Yapily provides a unified API for open banking, but some businesses find its long-term flexibility and integration capabilities to be limited. If you're exploring other options, this article will explain what Yapily is, why you might consider an alternative, and what other solutions are available to meet your needs.
What is Yapily?
Yapily is an open banking infrastructure platform that connects businesses to thousands of banks across Europe for financial data access and payment services. Its unified API offers extensive coverage across 19 countries, supporting both consumer and business accounts for wide-ranging integration.
The platform's products include data enrichment through Data Plus and flexible payment options like Variable Recurring Payments. Users often praise its high-quality API and excellent customer support, contributing to its positive industry reputation.
What to Consider When Selecting a Yapily Alternative?
When evaluating alternatives to Yapily, it's important to weigh several factors to find the best fit for your business needs:
- Integration and Scalability: Assess whether the platform can easily connect with your existing tech stack and scale with your business over the long term.
- Global and Multi-Currency Features: Determine if the service supports international payments, multi-currency accounts, and digital assets to manage a global team effectively.
- Pricing Structure: Look for transparent, predictable pricing models that align with your transaction volume and avoid hidden fees.
- Customer Support Quality: Consider the responsiveness and expertise of the support team, especially if your business operates in a specialized sector like Web3.
- Industry Specialization: Evaluate if the platform is tailored to your specific industry, offering features and expertise that generic providers may lack.
If these considerations resonate with your priorities, explore the alternatives detailed in the next section to find your ideal solution.
10 Best Alternatives to Yapily
1. OneSafe
At OneSafe, we offer a finance platform designed to modernize banking processes for businesses, particularly those operating in the Web3 and crypto sectors. Our services provide the essential tools for fund management, quick payments, and access to both traditional and digital assets.
We enable a direct 1:1 conversion from USD to USDC on Polygon for borderless transactions and provide end-to-end expense and payroll management. Our platform also ensures rapid account setup and responsive customer support tailored for businesses in the digital asset space.
Pricing
Here's a glance at our straightforward and transparent pricing:
- Free Account & Cards: Get started with no fees for account opening, maintenance, or virtual and physical card issuance. We also don't require a minimum balance.
- Low-Cost Domestic Transfers: Pay just 0.1% for US domestic ACH and wire transfers, with a flat $25 fee for Fedwire transactions.
- Competitive International Payments: Manage global transactions with a 0.2% fee for SEPA payments and a 0.2% + $50 SWIFT fee for international wires.
- Transparent Crypto Fees: Enjoy a simple 0.1% fee on USDT transactions and fiat-to-crypto conversions at market rates with no hidden charges.
- Global Card Spending: Use your corporate card internationally with a 3% foreign exchange fee on non-USD spending.
Reviews
Our clients often highlight our outstanding customer support and our ability to provide a banking solution that resolves the unique challenges of modern businesses, particularly in the Web3 space.
- “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? Check us out here.
2. RelayFi
RelayFi is a financial technology company that provides an online banking platform tailored for small businesses. It offers a suite of tools intended to help companies manage their finances.
The service allows for the creation of up to 20 fee-free checking accounts with no minimum balance and integrates with accounting software like QuickBooks and Xero. Additionally, it includes automated high-yield savings, customizable debit cards with spending policies, and functions as the official banking platform for the Profit First methodology.
Pricing
Here is a look at RelayFi's pricing plans:
- $0/month Starter Plan: Designed for new businesses, this plan includes banking features, automated savings with a 1.03% APY, and integrations with QuickBooks and Xero.
- $30/month Grow Plan: This plan is for small teams and offers all Starter Plan features plus multi-step bill approval rules, customizable bookkeeping automation, and branded invoices.
- $90/month Scale Plan: Intended for larger teams, this plan provides all Grow Plan features along with AI-powered automation, cash flow insights, and faster customer support.
Reviews
Customer feedback for RelayFi often mentions its customer service and platform usability, though some users have reported transaction delays and issues with support responsiveness. Check out more RelayFi reviews here.
3. Wise
Wise, formerly TransferWise, is a UK-based financial technology company founded in 2011 that specializes in international money transfers. The company facilitates these transfers by utilizing the mid-market exchange rate.
Its platform provides a multi-currency account for holding and managing funds in over 40 currencies, along with a debit card for global spending. Wise offers services for both individual and business needs, catering to more than 15.5 million active customers.
