/International Business Transfers/Multipass Multi-Currency Account Alternatives

Top 5 Multipass Alternatives for International Business Transfers

Q: Is Multipass the same as a bank?

No, Multipass is a financial services provider, not a bank. It offers business accounts with IBANs, but funds are held with partner banks and safeguarded. If you need traditional banking services like lending, a business bank may be more suitable.

Q: Which provider offers the best FX rates?

Wise offers the mid-market rate with a 0.33% fee, while IFX Payments can offer bespoke pricing from 0.05% depending on your business profile.Airwallex is also competitive at 0.5%–1%.

Q: Who is the best Multipass alternative for batch payments?

IFX Payments and Sokin both support up to 5,000 recipients in one go. Most others cap at 1,000.

Q: Which alternatives offer physical or virtual cards?

Airwallex and Payoneer both offer physical and virtual cards for business expenses. Multipass does too, but only after verification and setup. Wise currently only offers cards in Europe and a few select countries.

Q: What’s the best alternative for receiving marketplace payments?

Payoneer integrates with 2,000+ marketplaces including Amazon, Fiverr, and Upwork. Wise and Airwallex support the major ones too, but Payoneer is more tailored to freelance and marketplace ecosystems.

Multipass offers global IBAN accounts and supports 70+ currencies, but it’s not the only option for international business transfers.

If you're looking for better local account coverage, lower FX rates, cards, or deeper integrations, these Multipass alternatives offer more flexibility depending on your business needs.

Author

Artiom Pucinskij

Last updated on May 16th, 2025

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Top Multipass alternatives at a glance

Here are the top alternatives, and when they might be a better fit:

Wise Business – Ideal for startups and remote teams that want mid-market rates, no monthly fees, and strong integrations with tools like Xero and QuickBooks.
Airwallex – Best for growing businesses that need access to 12+ local accounts, batch payments, and advanced developer tools.
Payoneer – Great for marketplace sellers and USD-based businesses who need flexible payouts via Amazon, Upwork, and similar platforms.
OFX Business – A strong choice for businesses making large international payments and wanting forward contracts or tailored FX strategies.
IFX Payments – Perfect for companies managing global payroll or batch payments of up to 5,000 recipients, with custom FX rates starting from 0.05%.

Why you might need an alternative to Multipass

Multipass is a solid platform for holding and sending money across currencies, especially with its multi-currency IBANs and regulated financial infrastructure.

But depending on your business needs, you might run into a few limitations:

Only 2 local accounts (USD & GBP) compared to up to 12 from competitors
Limited forward contract options, meaning no ability to lock in rates for future transactions
Higher base FX markup (from 1.5%) while other providers offer 0.33%, 0.5%, or even bespoke 0.05% rates
No deep integrations or API customization for automation-heavy businesses
$500 setup fee and monthly fees, which is not ideal for lean teams or cost-sensitive startups

If you’re scaling globally, working with freelancers, paying overseas vendors, or need more hands-on control over your FX, there are better business options.

Before we go over each alternative, here's a quick summary of the best options you have for international business transfers.

Feature	Multipass	Wise	Airwallex	Payoneer	OFX	IFX Payments
Setup Fee	$500	$0	$0	$0	$0	£0
Monthly Fee	From $100	$0	$0	$0 (unused: $29.99)	$0	£0–£25k (bespoke)
Exchange Rate	From 1.5%	0.33%	0.5–1%	~2%	From 1.3%	From 0.05% (FX)
Transfer Fee	From 0.10%	From 0.33%	From $0	Up to 3%	$0	£0–£50
Local Accounts	✅ 2 (USD & GBP)	✅ 10–19	✅ 12	✅ 9	✅ 7	❌ None
Currencies Supported	70+	70+	130+	70+	50+	46 receive / 71 send
Batch Payments	✅ Unlimited	✅ 1,000	✅ 1,000	✅ 1,000	✅ 500	✅ 5,000
Forward Contracts	❌	❌	❌	❌	✅ Yes	✅ Yes (via FX)
Cards	✅ Virtual + Physical	❌ (EU only)	✅ Virtual + Physical	✅ USD, EUR, GBP, CAD	❌	❌
Expense Tools	✅ Yes	❌ US Only	✅ Yes	✅ Yes (basic)	❌	❌
API Access	✅ Yes	✅ Yes	✅ Yes	✅ Yes	✅ Yes (limited)	✅ Yes
Marketplace Integration	❌ None	✅ Amazon, Etsy	✅ Amazon, Shopify	✅ 2,000+ platforms	✅ Amazon, eBay	❌ None
Customer Support	Ticket + email	Online only	Mixed	Mixed + account mgr	24/7 phone support	Dedicated manager

Wise

Wise Business account is the best-known low-cost alternative to Multipass. It's ideal for businesses that prioritize cheap, fast transfers and a user-friendly platform over hands-on support.

