High onboarding costs, limited customization options, and mixed reviews have led some businesses to seek alternatives to Raincards for their global payment needs. In this guide, we'll break down what Raincards does, detail the common reasons for switching, and present other platforms to consider based on your specific requirements.
What is Raincards?
Raincards is a financial technology company and Visa Principal Member that enables fintech and crypto businesses to launch stablecoin-backed card programs. Its API-driven platform provides full customization of card design and wallet architecture, alongside features like automated DDoS protection and detailed transaction analytics.
The company does not publicly disclose its pricing, requiring businesses to contact them directly for specific details. User reviews are mixed, with some praising its ease of use while others cite high onboarding costs and limited customization options.
What to Consider When Selecting a Raincards Alternative?
When searching for a Raincards alternative, it's important to evaluate several key aspects of each platform to find the best fit for your business's financial operations:
- Pricing Structure:A transparent and predictable fee schedule can prevent unexpected costs associated with onboarding and transactions.
- Crypto and Fiat Capabilities:The platform should effectively manage both digital assets and traditional currencies to support diverse payment needs.
- API and Customization:Robust API access allows for deeper integration and tailored control over card programs and wallet architecture.
- Target Use Case:Different platforms are optimized for specific needs, from global payroll for Web3 companies to general corporate expense management.
- Customer Support:Responsive and knowledgeable support is vital for resolving issues quickly and maintaining smooth financial operations.
If these factors resonate with your business needs, explore our curated list of alternatives in the next section.
10 Best Alternatives to Raincards
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 tools for effective 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, simplifying payroll and expense management for global teams. We also offer end-to-end expense and payroll management, streamlined onboarding, and responsive customer support tailored for the digital asset space.
Pricing
Here's a quick look at our straightforward pricing structure:
- Free Account & Card Management: We charge no fees for account opening, maintenance, or card issuance, and there's no monthly subscription or minimum balance required.
- 0.1% US Domestic Transfers: Enjoy low-cost money movement for both ACH and wire transfers within the United States.
- From 0.2% International Payments: Send SEPA payments for just 0.2% and international wires for 0.2% plus a standard SWIFT fee.
- 0.1% Crypto Transactions: Benefit from a low 0.1% fee on USDT transactions and fiat-to-crypto conversions at market rates with no hidden charges.
- 3% Corporate Card FX: Spend globally with your corporate card with a clear foreign exchange rate on non-USD transactions.
Reviews
Users consistently praise OneSafe for its exceptional customer support and for being a game-changing solution that solves complex banking and payroll challenges for Web3 companies.
- Amit Chu, Investments @ Celo Foundation: “OneSafe has the best customer support I've ever experienced from a bank.”
- Marco, CEO of Ensuro: “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.”
Want to see how we can help your business? Check us out here.
2. Currensea
Currensea is a UK-based financial technology company that provides a travel debit card designed to lower foreign exchange fees. It connects directly to a user's existing bank account, which means there is no need to pre-load funds before making international purchases.
The card operates with real-time exchange rates and delivers instant spending notifications through its app. It offers competitive rates and has no hidden fees, with different subscription tiers that set limits on fee-free spending and ATM withdrawals.
Pricing
Here's their pricing at a glance:
- Free Essential Plan: Includes a £500 monthly card spend at the real-time rate, after which a 1% fee applies. ATM withdrawals are fee-free up to £200 per month, with a 2% fee thereafter. A one-time card delivery fee of £4.95 is charged.
- £39.95/year Pro Plan: Offers unlimited fee-free card spending, £500 in fee-free ATM withdrawals per month, and additional benefits.
- £150/year Elite Plan: Provides all Pro features plus an increased fee-free ATM withdrawal limit of £750 per month and other enhanced perks.
Reviews
User reviews often comment on the card's functionality, exchange rates, and transaction notifications. Some users note issues with card acceptance in certain locations and have raised concerns about customer support responsiveness. Check out more Currensea reviews here.
3. Everestcard
Everestcard is a neobank that provides financial management services for businesses. It offers both virtual and physical Mastercard credit cards that can be issued instantly to team members.
The platform allows for entirely online management of cards and expenses through a dashboard, along with tools for automated reporting and digital receipt scanning. This system is designed to track transaction histories and organize financial processes for companies.
Pricing
Here's their pricing at a glance:
- €20/month Plan: Includes up to three Mastercard credit cards and access to expense management tools.
- €5/month per Additional Card: For each card issued beyond the initial three.
- 90-Day Free Trial: Businesses can use the platform for 90 days before subscribing.
Reviews
Available user reviews for Everestcard are limited, and they express concerns about the company's reliability and responsiveness, citing issues such as slow customer support and account access problems. Check out more Everestcard reviews here.
4. Wallester
Wallester is a financial technology company that provides corporate expense management solutions through virtual and physical Visa cards. Its platform is built to streamline financial operations for businesses of various sizes.
The service includes features like real-time expense control, detailed financial reporting, and integrations with accounting software. It also offers instant virtual card issuance, multi-currency support, and advanced API integration.
Pricing
Here's their pricing at a glance:
- Free Plan: Includes up to 300 virtual cards and unlimited physical cards with no account or minimum balance fees.
- €0.20 per card/month: For each virtual card issued beyond the initial 300.
- Premium Plans: Available for businesses that require more cards; pricing details are not publicly listed.
Reviews
User feedback for the platform notes some challenges with integration and occasional delays in technical support. Check out more Wallester reviews here.
5. Credem
Credem, or Credito Emiliano S.p.A., is an Italian banking institution founded in 1910 and headquartered in Reggio Emilia. The bank offers retail and corporate banking, insurance, and investment solutions through several specialized divisions.
