MultiPass vs. Wise

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MultiPass
Score 8.0 out of 10
N/A
MultiPass (formerly DynaPay) is a UK-based Fintech platform providing multi-currency payment accounts for businesses worldwide. The world of cross-border business transactions gets increasingly complex. MultiPass aims to develop a neo-bank solution that will meet the need for reliable and transparent payments for businesses transacting globally or looking to expand their operations overseas.N/A
Wise
Score 9.4 out of 10
N/A
Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting cheaper rates than traditional banking options. It also helps to make faster, lower-cost payouts to all business customers, freelancers, employees, investors, and suppliers around the world.
$0.02
One time/%
Pricing
MultiPassWise
Editions & Modules
No answers on this topic
ATM Fees over 100 USD per month
2%
One time/%
Accounting Funding transactions
2%
One time/%
Receiving USD wire payments
4.14 USD
One time/%
Getting the Wise Debit card
5 USD
One time/%
Getting account details in 10 currencies
31 USD
One time/%
Sending money
From 0.41%
One time/%
Converting money
From 0.41%
One time/%
Offerings
Pricing Offerings
MultiPassWise
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Community Pulse
MultiPassWise
Considered Both Products
MultiPass
Chose MultiPass
In my business career I used many payment gateway system but MultiPass is one of the best Solution compared to others. Xoom, Skrill & others are too much complicated. They wants lots of documents for seamless transactions. But MultiPass is easy to set up. It is customizable & …
Wise
Chose Wise
Wise has great transfer fees, while Stripe has online payment options. We are using both services since Stripe can be connected to our invoicing platform, and our clients can pay us with a few clicks. Wise, as far as I know, does not offer such integration, and all transfers …
Chose Wise
I used all of them and some more like Skrill, Neteller. Wise just worked better for me in most cases. Also, I use Payoneer a lot. When I started freelancing I was only using Payoneer, so it's been with me forever. But Wise worked pretty well for me, at least better than Remitly.
Chose Wise
Apple Pay has high fees and hidden charges, not easy to use and it does not really support enterprises. It is also not regulated by MAS so we don't feel safe using it. Transferwise account was easy to set up (within minutes), the admin fee is low and the pricing is very …
Chose Wise
Stripe is good and convenient as well. However to setup something more in-depth as an invoicing platform, Stripe definitely is more flexible. The only downside to Stripe is.. It takes a higher transfer fee as compared to TransferWise.
Chose Wise
With Revolut, taxes are lower (even for free) for small number of transfers and small amounts. It all depends on the individual needs. However, Revolut is worse with regards to user experience and interface, what is something to consider (specially when dealing with the upload …
Chose Wise
We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case …
Chose Wise
TransferWise beats all the competition on transaction rates, and it's easy to use. I literally have found no drawbacks in using TransferWise to pay my overseas contractors, and they prefer it too. I found it because my contractor recommended it to me, and it's better AND …
Chose Wise
We have used Xoom and PayPal Payments, but TransferWise works for additional countries and has more transparent fees.
Chose Wise
We cannot send to certain locations that we need to, but with TransferWise we can.
Chose Wise
TransferWise was the only solution that we've found that will allow us to facilitate ACH payments that result in an overseas deposit. The fact that you can transfer money to TransferWise and that they can then make a local transfer is awesome. The fees are totally worth it with …
Chose Wise
We had used bank transfers for several years, but TransferWise outdoes them in almost all aspects. It leaves out most of the bureaucracy, and it is agile and much cheaper. Also, TransferWise reliably sends messages as each step of the transaction is completed. Perhaps …
Best Alternatives
MultiPassWise
Small Businesses

No answers on this topic

Square Invoices
Square Invoices
Score 9.2 out of 10
Medium-sized Companies

No answers on this topic

Apple Pay
Apple Pay
Score 9.1 out of 10
Enterprises

No answers on this topic

Checkout.com
Checkout.com
Score 10.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MultiPassWise
Likelihood to Recommend
8.0
(0 ratings)
9.0
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(0 ratings)
User Testimonials
MultiPassWise
Likelihood to Recommend
Multipass gateway solution provides a wide range of features for both merchants and their customers. Merchants can get their foreign payments directly to their bank account. It offers multiple currency payment & international money exchange rate. All of our customer information & payment activity can be tracked by it's online merchant portal. I suggest it to small business owners who are searching for a secured & reliable payment gateway system
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Transferwise it is great for transferring money across countries (never for transfers within the same country) and when the countries in question use different currencies. It is very quick, especially if the amount is not big. For larger amounts, it would take longer so it would be good only if you are not time-constraint.
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Pros
  • We can create our own hosted business related payment page through MultiPass.
  • Recurring billing option can be setup for our customers.
  • It provides merchant centre for businesses. Multipss gateway merchants can access all of their real time transactions activity & customer information.
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  • Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
  • Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
  • Affordable - the fees on both ends were minimal.
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Cons
  • They provide customer service over the week but sometimes they are unreachable.
  • MultiPass charge monthly maintenance fee, sometimes it is unaffordable for small businesses.
  • Their online Merchant Center sometimes stuck suddenly.
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  • TransferWise (at the time of this review) does not allow one to transfer money to all kinds of business accounts. This can be a limitation for people who want to use it as a way to pay directly for goods and services.
  • Sometimes it has problems with some credit cards. But the most popular types are accepted without problems.
  • TransferWise accepts fewer currencies than other services. But it seems like this is a temporary problem, and the company is making efforts to support transferences to all of the currencies.
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Support Rating
No answers on this topic
We haven't really had to engage with TransferWise support. The platform is simple and easy to use.
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Alternatives Considered
In my business career I used many payment gateway system but MultiPass is one of the best Solution compared to others. Xoom, Skrill & others are too much complicated. They wants lots of documents for seamless transactions. But MultiPass is easy to set up. It is customizable & secured. It provides exact currency exchange rates like international market. Their customer support solve each problem instantly. MultiPass adds great value into small businesses. That's why i prefer it amongst all.
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Apple Pay has high fees and hidden charges, not easy to use and it does not really support enterprises. It is also not regulated by MAS so we don't feel safe using it. Transferwise account was easy to set up (within minutes), the admin fee is low and the pricing is very transparent (no hidden fee). Lastly, we needed a platform which is safe to use and we are happy to know that Transferwise is regulated by the MAS of Singapore.
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Return on Investment
  • Our international sale increase day by day when we setup international payment system through MultiPass.
  • We can collect various customer information by it's merchant portal.
  • We can collect payments directly to our bank.
  • Real time transactions can be tracked by it.
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  • We can save around 5% on our transfer fees
  • The online account management is easier than going into banks personally
  • There's no negative impact...
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ScreenShots