CurrencyFair vs Corpay: Fees & Reviews Compared

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

Below we compare them on their fees and reviews.

Fees

	CurrencyFair	Corpay
Homepage
Transfer Fee	£2.50 (UK) €3 (EU) Currency equivalent for other currencies.	£20 for transfers under £3,000 £0 for transfers above £3,000.
Average Exchange Rate Markup	0.0045	0.4% – 1.9%
Minimum Transfer Amount	£7 (or currency equivalent)	£1,000 (or currency equivalent)
Maximum Transfer Amount	10,000,000 (same in every available currency).	No limit

Reviews

	CurrencyFair	Corpay
Trustpilot Rating	4.3	2.8
Number of Trustpilot Reviews	6,800	3
iOS App Rating	4.4	5
Number of iOS App Reviews	80	1
Android App Rating	2.6	N/A
Number of Android App Reviews	950	N/A

Features

	CurrencyFair	Corpay
App Transfers	Yes	No
Online Transfers	Yes	Yes
Phone Transfers	Yes	Yes
In-person Transfers	No	No
Available Countries	150	200
Number of Currencies	20	145
Payment Methods	Bank account	Bank account Debit card Credit card
Receiving Methods	Bank account	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform Mobile app Phone	Web platform Phone
Supported Languages	English, French, and German	English
Transfer Speed	0-5 days	1-2 days
Dedicated Dealer	Only for business clients	Yes
Instant Custom Quote	Yes	No
Business Features	Spot contracts Forwards contracts Market orders Digital multi-currency wallet Rate alerts API integration	Spot contracts Forwards contracts Market orders Limit orders Treasury and risk management
Debit Card	None	Corpay Multi-Card
Cancellation Policy	Only possible as long as the money transfer hasn’t been matched	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.**
Suitability	Small and large money transfers	Large money transfers

Company Comparison

	CurrencyFair	Corpay
Year Founded	2009	2001
Headquarters	Dublin, Ireland	London, UK
Other Office Locations	Newcastle (Australia), Nutfield (the United Kingdom), Singapore, and Kwun Tong (Hong Kong)	The Netherlands, Spain, Cyprus, and Canada**
Annual Trading Volume	$300 million	$74 Billion
Number of Employees	156	200**
Number of Clients	150000	25000
Regulatory Institutions	FinCEN in the USA FCA in the UK ASIC in Australia Central Bank of Ireland in EU MAS in Singapore CED in Hong Kong	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia Central Bank of Ireland in EU
Awards	Best of Show (Finovate Asia, Singapore, 2012) Most Insightful and Intriguing Internet Innovation (IIA Dot IE Net Visionary, 2013) TNW’s Irish Startups (2013) one of the Best Middleweight Start-ups (Europas, 2013) Excellence in Payments (FinTech Australia, 2017) Top 20 Fintech Companies in Ireland (Irish Tech News, 2017) Fintech Startups in Europe to watch in 2018 (2017) Mozo Experts Choice Awards (Mozo.com.au, 2018) Top 100 Startups to watch in 2018, Silicon Republic (2018) Top 10 Startup Winner for Best Employer (LinkedIn, 2018 and 2019) Spiders Award for Best in Fintech (2019) 5-Star Rating for Outstanding Value International Money Transfers (Canstar, 2019)	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)

CurrencyFair Pros & Cons

CurrencyFair Pros

• Competitive exchange rates
• Excellent customer service
• Instant personalized quotes
• Impressive Trustpilot score
• Wide-reaching service coverage
• Quick international transfers
• Alerts for exchange rate changes
• Fixed fee for money transfers
• Awards for superb performance in the financial sector
• Can handle both large and small money transfers

CurrencyFair Cons

• Lack of personal account managers for individual users
• Limited options for transfer funding
• No cash pickup service
• Narrow range of supported currencies
• Poor user rating for the Android mobile app

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

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