Payhawk's spend management platform is a common choice for businesses, but factors like opaque pricing and reported technical issues can lead companies to seek alternatives. This guide will explore what Payhawk does, why you might look for an alternative, and what other global payment solutions could be a better fit for your business.
What is Payhawk?
Payhawk is a spend management platform that unifies corporate cards, expense management, and accounts payable into one system. It offers features like multi-currency Visa cards, automated receipt collection, and AI-powered data extraction in over 65 languages.
The platform also supports multi-entity management for businesses with multiple subsidiaries and provides pricing through a personalized demo. While many users praise its efficiency, some have reported mobile app synchronization issues and occasional transaction delays.
What to Consider When Selecting a Payhawk Alternative?
When searching for a platform to replace Payhawk, it's helpful to evaluate alternatives based on a few key criteria:
- Pricing Transparency: Look for platforms with clear, upfront pricing models to avoid the uncertainty of quote-based systems.
- Global Payment and Currency Support: Assess the platform's ability to handle international transactions, multi-currency accounts, and foreign exchange fees.
- Digital Asset Integration: For companies in the Web3 space, consider whether the platform supports transactions and conversions with cryptocurrencies like USDC.
- Integration Capabilities: Check for robust integrations with your existing accounting, HR, and ERP software to ensure a connected financial workflow.
- Customer Support Quality: Investigate user reviews and support options to find a provider known for responsive and effective customer service.
If one or more of these factors resonate with your business needs, explore the detailed alternatives in the next section.
10 Best Alternatives to Payhawk
1. OneSafe
OneSafe is a finance platform designed to modernize banking for businesses, particularly those operating in the Web3 and crypto sectors. We provide the essential tools for effortless fund management, quick payments, and access to both traditional and digital assets.
Our platform enables direct 1:1 conversion from USD to USDC on Polygon, simplifying payroll and expense management for global teams. We also offer end-to-end expense management, rapid account setup, and responsive customer support tailored for businesses in the digital asset space.
Pricing
We believe in transparent pricing so you always know what to expect. Here’s a look at our fees at a glance:
- Free Account Services: We charge no fees for account opening, maintenance, or virtual and physical card issuance. Plus, there's no monthly subscription or minimum balance required.
- 0.1% US Domestic Transfers: Send and receive funds within the US via ACH and standard wires for a simple 0.1% fee per transaction. Fedwire transfers are a flat $25.
- Low-Cost International Payments: SEPA payments in EUR are just 0.2% per transaction, while international SWIFT wires are 0.2% plus a $50 network fee.
- 0.1% Crypto Transactions: We facilitate USDT transactions and fiat-to-crypto conversions with a transparent 0.1% fee, based on market rates with no hidden charges.
- 3% Corporate Card FX: For any spending on your corporate card in a non-USD currency, a standard 3% foreign exchange fee applies.
Reviews
Our clients consistently praise our responsive customer support and our platform's ability to simplify complex financial operations, especially for Web3 companies.
- “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 see how OneSafe can help your business? Check us out here.
2. Multipass
Multipass is a UK-based financial technology company that provides businesses with multi-currency accounts for international operations. The platform offers virtual International Bank Account Numbers (IBANs), local accounts in the EU, UK, and US, and corporate cards for expenses.
The service enables businesses to send, receive, and exchange over 70 currencies and provides access to dedicated relationship managers. Its pricing structure includes fees for onboarding, monthly maintenance, and various transaction types, with specific quotes provided upon request.
Pricing
Here is their pricing at a glance:
- Onboarding from £500: A fee for account opening and due diligence. Priority onboarding is available for an additional £500.
- Monthly Maintenance from £100: A recurring fee for the account. A minimum balance requirement is set at three times the monthly fee.
- Payment Fees: Variable fees apply to local and international transactions, including SEPA, SWIFT, and ACH transfers.
- Card Fees: Charges are applied for the issuance, replacement, and maintenance of physical and virtual cards.
- Additional Fees: Other charges include £100 per additional user and an account closure fee starting from the equivalent of three monthly fees.
