international payments, aiming to streamline financial operations for businesses across Europe.
Pricing
Here is a look at Finom's pricing structure:
- Free Solo Plan: Includes one user, a personal IBAN, and basic invoicing features.
- €9/month Start Plan: Offers two users, a personal IBAN, and advanced invoicing features.
- €28/month Premium Plan: Provides five users, a personal IBAN, and invoicing and accounting integrations.
- €149/month Corporate Plan: Tailored for ten users with advanced invoicing and accounting features.
- €339/month Enterprise Plan: Supports fifteen users and includes all features from the Corporate Plan.
Reviews
Some users have reported concerns regarding account management, unexpected fees, and occasional technical difficulties when processing transactions. Check out more Finom reviews here.
4. Soldo
Soldo is a spend management platform designed to help businesses control their expenses. It provides a system that combines an application with various payment methods to manage decentralized spending.
The platform offers real-time monitoring of multi-currency expenses, customizable user roles, and integration with accounting software like Xero. This approach allows employees to make purchases while the company maintains financial oversight, which can reduce administrative tasks.
Pricing
Soldo offers a tiered pricing structure, though specific costs are not publicly disclosed. The company provides a free trial period, and interested businesses must contact Soldo directly for detailed pricing information.
Reviews
User reviews mention issues such as login problems, slow statement delivery, and challenges with account closure, alongside mixed opinions on customer support. Check out more Soldo reviews here.
5. Wise
Wise, formerly TransferWise, is a UK-based financial technology company founded in 2011. It specializes in international money transfers by using the mid-market exchange rate.
The platform offers a multi-currency account that allows users to hold and manage funds in over 40 currencies, complemented by a debit card for global spending. Its services are available for both individual and business needs through Wise Business and Wise Platform.
Pricing
Here is a look at Wise's pricing structure:
- From 0.57% Sending Money: Fees for sending money vary by currency.
- Variable Receiving Fees: Domestic payments in some currencies are free, while international wires have fixed fees.
- $9 One-Time Card Fee: A single charge is applied for the Wise Multi-Currency Card.
- $31 One-Time Business Setup: A fee for businesses to receive account details.
- Variable ATM Fees: Withdrawals over $100 per month are subject to additional fees.
Reviews
User feedback often discusses the platform's international transfer capabilities and fee structure. Some customers have reported issues such as account freezes and unresponsive customer support. Check out more Wise reviews here.
6. Brex
Brex is a financial technology company founded in 2017 that offers a suite of services including corporate credit cards, expense management, and business accounts. The platform integrates these functions to help businesses manage their financial operations.
It provides AI-powered custom rules, real-time reporting, and accounting integrations to enhance control over financial management. The service is structured to cater to startups, mid-sized companies, and global enterprises with scalable solutions.
Pricing
Here is a look at Brex's pricing structure:
- Free Essentials: Includes global card acceptance, AI-powered custom rules, accounting integrations, local currency wires, travel booking, real-time reporting, Brex API access, bill pay, and reimbursements.
- $12 per user per month Premium: Offers all Essentials features plus multiple customizable expense policies, dynamic expense review chains, AI-powered compliance audit detection, advanced approvals, multi-entity support, customizable ERP and HRIS integrations, VAT documentation, group travel, advanced travel rules, and live budgets.
- Custom Enterprise: Provides all Premium features along with unlimited US or global entities, local card issuance, collections, reimbursements, policies, a named account manager, and implementation services.
Reviews
User feedback for Brex indicates some customers have experienced issues with customer service, account stability, and platform features. Check out more Brex reviews here.
7. Fiducial Banque
Established in 2014, Fiducial Banque is an online banking institution that serves professionals, small and medium-sized enterprises (SMEs), merchants, artisans, and associations. As a subsidiary of the Fiducial Group, it provides a range of banking services tailored to the needs of entrepreneurs.