A notable aspect of its operations is the acceptance of Parmigiano Reggiano cheese wheels as collateral for loans. This practice is an established part of its approach to banking within its regional market.
Pricing
Here's their pricing at a glance:
- From €4/month Account Maintenance: Fees for account upkeep start at this rate.
- Free Card Issuance: There is no charge for issuing a card.
- Free ATM Withdrawals: No fees are charged for withdrawals at Credem ATMs.
- Custom Pricing for Investment Services: Fees for investment products are tailored to the specific service.
Reviews
User reviews mention issues such as delays in receiving debit and credit cards and a lack of digital card options, with some customers also expressing concerns about customer service responsiveness. Check out more Credem reviews here.
6. Soldo
Soldo is a spend management platform designed to help businesses control their expenses. It combines an application with payment methods to manage decentralized company spending.
The platform offers real-time monitoring of multi-currency expenses and customizable user roles. It also integrates with accounting software like Xero, which allows for financial oversight while aiming to reduce administrative tasks.
Pricing
Soldo offers a tiered pricing structure, but specific details are not made public. The company provides a free trial, and businesses must contact Soldo directly for complete pricing information.
Reviews
User reviews indicate some have experienced issues with login access, statement delivery, and the account closure process. Feedback on customer support is mixed, with some users citing slow response times and challenges in receiving assistance. Check out more Soldo reviews here.
7. Fiducial Banque
Fiducial Banque is an online banking institution established in 2014 to serve professionals, SMEs, merchants, and associations. As a subsidiary of the Fiducial Group, it offers a range of banking services, including business loans and leasing options.
Clients are assigned a dedicated advisor and can manage their accounts online at any time. The bank provides several account packages that come with a Visa Business debit card, unlimited SEPA transfers, and check deposit services.
Pricing
Here's their pricing at a glance:
- €12/month PRO Base: Includes a professional current account, a dedicated advisor, online banking access, a Visa Business debit card, unlimited SEPA transfers, and check deposit services.
- €25/month PRO Plus: Contains all PRO Base services, plus the ability to accept card payments, additional card options including a Visa Premier, and checkbooks.
- €45/month PRO Excellence: Offers all PRO Plus features, along with unlimited account movement commissions, cash deposit options, and a deferred debit Visa Premier card.
Reviews
User reviews mention issues with customer service responsiveness and technical problems with the online platform. Some clients have reported delays in receiving assistance and occasional system failures. Check out more Fiducial Banque reviews here.
8. VIALET
VIALET is a Lithuanian Electronic Money Institution established in 2017 that offers digital banking services for small and medium-sized enterprises. The company provides dedicated International Bank Account Numbers for SEPA, SEPA Instant, and SWIFT transactions, as well as card processing solutions for corporate clients.
The platform supports various payment methods, including C2B, B2B, and B2C, and provides banking APIs, mass payouts, and third-party integrations. VIALET also accepts payments to and from cryptocurrency processors and offers accounts for EU-licensed crypto exchanges.
Pricing
VIALET does not publicly list its pricing information. Businesses must submit an application to receive an initial price list, and final fees may be adjusted based on the information provided.
Reviews
User reviews cite issues with unprofessional conduct and poor customer service. Some also report difficulties during account opening, including excessive information requests and long response times. Check out more VIALET reviews here.
9. Countingup
Countingup is a UK-based company established in 2017 that offers a business current account combined with built-in accounting software. The platform allows small businesses to manage their financial tasks within a single application.
It includes tools for instant invoicing, automatic expense categorization, and receipt capture, while also providing real-time tax estimates. These functions are intended to automate financial administration, allowing business owners to concentrate on their primary operations.
Pricing
Here's their pricing at a glance:
- £3/month for up to £750 in deposits: This plan is for accounts with total monthly deposits up to £750.
- £9/month for £750-£7,500 in deposits: This plan is for accounts with total monthly deposits between £750 and £7,500.
- £18/month for over £7,500 in deposits: This plan is for accounts with total monthly deposits exceeding £7,500.
- Transaction Fees: Additional charges apply, including 30p for transfers, £1 for ATM withdrawals, and 3% for foreign transactions.
- Three-Month Free Trial: A free trial is available for the first three months of service before a subscription is required.
Reviews
User reviews for Countingup mention the platform's financial management features, but also cite issues such as account suspensions, delays in fund transfers, and limited customer support with slow response times and no phone option. Check out more Countingup reviews here.
10. Hype
Hype is an Italian fintech company established in 2015 that offers digital banking services to simplify financial management for individuals and businesses. Its services, like HYPE Business, are tailored for professionals and small enterprises.
The platform provides a mobile application with real-time notifications, along with tools for budgeting, setting savings goals, and making instant payments. Users also have access to free SEPA transfers and complimentary cash withdrawals in euros from any ATM.
Pricing
HYPE Business is available for a monthly fee of €2.90, which includes a World Elite Mastercard, free SEPA transfers, and complimentary F24 payments. The plan also provides access to expense monitoring tools and free cash withdrawals in euros, but businesses should contact Hype directly for more detailed pricing information.
Reviews
User feedback points to issues such as account blocks and delays with money transfers. Some users also report dissatisfaction with customer support responsiveness and the presence of ads within the application. Check out more Hype reviews here.
Which One Should You Go With?
Choosing the right financial platform depends on your unique business needs, and any of the alternatives listed can be a great fit. If you're looking for a modern banking solution built for the digital asset economy, we believe OneSafe provides the most comprehensive tools for global payroll and expense management. Ready to simplify your financial operations? Sign up for OneSafe today and see how we can help your business grow.