Reviews
Feedback from users generally centers on the platform's international payment processing, its support for multiple currencies, and the customer service experience. Check out more Multipass reviews here.
3. Brex
Founded in 2017, Brex is a financial technology company offering services like corporate credit cards, expense management, and business accounts on a unified platform. This integration allows businesses to manage various financial operations from a single interface.
The platform provides AI-powered custom rules, real-time reporting, and accounting integrations to enhance control over financial management. It is designed to cater to startups, mid-sized companies, and global enterprises with scalable solutions for diverse business needs.
Pricing
Here is their pricing at a glance:
- Free Essentials: This plan is for startups and growing companies, offering features such as global card acceptance, AI-powered custom rules, accounting integrations, and bill pay.
- $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 provides all Premium features along with a named account manager and fully customizable implementation services. Pricing is based on specific requirements.
Reviews
User feedback often points to challenges with customer service, with some customers citing unresponsiveness and difficulty resolving complex issues. Other reported concerns include account management and the functionality of certain platform features. Check out more Brex reviews here.
4. Reap
Reap is a financial technology company founded in 2018 that offers a suite of products to manage financial operations for businesses. Its services include the Reap Card, Reap Pay, and API solutions for embedded finance.
The company's main product is the Reap Card, a corporate credit card that allows for bill repayment in both fiat and digital currencies. Reap also enables global payments in preferred currencies and provides embedded finance solutions for card issuing and automated payouts.
Pricing
Here is their pricing at a glance:
- No Annual Fee: The Reap Card has no annual or hidden service fees.
- 1.2% Stablecoin Repayment Fee: A handling fee is applied to bill repayments made with stablecoins.
- 2% Transaction Fee: ATM withdrawals and foreign exchange transactions are subject to a 2% fee.
- Custom API Pricing: Pricing for card issuing, payment, and compliance APIs is determined by product usage.
Reviews
User feedback on the platform is varied, with some customers pointing to issues with sudden credit limit changes without notice. Other reported concerns involve the quality of customer service and the company's financial standards. Check out more Reap reviews here.
5. 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 services including US and international payroll, PEO services, benefits administration, and compliance management.
The platform uses AI to automate HR and payroll tasks, addressing compliance with local labor laws and payroll processing. This integration is designed for businesses to manage workforces of various sizes, from small teams to thousands of employees.
Pricing
Here is their pricing at a glance:
- $100/month + $20/employee/month US Payroll Basic: This plan offers fundamental US payroll services.
- $120/employee/month US PEO Basic: This plan provides HR and compliance support for businesses in the US.
- From $599/employee/month Employer of Record: This service is for international employees, with customized quotes available.
- Custom US Payroll Plus: This plan includes multi-state payroll, custom pay schedules, and unlimited payroll runs at a higher rate.
- Custom US PEO Plus: This tier adds features such as mental health resources and COBRA administration for a higher rate.
Reviews
User feedback often centers on the platform's management of HR and payroll tasks, while some reviews note occasional delays in customer support and difficulties navigating its features. Check out more Niural reviews here.
6. Mercury
Mercury is a financial technology company that provides online business banking services designed for startups and small businesses. The platform consolidates FDIC-insured checking and savings accounts, corporate cards, and various financial tools into one interface.
It enables U.S.-incorporated companies to open business accounts from anywhere in the world and provides an opportunity to earn yield on balances over $350,000. The company does not charge for minimum balances or monthly maintenance, but a 1% fee is applied to currency conversions, with other fees for treasury services and mass payments.
Pricing
Here is their pricing at a glance:
- Free Mercury Plan: Offers essential banking services, including checking and savings accounts, corporate 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 with custom pricing and plan options.
- Additional Fees: A 1% fee applies to currency conversions, and there are fees for treasury management and mass payments via API.
Reviews
User feedback for Mercury is mixed. Reports from some customers mention issues with account management, including sudden account closures and frozen funds, as well as inconsistent customer support and delays in payment processing. Check out more Mercury reviews here.
