Ripple Competitors and Alternatives (2024)
But Ripple isn’t your only option. In this article, we’ll dive into the top Ripple competitors and alternatives for your business.
We’ll also talk about how the Wise Business account can help you manage your business easily and cost-effectively across borders.
Wise Business
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies
- Batch Payments come with account - no need to pay extra for these key features
- Multi-level permissions and alerts gives you complete control over your account
- Link your accounts with top accounting systems: QuickBooks, Wave, Sage, NetSuite, and Xero
- US businesses get local account details in 9 currencies to receive funds after paying a one-time fee
Make Low-cost Payments with Wise Business
Looking to hold funds, as well as send and receive payments?
Hyperwallet
Hyperwallet is an online payment provider, powered by PayPal, specializing in global payouts. It caters to small, medium and large sized businesses and marketplaces. Hyperwallet isn’t just a standard payroll solution. It allows marketplaces and enterprises to send payouts to global employees, free of complications. You can send payouts to 115 countries and supports payments in 150 currencies. With the batch payments tool, you can send up to 5,000 payments in one batch. You can also provide payees with local payout options in over 200+ countries. Hyperwallet allows you to manage payables on a global scale. From freelance workforce and royalty payments, to insurance claims, Hyperwallet supports you.
Pricing:
$3/mo to store money on the account, but you also incur fees for various types of transfers and payments.
Venmo
Venmo started out as a peer-to-peer money transfer service, but it has since expanded into business banking. With Venmo for Business, small businesses can create their own free profile and accept payments via QR code. But, it's important to note that Venmo For Business is mainly designed for retail companies, with tools for making customer checkout faster, and does have seller fees associated with it. Venmo for Business also has similar social networking features as its peer-to-peer version, with business payments appearing in customer feeds as a form of marketing.
Pricing:
Free to open, but you will incur a charge on transactions. For instance, there is 1.9% seller fee on top of a payments + $0.10
Skrill
Skrill brings some unique capabilities to the accounts payable scene. It notably combines elements of traditional accounts payable systems with the flexibility of digital payment technologies. You can schedule your payments with Skrill and use Skill 1-tap for easily repeating payments. For ecommerce vendors, Skrill has the shopping carts feature, which allows your customers to access over 100 local payment options.
Pricing:
Account opening for Skrill is free (They charge a fee for inactive accounts (No log-ins or transactions for 12 months). Similar to other providers, Skrill only charges fees on the transfers that you send, and these transfers differs by payment method.
Celonis
If you're looking for easier ways to make and receive payments efficiently, Celonis may seem far away from what you need upon first glance. But, this company, dedicated to process mining and execution management software, could be the right for your needs. Underneath the umbrella of improving your processes, Celonis focus on inventory mangement, procurement, order management, accounts payable, and accounts receivable. If you're interested in accounts payable, Celonis will help you ensure timely payments and ensure that your invoicing process become smarter over time with their learning algorithms.
Pricing:
Contact Sales
Spreedly
Spreedly offers a global payments API that can help you with payment orchestration. What's payment orchestration? It's the process of integrating and managing payment service providers, payment gateways, and banks. Spreedly also offers secure payment methods, compliance with regulations, intelligent payment routing, and cost containment. Their Payment Essentials product gives you a secure basis for payments with PCI compliance and universal tokens that help you transact across their various providers.
Pricing:
Spreedly offers a single enterprise-grade plan. As this company is focused on businesses with larger payment volumes, your plan and pricing may vary depending on your needs.
Paystand
Paystand is a business-to-business payment platform designed to streamline commercial transactions. By challenging the traditional fee models and payment gateways, Paystand aims to digitize the cash cycle and reduce reliance on paper-based processes, thereby accelerating business payments and minimizing transaction costs. The platform supports multiple payment methods, including bank transfers, card payments, and digital wallets, all while leveraging blockchain to ensure secure, transparent, and verifiable transactions. With features like automated receivables, electronic invoicing, and a seamless checkout experience, Paystand assists businesses in optimizing their financial workflows and achieving greater operational efficiency.
Pricing:
Contact Sales
GoCardless
GoCardless offers numerous means to get paid and also make your business operations run more smoothy. You can make payments easier for your business through getting instant payments or setting up automated payments, so there's no stress at the end of the month. This feature will also keep your team on track without making the focus on manual tasks, and this lead to another important point. You can collect these payments directly from the bank, which means no card fees. All together, GoCardless can help you both save time and money.
Pricing:
They include a fees on international and domesic payments. For example, GoCardless charges a 1% fee + $0.25-$2.50 on the payment.
