Great multi-currency wallet
Use Cases and Deployment Scope
I use amnis mainly to receive foreign currencies. My customers are stationed in the EU, Switzerland, Great Britain and other countries. As such, I receive a lot of foreign currencies and needed a wallet to receive everything under one umbrella. Before amnis, my bank forced me to convert the currencies, which came with high fees.
Pros
- Sending, holding and receiving multiple currencies into one single wallet.
- Very cheap FX and global transaction costs
- Multi-currency debit cards
- A market place for 3rd party integrations
- Makes bookkeeping easier
Cons
- At first, I had trouble understanding all the features, likely due to the large number of services offered.
Return on Investment
- No SWIFT fees anymore
- No forced currency conversions
- Time savings due to accounting features
- As a very small company owner, I probably save hundreds of Euros a month. I am sure bigger companies can save 4 to 5 digits.
Usability
Alternatives Considered
PayPal Enterprise Payments
Other Software Used
bexio
