Corpay vs Currency Solutions: Fees & Reviews Compared

Both Corpay and Currency Solutions are popular international money transfer services. But which one is better?

Below we compare them on their fees and reviews.

Fees

	Corpay	Currency Solutions
Homepage
Transfer Fee	£20 for transfers under £3,000 £0 for transfers above £3,000.	£10.00 fee for transfers below £3,000; £0.00 fee for transfers above £3,000.
Average Exchange Rate Markup	0.4% – 1.9%	0.5% – 1%
Minimum Transfer Amount	£1,000 (or currency equivalent)	£100
Maximum Transfer Amount	No limit	No limit for transfers over the phone Online transfers £20,000 for personal accounts £50,000 for business accounts

Reviews

	Corpay	Currency Solutions
Trustpilot Rating	2.8	4.7
Number of Trustpilot Reviews	3	2500
iOS App Rating	5	N/A
Number of iOS App Reviews	1	N/A
Android App Rating	N/A	N/A
Number of Android App Reviews	N/A	N/A

Features

	Corpay	Currency Solutions
App Transfers	No	No
Online Transfers	Yes	Yes
Phone Transfers	Yes	Yes
In-person Transfers	No	No
Available Countries	200	160
Number of Currencies	145	40
Payment Methods	Bank account Debit card Credit card	Bank account Debit card
Receiving Methods	Bank account	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform Phone	Web platform Phone
Supported Languages	English	English
Transfer Speed	1-2 days	3 hours-2 days
Dedicated Dealer	Yes	Yes
Instant Custom Quote	No	No
Business Features	Spot contracts Forwards contracts Market orders Limit orders Treasury and risk management	Spot contracts Forwards contracts Market orders Options contracts Risk management Recurring transfers API integration
Debit Card	Corpay Multi-Card	None
Cancellation Policy	If you choose to cancel your money transfer, the funds would be returned to the market. Keep in mind that canceling the transaction may result in additional charges, which you would be liable for.**	The company allows for transfers to be canceled and refunded if the transaction hasn’t been completed. Refunds may be subject to exchange rate changes and additional charges depending on the circumstances.
Suitability	Large money transfers	Small and large money transfers

Company Comparison

	Corpay	Currency Solutions
Year Founded	2001	2003
Headquarters	London, UK	London, UK
Other Office Locations	The Netherlands, Spain, Cyprus, and Canada**	Amsterdam (the Netherlands), Dublin (Ireland), and Paphos (Cyprus)
Annual Trading Volume	$74 Billion	£1 billion
Number of Employees	200**	70
Number of Clients	25000	150000
Regulatory Institutions	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia Central Bank of Ireland in EU	FCA in the UK
Awards	Profit Fast Track 100 (The Sunday Times, 2012) Best Small Companies to Work For (The Sunday Times, 2014) Best Company To Work For (Best Accreditation Standard, 2016) Best Forex Payment Technology Solution (UK Forex Awards, 2018) Best Currency Service Provider (Shares Awards, 2018) Gold Service Award (Feefo, 2019) Best New to Market Portugal (Department for International Trade Business Awards, 2019) Platinum Service Award (Feefo, 2021 and 2022) Best Payments Solutions Provider (Global Forex Awards B2B, 2022) Best Cross-Border Payments Service (Payments Awards, 2022) Overall Payment Solution of the Year (Electronic Money Award, 2022)	The Best Currency Transfer Provider (Trade Finance Global Currency Awards, 2016) Top-rated International Money Transfer Provider (Trustpilot, 2017 – 2020)

Corpay Pros & Cons

Corpay Pros

• Several payment methods are available
• Expert currency advisors on-hand
• Impressive online reviews
• No transfer fees for large transfers
• Attractive exchange rates
• No limit on the maximum transfer amount
• Broad international reach
• Support for a wide range of currencies
• Long-standing industry experience
• Prompt transfer service

Corpay Cons

• Not suitable for small money transfers
• Limited funding options
• Absence of a mobile app
• No option for instant custom quotes
• High minimum transfer limit

Currency Solutions Pros & Cons

Currency Solutions Pros

• Outstanding customer support
• Impressive Trustpilot rating
• Fee-free transfers for larger amounts
• Competitive exchange rates
• Service availability in over 160 countries
• Robust currency offerings with support for 40+ global currencies
• Longstanding industry experience
• Quick fund transfers
• Advanced business FX features, including market orders and options contracts for effective currency risk management
• Personalized service through dedicated account managers

Currency Solutions Cons

• Charges apply for smaller transfer amounts
• Lack of a mobile application
• Limited availability of exotic currencies
• Lack of an instant quote feature
• Customer support is not available around the clock

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