For businesses considering VIALET for their global payment solutions, factors like non-transparent pricing and negative customer service reviews can be significant deterrents. This article will explain what VIALET is, detail the reasons you might consider an alternative, and explore other options available based on your specific needs.
What is VIALET?
Established in 2017, VIALET is a Lithuanian Electronic Money Institution (EMI) offering digital banking services for small and medium-sized enterprises. The company provides dedicated IBANs for various transfers, banking APIs, and accepts payments involving EU-licensed crypto exchanges.
VIALET does not publicly disclose its pricing; businesses must apply to receive a customized price list. This practice, combined with mixed customer reviews that cite both professionalism and poor service, shapes its reputation.
What to Consider When Selecting a VIALET Alternative?
When searching for a VIALET alternative, it's important to weigh several factors to find the best fit for your business:
- Pricing Transparency: Look for platforms that offer clear, upfront fee structures without hidden costs.
- Customer Support: Prioritize services with a reputation for responsive and helpful customer assistance to resolve issues quickly.
- Cryptocurrency Integration: If your business operates in the Web3 space, consider platforms that facilitate digital asset transactions and conversions.
- Global Payment Capabilities: Ensure the provider supports the international payment networks you need, such as SWIFT or SEPA, at competitive rates.
- Onboarding and User Experience: A straightforward account setup and an intuitive platform can save significant time and reduce operational friction.
If these considerations align with your priorities, the following section details several strong alternatives to explore.
10 Best Alternatives to VIALET
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 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 responsive customer support tailored for businesses in the digital asset space.
Pricing
Here's our pricing at a glance:
- Free General Fees: We charge nothing for account opening, maintenance, monthly subscriptions, or card issuance. There's also no minimum balance.
- 0.1% US Domestic Transfers: A low rate for all standard ACH and wire transactions. A flat $25 fee applies to Fedwire transfers.
- 0.2% International & SEPA Payments: A competitive rate for SEPA (EUR) transfers. International wires have the same rate plus a $50 SWIFT fee.
- 0.1% USDT Transactions: A simple, low fee for your USDT payments.
- Included Fiat-to-Crypto Conversions: Convert between fiat and crypto at market rates with no hidden fees. A 3% FX fee applies to non-USD corporate card spending.
Reviews
Clients consistently praise our platform for its exceptional customer support and ability to solve complex banking headaches for modern businesses, particularly those in the Web3 space.
- 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 learn more? Check us out here.
2. Axos Bank
Originally established as Bank of Internet USA in 2000, Axos Bank is a digital financial institution headquartered in San Diego, California. The bank offers a suite of services that includes personal and business banking, loans, and various investment solutions.
Axos Bank provides access to a broad ATM network and offers competitive interest rates on select accounts. Certain accounts, such as the Basic Business Checking, have no monthly maintenance fees, while others require a minimum daily balance to waive monthly charges.
Pricing
Here's their pricing at a glance:
- No Monthly Fee Basic Business Checking: This account has no monthly maintenance fees, unlimited fee-free transactions, and free incoming wires.
- $10/month Business Interest Checking: This fee is waived with an average daily balance of at least $5,000 and offers a 1.01% APY on balances up to $49,999.99.
- No Monthly Fee Business Premium Savings: This account has no monthly maintenance fees and offers a 3.80% APY.
Reviews
Customer feedback on Axos Bank is varied, often discussing the account opening process and customer service interactions, while some users note issues with mobile app functionality. Check out more Axos Bank reviews here.
3. Soldo
Soldo is a spend management platform designed to help businesses control their expenses. It provides a combination of an application and various payment methods to manage company spending.
The platform offers real-time tracking of multi-currency expenses, customizable user roles, and integration with accounting software. This system allows employees to make purchases while the company maintains financial oversight.
Pricing
Soldo offers a tiered pricing structure, but specific details are not made public. To receive pricing information, businesses must contact the company directly.
Reviews
User feedback for Soldo often discusses its expense management capabilities and user interface. Some users report issues with login access, statement delivery, and account closure, while opinions on customer support response times and assistance quality are varied. Check out more Soldo reviews here.
4. Novo
Novo is a financial technology company that provides FDIC-insured business deposit accounts through its partnership with Middlesex Federal Savings. The company offers a mobile-first banking experience tailored for small business owners, freelancers, and entrepreneurs.
The platform provides a business checking account with no monthly fees or minimum balance requirements and includes a built-in tool for creating and sending invoices. It also integrates with various business applications, offers refunds on ATM fees, and provides access to partner discounts on other services.
Pricing
Novo provides a business checking account with no monthly fees, no minimum balance requirements, and no transaction fees. The account includes free incoming wires, refunds on ATM fees up to $7 per month, and a built-in invoicing tool.
Reviews
Customer feedback often points to challenges with customer support, citing slow response times and difficulties with dispute resolution. Users also mention issues with account closures and the lack of a direct phone line for support. Check out more Novo reviews here.
5. Currensea
Currensea is a UK-based financial technology company that offers a travel debit card designed to reduce foreign exchange fees. The service links directly to a user's existing UK bank account, which eliminates the need to transfer funds or top up an account before spending abroad.
The card provides real-time exchange rates and sends immediate notifications for each transaction, detailing the amount spent. Through its app, users can access competitive exchange rates without additional hidden fees.
