Vivid Business provides a suite of financial tools, but some user-reported issues, such as frozen accounts, have led customers to look for other solutions. This guide will examine what Vivid Business is, explore the reasons you might consider an alternative, and present other platforms that could better suit your needs.
What is Vivid Business?
Vivid Business is an all-in-one financial platform designed for businesses and freelancers. The service provides unique features like up to 30 German IBANs, virtual and physical cards, and investment opportunities.
It offers several tariff plans, including a free option, to accommodate various business needs. While the platform earns praise for its user-friendly app, some customer reviews mention issues with frozen accounts.
What to Consider When Selecting a Vivid Business Alternative?
When searching for a platform to replace Vivid Business, it's helpful to evaluate alternatives based on a few key criteria:
- Pricing Transparency:Understand the complete fee structure, including monthly subscriptions, transaction costs, and any hidden charges, to avoid unexpected expenses.
- International Transactions:Assess the platform's capabilities for handling multiple currencies, international payments, and the associated exchange rates and fees.
- Web3 and Crypto Support:For modern companies, check if the platform offers features like fiat-to-crypto conversions or tools designed for the digital asset space.
- Customer Service Quality:Look into user reviews regarding the responsiveness and effectiveness of the support team, as reliable assistance is vital for business operations.
- Software Integrations:Determine if the service connects with your existing accounting, payroll, or expense management software to streamline your financial workflows.
If these factors resonate with your business needs, explore our detailed breakdown of the top alternatives in the next section.
10 Best Alternatives to Vivid Business
1. OneSafe
At OneSafe, we offer a finance platform designed to streamline banking processes for businesses, especially those in the Web3 and crypto industries. Our tools facilitate straightforward fund management, swift payments, and access to both traditional and digital assets.
Our platform provides a direct 1:1 conversion from USD to USDC on Polygon, simplifying global payroll and expense management. We also deliver end-to-end payment solutions and rapid account setup, all backed by responsive, tailored customer support for companies in the digital asset space.
Pricing
Here's a look at our straightforward pricing structure:
- Free General Banking: We offer free account opening and maintenance, no monthly subscriptions, and free virtual and physical card issuance.
- 0.1% US Domestic Transfers: Manage your stateside payments with a low 0.1% fee per transaction for both ACH and standard wire transfers.
- Competitive International Rates: For SEPA payments in EUR, we charge 0.2% per transaction. International wires are 0.2% plus a standard $50 SWIFT fee.
- 0.1% Crypto & Fiat Conversion: We charge a simple 0.1% fee for USDT transactions, and our fiat-to-crypto conversions are included at market rates with no hidden charges.
- Specialized Transaction Fees: For urgent domestic payments, Fedwire transfers are a flat $25. Non-USD spending on our corporate cards incurs a 3% foreign exchange fee.
Reviews
Users consistently praise our platform for its exceptional customer support and ability to solve complex banking challenges, especially for companies operating 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 solve your banking headaches? Check us out here.
2. Wise
Wise, formerly known as TransferWise, is a financial technology company that focuses on international money transfers. It processes transactions using the mid-market exchange rate without added markups.
The service provides a multi-currency account that allows users to hold and manage funds in over 40 currencies. A debit card is also available for spending and withdrawing cash globally for both personal and business customers.
Pricing
Here's their pricing at a glance:
- Pay-as-you-go Model: Wise operates without subscriptions or monthly fees.
- Sending Money: Fees for sending money start at 0.57% and vary by currency.
- Receiving Money: Domestic payments are free in certain currencies, while international wire transfers incur fixed fees.
- Business Account Setup: A one-time fee of $31 is required for businesses to receive account details.
- Multi-Currency Card: The card has a one-time $9 fee, and ATM withdrawals over $100 per month are subject to additional charges.
Reviews
User reviews frequently discuss the platform's international transfer features, while some customers report issues like account freezes and unresponsive support. Check out more Wise reviews here.
3. Soldo
Soldo is a spend management platform designed to help businesses control their expenses. It provides a system that combines an application with various payment methods to manage company spending.
The platform offers real-time monitoring of expenses in multiple currencies, customizable user roles, and can connect with accounting software. This allows employees to make purchases while the company maintains financial oversight and reduces administrative tasks.
Pricing
Soldo uses a tiered pricing model for different business requirements, but specific costs are not made public. The company provides a free trial, and prospective customers must contact Soldo directly for detailed pricing information.
Reviews
User reviews are mixed, with some customers reporting issues like login problems and account closure challenges, alongside varied feedback on customer support. Check out more Soldo reviews here.
4. Fiducial Banque
Fiducial Banque is an online banking institution established in 2014 to serve professionals, SMEs, and other business entities. As a subsidiary of the Fiducial Group, it offers a suite of banking services designed for entrepreneurs, including various financing and leasing options.
Clients are assigned a dedicated advisor upon account opening and have constant access to a digital account management system. The service also includes options for check deposits, SEPA transfers, and the ability to accept card payments from customers.
Pricing
Here's their pricing at a glance:
- €12 excl. tax per month PRO Base: This package includes a professional current account, a dedicated banking advisor, 24/7 online banking access, a Visa Business debit card, unlimited SEPA direct debits and transfers, and check deposit services.