Pricing
Here's their pricing at a glance:
- From 0.57% Sending Fee: Fees for sending money vary by currency, with rates starting from 0.57%.
- $0 Receiving Fee: Receiving domestic payments in certain currencies is free, while international wire transfers incur fixed fees.
- $9 Multi-Currency Card: A one-time fee is charged for the card. Spending is free, but ATM withdrawals over $100 per month have additional fees.
- $31 Business Setup Fee: Businesses pay a one-time fee to receive account details in 23 currencies.
- $0 Account Holding Fee: There is no charge for holding money in the account.
Reviews
While user reviews often discuss Wise's international transfer services, some customers have reported issues with account freezes and unresponsive support. Check out more Wise reviews here.
4. Tide Bank
Tide is a UK-based financial technology company founded in 2015 that offers mobile-first banking services for small and medium-sized businesses. The platform provides current accounts, automated bookkeeping, and integrated invoicing, along with connections to accounting software like Sage, QuickBooks, and Xero.
Businesses can open an account quickly through the Tide app and deposit cash at UK Post Office or PayPoint locations. The service also includes expense management with virtual and physical cards, built-in accounting tools, and the ability to handle 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.
- £12.49 + VAT per month Smart Plan: Includes 25 free UK transfers, one free expense card, and priority in-app support.
- £24.99 + VAT per month Pro Plan: Offers unlimited free UK transfers, two free expense cards, and 24/7 phone and legal support.
- £69.99 + VAT per month Max Plan: Provides unlimited free UK transfers, three free expense cards, and a dedicated account manager.
- 3-Month Free Trial: Paid plans come with a 3-month free trial for businesses to test features before committing.
Reviews
User reviews frequently mention the platform's interface and account opening process, while some customers report challenges with support response times and account access. Check out more Tide Bank reviews here.
5. Credem
Credito Emiliano S.p.A. (Credem) is an Italian banking institution founded in 1910 that provides retail, corporate, and private banking services. The bank also offers insurance and investment solutions through its various divisions.
One of its operational practices includes accepting Parmigiano Reggiano cheese as collateral for loans. Some customers have reported delays in receiving cards and a lack of digital card options.
Pricing
Credem's pricing structure varies depending on the service, with account maintenance fees beginning at €4 per month while card issuance is free. Investment services have custom pricing, and withdrawals are free at Credem ATMs, but information regarding free plans or demos is not publicly available.
Reviews
User reviews mention issues such as delays in receiving debit and credit cards and a lack of digital card options. Some customers also report concerns regarding the responsiveness of customer service. Check out more Credem reviews here.
6. Airwallex
Airwallex is a financial technology company founded in 2015 that provides services including cross-border payments, multi-currency business accounts, and expense management. The platform offers a suite of financial tools for businesses that operate on a global scale.
It provides multi-currency accounts in over 20 currencies, corporate cards with zero international fees, and foreign exchange rates with a markup above interbank rates. The service also facilitates free local transfers to over 120 countries and integrates with accounting software like Xero, QuickBooks, and NetSuite.
Pricing
Here's their pricing at a glance:
- Free Explore Plan: Available at no cost for users who meet deposit or balance requirements, this plan includes multiple business accounts and free local transfers to over 120 countries.
- $99/month Grow Plan: Includes all features of the Explore Plan, plus international batch transfers, expense management, and bill pay services.
- $499/month Accelerate Plan: Provides all features of the Grow Plan, along with centralized management of finances across global entities and single sign-on capabilities.
- Custom Plan: Pricing is tailored for high-volume businesses or those needing custom API implementations.
- Foreign Exchange Rates: A markup of 0.5% above interbank rates is applied for major currencies and 1% for others.
Reviews
Customer reviews point to challenges with customer service, such as delayed communication and unexplained account suspensions. Users have also mentioned difficulties with the Know Your Customer (KYC) process and the availability of support. Check out more Airwallex reviews here.
7. Fiducial Banque
Fiducial Banque is an online bank established in 2014 that serves professionals, SMEs, merchants, and associations. As a subsidiary of the Fiducial Group, it provides a range of banking services designed for entrepreneurs.
The bank provides clients with a dedicated advisor upon account opening and a digital platform for 24/7 account management. It also offers financing solutions like business loans and leasing options to support business development.
