6 Revolut alternatives businesses should consider in 2025

Looking for a better way to handle your international payments in 2025?

You've got plenty of options. And because you're reading this article, chances are Revolut is one of the providers you're either considering or already working with. 

Founded in 2016, Revolut quickly established itself as one of the world's first neobanks and is now a popular choice for cross-border business payments. It combines multi-currency accounts, expense management tools, payment processing and international payment capabilities under one roof. So, if you prioritise breadth of features over specialised services, it could be the ideal provider for you.

But if you’re a growing European SMB handling serious international payment volumes and needing to manage currency risk effectively, you may find yourself wanting more than just a broad set of features.

In this guide, we'll explore who Revolut works well for, when you might need to look for an alternative and give you detailed breakdowns of six providers that could better serve your cross-border payment needs.

What Revolut offers businesses 

As mentioned, Revolut offers a range of features to help business owners send and accept payments, convert currencies, manage currency risk, handle employee expenses, and more. Revolut positions itself as a solution for everyone, from freelancers to enterprise-scale businesses and everything in between. 

Here’s what you get with Revolut: 

• Revolut supports 25+ currencies and offers local account details in GBP, USD and EUR. For all other currency accounts, you use SWIFT account details for international transfers.   
• It offers a broad range of features, including tools for team spending and expense management.  
• Revolut’s fixed and flexible forward contracts allow you to manage currency risk.  
• You can use physical and virtual cards with spend controls for team members, expense categorisation, and real-time notifications.   
• Revolut also integrates with accounting, expense management and HR tools. 

But here's the trade-off: 

• By trying to be everything for everyone, Revolut doesn't focus its efforts on SMB-specific solutions.

• Its pricing structure means key features are locked behind more expensive plans, such as personalised support at the 'Enterprise' tier, which leaves SMBs to face the complexities of FX alone.

• SMBs looking to keep their costs low may find themselves on a plan with limited features or paying more for a plan with features they don’t necessarily need. 

Revolut's pricing

Here’s how Revolut’s tiered monthly subscription model works: 

• Basic: €10 per month, limited features  
• Grow: From €30 per month, exchange up to €15,000 monthly at the interbank rate
• Scale: From €90 per month, exchange up to €60,000 monthly at the interbank rate
• Enterprise: Custom pricing with specialised account management 

Each plan comes with a monthly allowance for currency exchanges at the interbank rate. Once you hit your limit — or if you decide to make a transfer during weekends or outside market hours — the extra fees kick in (typically 0.6% to 1%). 

Who Revolut suits best 

• Revolut Business works best for companies that want a single platform to handle most of their financial needs without diving too deep into any one area. 
• It works well for businesses that need to accept payments through online gateways, e-commerce integrations, and contactless QR codes.  
• CFOs and finance teams that want to manage expenses, issue company cards to their teams, set spending limits and control where the cards can be used may want to look at Revolut. 

Bottom line

Like a Swiss Army knife, Revolut has a lot to offer in terms of functionality but isn’t a specialised tool for a specific business type. Because it tries to cater to vastly different audiences, you may find yourself paying for features that aren't relevant to your business needs or feeling like the features in your current tier aren’t enough.

Unless you're on the Enterprise plan, you may find Revolut’s chat support and help docs aren’t enough whenever you encounter a problem. So if hands-on human support is a must-have for you, better to look elsewhere.

6 Revolut alternatives (and what each one has to offer) 

Now that we've explored when you might need to look beyond Revolut, let's examine some alternative cross-border payment providers that could better serve your growing business.

1. iBanFirst

First up, iBanFirst. Our simple yet powerful platform is combined with support from our in-house FX experts, making us an ideal Revolut alternative for SMBs with significant cross-border payment volumes. 

Here’s what you get with iBanFirst: 

• Our software is purpose-built for small and medium-sized businesses with significant international payment needs. 

• With an iBanFirst multi-currency account, you can hold, send and receive funds in 25+ currencies. 

• You and your beneficiaries can track your payments across borders — just like a parcel — with time-stamped updates at every step. 

• Our dedicated account managers are FX experts who know your business. They can help you build custom FX strategies and make use of our fixed, flexible and dynamic forward contracts to protect your business against currency fluctuations. 

• You can use the iBanFirst API to integrate iBanFirst with third-party tools in your tech stack.