7. N26
N26 is a German financial technology company founded in 2013 that provides a fully mobile banking experience. Its services include transaction accounts, debit cards, overdrafts, and various investment products.
The platform provides real-time banking updates and a user-focused app interface for managing finances. It also includes tools for tracking spending and creating sub-accounts for savings goals.
Pricing
Here is their pricing at a glance:
- Free N26 Standard: This account has no maintenance fees and includes a virtual Mastercard for online and mobile payments.
- €4.90/month N26 Smart: This plan provides tools for spending and saving, including the ability to create up to 10 sub-accounts.
- €9.90/month N26 Go: This account includes free ATM withdrawals abroad and travel insurance.
- €16.90/month N26 Metal: This account includes a metal card, travel insurance, and priority customer support.
Reviews
User feedback indicates several recurring issues with the service. Customers have reported slow response times from support, unhelpful replies, and difficulties contacting agents, alongside instances of account closures without clear explanations and frozen funds. Check out more N26 reviews here.
8. Novo
Novo is a financial technology company that provides FDIC-insured business deposit accounts through a partnership with Middlesex Federal Savings. The platform offers a mobile-first banking experience designed for small business owners, freelancers, and entrepreneurs.
Its business checking account has no monthly fees or minimum balance requirements and includes built-in invoicing and integrations with tools like Stripe and Xero. The service also provides refunds on ATM fees and offers access to discounts on various business services.
Pricing
Novo provides a business checking account with no monthly fees, minimum balance requirements, or transaction fees. The account includes free incoming wires and refunds on ATM fees up to $7 per month.
Reviews
User feedback often highlights issues with customer support, citing slow response times and challenges with resolving disputes. Other recurring comments mention account closures without clear explanation and difficulties with fraud handling. Check out more Novo reviews here.
9. OneMoneyWay
OneMoneyWay is a digital platform for European small and medium-sized enterprises (SMEs) to manage global financial operations. It provides services such as international transfers, foreign exchange for over 24 currencies, and payment solutions including SWIFT, SEPA, and US ACH.
The platform offers local IBAN accounts, virtual and physical corporate cards, and claims to process transactions faster than traditional banks with no limits. It also provides business accounts, card acquiring, and payment terminals through its network of regulated partners.
Pricing
Here is their pricing at a glance:
- Free Freemium: For businesses with annual revenue below £150,000, this plan includes one business account, one virtual corporate card, and higher transaction fees.
- £49/month Starter: Billed annually, this plan provides up to three business accounts, two virtual and two physical corporate cards, lower transaction fees, and a personal advisor.
- £99/month Business: Billed annually, this plan offers up to five business accounts, unlimited virtual and four physical corporate cards, the lowest transaction fees, and a personal advisor.
All prices are indicative and depend on the company's revenue and industry.
Reviews
User feedback often addresses the company's service level, staff interactions, and platform features, while also noting that account setup can have longer processing times. Check out more OneMoneyWay reviews here.
10. Tide Bank
Tide is a UK-based financial technology company established in 2015, providing mobile-first banking services for small and medium-sized enterprises. The company offers current accounts, automated bookkeeping, and integrated invoicing, along with integrations for accounting software like Sage, QuickBooks, and Xero.
Businesses can open an account in minutes through the app, which includes built-in tools for managing accounting and tax. The service also allows for cash deposits at UK Post Office or PayPoint locations and provides expense cards for team spending and international payment capabilities.
Pricing
Here is their pricing at a glance:
- Free Plan: No monthly fee. Charges include 20p per UK transfer, £1 per ATM withdrawal, and a 0.99% fee for cash deposits.
- £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 feedback often addresses the customer support experience, with some customers reporting slow response times and difficulties with account verification. Other comments mention issues with account access, including unexpected freezes. Check out more Tide Bank reviews here.
Which One Should You Go With?
While each platform offers distinct advantages, the best Payhawk alternative ultimately depends on your specific business needs. If you're looking for a modern financial partner with transparent pricing and strong support for digital assets, we recommend considering OneSafe. Ready to see how we can help your business grow? Sign up for OneSafe today.
