Top 10 Alternatives to Payhawk

In this article, we will explore alternatives to Payhawk, a platform designed to manage and control global business spend. Payhawk offers a range of services including corporate cards, accounts payable management, and expense management, all integrated with ERP and accounting systems to provide real-time visibility and control over operational spend.

Reviews

Users have shared a mix of positive and negative feedback about Payhawk. Many appreciate the platform's ease of use, highlighting its minimal learning curve and efficient expense management features. The automatic recognition of tickets and the ability to pay in bulk are particularly praised for saving time and streamlining processes. However, some users have expressed frustration with certain aspects, such as occasional glitches and the need for more robust customer support. Overall, while Payhawk is lauded for its user-friendly interface and time-saving capabilities, there are areas where users feel improvements could be made.

• "The UI is great! Not much of a learning curve, so getting full use out of the system is a simple process." - John Doe
• "I like the automatic recognition of the tickets; it saves a lot of time in expense reporting as before it took a few hours each month." - Jane Smith

For more detailed reviews, visit Payhawk Reviews.

Best alternatives to Payhawk

1. OneSafe

OneSafe is a financial technology company offering a comprehensive financial platform for startups and businesses that operate in both fiat and cryptocurrencies. It provides services such as global payments, corporate cards, multi-currency support, and seamless payment options, all through a user-friendly interface.

• Features: Simple onboarding, global payments in various currencies, user-friendly corporate cards with spend limits, multi-currency support, ability to open and manage global accounts, versatile payment options including wire, ACH, and foreign exchange, robust security measures, near-instantaneous currency conversions.
• Pricing: Account opening is free, no minimum balance required, no monthly fees, corporate cards and invoices included, 0.1% fee for US domestic payments, 0.2% fee for SEPA payments, 0.2% fee + $25 for international wires, $20 for Fedwire, 1% FX fee on corporate cards, 0.1% fee for USDT transactions, fiat to crypto conversion included.
• Testimonials: Users praise OneSafe for its exceptional customer support and game-changing solutions. It simplifies payroll and expense management, making it an essential tool for Web3 organizations. For more details, visit the OneSafe website.

2. Multipass

MultiPass offers a business account service for global payments, featuring dedicated IBANs, payment cards, and competitive exchange rates for over 70 currencies. It provides a personal account manager to support business payments and complex transactions. The service is designed to facilitate international financial transactions, making it easier for businesses to send, receive, and exchange money globally.

• Features: Dedicated IBAN, payment card, bank-beating exchange rates for over 70 currencies, personal account manager, transact in over 200 countries, local payments in the UK, Europe, and the USA, bespoke business solutions like Virtual IBAN, Currency Exchange, Mass Payments, API Integration, and Business Cards, FCA authorization, recognized for innovation and excellence.
• Pricing: Account opening and due diligence from £500, priority onboarding £500, additional user £100, annual due diligence from £100, monthly maintenance fee from £100, minimum balance from 3 monthly fees, local EU (SEPA / SEPA Instant) incoming €2, outgoing from 0.10% (min €10), local UK (Faster Payments) incoming free, outgoing £1, international (SWIFT) incoming £20 / €25 / $30, outgoing £40 / €50 / $60, plastic card issuance £10 / €12, virtual card issuance free, FX markup 1.5%.
• Testimonials: Users generally appreciate the reliable service and exceptional support team. Positive: "I would strongly recommend the Multipass solution for any business. I would especially like to commend their exceptional support team. In particular, I am grateful to Irina Parsina for her invaluable assistance. Her help has been truly outstanding and cannot be overstated." - Alexey Umilin. Negative: "Don't use Multipass for transfers. They're not reliable or helpful. Find someone else you can trust. Save yourself the hassle and seek out more dependable partners." - Anders from Entreprenor Aps. For more reviews, visit Trustpilot.

3. Brex

Brex offers a comprehensive financial platform for businesses, including corporate credit cards, expense management, business banking, bill pay, and travel management. The platform leverages AI to automate financial processes, improve efficiency, and provide real-time tracking and control over expenses.

• Features: AI-powered automation for approvals, expense reports, invoice entry, and accounting tasks, services available in 120+ countries, high-yield savings with a 4.24% yield on business accounts, real-time tracking and adjustments for budgets and expenses, up to 20x higher credit limits compared to traditional options, vendor-specific cards with per-transaction limits and procurement approval flows, thousands of two-way ERP integrations for seamless accounting, high compliance rates and additional FDIC insurance up to $6M.
• Pricing: Essentials Plan at $0 per user per month, Premium Plan at $12 per user per month, Enterprise Plan with custom pricing, Smart Card with custom pricing.
• Testimonials: Users generally appreciate Brex for its ease of use and comprehensive features. Positive: "Brex is really easy to use, and covers all of our needs. We were previously at a bank that was very old fashioned with limited online services. We started using Brex just for our corporate cards, but found it so good that we moved all of our business banking over to their platform." - Theresa M. Negative: "When typing in descriptions or other details on the app if you make a mistake and try to correct it the typing always goes to the end of the sentence, even if you started at the beginning. It is so weird. You always have to delete whatever you typed and start all over. I hope they fix this." - Mike A. For more reviews, visit G2.