But here's the trade-off: 

• iBanFirst is less suited to businesses with low international transfer volumes. 

• We don't offer debit cards like some of the other alternatives listed.
  
  

iBanFirst's pricing

With iBanFirst, there's no setup fee, no tiered monthly subscription costs and no transfer fees — what you see is exactly what you pay. 

Our transparent pricing structure is designed with scaling international businesses in mind. iBanFirst gives you a standard exchange rate spread that applies across all your transactions. This means you can predict your costs even as your payment volumes increase, rather than watching fees eat away your profits. 

Who iBanFirst suits best 

• Established SMBs that are outgrowing entry-level payment providers and need advanced tools for things like FX risk management. 

• Importers/exporters with international supply chains seeking the tools and expertise to manage complex payments and don't want fees eating into their margins. 

• Wholesalers who rely on FX risk management tools and crave detailed payment tracking and hands-on, responsive support. 

Bottom line

If you want to avoid tiered pricing models that never quite fit your business needs perfectly, manage foreign currency risks and receive hands-on support from FX experts who understand your business, iBanFirst is a great fit. What's more, you’re able to track international payments every step of the way, with detailed, timestamped updates and tracking links you can share with your partners and suppliers.

2. Wise

Founded in 2011, Wise is another name you may recognise. Known for making international money transfers simpler and cheaper than traditional banks, Wise was originally for personal users before expanding into the B2B payments space. 

Here’s what you get with Wise Business: 

• Wise keeps things simple both in terms of pricing and functionality.
• It targets both individual consumers and businesses, particularly those looking for a cost-effective solution.

• Wise’s multi-currency accounts let you hold 40+ currencies with local account details in 9 of them (including GBP, USD and EUR). For all other currencies, you can send and receive payments using SWIFT account details.

• You can integrate Wise with accounting tools in your financial ecosystem, including Xero, QuickBooks and Sage. All of these integrations come standard with every account.

• Wise also offers physical and virtual debit cards for team spending, which link directly to the account balance in your chosen currency. 

But here's the trade-off: 

• Once you're regularly moving €100,000+ annually across borders, Wise's per-transaction fees start adding up quickly. 
• If your business is growing, foreign currency risks are becoming more of a concern. Wise doesn't offer any FX risk management tools or dedicated support to help you protect your margins from exchange rate swings. 
• When you're working with larger payment volumes, sometimes chatbots, help docs and support tickets alone simply won't cut it — you need support from an expert who understands both your business and the complexities of the FX market. 

Wise's pricing

There are very few surprises when it comes to Wise’s pricing. Wise charges a one-time opening fee of €50. After that, there are no recurring monthly subscription fees — you only pay for what you use. It offers currency conversions at the mid-market exchange rate with a percentage-based fee added. There are no hidden markups or fees.   

For international payments, you'll pay a percentage-based transfer fee — typically between 0.33% and 1.0% of the payment amount, depending on the currency pair. 

Who Wise suits best

• Digital nomads and self-employed business owners who work with international clients in multiple currencies.
• Smaller businesses starting to expand internationally and looking for an efficient and affordable solution for handling cross-border payments.
• E-commerce businesses selling products across borders with low transaction volumes. 

Bottom line

Wise is a good option for digital nomads, freelancers and micro-businesses looking for a simpler suite of features at competitive prices. But as your transaction volumes grow and currency risk becomes a major consideration, your international payment needs become more complex and you’ll start noticing Wise’s limitations, particularly its lack of FX risk management solutions and much-needed support. 

3. Airwallex

Founded in 2015, Airwallex is a cross-border payment provider that offers multi-currency accounts, international transfers and payment acceptance tools. Much like Revolut Business, Airwallex positions itself as a comprehensive, all-in-one solution for payments, spending, and expense tracking with the goal of streamlining global financial management.

Here’s what you get with Airwallex: 

• With Airwallex's multi-currency account, you can send and receive payments in 23 currencies.
• Airwallex is a payment gateway which allows e-commerce businesses to collect online payments.
• Virtual and physical cards are available for expense management.
• Teams can track and control global spending.
  

• You can sync bank feeds with Xero, QuickBooks and NetSuite at the Explore, Grow and Accelerate plans and access custom API implementations with the Custom plan.

But here's the trade-off: 

• The more complex platform features are plan-dependent and may require a steep learning curve for some users. 
• Airwallex's pricing structure isn’t the most SMB-friendly. 
• Dedicated account manager support only kicks in at the Accelerate plan.
  

