While Reap offers a modern approach to corporate finance, mixed user reviews regarding customer service and account management may have you exploring alternatives. This guide will break down what Reap is, why you might consider other options, and what alternatives are available to suit your specific business needs.
What is Reap?
Founded in 2018, Reap Technologies Limited is a financial technology company that provides products to streamline financial operations for businesses. Their offerings include the flagship Reap Card, a secured corporate credit card with flexible repayment options in fiat and digital currencies, alongside Reap Pay for multi-currency payments.
The company also provides global coverage, advanced spend controls, and API solutions for card issuing and automated global payouts. These tools are built to enhance financial connectivity and efficiency for modern businesses.
What to Consider When Selecting a Reap Alternative?
When evaluating alternatives to Reap, it's helpful to weigh several key aspects to find the best fit for your business operations:
- Pricing and Fees: Analyze the fee structure, including monthly subscriptions, transaction costs, and any hidden charges, to ensure it aligns with your budget.
- Crypto and Fiat Integration: Determine if the platform supports both traditional currency and digital assets for payments, conversions, and payroll.
- Expense Management and Controls: Look for robust tools that allow you to issue cards, set spending limits, and automate expense reporting.
- Global Capabilities: Assess the platform’s ability to handle international payments, multi-currency accounts, and foreign exchange transactions efficiently.
- Customer Support: Consider the quality and responsiveness of customer service, as reliable support is vital for resolving financial issues quickly.
If these factors resonate with your business needs, explore our curated list of alternatives in the following section.
10 Best Alternatives to Reap
1. OneSafe
OneSafe is a finance platform built to modernize banking for businesses, particularly those operating in the Web3 and crypto sectors. We offer the 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, simplifying payroll and expense management for global teams. We also provide streamlined onboarding, rapid account setup, and exceptional customer support tailored for businesses in the digital asset space.
Pricing
We believe in transparent and straightforward pricing. Here’s a look at what you can expect:
- Free Account Essentials: We charge nothing for account opening, ongoing maintenance, or issuing virtual and physical cards. Plus, there are no monthly subscriptions or minimum balance requirements.
- Low-Cost US Payments: Our domestic ACH and wire transfers are just 0.1% per transaction, with a flat $25 fee for Fedwire transfers.
- Competitive Global Transfers: Send money internationally with SEPA payments at 0.2% and international wires for 0.2% plus a standard $50 SWIFT fee.
- Straightforward Crypto Transactions: We offer a simple 0.1% fee for USDT transactions and provide direct fiat-to-crypto conversions at market rates with no hidden fees.
- 3% Foreign Exchange: Use your corporate card for non-USD spending with a standard 3% FX fee.
Reviews
Our clients consistently praise our exceptional customer support and ability to solve major financial headaches, calling OneSafe a game-changer for modern businesses.
- 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 what we can do for you? Check us out here.
2. 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 provides a suite of services including US and international payroll, PEO services, benefits administration, and compliance management.
By leveraging AI technology, Niural automates HR and payroll functions to maintain compliance with local labor laws and manage payroll processing. This system allows businesses to handle their workforce, from small teams to thousands of employees, across different locations.
Pricing
Here's a look at their pricing structure:
- $100/month + $20/employee/month for US Payroll Basic: This plan includes fundamental payroll services.
- $120/employee/month for US PEO Basic: This option offers HR and compliance support.
- Starts at $599/employee/month for Employer of Record: This service is for managing international employees.
- Custom Pricing for Plus Plans: The US Payroll Plus and US PEO Plus plans are available at a higher rate and include additional features.
- Free Trial: A free trial is offered for its HR platform.
Reviews
User feedback often centers on the platform's management of HR and payroll functions, the user interface, and customer support. Some reviews mention the complexity of navigating its features and occasional delays in support. Check out more Niural reviews here.
3. Brex
Brex is a financial technology company founded in 2017 that offers a suite of financial services. Its platform combines corporate credit cards, expense management, travel booking, bill pay, and business accounts to help businesses manage their financial operations.
The system utilizes AI-powered custom rules, real-time reporting, and accounting integrations to provide greater control over financial management. Brex provides scalable solutions intended for startups, mid-sized companies, and global enterprises.
Pricing
Here's their pricing at a glance:
- Free Essentials: This plan includes global card acceptance, AI-powered custom rules, accounting integrations, local currency wires, travel booking, real-time reporting, API access, bill pay, and reimbursements.
- $12/user/month Premium: This tier contains all Essentials features, plus customizable expense policies, dynamic expense review chains, AI-powered compliance audit detection, advanced approvals, multi-entity support, and advanced travel rules.
- Custom Enterprise: This plan offers all Premium features along with support for unlimited global entities, local card issuance, a named account manager, and customizable implementation.
Reviews
User feedback indicates some customers have experienced issues with customer service, including unresponsiveness and difficulty resolving complex problems. Additionally, some reviews point to challenges with certain platform features and account management. Check out more Brex reviews here.
4. Novo
Novo is a financial technology company that provides FDIC-insured business deposit accounts through a partnership with Middlesex Federal Savings. The company offers a mobile-first banking experience tailored for small business owners, freelancers, and entrepreneurs.
Its platform includes a business checking account with no monthly fees or minimum balance requirements, built-in invoicing, and ATM fee refunds. Novo also integrates with business tools like Xero and Stripe and provides partner perks such as discounts on various services.
Pricing
Novo provides a business checking account with no monthly fees, minimum balance requirements, or transaction fees. The account includes free incoming wires, refunds on ATM fees up to $7 per month, and built-in invoicing.
Reviews
User feedback often points to challenges with customer support, with some customers citing slow response times and difficulties in resolving disputes. Other recurring themes in reviews include issues with account management and the limitations of an online-only platform, such as the inability to deposit cash. Check out more Novo reviews here.