Apple Pay
Apple Pay has become a mainstay of the digital payments universe. Since Apple is already in many pockets, its payment branch, Apple Pay, is often the quickest option for making payments. This fact makes Apple Pay an important option for businesses. Does your company accept credit and debit cards? If so, all you need to do is contact your payment to start accepting Apple Pay. In order to integrate Apple Pay on your website or in your app, you need to visit Apple Pay's page for developers. To accept Apple Pay, your company doesn't need any special equipment, you can use an iPhone to accept contactless payments through an app support by any of Apple's participating payment service providers. However, if you're already using a payment terminal, contact your provider to see if they take Apple Pay for contactless payments.
Pricing:
No fees - Fees applied by your provider
Plastiq
Plastiq is a unique payment system. It provides payment options for small businesses such as credit cards and short-term payments so they can better manage their cash flow. With Plastiq Pay, you can get financing with no strings attached and repay on your own terms. With Plastiq Accept, you can accept credit cards with zero merchant fees. Plastiq turns every payment into a potential rewards opportunity – since you can pay for virtually any business expense with your credit card through Plastiq, even if your vendor doesn't accept cards. This way, every dollar spent has the chance to turn into rewards points or miles, depending on your credit card’s rewards program. The main draw of Plastiq Accept is that you can accept credit cards without any merchant fees – something that will bolster your relationships with customers. Payment links or QR codes can be sent through invoice, text, or email, and customers can pay through credit, short-term financing, and more.
Pricing:
Two types of plans: Pay and Accept Payment plans. The plans then split into separate tiers: Plastiq Free ($0 /month), Plastiq Pay Pro ($59/mo), Plastiq Pay Enterprise ($119/mo). Accept Payment plans are the same structure for the first two tiers. However, Plastiq Accept Enterprise requires you to contact sales to get a quote. In addition to these plans, you will also get charged processing fees on certain actions
Looking for a Better Alternative? Try Wise Business
Some features Wise Business users love
Receive Payments like a local: Businesses can pay a one-time fee for accounts details in global currencies, such as USD, EUR, GBP, CAD, so they can receive money without any additional fees
Send payments at low cost: Wise Business is doing its best to lower the costs of doing business. With the mid-market exchange rate, you can send money overseas with Wise and avoid hidden fees.
Account Software Integration: QuickBooks, Xero, Sage, and Wave
Payroll and batch payment tools: Pay up to 1,000 invoice in one instance
The International Account: Hold and make payments in 40+ currencies
Transparency: Wise Business is trying to get rid of all your business account fees
Adyen
Adyen helps you manage business payments and control your finances. This global payment company has solutions built for digital businesses, omnichannel businesses, and platforms and marketplaces. The platform lets you send quick, instant payouts to freelancers, sellers, and vendors with Payouts. Whether you need to consolidate payments into a bulk payout or pay in multiple currencies, Adyen has the capabilities to do it. You can also pay out 24/7 in the US, EU, and UK and activate local payouts in 40+ countries. Adyen presents a unified commerce experience by connecting your online and offline payments. Via web, in-app, or payment link, customers can pay the way they prefer. There are also local payment methods for global customers, such as WeChat Pay for Chinese consumers and TWINT for Swiss consumers.
Pricing:
Pricing for Adyen consists of a payment processing fee and another fee for the specific type of transactions. The flat fee for USD fees is 0.13¢
Braintree
Braintree is a PayPal service that comes with its own special features and a more comprehensive approach to small business online payments. It’s an ideal system if you need to accept and process payments through an app or website. Braintree offers a payout service from Hyperwallet (also a PayPal service). It allows you to send payouts to sellers and freelancers in 200+ countries/regions in a variety of ways. If you’re looking to simplify the payout process, you can use API calls or batch file upload and do so that way. Braintree Direct comes with a ready-made Drop-in UI, or you can create your own customized UI if that’s what you prefer. With recurring billing for subscription-based plans and popular payment methods available, you can enjoy a smooth payment system that’s optimized for web and mobile.
Pricing:
Varies by payment method: Cards and Digital Wallets (2.59% + 0.49¢ per transaction), Venmo (3.49% + 0.49¢ per transaction), ACH Direct Debit (0.75% per transaction), PayPal and PayPal Credit (Subject to fees on your PayPal account)
Dwolla
Dwolla is a US-based payment company, which allows American business users to facilitate local US bank transfers and online payments through their website. You can either buy an off-the-shelf solution to get started, or use the Dwolla API to build your own, tailored payments options. Businesses can, through the ACH network, “send transfers to customers, receive transfers from customers, facilitate transfers between customers, and send ACH payouts or mass payouts.” It’s only available for use within the US at the moment, so international payments are a no-go. If your online business is currently trading globally, or if you might ever intend to reach customers, employees or suppliers based overseas, then Dwolla might not suit you.
