Overview
What is Volopay?
Volopay is a business account that offers corporate payment cards, credit line, money transfer facilities and accounting automation on a single platform. By using this platform, modern businesses of all sizes can avail cashback of upto 2% on all their…
Pricing
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- Setup fee optional
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Details
- About
- Competitors
- Tech Details
What is Volopay?
Volopay is a business account that offers corporate payment cards, credit line, money transfer facilities and accounting automation on a single platform. By using this platform, modern businesses of all sizes can avail cashback of upto 2% on all their FX transactions and according to the vendor save, as compared to conventional business bank accounts.
Furthermore, Volopay allows users to allocate individual payment cards to employees, create strategic budgets, allocate funds, create approval policies and sync expenses into an accounting software. Thus acting as a complete business expense management solution tool over an addition to the user's business account. It can be considered as the go-to solution for SMEs looking for credit facilities for their day- to-day expenses with no undercovered interest charges and an extremely quick credit scoring process of 48 hours.
Enjoy these distinct benefits today with no annual charges or cap on minimum spendings.
Pros-
Cashback of 2% on Fx transactions (On all merchants - No Limitation)
No annual fees or minimum spend
Credit up to $500K
Expense management software
Real-time spend tracking
Partner benefits up to $35K
Unlimited virtual cards
Accounting automation (Xero, Quickbooks, Netsuite, and custom integrations)
Employee reimbursement tool included
24*7 customer support
Volopay Competitors
- Expensify
- Divipay
- Spenmo
Volopay Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
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Reviews
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- Pros
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Volopay has become an indispensable tool for modern businesses as it eases the burden of expense management. Users have found that Volopay simplifies the tracking and processing of expenses by providing easy access to spend reports and receipt management. The Volo card provided by Volopay is particularly useful to finance, procurement, and engineering teams of global businesses as it allows them to make volume forex payments on cards and regular bills with great ease.
The implementation process for Volopay was clear and concise, with knowledgeable onboarding personnel that helped users get started with minimal hassle. The online support provided by Volopay is highly regarded among users, with proactive customer service and helpful live chat support available for resolving issues or clarifying questions. Users have found that Volopay is a better alternative to more expensive ERPs or simple excel-based control systems with a bank account. Additionally, the support team's willingness to listen to feature requests has made the overall experience positive for users.
Easy to use platform: Multiple reviewers have praised the user-friendly interface of Volopay, making it easy for beginners or those who are not tech-savvy. Users also appreciated the intuitive features that make account management seamless and effortless.
Good expense tracking: Several users were impressed with the accurate and efficient money usage tracking of Volopay, which makes monthly reconciliation across organizations simple. The platform's ability to provide a list of expenses was also commended by multiple reviewers.
Convenient virtual card feature: Many users found the virtual card function on Volopay to be very useful as it allows them to use debit cards worldwide. Additionally, the competitive exchange rates and low charges made it their preferred forex payment platform.
Complicated Platform: Some users have found Volopay to be complicated, particularly when it comes to top-up and allocation. The software can also get overwhelming with too many options and a long learning curve, especially for employees.
Confusing User Interface: Several users reported that the user interface of Volopay can be confusing, including the difference between the view of admin and normal users. Additionally, some reports or views can be unclear like how much amount spent versus how much money remains.
High Fees: Many reviewers have mentioned that the fees charged by Volopay could be more attractive, including transfer fees and swift fees. Users felt that the price could also be lower for a start-up company.