Tipalti Pricing: Overview of Fees and Plans (UK - 2024)

Tipalti UK offers accounting software and services to businesses of all sizes. Products include support for payables, expense and procurement processes, across multiple currencies and regions. If you’re looking for ways to make it easier to manage your business payments, you may be wondering about Tipalti pricing for different plans, and how the Tipalti fees stack up for the services you need.

This guide walks through the Tipalti costs in the UK, and also touches on Wise Business as a smart tool for managing your business finances across multiple currencies with low costs and great exchange rates.

💡 Learn more about Wise Business

What is Tipalti?

Tipalti offers automated payable services for UK businesses, including mass payouts, procurement and expense management. Tipalti serves businesses which may be just starting out or which might already be large, established enterprises. The packages on offer run from a fairly basic option through to custom made plans which are tailored to the needs of larger or more complicated companies.

At its heart, Tipalti aims to reduce the administrative burden on companies in the UK, making financial processes more automated and easier to manage. This also reduces the chances of human error in payments, helping companies to accurately and quickly send payments to contractors, freelancers, affiliates, suppliers and more.

Is Tipalti trustworthy?

Yes. Tipalti is trustworthy and follows all legal requirements around data storage, transmission and collection. It’s built to industry standards and has safety features to make sure that users and their accounts are kept secure with normal use.

Tipalti isn’t active on Trustpilot - it’s only got 23 reviews listed, which gives it a low 2.2 out of 5 star score overall¹. If you’re thinking of using Tipalti, you might choose to ask for feedback from existing customers you know, to get a feel for the levels of service and satisfaction.

Tipalti pricing

Tipalti’s services in many cases can be built to suit your individual business needs. This means that there are various ways to customise your plan and package to make sure you’re getting what you need from Tipalit’s tools.

Here’s an overview of Tipalti's plans and costs as well as the custom plan options available in the UK².

What is the FX fee on Tipalti?

Tipalti has a global payments system which offers payments to 196 countries in 120 local currencies³. You can send payments in the following ways:

• US ACH
• Global ACH (eCheck)
• Wire transfer
• PayPal
• Paper check
• Prepaid debit card

If you need to pay someone on behalf of your business, the Tipalti system can make the process straightforward. The person awaiting a payment will be able to log into the Tipalti self service portal to pick the payment method they’d prefer, and to get the transfer moving.

If currency conversion is needed, Tipalti will manage the exchange so that the person receiving the payment gets their money in the local currency wherever they’re based. Tipalti will select the exchange rate that’s used for this conversion, which might include a markup.

Tipalti doesn’t list their typical markup or conversion costs online, as these are likely to vary depending on the currencies and value of a payment. You’ll be able to ask the Tipalti team about their standard FX fees when you negotiate your plan. Or, consider getting an alternative option for your foreign currency transactions - like Wise Business.

Wise Business lets you pay one off, recurring and batch payments to bank accounts in 160+ countries, with low fees and the mid-market exchange rate.

💡 Learn more about Wise Business

Tipalti key features

Each of the different Tipalti plan options offers its own features, including some which can be tailor made to suit the specific needs of your business.

Services can include:

• Invoice and supplier management
• Purchase order management and matching
• Global payments and currency management
• Multi-entity workflows for subsidiaries
• Tax and VAT compliance
• Payment reconciliation
• Fraud detection and prevention
• Self billing options
• Integration with ERP systems and accounting tools
• Payment API to streamline workflow

Manage your international business with Wise

If you’re looking for an easy, flexible and budget friendly way to manage foreign currency payments in and out of your business, take a look at Wise Business.

Wise Business lets you send payments globally to 160+ countries, with handy time saving tools like multi-user access, batch payments, accounting integrations, and access to the Wise API as a standard feature.

Wise accounts support 40+ currencies for holding and exchange, with no ongoing fees or subscription charges. When you need to convert between currencies - either in your account, to make a withdrawal, or to send money to others - you get the mid-market exchange rate with low fees from 0.33%. This can bring down the costs of managing money across currencies, and make growing your business globally more profitable.

Get started with Wise Business 🚀

Tipalti could be a good choice if you’re looking for ways to manage your business payables, expenses and procurement processes. With customisable packages, Tipalti can appeal to businesses large and small, as you’ll be able to build a plan with the features you need based on your company type. Take a look at what Tipalti can offer you, and check out Wise Business at the same time, for easy, low cost ways to manage your company finances across borders.

Sources used in this article:

Sources last checked 25-Sep-2024