Airwallex pricing

Similar to Revolut, Airwallex offers a tiered pricing structure for EU businesses:

• Explore: €0 per month (if you deposit €10,000 monthly / maintain a €10,000 balance) or €19 per month.
• Grow: €49 per month, which adds expense management and bill pay features.
• Accelerate: €999 per month.
• Custom: Tailored pricing for high-volume businesses.

Airwallex also charges a 0.5% to 1% exchange rate markup on all conversions, depending on the currency.

Who Airwallex suits best

• E-commerce businesses that want to create online checkout links and accept global payments.
• Freelancers and smaller businesses looking for a solution with a broader range of features and don’t mind the tiered pricing structure.
• Larger businesses that can afford the Accelerate or Custom plans and benefit from hands-on support.
  

Bottom line

Airwallex is similar to Revolut in that it's a feature-rich provider with plenty going on under the hood. But this extra functionality means Airwallex is trying to be everything for everyone, the downside being a lack of SMB-specific tools. Plus, if you value having an account manager who understands and supports your business, you'll need to look at their Accelerate or Custom plans, which come with hefty monthly fees.

4. Payoneer

Payoneer is a payment provider that specialises in facilitating payments to and from freelancers, contractors and online sellers who use marketplaces like Amazon, eBay, Fiverr and Upwork and these marketplaces themselves.

Here's what you get with Payoneer: 

• With Payoneer, you can hold and send funds in 70+ currencies. 
• Global receiving accounts are available in multiple currencies to collect payments from customers.
• Payoneer partners and integrates with many e-commerce and freelancer platforms as well as major online marketplaces.
• Payoneer has a focus on mass payout capabilities for paying suppliers, contractors and marketplace sellers.
• Cards are available in USD, GBP, EUR and CAD so you can access earnings and spend online or out in the world. 

But here’s the trade-off: 

• With a split focus across multiple audiences — freelancers, businesses and marketplaces — Payoneer isn’t focused on developing solutions that meet the specific needs of SMBs.
• The limited FX risk management capabilities may work against Payoneer as an attractive option for SMBs compared to others on this list.

• The high percentage-based fees for most international payments can be off-putting for businesses looking to make cross-border payments but not mass payments to freelancers and contractors.
  

Payoneer pricing

Payoneer's pricing structure is transaction-based with varying fees depending on how you send and receive money: 

• Account opening and maintenance: Free 
• Currency conversion: 0.5% markup on top of mid-market rate 
• Making payments: Up to 3% fee if the recipient doesn’t have a Payoneer account 
• Card transactions that involve conversion: 3.5% fee 

Who Payoneer suits best

• Freelancers and contractors working across different platforms like Fiverr and Upwork and want to integrate Payoneer as their payment method. 
• Marketplaces that need to make mass payouts in multiple countries and currencies. 
• Businesses that want to pay overseas employees and contractors and get paid by their customers. 

Bottom line

Similar to Revolut, Payoneer goes beyond payments and currency conversion features, but this additional functionality adds complexity. This makes it less suitable for SMBs looking for a simple yet comprehensive solution for payments and FX risk management.

5. Ebury

Ebury is a financial services provider that specialises in foreign exchange services, international payments and trade finance for SMEs and mid-sized corporations with cross-border operations. It takes a more tailored approach to helping businesses manage international risks and grow across borders.

Here’s what you get with Ebury:  

• Ebury supports payments in 130+ currencies across global markets with local details available in 29 of them.
• Ebury offers forward contracts and other FX hedging tools.
• It also provides trade finance solutions, including invoice financing. 
• It offers mass payment capabilities for handling multiple international transactions. 
• You can connect eBury with your ERP systems.

But here’s the trade-off:  

• The complex, tailored pricing structure makes it harder for businesses to predict costs or compare Ebury to other providers.
• Ebury’s platform isn’t very user friendly, which also makes it harder to integrate into a modern tech stack.
• Ebury doesn't offer debit cards like some of the other Revolut alternatives listed.

Ebury pricing

Ebury takes a tailored approach to pricing.

Who Ebury suits best 

• Established SMBs that are outgrowing entry-level payment providers and need advanced tools for things like FX risk management.
• SMBs and corporations in education, travel, payroll and NGO sectors, among others. 
• Businesses with significant international trade exposure, particularly those needing both payment and financing solutions. 