While Multipass comes with high fees and no native integrations, Wise offers mid-market rates, a strong app ecosystem, and zero monthly costs.

If you're sending frequent payments internationally and don’t need forward contracts or ATM access in hard-to-reach locations, Wise is a smarter pick.

Wise Business is good if…	Use Multipass if…
Startups and SMEs that want no monthly fee and mid-market FX rates Businesses needing native integrations (e.g., Xero, QuickBooks, Amazon) Companies that prefer DIY finance tools over assigned account managers	You need ATM access or up to 15 physical cards You want to receive payments in currencies like INR or PHP You prefer batch payments with no recipient cap
Visit Wise	Visit Multipass

Here's a quick summary of how the two companies compare:

Feature	Wise Business	Multipass
Monthly Fee	$0	From $100
Setup Fee	$31 per local account (US)	$500
Exchange Rate	Mid-market rate	From 1.5%
Transfer Fee	From 0.33%	From 0.10% (plus FX markup)
Local Accounts	10–19 depending on region	2 (USD + GBP)
Batch Payments	Up to 1,000 at once	Unlimited (value capped at $15,000/txn)
Marketplace Integration	✅ Amazon, Etsy, Upwork	❌ None
Accounting Integration	✅ (Xero, QuickBooks, more)	❌ None
Forward Contracts	❌ Not supported	❌ Not supported
Cards	Virtual + Physical (not in US)	Up to 15 cards per account
ATM Access	✅ (not in US)	✅ Strong support in tough markets
Expense Management	✅ (Limited in US)	✅ (With card control and limits)
Customer Support	Self-service + live support (no manager)	Live support + dedicated account contact
Multi-user access	✅	✅

Pricing & fees

Cost Item	Wise Business	Multipass
Setup Fee	$31 per local account	$500 total
Monthly Fee	$0	From $100
Transfer Fees	From 0.33%	From 0.10% + FX markup
Exchange Rate	Mid-market	From 1.5%
Local Incoming Wires	$6.11 (USD), $10 (CAD)	£20–£30 / 0.10%–0.15% (US)

Local accounts & currency coverage

Feature	Wise Business	Multipass
Local Accounts (US)	10 (AUD, CAD, EUR, GBP, etc.)	USD + GBP
Local Accounts (EU)	19 (inc. JPY, CHF, SGD, TRY)	Not available
Currencies Supported	70+ (hold/send/receive)	70 (send), 16 (receive locally)
Local Payment Support	Full details per currency	Local rails for INR, PHP, etc.

Features

Feature	Wise Business	Multipass
Batch Payments	1,000 recipients max	Unlimited (value-limited)
Cards	Not issued in US	15 per account (virtual + physical)
Marketplace Integration	✅ Amazon, Etsy, Upwork	❌
Accounting Integration	✅ Xero, QuickBooks, etc.	❌
Forward Contracts	❌	❌
Multi-user Access	✅	✅

Read review

Visit Wise

Airwallex

Airwallex is a standout choice for businesses needing a global, scalable platform with modern features.

With 12 local accounts, access to 130+ currencies, and deep integrations with accounting and ecommerce platforms, it offers a more advanced setup than Multipass.

While customer service can be hit-and-miss, the end-to-end product is far more robust for businesses operating in multiple countries.

