While Rain offers a popular earned wage access solution, factors like its non-public pricing and some user-reported service issues may lead you to look for other options. This guide will explore what Rain is, the reasons you might consider an alternative, and other platforms available for your banking and global payment needs. We will cover a range of solutions to help you find the right fit.
What is Rain?
Rain is a financial technology company specializing in Earned Wage Access (EWA), which allows employees to draw a portion of their earned wages before payday. The platform is designed to improve employee financial wellness with features like free ACH transfers and 24/7 user support.
Reviews of Rain are generally positive, with users praising its convenience for managing unexpected expenses. However, some users have reported issues like processing delays, though the service maintains a favorable overall rating.
What to Consider When Selecting a Rain Alternative?
When searching for an alternative to Rain, it's important to evaluate several key aspects to find the best fit for your business needs:
- Core Service Offering: Determine if you need Earned Wage Access (EWA) or a broader business banking and payment platform.
- Pricing Structure: Look for platforms with transparent, predictable fees to avoid hidden costs.
- Global and Digital Asset Capabilities: Consider whether your business requires support for international payments or cryptocurrency transactions.
- Integration with Existing Systems: Ensure the platform can connect with your current payroll, accounting, or HR software for streamlined operations.
- Customer Support Quality: Evaluate user reviews for insights into the responsiveness and effectiveness of the platform's support team.
If these considerations align with your priorities, the following section details several strong alternatives worth exploring.
10 Best Alternatives to Rain
1. OneSafe
At OneSafe, we provide a finance platform designed to modernize banking processes for businesses, particularly those operating in the Web3 and crypto sectors. Our platform offers essential tools for effortless fund management, quick payments, and access to both traditional and digital assets.
We enable straightforward 1:1 conversion from USD to USDC on Polygon, which simplifies payroll and expense management for global teams. Our platform also provides end-to-end expense management, rapid account setup, and responsive customer support tailored for businesses in the digital asset space.
Pricing
Here's a look at our straightforward pricing structure:
- Free Account Services: We charge no fees for account opening, maintenance, or card issuance, and there are no monthly subscriptions or minimum balance requirements.
- 0.1% US Domestic Transfers: Manage domestic payments with a simple 0.1% fee for standard ACH and wire transfers, or a flat $25 fee for Fedwire.
- 0.2% International Payments: Send SEPA payments for 0.2% and international wires for 0.2% plus a standard $50 SWIFT fee.
- 0.1% Crypto & Fiat Conversions: Take advantage of a low 0.1% fee on USDT transactions and convert between fiat and crypto with no hidden fees, just market rates.
- 3% Corporate Card FX: Use your corporate card for global spending with a clear 3% foreign exchange fee on non-USD transactions.
Reviews
Users consistently praise our platform for simplifying complex financial operations, especially for Web3 companies. Our responsive customer support and ability to solve major banking headaches are frequently highlighted as key benefits.
- “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 we can help your business? Check us out here.
2. Primis Bank
Primis Bank, established in 2005 as Sonabank and rebranded in 2021, is a Virginia-based financial institution offering various banking services. It holds over $3.4 billion in assets and provides FDIC-insured business and personal accounts, high-yield savings, and CDs.
The bank's accounts do not have monthly fees, overdraft fees, or minimum balance requirements, and they include unlimited transactions. Primis also provides free business insights and 24/7 customer support from its staff.
Pricing
Primis Bank does not publicly disclose a detailed pricing structure, and recommends contacting them directly for information on fees and interest rates. The bank does state its accounts have no monthly fees, overdraft fees, or minimum balance requirements, and include unlimited transactions.
Reviews
User reviews for Primis Bank are varied, with some customers reporting issues such as denied account applications, long waits for customer service, and problems with account access. Check out more Primis Bank reviews here.
3. MuralPay
MuralPay is a financial technology company that works to modernize international transactions by making them fast and secure. The company's mission is to update outdated financial systems and provide services to the unbanked population, particularly for businesses operating across the Americas.
The platform provides an API for pay-ins, payouts, invoicing, and virtual accounts, all powered by stablecoins. It supports instant global payments, multi-currency invoicing, batch payments, and real-time currency conversion with integrated compliance tools.
Pricing
MuralPay does not publicly disclose its pricing details on its website. For specific pricing information tailored to business needs, it is recommended to contact MuralPay directly, though they do offer a free demo.
Reviews
User reviews point to occasional delays in transaction processing and issues with compliance. Some feedback also notes a complex interface on smaller devices and concerns about the platform's cost for large teams. Check out more MuralPay reviews here.
4. 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. The platform is designed for startups, mid-sized companies, and global enterprises, integrating various financial operations into one system.
Brex provides AI-powered custom rules, real-time reporting, and accounting integrations to manage financial operations. These tools are intended to give businesses greater control over their financial processes.
Pricing
Here's their pricing at a glance:
- Free Essentials: This plan for startups and growing companies 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: This tier includes 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: Designed for global enterprises, this plan offers all Premium features along with unlimited US or global entities, local card issuance, collections, reimbursements, policies, a named account manager, and customizable implementation services. Pricing is based on specific requirements.
Reviews
User feedback on Brex is varied, with some customers reporting issues with customer service responsiveness and difficulties resolving complex queries. Other reported challenges include problems with the platform's interface and sudden account closures. Check out more Brex reviews here.
5. Propulse by CA
Propulse by CA is an online banking and management platform designed for entrepreneurs, freelancers, and small businesses. The service provides an online business account with a French IBAN and an accompanying Visa Business card.
The platform includes features for automated invoicing, expense management, and connections to accounting services. It also facilitates URSSAF declarations directly through the application and incorporates insurance with the payment card.