- €25 excl. tax per month PRO Plus: Contains all PRO Base services, plus the ability to accept card payments from clients, a choice of Visa debit cards with different debit options, and the issuance of checkbooks.
- €45 excl. tax per month PRO Excellence: Includes all PRO Plus services, with the addition of unlimited account movement commissions, one free cash deposit per month through a partner network, and a Visa Premier debit card with deferred debit.
Reviews
Some customers report issues with the service, citing unresponsive support, technical problems with the mobile application, and occasional system failures. Check out more Fiducial Banque reviews here.
5. Brex
Founded in 2017, Brex is a financial technology company that offers services including corporate credit cards, expense management, and business accounts. The platform consolidates these functions to allow businesses to manage various financial operations from a single interface.
Brex utilizes AI-powered custom rules, provides real-time reporting, and integrates with accounting software to help with financial control. It offers scalable solutions designed for startups, mid-sized companies, and large enterprises.
Pricing
Here's their pricing at a glance:
- Free Essentials: This plan is for startups and growing companies and includes features like global card acceptance, accounting integrations, and bill pay.
- $12/user/month Premium: Includes all Essentials features, adding multiple expense policies, advanced approvals, and multi-entity support.
- Custom Enterprise: This tier is for global enterprises and offers all Premium features plus a named account manager and customizable implementation services.
Reviews
User reviews indicate some customers have issues with customer service, citing unresponsiveness and difficulty resolving complex queries, in addition to challenges with receipt syncing and expense categorization. Check out more Brex reviews here.
6. Propulse by CA
Propulse by CA is an online banking and management platform created for entrepreneurs, freelancers, and small businesses. The service provides users with a French IBAN and a Visa Business card to manage their finances.
The platform includes tools for creating and tracking invoices, managing expenses, and connecting with accounting services. Additionally, it allows for direct URSSAF contribution filings through the application and includes insurance with its payment card.
Pricing
Here's their pricing at a glance:
- €8 per month Starter Plan: The entry-level subscription tier.
- €17 per month Start+ Plan: The higher-level subscription tier.
Reviews
User feedback indicates some customers face challenges with support, leading to delays in account creation and issue resolution. Check out more Propulse by CA reviews here.
7. 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 has a focus on sustainability, planting trees for users and allowing them to invest in environmental projects. Additionally, it provides a public API for developers to build on its services.
Pricing
Here's their pricing at a glance:
- Free bunq Free: Available for sole proprietors and 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 indicates some customers experience issues with customer support, citing slow response times and challenges in resolving problems. Check out more Bunq 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.
The service includes a business checking account with no monthly fees or minimum balance requirements, refunds on ATM fees, and a built-in invoicing tool. It also connects with business tools like Xero and Stripe and provides account holders with access to discounts on various business services.
Pricing
Novo offers a business checking account that does not have monthly fees, minimum balance requirements, or transaction fees. The account also includes free incoming wires and refunds on ATM fees up to $7 per month.
Reviews
User reviews frequently discuss the platform's customer service, with some reporting slow response times and issues with dispute resolution. Other feedback mentions the mobile banking experience and account closures. Check out more Novo reviews here.
9. Mercury
Mercury is a financial technology company that provides online business banking services designed for startups and small businesses. The platform offers a suite of financial products intended to support the operational needs of entrepreneurial ventures.
Mercury provides FDIC-insured checking and savings accounts, corporate cards, and integrated tools for bill pay and invoicing. It also enables founders outside the U.S. to open accounts for their U.S.-incorporated companies and does not charge monthly fees or require minimum balances.
Pricing
Here's their pricing at a glance:
- Free Mercury Plan: Offers 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 reimbursement and invoicing capabilities.
- $350/month Mercury Pro: Encompasses all features of Mercury Plus, adding advanced workflows and dedicated support.
- Other Charges: A 1% fee is applied to currency conversions for non-USD currencies, and there are fees for treasury management and mass payments via API.
Reviews
Some users report issues with Mercury, including sudden account closures, frozen funds, and payment processing delays. Additionally, there are concerns about the responsiveness and consistency of its customer support. Check out more Mercury reviews here.
10. Finom
Finom is a European financial technology company that offers digital banking and financial management services for small to medium-sized enterprises and freelancers. The platform provides online account opening with local IBANs, invoicing tools, and expense management capabilities.
The service issues free physical and unlimited virtual debit cards, with the potential for up to 3% cashback on business purchases. It also supports multiple currencies and international payments for its users.
Pricing
Here's their pricing at a glance:
- Free Solo Plan: Includes one user, a personal IBAN, free physical VISA cards, and basic invoicing features.
- €9/month Start Plan: Includes two users, a personal IBAN, free physical VISA cards, and advanced invoicing features.
- €28/month Premium Plan: Offers five users, a personal IBAN, free physical VISA cards, and invoicing and accounting integrations.
- €149/month Corporate Plan: Provides ten users, a personal IBAN, free physical VISA cards, and advanced invoicing and accounting features.
- €339/month Enterprise Plan: Includes fifteen users, a personal IBAN, free physical VISA cards, and all features from the Corporate Plan.
Reviews
User feedback often mentions the platform's interface and invoicing system, though some customers report issues with account management, unexpected fees, and transaction processing. Check out more Finom 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 offers a robust and supportive alternative. Ready to see the difference? Sign up for OneSafe today.