Airwallex is good if…	Use Multipass if…
Businesses needing multiple local accounts (12+) Companies operating across multiple continents Teams using integrations with Xero, Shopify, or Amazon	You need ATM access or physical cards in hard-to-reach regions You want dedicated support and onboarding You’re okay with fewer features, but need to support tricky currencies like INR or PHP
Visit Airwallex	Visit Multipass

Here's a quick summary of how the two companies compare:

Feature	Airwallex	Multipass
Monthly Fee	$0	From $100
Setup Fee	$0	$500
Exchange Rate	From 0.5%	From 1.5%
Transfer Fee	Free (SWIFT: $10–$25)	From 0.10% + FX
Local Accounts	12 accounts covering ~40 countries	2 (USD + GBP)
Currencies Supported	130+	70 (16 local)
Batch Payments	Up to 1,000	Unlimited (max $15k/txn)
Marketplace Integration	✅ Amazon, Shopify, Lazada	❌ None
Accounting Integration	✅ Xero, QuickBooks, Odoo	❌ None
Forward Contracts	❌ None	❌ None
Cards	✅ Multi-currency virtual & shared cards	✅ Up to 15 cards per account
ATM Access	❌ Not available	✅ Strong support
Expense Management	✅ Real-time + layered approvals	✅ Limited, via cards
Customer Support	Mixed, online-first	Stronger onboarding and dedicated contact

Pricing & FX fees

Cost Item	Airwallex	Multipass
Setup Fee	$0	$500
Monthly Fee	$0	From $100
Transfer Fees	Free (SWIFT: $10–$25)	From 0.10% + FX markup
Exchange Rate	0.5%–1% above interbank	From 1.5%
Domestic Cards	2.80% + $0.30	Not charged separately
International Cards	4.30% + $0.30	Not applicable

Local accounts & global reach

Feature	Airwallex	Multipass
Local Accounts	12 (USD, EUR, GBP, HKD, SGD, etc.)	2 (USD + GBP)
Countries Covered	~40 with local account access	16 local currencies (no accounts)
Total Currencies Supported	130+	70 (send), 16 (receive locally)
Payment Methods	ACH, SEPA, SWIFT, Faster Payments	Wide local rails

Features, cards & integrations

Feature	Airwallex	Multipass
Batch Payments	1,000 recipients	Unlimited ($15,000 cap/txn)
Marketplace Integration	✅ Amazon, Shopify, Lazada	❌ None
Accounting Integration	✅ Xero, QuickBooks, Odoo	❌ None
Multi-currency Cards	✅ Virtual & shared cards	✅ Up to 15 per account
ATM Access	❌	✅
Expense Management	✅ With layered approvals	✅ With card spend control

Read review

Visit Airwallex

Payoneer

Payoneer shines as a flexible, global platform for receiving payments, especially from marketplaces like Amazon, Upwork, or Fiverr.

It supports 9 local accounts and 190+ countries, with excellent integration across e-commerce and freelancer platforms.

While Multipass may edge it on rates and transfer control, Payoneer is much stronger for inbound payments and everyday business operations in emerging markets.

Payoneer is good if…	Use Multipass if…
Businesses receiving from Amazon, Upwork, or Etsy Companies operating in emerging or high-risk markets Teams needing USD, GBP, EUR, or CAD card spend control	You want tighter FX margin control You require virtual IBANs and multi-currency treasury tools Your focus is enterprise-grade money movement, not marketplace payments
Visit Payoneer	Visit Multipass

Here's a quick summary of how the two companies compare:

Feature	Payoneer	Multipass
Monthly Fee	None ($29.99 annual if inactive)	From $100
Setup Fee	$0	$500
Exchange Rate	2%	From 1.5%
Transfer Fee	Up to 3%	From 0.10% + FX
Local Accounts	9 (USD, EUR, GBP, etc.)	2 (USD + GBP)
Currencies Supported	70+ (send/receive), 190+ country support	70 (send), 16 (receive locally)
Batch Payments	Up to 1,000	Unlimited (max $15k/txn)
Marketplace Integration	✅ Amazon, Upwork, Etsy, Airbnb	❌ None
Accounting Integration	✅ Xero, QuickBooks	❌ None
Forward Contracts	❌ Not supported	❌ Not supported
Cards	✅ Physical + virtual (USD, EUR, GBP, CAD)	✅ Up to 15 cards per account
ATM Access	✅ Available	✅ Strong support
Expense Management	✅ Per card and category control	✅ Limited, via cards
Customer Support	24/7 + account managers at higher tiers	Dedicated onboarding & support

Pricing & FX fees

Cost Item	Payoneer	Multipass
Setup Fee	$0	$500
Monthly Fee	None (or $29.99 annual if inactive)	From $100
International Transfers	Up to 3%	From 0.10% + FX markup
Exchange Rate Margin	~2%	From 1.5%
Domestic Transfers (USD→USD)	$1.50	Free if in-network
Card Transactions (FX)	Up to 3.5%	Variable per card
ATM Withdrawals	$3.15 / €2.50 / £1.95	Included (limits vary)