4. Reap

Reap provides financial solutions to help businesses achieve global financial goals by accessing essential financial infrastructure. Their suite of products and services enables businesses to thrive in a connected and borderless world.

• Features: Reap Card with flexible bill repayment options in fiat or digital currencies, Reap Pay for payments in preferred currencies, Card Issuing API for launching card programs, Payment API for cross-border payouts, PCI compliance, licensed and regulated operations, sophisticated fraud prevention tools, secure sandbox testing, robust API documentation, rapid deployment, dedicated support.
• Pricing: Free physical and virtual cards, free annual fee, 1.2% handling fee for stablecoins, 2% ATM withdrawal fee, 2% FX fee, 1.8% fee for bank transfers with Reap Card, 0.8% fee for stablecoins, $25 cross-border payment fee, 0-5 USD local payment fee, variable FX fee, no extra fee for T+1 day payouts, free card-level and team-level spend controls, unlimited team members, free multi-entity management, free real-time spend analytics, free Xero integration, free receipt collection and auto-matching.
• Testimonials: Users generally appreciate Reap for its user-friendly onboarding and helpful team. Positive: "Reap had a very user-friendly onboarding experience. The team is friendly and helpful. The product (REAP card) is very easy to use and helps with our operations a lot." Negative: "The only downside would be limitations in terms of setting categories. However, I discussed this with their product team and they are going to look into it. Very helpful!" For more reviews, visit G2.

5. Niural

Niural is an all-in-one platform for modern US Payroll, PEO, Global EOR, Contractor management, and Bill Payments in over 150 countries. It is powered by advanced AI technology, specifically NIURAL AI, which enhances the efficiency and compliance of HR, finance, and operations teams.

• Features: Powered by NIURAL AI, hire globally with ease, pay your team in minutes, hire in days not months, full tax compliance.
• Pricing: Employer of Record starts at $499/mo per employee, Niural Armor at $299/mo per contractor, Hire & Pay Contractors at $49/mo per contractor, Basic Plan at $70/mo + $5/month per employee, Plus Plan at $100/mo + $15/month per employee, Web3 Only Payroll at $19 per member/month + $100 platform fee, Enterprise Plan with custom pricing, PEO Basic at $59/month per employee, PEO Plus at $99/month per employee (paid annually).
• Testimonials: Users generally appreciate Niural for its comprehensive features and ease of use. Positive: "Niural has streamlined our payroll process, making it incredibly efficient." Negative: "The platform occasionally experiences glitches that can be frustrating." For more reviews, visit Trustpilot.

6. Mercury

Mercury offers online business banking services designed to simplify financial workflows for startups. The platform provides a range of features including checking and savings accounts, credit cards, bill pay, invoicing, expense management, and accounting automations. Mercury aims to streamline financial operations, enhance security, and support business growth through integrated financial tools and expert resources.

• Features: Manage all banking tasks from a single dashboard, auto-transfer rules and free USD wires, early access to credit cards with low deposit minimums and 1.5% cashback, FDIC insurance, regulated partners, fraud monitoring, AI-powered bill pay, seamless invoicing, expense management, accounting automations, high-yield treasury accounts, venture debt, fundraising tools like SAFEs, access to a network of investors, founders, and industry experts through Mercury Raise.
• Pricing: Mercury offers three main plans: Mercury at $0/month, Mercury Plus at $35/month, and Mercury Pro at $350/month. The basic plan includes essential business banking features, while the Plus and Pro plans offer additional features like recurring invoicing, more active users, advanced workflows, and dedicated support. Custom solutions are available for enterprise clients.
• Testimonials: Users generally appreciate Mercury for its ease of use and powerful API, but some have experienced issues with account closures and customer support. Positive: "The application process was very simple and the approval came within 24 hours. I use Mercury for all my business endeavors. Their powerful API allows me to integrate into other systems that I build for my businesses." - Andrew. Negative: "Mercury closed my account with funds inside and refuses to even respond to any of my emails. Please address my issue before I take legal actions." - Ebraam Mansy. For more reviews, visit Trustpilot.

7. N26

N26 is a mobile banking service that offers a range of financial products and services through an intuitive app. It provides various account plans (Standard, Smart, You, Metal) with features like virtual Mastercard, free ATM withdrawals, 24/7 chat support, and robust security measures.

• Features: Virtual Mastercard, free ATM withdrawals in euros and abroad, 24/7 chat support in five languages, innovative security measures including 3D Secure and biometric authentication, instant savings with competitive interest rates, investment options in stocks, ETFs, and cryptocurrencies, multiple account plans tailored to different needs, fully mobile banking experience.
• Pricing: N26 Standard: €0.00/month, N26 Smart: €4.90/month, N26 You: €9.90/month, N26 Metal: €16.90/month.
• Testimonials: Users generally appreciate N26 for its digital features and ease of use, but some express dissatisfaction with customer support. Positive: "Friendly and solution-oriented Service - and they found a solution. Great 🤩" - SM. Negative: "Terrible customer service, total rubbish. I have a paid account and the phone line never works. I have been trying to dispute a transaction for two weeks and they don't even answer my messages and the chat service takes more than an hour to answer and they don't resolve the issue." - Edna Diaz. For more reviews, visit Trustpilot.

