Both VertoFX and Corpay are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
VertoFX | Corpay | |
Homepage | ![]() | ![]() |
Transfer Fee | No fee | £20 for transfers under £3,000 £0 for transfers above £3,000. |
Average Exchange Rate Markup | 0.2%-0.6% | 0.4% – 1.9% |
Minimum Transfer Amount | $1 | £1,000 (or currency equivalent) |
Maximum Transfer Amount | No limit | No limit |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
VertoFX | Corpay | |
Trustpilot Rating | 3.9 | 2.8 |
Number of Trustpilot Reviews | 500 | 3 |
iOS App Rating | N/A | 5 |
Number of iOS App Reviews | N/A | 1 |
Android App Rating | N/A | N/A |
Number of Android App Reviews | N/A | N/A |
Features
VertoFX | Corpay | |
App Transfers | Yes | No |
Online Transfers | Yes | Yes |
Phone Transfers | No | Yes |
In-person Transfers | No | No |
Available Countries | 200 | 200 |
Number of Currencies | 51 | 145 |
Payment Methods | Bank account Debit card Credit card Online wallet | Bank account Debit card Credit card |
Receiving Methods | Bank account Online wallet | Bank account |
Cash Pickup Option | No | No |
Payments Flexibility | Web platform Mobile app | Web platform Phone |
Supported Languages | English | English |
Transfer Speed | 1-2 days | 1-2 days |
Dedicated Dealer | Yes | Yes |
Instant Custom Quote | No | No |
Business Features | FX solutions Currency marketplace Market orders Local and global accounts Corporate cards Treasury management Digital multi-currency wallet API integration | Spot contracts Forwards contracts Market orders Limit orders Treasury and risk management |
Debit Card | Multi-Currency Corporate Card | Corpay Multi-Card |
Cancellation Policy | If your transfer hasn’t been completed, you can request a cancellation and refund. Once a transfer has been finalized and the money has been sent to the recipient, it’s generally not possible to cancel the transaction. | 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 |
Top Rated Money Transfer Service
Company Comparison
VertoFX | Corpay | |
Year Founded | 2017 | 2001 |
Headquarters | London, UK | London, UK |
Other Office Locations | India, Kenya, South Africa, etc. | The Netherlands, Spain, Cyprus, and Canada** |
Annual Trading Volume | $4 billion | $74 Billion |
Number of Employees | 100 | 200** |
Number of Clients | 3000 | 25000 |
Regulatory Institutions | FinCEN in the USA De Nederlandsche Bank in the EU Central Bank of Kenya in Kenya FSCA in South Africa | FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia Central Bank of Ireland in EU |
Awards | Best Cross-Border Payments Infrastructure (Payment Awards, 2022) | 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) |
VertoFX Pros & Cons
VertoFX Pros
- Diverse payment methods
- Exceptional customer support
- Excellent Trustpilot score
- Zero transfer fees
- Competitive foreign exchange rates
- Comprehensive informational resources
- Peer-to-peer currency trading marketplace
- Digital wallet supporting multiple currencies
- Worldwide service reach spanning over 200 countries
- Robust currency offerings with 51 global currencies
- A plethora of business FX options
- Fast money transfer services
- Flexibility with no set lower or upper transfer limits
VertoFX Cons
- Relatively new in the international money transfer market
- Not ideal for individual money transfers
- Extensive verification documentation needed
- No iOS-compatible mobile application
- Lack of real-time custom 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
Top Rated Money Transfer Service
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