Moneycorp vs Corpay: Fees & Reviews Compared

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

Below we compare them on their fees and reviews.

Fees

	Moneycorp	Corpay
Homepage
Transfer Fee	No fee for online transfers £15 for transfers over the phone.	£20 for transfers under £3,000 £0 for transfers above £3,000.
Average Exchange Rate Markup	1% – 2%	0.4% – 1.9%
Minimum Transfer Amount	50	£1,000 (or currency equivalent)
Maximum Transfer Amount	£100,000 (or currency equivalent) for online transfers. No limit for transfers over the phone.	No limit

Reviews

	Moneycorp	Corpay
Trustpilot Rating	4.3	2.8
Number of Trustpilot Reviews	6,300	3
iOS App Rating	2.1	5
Number of iOS App Reviews	120	1
Android App Rating	N/A	N/A
Number of Android App Reviews	N/A	N/A

Features

	Moneycorp	Corpay
App Transfers	Yes	No
Online Transfers	Yes	Yes
Phone Transfers	Yes	Yes
In-person Transfers	No	No
Available Countries	190	200
Number of Currencies	35	145
Payment Methods	Bank account Debit card Check	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, Portuguese, French, Romanian, and Spanish	English
Transfer Speed	1-2 days	1-2 days
Dedicated Dealer	Yes	Yes
Instant Custom Quote	No	No
Business Features	Spot contracts Forwards contracts Market orders Limit orders Stop-loss orders Recurring transfers Vanilla options Zero-cost options Rate alerts	Spot contracts Forwards contracts Market orders Limit orders Treasury and risk management
Debit Card	None	Corpay Multi-Card
Cancellation Policy	Each individual transfer’s cancellation can be discussed upon contacting a Moneycorp representative. Generally, most transfers that haven’t been completed can be canceled and refunded.	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

	Moneycorp	Corpay
Year Founded	1979	2001
Headquarters	London, UK	London, UK
Other Office Locations	Dublin (Ireland), Toronto (Canada), Gibraltar, Madrid, Costa Blanca, and Costa Del Sol (Spain), Bucharest (Romania), Dubai (UAE), Washington DC, Orlando, and Providence (USA), Hong Kong, and São Paulo (Brazil)	The Netherlands, Spain, Cyprus, and Canada**
Annual Trading Volume	£38 billion	$74 Billion
Number of Employees	900	200**
Number of Clients	N/A	25000
Regulatory Institutions	FinCEN and the Federal Reserve Bank of New York in the USA FINTRAC in Canada FCA and the HMRC in the UK Dubai Financial Services Authority in UAE Central Bank of Brazil in Brazil Central Bank of Ireland in Ireland CED in Hong Kong GFSC in Gibraltar	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia Central Bank of Ireland in EU
Awards	Travel Money Provider of the Year (Moneyfacts Consumer Awards, 2015,2016) Top Track 250 (The Sunday Times, 2017) Gold Trusted Service Award (Feefo, 2018, 2019) Best Money Transfer Service Provider (The World Banking Awards, 2019) Platinum Trusted Service Award for consistently delivering excellence (Feefo, 2020) Money Transfer Provider of the Year (MoneyAge Awards, 2019, shortlisted in 2020) Best Cross-Border Payments Service (Payment Awards, shortlisted in 2020) Best Cross-Border Payments Infrastructure (Payment Awards, shortlisted in 2020) Foreign Exchange Services finalist (The Private Equity Service Provider Awards, 2020)	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)

Moneycorp Pros & Cons

Moneycorp Pros

• Exceptional customer support
• Respectable Trustpilot rating
• Zero fees for transfers conducted online
• Unlimited transfer amounts for phone transactions
• Operational in more than 190 nations worldwide
• Impressive range of supported currencies
• In-depth local expertise
• Decades of industry experience
• Speedy money transfers
• Broad array of features for businesses
• Multilingual services
• Robust regulatory compliance

Moneycorp Cons

• Limited funding methods
• Lack of support for less-common currencies
• No option for instant personalized quotes

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

See More Comparisons:

Western Union vs XE Western Union vs Wise
Western Union vs Revolut
Western Union vs MoneyGram
Western Union vs Remitly