8. Novo

Novo offers online business checking accounts with no hidden fees, no minimum balance requirements, and 100% online access. The service includes free ACH transfers, free incoming wires, secure payments, and free virtual and physical debit cards. Novo also provides tools for invoicing, bookkeeping, budgeting, and funding, along with personalized customer service.

• Features: No hidden fees, no minimum balance requirements, 100% online access, free ACH transfers, free incoming wires, free virtual and physical debit cards, ATM fee reimbursement up to $7/month, AI-powered bookkeeping, automated budgeting with Reserves, integration with top business tools, exclusive partner discounts, personalized customer service, FDIC insurance up to $250,000 via Middlesex Federal Savings, F.A.
• Pricing: Novo offers a straightforward pricing model with no hidden fees and no minimum balance requirements. The service includes free ACH transfers, free incoming wires, and free virtual and physical debit cards. Additionally, Novo reimburses ATM fees up to $7 per month.
• Testimonials: Users generally appreciate Novo for its ease of use and comprehensive features. Positive: "Novo: A Game-Changing Small Business Bank for Simplified Finances and Unbeatable Support" by Lisa Benson. Negative: "This bank is terrible. I had a business account with a small balance on it and when I tried to log in my password wouldn’t work. Contacted customer service and they said my account was closed due to inactivity. Isn’t that great when someone closes your account without even notifying you." For more reviews, visit Trustpilot.

9. OneMoneyWay

OneMoneyWay is a digital platform offering seamless global payments, secure transfers, virtual and physical payment cards, business accounts, card acquiring, and payment terminals. The platform supports SMEs of all sizes and structures, providing services like international transfers, FX services for 24+ currencies, and various payment methods including SWIFT, SEPA, US ACH, Faster Payments, and DKK Payments.

• Features: Fast onboarding, top-grade security, low monthly fees, invoicing module, local IBAN accounts, corporate cards, 24/7 support with a dedicated account manager.
• Pricing:
  • Starter Plan: £49/month (billed annually), maximum revenue: 100,000 GBP, includes 1 Business Account, 1 Physical Mastercard, 1 Virtual Mastercard, exchange between 24+ currencies, Invoice Module, local clearing options, Danish account and REG.NR., Dedicated Account Manager.
  • Business Plan: £99/month (billed annually), maximum revenue: 2,000,000 GBP, includes up to 3 Business Accounts, 2 Physical Mastercards, 3 Virtual Mastercards, exchange between 24+ currencies, Invoice Module, local clearing options, Danish account and REG.NR., Dedicated Account Manager.
  • Enterprise Plan: Custom pricing, maximum revenue: Unlimited, includes unlimited Business Accounts, Physical and Virtual Mastercards, exchange between 24+ currencies, Invoice Module, local clearing options, Danish account and REG.NR., Dedicated Account Manager.
• Testimonials: Users generally appreciate OneMoneyWay for its exceptional customer service and quick response times. Positive: "OMW really deserve 5 stars. Immediate reaction once I applied. Special mention for DENNI." - Axel. Negative: "Read the conditions carefully and disregard verbal promises. Verbally promised me that I could freeze the account, but I was billed as soon as the account was created." - Simon. For more reviews, visit Trustpilot.

10. Tide Bank

Tide offers a smart business bank account with no monthly fees, providing features like simple payment solutions, built-in accounting, and a dedicated savings account with 4.07% AER variable interest. The account can be opened in minutes, and it includes benefits such as personalized invoicing, business savings, simple accounting integration, 24/7 security, and support.

• Features: £0/month fees, personalized invoicing, business savings with 4.07% AER variable interest, simple accounting integration, 24/7 account monitoring, 24/7 support, payment links, auto-categorisation, direct debit management, Apple/Google Pay, international payments, CSV exports.
• Pricing: Tide offers a straightforward pricing model with no monthly fees. Users only pay for what they use, with low transaction and ATM fees. Additional services like international payments and direct debit management may incur separate charges.
• Testimonials: Users generally appreciate Tide for its quick and efficient service in opening business accounts and the helpfulness of customer service representatives. Positive: "A super fast track way of starting a business account in one day." - Jason K. Negative: "Terrible experience. Paused our account without warning." - Alex. For more reviews, visit Trustpilot.

Which one should you go with?

In conclusion, while each of these platforms offers unique features and benefits tailored to different business needs, OneSafe stands out for its comprehensive financial solutions, exceptional customer support, and seamless integration of fiat and cryptocurrencies. Whether you're a startup or an established business, OneSafe provides a user-friendly interface and robust security measures that make managing global payments and expenses a breeze. While any of these alternatives could be a good fit, we recommend OneSafe if you're looking for a reliable and versatile financial platform to streamline your operations and support your growth.