Pricing
Here's their pricing at a glance:
- Starter Plan: €8 per month.
- Start+ Plan: €17 per month.
Reviews
User reviews mention challenges in reaching customer service, leading to delays in account creation and issue resolution. Check out more Propulse by CA reviews here.
6. Bunq
Bunq is a Dutch fintech company founded in 2012 that provides mobile banking services across 30 European countries. It offers both personal and business accounts with features like multiple International Bank Account Numbers (IBANs) and multi-currency support.
The platform provides a public API for developers and incorporates a sustainability program that plants trees based on the user's subscription plan. Customers can also direct their investments toward environmental projects.
Pricing
Here's their pricing at a glance:
- Free bunq Free: For sole proprietors, includes 3 bank accounts with IBANs.
- €7.99/month bunq Core: Includes 3 bank accounts with IBANs.
- €13.99/month bunq Pro: Includes 5 bank accounts with IBANs.
- €23.99/month bunq Elite: Includes 25 bank accounts with IBANs.
Reviews
User feedback for Bunq is varied, with some customers reporting issues with customer support, citing slow response times and challenges in resolving problems. Check out more Bunq reviews here.
7. Ampere
Ampere is a UK-based financial services provider that offers an all-in-one business current account for startups and small to medium-sized enterprises. The company provides multi-currency accounts, business loans, and commercial mortgages with adaptable plans.
The platform facilitates currency exchange at a 0.35% rate and allows for invoice creation directly from the bank account. Additionally, Ampere offers merchant accounts with acquiring fees starting from 0.65% and provides settlements twice a week.
Pricing
Here's their pricing at a glance:
- £35 Setup + £20/month Business Account: Includes the first month's maintenance fee and card issuance.
- £25 Setup + £10/month Private Account: Covers the first month's maintenance fee and card issuance.
- Transfers: Local GBP and EUR transfers are free, while international SWIFT transfers cost £25.
- Currency Exchange & Card Fees: Currency exchange for GBP and EUR is 0.35%, and ATM withdrawals are 2% plus £1.50 per transaction.
- Merchant Services: Setup is free, with acquiring fees starting from IC++0.35% for low-risk merchants.
Reviews
User feedback indicates a desire for more advanced business features and support for additional currencies like USD. Some reviews also mention inconsistencies in customer service responsiveness and issues with transaction fulfillment. Check out more Ampere reviews here.
8. Tide Bank
Tide is a UK-based financial technology company established in 2015, offering mobile-first banking services for small and medium-sized enterprises. The platform provides current accounts, automated bookkeeping, and invoicing, along with integrations for accounting software like Sage, QuickBooks, and Xero.
Businesses can open an account in minutes through the app and utilize built-in accounting and tax tools for financial management. The service also allows for cash deposits at UK Post Office or PayPoint locations, offers expense cards for team spending, and supports international payments.
Pricing
Here's their pricing at a glance:
- Free Plan: No monthly fee. Charges include 20p per UK transfer and £1 per ATM withdrawal. Cash deposits at the Post Office have a 0.99% fee with a £2.50 minimum.
- £12.49 + VAT per month Smart Plan: Includes 25 free UK transfers, one free expense card, and priority in-app support. Foreign currency card transactions have a 2.75% FX fee.
- £24.99 + VAT per month Pro Plan: Offers unlimited free UK transfers, two free expense cards, and 24/7 phone and legal support. Foreign currency card transactions are fee-free.
- £69.99 + VAT per month Max Plan: Provides unlimited free UK transfers, three free expense cards, and a dedicated account manager. Foreign currency card transactions are fee-free.
Reviews
Some users report issues with the service, citing delays in customer support and payment processing. Other feedback mentions problems with account verification and the platform's app. Check out more Tide Bank reviews here.
9. Credem
Credem, also known as Credito Emiliano S.p.A., is an Italian banking institution established in 1910 and headquartered in Reggio Emilia. The bank offers a variety of financial services, including retail and corporate banking, insurance, and investment solutions through its different divisions.
A distinctive aspect of Credem's operations is its practice of accepting wheels of Parmigiano Reggiano cheese as collateral for loans. This method is part of its approach to securing financing for its clients.
Pricing
Credem's pricing structure varies depending on the specific product, with account maintenance fees starting from €4 per month and custom pricing for investment services. For detailed and up-to-date pricing information, it is advisable to contact the company directly.
Reviews
User feedback indicates several areas of concern, including reported delays in receiving debit and credit cards. Customers also note a lack of digital card options and express concerns about the responsiveness of customer service. Check out more Credem reviews here.
10. Wallester
Wallester is a financial technology company that offers corporate expense management solutions through virtual and physical Visa cards. The platform is built to handle financial operations for businesses of different sizes, focusing on security and a functional user interface.
The service provides tools for real-time expense monitoring, detailed financial reporting, and integrations with accounting software. It also includes instant virtual card issuance, support for multiple currencies, and an advanced API for custom integrations.
Pricing
Here's their pricing at a glance:
- Free Plan: Includes up to 300 virtual cards, unlimited physical card issuance, and no account or minimum balance fees.
- €0.20 per card per month Additional Virtual Cards: Fee for each virtual card added beyond the 300 included in the free plan.
- Premium Plans: Available for businesses that require more cards; pricing details are provided by the company.
Reviews
User feedback frequently comments on the platform's interface, financial reporting, and customer support. Some users have reported challenges with integration and occasional delays in technical support. Check out more Wallester reviews here.
Which One Should You Go With?
Choosing the right financial platform depends on your specific needs, and any of the alternatives listed can be a great choice. If you're looking for a modern solution that simplifies global payments and integrates digital assets, we believe OneSafe is an excellent option for your business. Ready to modernize your banking? Sign up for OneSafe today.