Pricing
Here's their pricing at a glance:
- €12/month (excl. tax) PRO Base: 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/month (excl. tax) PRO Plus: Contains all PRO Base services, plus the ability to accept card payments, a choice of debit cards including Visa Premier, and checkbook issuance.
- €45/month (excl. tax) PRO Excellence: Offers all PRO Plus features, with unlimited account movement commissions, one free monthly cash deposit through a partner network, and a deferred debit Visa Premier card.
Reviews
Customer feedback for Fiducial Banque points to challenges with customer support responsiveness and the reliability of its digital banking tools. Check out more Fiducial Banque reviews here.
8. Ampere
Ampere is a UK-based financial services provider offering a business current account designed for startups and small to medium-sized enterprises. The company also provides business loans, commercial mortgages, and merchant accounts with settlements occurring twice a week.
The platform includes multi-currency accounts, currency exchange at a rate of 0.35%, and the capability to generate invoices from the bank account. Additionally, it offers business financing solutions with adaptable plans and merchant services with acquiring fees from 0.65%.
Pricing
Here's their pricing at a glance:
- £35 Setup + £20/month Business Account: This fee for UK residents includes the first month's maintenance and card issuance.
- £25 Setup + £10/month Private Account: This cost covers the first month's maintenance and card issuance.
- Free to £25 Transfer Fees: Local transfers in GBP and EUR are free, while international SWIFT transfers incur a £25 fee.
- 0.35% Currency Exchange: This rate applies to GBP and EUR exchanges. ATM withdrawals are subject to a 2% fee plus £1.50 per transaction.
- From IC++0.35% Merchant Fees: Merchant account setup is free, with acquiring fees starting at IC++0.35% for low-risk transactions.
Reviews
User reviews often comment on the platform's interface and multi-currency capabilities. Some customers have noted a need for more advanced business features and additional currency options like USD, while others have reported issues with customer service responsiveness and payment processing. Check out more Ampere reviews here.
9. N26
N26 is a German financial technology company founded in 2013 that provides a fully mobile banking experience. The company offers services including transaction accounts, debit cards, overdrafts, and investment products.
Its platform operates with real-time banking and a user-focused app interface for managing finances. The service also incorporates tools for tracking spending and organizing savings.
Pricing
Here's their pricing at a glance:
- Free N26 Standard: This account has no maintenance fees and includes a virtual Mastercard for online and mobile payments.
- €4.90/month N26 Smart: This plan provides tools for spending and saving, with the option to create up to 10 sub-accounts.
- €9.90/month N26 Go: This account is designed for travel, offering free ATM withdrawals abroad and travel insurance.
- €16.90/month N26 Metal: This premium account includes a metal card, travel insurance, and priority customer support.
Reviews
User feedback often points to challenges with customer support, such as slow response times and unhelpful replies. Some customers have also reported sudden account closures and issues with frozen funds. Check out more N26 reviews here.
10. Mercury
Mercury is a financial technology company that provides online business banking services designed for startups and small businesses. The platform offers FDIC-insured checking and savings accounts, corporate cards, and integrated financial tools.
It allows entrepreneurs worldwide to open accounts for their U.S.-incorporated companies and includes features such as bill pay, invoicing, and accounting automations. The company does not charge monthly account fees or require minimum balances, but applies a 1% fee on currency conversions and has charges for treasury management and mass payments.
Pricing
Here's their pricing at a glance:
- Free Mercury Plan: Offers essential 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 reimbursements and invoicing capabilities.
- $350/month Mercury Pro: Encompasses all features of Mercury Plus along with advanced workflows and dedicated support.
- Custom Plan: Provides tailored pricing and plan options for businesses with balances over $10 million.
- Other Fees: A 1% fee applies to currency conversions, and there are charges for treasury management and mass payments.
Reviews
User feedback on Mercury is mixed, with some customers reporting issues related to account management and customer support responsiveness. Common concerns involve sudden account closures, frozen funds, and delays in payment processing. Check out more Mercury reviews here.
Which One Should You Go With?
Choosing the right financial partner from this list depends on your business's unique demands, and any of these alternatives could be a great fit. However, if you're looking for a modern banking solution built for the digital age, we recommend giving OneSafe a try. Sign up for OneSafe today to see how we can solve your financial headaches.