Local accounts & global reach

Feature	Payoneer	Multipass
Local Accounts	9 (USD, EUR, GBP, CAD, SGD, AED, etc.)	2 (USD + GBP)
Countries Supported	190+	~40
Payment Methods Supported	Cards, local transfers, ACH, PayPal	Local rails, SWIFT, cards
Marketplace Payouts	✅ Supported	❌ Not supported

Features, cards & integrations

Feature	Payoneer	Multipass
Batch Payments	Up to 1,000	Unlimited (with $15k/txn cap)
Virtual Cards	✅ Multi-currency virtual cards	✅ Up to 15 per account
ATM Access	✅	✅
Expense Tracking	✅ Per card	✅ Limited
Forward Contracts	❌ None	❌ None
Accounting Integration	✅ Xero, QuickBooks	❌ None
API Access	✅ Supported	✅ Supported
Dedicated Support	✅ At higher volumes	✅ Available at all tiers

Read review

Visit Payoneer

OFX Business

OFX

OFX Business is a strong pick for companies sending large volumes internationally, especially those needing forward contracts and 24/7 phone support.

Multipass wins on interface polish and flexibility with virtual IBANs, but OFX stands out for enterprise-level sending and regulatory coverage, with no limits and helpful hedging options.

OFX Business is good if…	Use Multipass if…
High-volume transfers with no caps or restrictions Businesses needing forward contracts for FX risk 24/7 live phone support and strategic input on large transfers	You need a modern, all-in-one UI for treasury ops You prefer virtual IBANs over traditional bank infrastructure You want expense tracking tools or a cleaner SME experience
Visit OFX Business	Visit Multipass

Here's a quick summary of how the two companies compare:

Feature	OFX Business	Multipass
Monthly Fee	$0	From $100
Setup Fee	$0	$500
Exchange Rate	From 1.3%	From 1.5%
Transfer Fee	$0	From 0.10% + FX
Local Accounts	7 (AUD, CAD, USD, GBP, EUR, HKD, SGD)	2 (USD + GBP)
Currencies Supported	50+	70+ (send), 16 (receive locally)
Batch Payments	✅ Up to 500	✅ Unlimited (with per-transaction cap)
Forward Contracts	✅ Supported	❌ Not supported
Cards & Expense Management	❌ Not available	✅ Cards + category spend tools
Accounting Integration	❌ Xero only	❌ None
API Options	✅ Excellent API (used by Moneycorp)	✅ Available
ATM Access	❌ None	✅ Yes
Customer Support	24/7 live phone + email	Dedicated onboarding and ticket support

Pricing & FX fees

Cost Item	OFX Business	Multipass
Setup Fee	$0	$500
Monthly Fee	$0	From $100
International Transfers	$0	From 0.10% + FX
Exchange Rate Margin	From 1.3%	From 1.5%
Forward Contracts	✅ Supported	❌ Not available
Batch Transfer Cost	$0	Variable depending on size

Currency coverage & local accounts

Feature	OFX Business	Multipass
Local Accounts	7 supported	2 (USD + GBP)
Account Details Offered	Full local details (IBAN/SWIFT)	Virtual IBANs
Currencies (send/receive)	50+ sending	70+ sending, 16 receiving
Marketplace Integration	✅ (Amazon, eBay, Wish)	❌ None

Features, API & integrations

Feature	OFX Business	Multipass
Batch Payments	✅ 500 max	✅ Unlimited
Accounting Integration	❌ Xero only	❌ None
Virtual/Physical Cards	❌ Not offered	✅ Offered
API & Developer Tools	✅ Excellent, used by banks	✅ Available
Marketplace Integration	✅ Amazon, eBay, Wish	❌ None
Dedicated Support	✅ 24/7 phone + onboarding	✅ Available at all tiers

Read review

Visit OFX

IFX Payments

IFX Payments stands out as a streamlined solution for companies handling complex international payments, especially those who prioritize batch efficiency and FX strategy.

Compared to Multipass, IFX offers more control over rates and mass payments, but lacks cards, local accounts, and accounting integrations.