The bank assigns a dedicated advisor to each client upon account opening and offers a digital system for 24/7 online account management. Additionally, the institution makes available various financing solutions, including business loans and leasing options, to support business development.
Pricing
Here is a look at Fiducial Banque's pricing structure:
- €12/month (excl. tax) PRO Base: This package includes a professional current account, a dedicated banking advisor, online banking access, a Visa Business debit card, unlimited SEPA direct debits and transfers, and check deposit services.
- €25/month (excl. tax) PRO Plus: This tier contains all PRO Base services, adding the ability to accept card payments, a choice of Visa debit cards with different debit options, and checkbooks.
- €45/month (excl. tax) PRO Excellence: This package has all PRO Plus features, plus unlimited account movement commissions, an option for cash deposits, and a Visa Premier debit card with deferred debit.
Reviews
User reviews mention issues with customer service responsiveness, with some citing delays in receiving assistance. Other feedback points to technical problems with the mobile application and occasional system failures. Check out more Fiducial Banque reviews here.
8. Mercury
Mercury is a financial technology company that offers online business banking services designed for startups and small businesses. It allows U.S.-incorporated companies to open accounts, enabling founders from around the world to access its services without being U.S. residents.
The platform provides FDIC-insured checking and savings accounts, corporate cards, and integrated tools for financial management. Mercury has no monthly account fees or minimum balance requirements, but it does charge a 1% fee on currency conversions.
Pricing
Here is a look at Mercury's pricing structure:
- Free Mercury Plan: Offers essential banking services including checking and savings accounts, corporate debit and credit cards, bill pay, invoicing, and reimbursements.
- $35/month Mercury Plus: Includes all features of the Mercury Plan with additional reimbursements and invoicing capabilities.
- $350/month Mercury Pro: Encompasses all features of Mercury Plus along with advanced workflows and dedicated support.
- Custom Pricing: For businesses with balances exceeding $10 million, Mercury offers tailored solutions and plan options.
Reviews
User feedback on Mercury is varied, with some customers reporting issues related to account management, customer support responsiveness, and payment processing times. Check out more Mercury reviews here.
9. Revolut
Revolut is a British financial technology company established in 2015 that provides a variety of banking services. These services include current accounts, debit and credit cards, trading for stocks and cryptocurrency, and peer-to-peer payments.
The platform allows users to manage and exchange over 25 currencies and facilitates both local and international money transfers. It also provides tools for team expense management through physical and virtual cards and integrates with various accounting and business software.
Pricing
Here's their pricing at a glance:
- From £10 per month Basic Plan: Provides essential features for running a business.
- From £30 per month Grow Plan: Offers additional tools to manage spending and operations.
- From £90 per month Scale Plan: Designed for businesses with higher transaction volumes and advanced needs.
- Custom pricing Enterprise Plan: Tailored to specific business requirements.
Reviews
User feedback often addresses the platform's interface and payment features, though some customers report challenges with customer support and note certain feature limitations. Check out more Revolut reviews here.
10. Propulse by CA
Propulse by CA is an online banking and management platform tailored for entrepreneurs, freelancers, and small businesses. It offers a suite of features intended to manage financial and administrative duties.
The service provides a business account with a French IBAN, a Visa Business card, and tools for automated invoicing. It also allows for expense management, direct URSSAF declarations through the application, and includes insurance with the payment card.
Pricing
Here's their pricing at a glance:
- €8 per month Starter Plan: The entry-level subscription.
- €17 per month Start+ Plan: The premium subscription tier.
Reviews
Some users report difficulties with customer service, citing delays in account creation and in resolving issues. Check out more Propulse by CA reviews here.
Which One Should You Go With?
Choosing the right financial partner is a significant decision, and any of the platforms listed can be a great fit depending on your specific business needs. If you're searching for a modern banking solution that truly understands the digital asset space, we believe OneSafe is an exceptional choice. Ready to experience a platform built for today's businesses? Sign up for OneSafe and see how we can help you grow.