Pricing
Here's their pricing at a glance:
- Free Essential Plan: This plan has a £500 monthly card spend limit at the real-time rate, after which a 1% fee is applied. 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: This plan offers unlimited fee-free card spending and up to £500 in fee-free ATM withdrawals per month.
- £150/year Elite Plan: This plan includes all Pro features and increases the fee-free ATM withdrawal limit to £750 per month.
Reviews
User feedback often discusses the card's ease of use, transaction notifications, and exchange rates, while some reviews mention issues with card acceptance in certain locations and customer support responsiveness. Check out more Currensea reviews here.
6. 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 a suite of services that includes US and international payroll, PEO services, benefits administration, and compliance management.
By using AI technology, Niural automates various HR and payroll tasks to help ensure compliance with local labor laws and facilitate payroll processing. This system allows businesses to manage their workforce, whether they have a small team or thousands of employees.
Pricing
Here's their pricing at a glance:
- $100/month + $20/employee/month US Payroll Basic: A plan for US payroll services.
- $120/employee/month US PEO Basic: A plan offering HR and compliance support.
- $599/employee/month Employer of Record: The starting price for international services, with custom quotes available.
- Plus Plans: Higher-priced tiers for US Payroll and PEO services with additional features are available.
- Free Trial: A free trial is offered for the HR platform.
Reviews
User feedback often comments on the platform's features, with some reviews mentioning occasional delays in customer support and the complexity of navigating its extensive features. Check out more Niural reviews here.
7. Reap
Founded in 2018, Reap Technologies Limited is a financial technology company offering products to manage financial operations for businesses of various sizes. Their main products include the Reap Card, a corporate credit card, and Reap Pay, a platform for making payments.
The Reap Card is a secured corporate credit card that facilitates bill repayments in both fiat and digital currencies. Additionally, the company provides API and embedded finance solutions for card issuing and automated global payouts.
Pricing
Here's their pricing at a glance:
- No Annual Fee Reap Card: The card has no annual or hidden service fees.
- 1.2% Stablecoin Repayments: A handling fee is applied to repayments made with stablecoins.
- 2% ATM & FX Fee: A fee is charged for ATM withdrawals and foreign exchange transactions.
- Custom Pricing API & Embedded Finance: Packages for card issuing, payment APIs, and compliance APIs are priced based on usage.
Reviews
User feedback on Reap is varied, with some customers reporting operational issues such as sudden credit limit resets without notice and concerns regarding customer service and financial standards. Check out more Reap reviews here.
8. MuralPay
MuralPay is a financial technology company that aims to modernize international transactions by addressing outdated infrastructure and the global unbanked population. The company provides a platform for businesses operating internationally, with a focus on the Americas.
Its services are delivered through a platform and API for pay-ins, payouts, invoicing, and virtual accounts, all powered by stablecoins. The system facilitates instant global payments, multi-currency invoicing, batch payments, real-time currency conversion, and includes built-in compliance tools.
Pricing
MuralPay does not make its pricing information public. To receive pricing details, businesses must contact the company directly or request a free demo.
Reviews
User feedback mentions occasional delays in transaction processing and issues with compliance requests. Other comments note the platform's cost for large teams and the complexity of its interface on smaller devices. Check out more MuralPay reviews here.
9. Credem
Credito Emiliano S.p.A. (Credem) is an Italian banking institution founded in 1910, offering a range of financial services. The bank operates through several divisions, including retail, corporate, and private banking, alongside insurance and investment solutions.
The institution provides services that extend beyond traditional banking, such as accepting Parmigiano Reggiano cheese as loan collateral. This approach to financing demonstrates a different method of securing assets for its clients.
Pricing
Here's their pricing at a glance:
- €4/month Starting Account Maintenance: Fees for account maintenance begin at this rate.
- Free Card Issuance: There is no charge for issuing a card.
- Free Credem ATM Withdrawals: Withdrawals are free when using the bank's own ATMs.
- Custom Investment Services: Pricing for investment services is determined on a case-by-case basis.
Reviews
User feedback points to issues such as delays in receiving debit and credit cards, a lack of digital card options, and concerns about customer service responsiveness. Check out more Credem reviews here.
10. Anna Money
ANNA Money is a UK-based financial service provider offering business accounts for small and medium-sized enterprises, freelancers, and creative professionals. The company provides a platform that combines invoicing, receipt scanning, and tax calculation tools.
Account setup can be completed in under 10 minutes, and the service includes 24/7 customer support. It also offers features for expense management by matching receipts to transactions and facilitates payroll through bulk payment capabilities.
Pricing
ANNA Money's pricing is usage-based, with plans starting at £0 per month. Customers are charged only for the services they use, and no monthly fee is applied if an account is not used during a given month.
Reviews
User feedback indicates varied experiences, with some customers reporting issues related to account freezes and difficulties accessing funds. Check out more Anna Money reviews here.
Which One Should You Go With?
Choosing the right financial partner depends on your specific business needs, and any of the platforms listed can be a solid alternative to VIALET. If your business values transparent pricing, dedicated support, and effortless fund management, we believe OneSafe is the ideal solution. Ready to see the difference? Sign up for OneSafe today and experience banking that just works.
