WorldRemit vs Corpay: Fees & Reviews Compared

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

Below we compare them on their fees and reviews.

Fees

	WorldRemit	Corpay
Homepage
Transfer Fee	$0.99 – $3.99 depending on the transfer amount and the selected countries and payment methods.	£20 for transfers under £3,000 £0 for transfers above £3,000.
Average Exchange Rate Markup	1% – 1.6%	0.4% – 1.9%
Minimum Transfer Amount	$1	£1,000 (or currency equivalent)
Maximum Transfer Amount	Depends on the selected countries and method of payment (ranges between $1,400 and $60,000).	No limit

Reviews

	WorldRemit	Corpay
Trustpilot Rating	4.1	2.8
Number of Trustpilot Reviews	78,800	3
iOS App Rating	4.8	5
Number of iOS App Reviews	172,000	1
Android App Rating	4.6	N/A
Number of Android App Reviews	179,000	N/A

Features

	WorldRemit	Corpay
App Transfers	Yes	No
Online Transfers	Yes	Yes
Phone Transfers	No	Yes
In-person Transfers	No	No
Available Countries	145	200
Number of Currencies	70	145
Payment Methods	Bank account Debit card Credit card Apple Pay Interac iDeal Trustly Klarna SOFORT POLi	Bank account Debit card Credit card
Receiving Methods	Online wallet Bank account Cash pickup Home delivery	Bank account
Cash Pickup Option	Yes	No
Payments Flexibility	Web platform Mobile app	Web platform Phone
Supported Languages	English, French, German, Danish, Dutch, and Spanish	English
Transfer Speed	0-2 days (within minutes in 95% of cases).	1-2 days
Dedicated Dealer	No	Yes
Instant Custom Quote	Yes	No
Business Features	N/A	Spot contracts Forwards contracts Market orders Limit orders Treasury and risk management
Debit Card	None	Corpay Multi-Card
Cancellation Policy	Only when the transfer hasn’t been paid out. Bank and mobile wallet transfers may be refunded even after the transfer is completed if the recipient agrees to the refund.	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 money transfers	Large money transfers

Company Comparison

	WorldRemit	Corpay
Year Founded	2010	2001
Headquarters	London, UK	London, UK
Other Office Locations	Poland (Krakow), USA (Denver), Philippines (Cebu), Australia (Sydney), Belgium (Brussels), Japan (Tokyo), Kenya (Nairobi), Malaysia (Kuala Lumpur), Rwanda (Kigali), Singapore, South Africa (Johannesburg), Somaliland (Hargeisa), Tanzania (Dar Es Salaam), Uganda (Kampala), and Canada (Toronto)	The Netherlands, Spain, Cyprus, and Canada**
Annual Trading Volume	$10 billion	$74 Billion
Number of Employees	1800	200**
Number of Clients	5.7 million	25000
Regulatory Institutions	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia National Bank of Belgium in EU FSPR in New Zealand FSA in Japan	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia Central Bank of Ireland in EU
Awards	Best Practice in Remittances for Development by IFAD (United Nations Agency, 2015) Technology Fast 50 (Deloitte, 2015, 2016, and 2017) Tech Track 100 (Sunday Times, 2016, 2017, 2018, and 2019) Excellence in Transformational Business (FT/IFC Transformational Business Awards, 2017) EY Entrepreneur Of The Year (2016) Bronze Award (European Contact Centre & Customer Service Awards, 2019) The Powerlist (BBC, 2020) Best for International Transfers (Best Money Transfer Apps – Investopedia, 2021 and 2023)	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)

WorldRemit Pros & Cons

WorldRemit Pros

• Many payment methods
• Competitive foreign exchange rates
• Small transaction fees
• Excellent policy for transfer cancellations
• Instant, personalized cost estimates
• Cash pickup services available
• Mobile digital wallet features
• Comprehensive global service availability
• Strong coverage of over 70 unique currencies
• Wide local presence with offices in 15 nations
• Quick funds transfers
• Comprehensive and informative knowledge base

WorldRemit Cons

• Not ideal for transferring large sums of money
• No personal account managers available
• Lacks business solutions like forward contracts and limit orders
• Numerous criticisms pertaining to customer service

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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