5. Currensea
Currensea is a UK-based financial technology company that provides a travel debit card designed to lower foreign exchange fees compared to traditional banks. The card connects to a user's existing UK bank account, which eliminates the need for pre-loading funds before use.
The service offers real-time exchange rates and sends immediate notifications detailing transaction amounts and any savings. It operates on a subscription model with different tiers that provide varying limits on fee-free card spending and ATM withdrawals.
Pricing
Here's their pricing at a glance:
- Free Essential: This plan includes a £500 monthly card spend at the real-time rate, with a 1% fee after that limit. ATM withdrawals are fee-free up to £200 per month, then a 2% fee applies. There is a one-time £4.95 card delivery fee.
- £39.95/year Pro: This plan offers market-leading exchange rates, unlimited fee-free card spending, and fee-free ATM withdrawals up to £500 per month, along with other benefits.
- £150/year Elite: This plan includes all Pro features with an increased fee-free ATM withdrawal limit of £750 per month and additional perks.
Reviews
User feedback often addresses the card's setup process, transaction notifications, and exchange rates, while some reviews note issues with card acceptance in certain locations and the responsiveness of customer support. Check out more Currensea reviews here.
6. Axos Bank
Axos Bank, founded in 2000 as Bank of Internet USA, is a digital bank based in San Diego, California. The institution offers a range of financial services, including personal and business banking, loans, and investment solutions.
The bank provides accounts with competitive interest rates and low to no fees. Account holders have access to their funds through a large network of ATMs.
Pricing
Here is a look at their business account options:
- No Monthly Fee for 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/month for Business Interest Checking: This fee is waived with an average daily balance of at least $5,000 and offers 1.01% APY on balances up to $49,999.99.
- No Monthly Fee for Business Premium Savings: This account has no monthly maintenance fees and provides a 3.80% APY.
Axos Bank does not publicly list prices for all of its services, and some accounts may have specific balance requirements to waive fees.
Reviews
Customer feedback for Axos Bank is varied, with some users reporting issues with the app's functionality, including glitches and slow performance. Check out more Axos Bank reviews here.
7. Everestcard
Everestcard is a neobank that offers financial management services for businesses. The company provides instant issuance of both virtual and physical Mastercard credit cards, enabling teams to access funds as needed.
The platform facilitates 100% online management, allowing for real-time control over cards and expenses via a dashboard and web app. It also includes expense management tools like automated reports, digital receipt scanning, and transaction history tracking.
Pricing
Here is their pricing at a glance:
- €20/month Monthly Plan: This plan includes up to three Mastercard credit cards and access to various expense management tools.
- €5/month Additional Card: This is the cost for each card beyond the initial three.
- 90-Day Free Trial: The platform offers a free trial period for businesses to evaluate its features before committing.
Reviews
Available user feedback for Everestcard is limited. Reviewers express concerns regarding the company's reliability, citing issues such as slow customer support and problems with account access. Check out more Everestcard reviews here.
8. Kontist
Kontist is a German financial service provider that offers business banking solutions specifically for freelancers and self-employed individuals. The company's offerings are structured to meet the financial management requirements of independent professionals.
The platform provides automatic tax estimation, real-time tax calculation, and the ability to reserve funds for tax obligations. These functions are integrated into its business accounts to assist with financial planning.
Pricing
Here is their pricing at a glance:
- Free Business Account: Includes a German IBAN, a physical Visa debit card, and real-time tax estimation.
- €11/month + VAT Start Plan: Adds subaccounts and includes 30 SEPA transfers.
- €25/month + VAT Plus Plan: Includes VAT return and business evaluation features.
Reviews
User feedback points to issues with high fees for certain services and challenges with the responsiveness of customer support. Check out more Kontist reviews here.
9. OneMoneyWay
OneMoneyWay is a digital platform that provides global financial services for small and medium-sized enterprises based in Europe. The company offers international transfers with local IBAN accounts, foreign exchange for over 24 currencies, and various payment solutions including SWIFT and SEPA.
The platform claims to process transactions faster than traditional banks and does not set transaction limits. It also provides virtual and physical corporate cards, business accounts, and payment terminals through its 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, higher transaction fees, and one virtual corporate card.
- £49/month Starter: Billed annually, this plan provides up to three business accounts, lower transaction fees, two virtual and two physical corporate cards, and a personal advisor.
- £99/month Business: Billed annually, this plan offers up to five business accounts, the lowest transaction fees, unlimited virtual and four physical corporate cards, and a personal advisor.
- Indicative Pricing: All prices are indicative and depend on the company's revenue and industry.
Reviews
User feedback often mentions the company's level of service, staff interactions, and platform features, though some reviews note longer processing times for account setup. Check out more OneMoneyWay reviews here.
10. Revolut
Revolut is a British financial technology company founded in 2015 that provides a variety of banking services. Its offerings include current accounts, debit and credit cards, stock and cryptocurrency trading, and peer-to-peer payments.
The platform allows users to manage and exchange over 25 currencies, make global payments, and issue team cards with specific spending controls. It also integrates with accounting and HR software to help manage business operations.
Pricing
Here's their pricing at a glance:
- From £10/month Basic Plan: Provides essential features for running a business.
- From £30/month Grow Plan: Offers additional tools to manage spending and operations.
- From £90/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 comments on the app's interface and payment features, while some customers report challenges with customer support and account verification. Check out more Revolut reviews here.
Which One Should You Go With?
Choosing the right financial partner is a big decision, and any of the platforms listed can serve your business well depending on your specific needs. If you're looking for a modern solution that understands the digital asset space, we believe OneSafe is an excellent choice. Ready to see how we can simplify your finances? Sign up for OneSafe today!