Wise Business is good if…	Use Multipass if…
Large batch payments (up to 5,000 per run) Tailored FX pricing and forward contracts UK-based businesses wanting direct, dedicated support	You want local accounts for more seamless global banking You need extensive tracking tools or business cards You prefer a plug-and-play setup without custom negotiation
Visit IFX Payments	Visit Multipass

Here's a quick summary of how the two companies compare:

Feature	IFX Payments	Multipass
Monthly Fee	From £0 (varies by usage)	From $100
Setup Fee	£0	$500
Exchange Rate	From 0.05% (bespoke)	From 1.5%
Transfer Fee	£0 – £50	From 0.10% + FX
Local Accounts	❌ None	✅ 2 (USD + GBP)
Multi-Currency IBAN	✅ 46 receive, 71 send	✅ 16 receive, 70+ send
Batch Payments	✅ Up to 5,000	✅ Unlimited (per transaction limits apply)
Forward Contracts	✅ Supported via FX brokerage	❌ Not supported
Cards & Expense Management	❌ Not available	✅ Cards + spend controls
Accounting Integration	❌ None (API only)	❌ None
API Options	✅ Yes	✅ Yes
ATM Access	❌ None	✅ Yes
Customer Support	Dedicated UK support via account manager	Ticket and email-based

Pricing & FX fees

Cost Item	IFX Payments	Multipass
Setup Fee	£0	$500
Monthly Fee	£0 – £25,000 (based on usage)	From $100
Transfer Fee	£0 – £50	From 0.10% + FX
Exchange Rate Margin	From 0.05% (bespoke)	From 1.5%
Forward Contracts	✅ Via brokerage	❌ Not supported

Currency & Account capabilities

Feature	IFX Payments	Multipass
Local Accounts	❌ None	✅ 2 (USD & GBP)
Virtual IBAN	✅ 1 multi-currency account	✅ Separate IBANs
Currencies Supported	✅ 46 receive, 71 send	✅ 16 receive, 70+ send
Interest on Balances	❌ Not available	❌ Not available
Marketplace Integration	❌ None	❌ None

Platform & payments

Feature	IFX Payments	Multipass
Batch Payments	✅ Up to 5,000	✅ Unlimited (subject to internal limits)
Expense Tools	❌ Not available	✅ With card-linked tracking
Accounting Integration	❌ None (API access only)	❌ None
Cards	❌ Not offered	✅ Available
API Support	✅ Full developer docs and sandbox	✅ Available
Customer Support	✅ Dedicated account manager (UK-based)	✅ Onboarding & support tickets

Read review

Visit IFX Payments

Although these are some of the best companies to replace Multipass, we strongly recommend you run a quick search below to get the latest rates and deals tailored to your business needs.

If you’re still unsure and want to know more, we’ve created in-depth reviews for each of these companies.

Equals Money

Before going into more details, here’s a quick summary of the benefits and drawbacks of Equals Money.

Artiom Pucinskij

November 27th, 2025

WorldFirst

Before going into more detail, here’s a quick summary of the benefits and drawbacks of WorldFirst.

Artiom Pucinskij

November 26th, 2025

IFX Payments Review

Their flagship product, ibanq, provides multi-currency virtual IBAN accounts, enabling businesses to receive, hold, and send funds across borders, giving companies greater control over their global cash flow. Their mass payment functionality simplifies payroll and supplier payments, even across multiple currencies, ensuring businesses can process international payments in bulk without opening local currency accounts.

Artiom Pucinskij

August 29th, 2025

Wise Business Review

Our key measures when testing Wise Business for international business transfers were the product offering, cost, speed, safety and customer satisfaction. We've covered the key points in the table below and each element in more detail throughout the review.

Keith Hodges

October 10th, 2024

A bit more about Multipass alternatives

Is Multipass the same as a bank?

Which provider offers the best FX rates?

Who is the best Multipass alternative for batch payments?

Which alternatives offer physical or virtual cards?

What’s the best alternative for receiving marketplace payments?

Help & FAQ

Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.

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Contributors

Author

Artiom Pucinskij

artiom.pucinskij@intent.uk

With 6+ years of hands-on experience in international money transfer services, Artiom has tested and analyzed dozens of companies, services, and apps firsthand. From sending money between the UK, EU, US, JP, and ID, to helping friends and family transfer large amounts abroad, he combines deep personal experience with industry insight. He has worked on content and product at MoneyTransfers.com since 2019, with a focus on FX rates, transfer apps & companies, and comparison tools. His work has been featured in Forbes, Yahoo Finance, Decrypt, PoundSterling, and more.

artiom.pucinskij@intent.uk