Pricing:
Contact Sales
Verifone (2checkout)
Verifone (formerly 2checkout) provides omni-commerce solutions for a range of industries, business sizes, and use cases. With Verifone Cloud Services, businesses can implement a single unified payments engine across digital and physical sales channels. Verifone doesn’t offer the option to pay freelancers or suppliers. You won’t need to worry about diversity when it comes to receiving payments. That means customers won’t have any trouble paying in their favorite way. Their physical payment options include mobile POS, portables, and more, while digitally, you can provide hosted checkout or API checkout for a more customized experience. There are also subscription payments available to keep revenue flowing.
Pricing:
Three Plans: 2SELL (3.5% + 0.35¢), 2SUBSCRIBE (4.5% + 45¢), 2MONETIZE (6.0% + 60¢). Each plan gives your more options to sell globally, such as giving you more tools or payment methods.
Zuora
Zuora markets itself as a dynamic monetization platform for a variety of business models. It’s built to empower businesses with subscription-based models, consumption models, or hybrid approaches. Zuora’s Subscription Economy billing solutions use a billing engine, advanced analytics, and flexible pricing strategies to improve the customer experience.
Pricing:
Contact Sales
Convera
Convera (formerly known as Western Union Business Solutions) is a global provider of cross-border payment solutions. These solutions serve small and medium-sized companies, startups, and large organizations including NGOs. You can use Convera to make cross-border transfers and set up mass payments. You can also access financial products to help manage the risk of dealing with foreign currencies.
Pricing:
Similar to other FX payment providers, Convera charges a fee to move your money. Learn more about their fees on the Convera website.
Recurly
With the ability to support multiple currencies and tax compliance, as well as seamless integrations with popular payment gateways and accounting systems, Recurly aims to maximize your revenue and deliver an exceptional billing experience for both you and your customers. Recurly offers a comprehensive subscription and plans—there's also a wide range of customizable billing models that you can access. The customization doesn't end there, as you can also create bespoke invoices and receipts, as well as custom charges and credits to fit your needs. Recurly also will help your global business with support for multiple currencies and ensuring tax compliance.
Pricing:
Three Plans: Starter ($0 /month), Professional (Contact Sales), Elite (Contact Sales)
Authorize.net
Authorize.net accepts popular payment methods like credit cards, contactless payments and electronic checks. It also offshores Ecommerce, Point of Sale (POS), mobile payments and other services for its clients. Authorize.net’s fees vary depending on whether a company uses all of its services or just its monthly gateway service. When it comes to service, you can access customer support anytime.
Pricing:
Three Plans: All-in-one ($25/mo + Processing rates per transaction), Payment Gateway and eCheck ($25/mo + Processing rates for eCheck [0.75%] and Credit Card Transaction Fee [10¢ + daily batch fee 10¢]), Payment Gateway ($25/mo + 10¢ + daily batch fee 10¢)
Airwallex
A globally recognized financial technology company, Airwallex is known for handling cross-border transactions. The platform's forex and integration capabilities make it a strong alternative to other leading payment companies, especially for those who do business internationally. With Airwallex, you can connect with various existing ecommerce platforms. In addition, you can accept a wide range of popular local and global payment methods, including WeChat Pay, Apple Pay, Visa, iDEAL, and more. Finally, they have in-platform forex services to help you easily make exchanges between currencies.
Pricing:
Airwallex accounts have fees but to open a foreign and domestic curreny account, as well as get a multi-currency wallet, there is no charge.
Try Wise Business for Overseas and Domestic Payments
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies.
You can also get 9 major currency account details for a one-off fee to receive overseas payments like a local. You can open and manage your account online, or via the app, whenever you need. No need to wait in line or book appointments.
Sources:
- https://www.adyen.com/pricing
- https://www.airwallex.com/us/pricing
- https://www.apple.com/apple-pay/
- https://www.authorize.net/sign-up/pricing.html
- https://www.braintreepayments.com/braintree-pricing
- https://signup.celonis.com/ui/sign-up/get-started
- https://convera.com/contact-us/
- https://www.dwolla.com/pricing/
- https://gocardless.com/pricing/
- https://www.hyperwallet.com/contact-us/
- https://www.paystand.com/pricing
- https://www.plastiq.com/pricing/
- https://recurly.com/plans/
- https://ripple.com/contact/sales/
- https://www.skrill.com/en-us/siteinformation/fees/
- https://www.spreedly.com/contact-us
- Venmo Business Profile Fees
- https://www.2checkout.com/pricing/
- https://www.zuora.com/talk-to-sales/
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.