Bottom line

While a good choice for more advanced hedging tools to manage currency risk, Ebury's platform isn’t the most user friendly and the opaque custom pricing structure doesn’t appeal to everyone. The payment tracking capabilities aren’t as advanced as other providers on this list. 

6. Convera

Convera is a rebranded and refocused branch of Western Union Business Solutions with an extensive global network capable of processing significant volumes of transactions. Convera’s platform offers a broad range of services designed to meet the needs of larger businesses managing international payments and FX. 

Here’s what you get with Convera:

• Convera has an extensive global reach, with payments in 130+ currencies across 200+ countries.

• The platform can handle high-volume payments and mass payouts to vendors and other beneficiaries.
• Its advanced FX risk management tools include forward contracts and options.
• Dedicated FX risk specialists work closely with businesses to design customised FX strategies based on each company’s unique exposure to currency risks.
• You can connect Covera to your ERP systems and use the API for other integrations. 

But here’s the trade-off:

• Convera’s platform is less user-friendly compared to more modern alternatives and the limited payment tracking is less than ideal. 

• Its higher fees aren’t the best for SMB payment volumes. 

• Similar to Ebury, the custom pricing and fees make it difficult to compare Convera with other competitors. 
  

Convera pricing

Convera uses a custom pricing model with FX spreads that vary based on your transaction volume and the currency pairs you're working with. Unlike some of the other Revolut alternatives on this list, Convera doesn't publicly disclose its typical spreads, making it harder to compare costs.

Who Convera suits best 

• Large businesses with more complex FX needs across multiple countries. 
• Businesses that operate in specialised sectors like education, travel, or payroll with high payment volumes and unique industry challenges.

• Large manufacturers that produce and sell goods in multiple countries and have high exposure to FX risks.

Bottom line

Most SMBs will likely find Convera's platform overwhelming and potentially more expensive than alternatives like Wise or iBanFirst. Plus, the platform isn't as intuitive or user-friendly as other Revolut alternatives. Its primary focus is clearly on enterprises rather than SMBs looking to scale their international operations.

Are traditional banks a viable Revolut alternative? 

You may be considering going to your bank as an alternative to Revolut. But that isn’t necessarily the best option for SMBs like yours...

Traditional banks prioritise enterprise businesses 

Traditional banks can be a decent Revolut alternative if you're a large enterprise with significant negotiating power. Banks typically focus their efforts on serving these clients ahead of SMBs, meaning you’ll likely end up overpaying and feeling frustrated with the lack of support. 

Complicated, time-consuming procedures

Sending international payments through traditional banks often requires a lot of legwork upfront to get set up. You're potentially looking at in-person branch visits, a stack of paperwork to fill in and extended wait times just to get up and running. 

High, hidden fees  

Traditional banks often apply a substantial markup to the interbank exchange rate, ranging from 4% to 6%, sometimes higher. Added to this are the transfer fees, often higher than those of modern international payment providers, and in many cases, hidden fees for things like account maintenance or access to bank transfer messages. 

Zero visibility into payment statuses

Once your money leaves your account, good luck tracking it. In some cases, you won't even receive so much as a simple confirmation notice when the funds arrive. This lack of transparency makes it incredibly difficult to keep your suppliers and partners in the loop — and it makes managing your cash flow a real headache. 

In short, traditional banks aren't designed to meet your specific international payment needs. Their legacy systems and opaque pricing structures and processes create unnecessary friction when what you really need is for things to flow smoothly. Most growing SMBs will be better off with a specialised cross-border payment provider like iBanFirst.

Join 10,000+ international SMBs already using iBanFirst  

Thousands of growing SMBs trust us with their cross-border payments. Why? Well, there's no tiered pricing structure and our features aren’t trying to be everything for everyone — they’re specifically designed for growing SMBs like yours. 

With iBanFirst, you can: 

• Send, receive and track international payments 

• Protect your profits from exchange rate volatility with FX forwards 

• Work with real, human FX experts who understand your business

Get started with iBanFirst today 

So if you're a growing SMB looking to switch from Revolut or get started with your first cross-border payment provider, choose the best alternative today. The longer you wait, the more it could potentially cost you. Request an account today and join thousands of growing SMBs who use iBanFirst to manage their cross-border payments.