Best money transfer alternative to Western Union in 2023
It’s a small world, especially for the corporate ecosystem. Companies today have more global liaisons and vendor relationships than ever before. Volopay and Western Union offer international money transfers to make cross-country B2B payments easier. But for a seamless, end-to-end accounts payable experience, Volopay is the clear winner as the ideal expense management solution for your business.
Western Union allows businesses to make international money transfers, it still keeps payment channels diversified, time-consuming, and cumbersome.
Volopay is truly an all-in-one expense management software that effortlessly consolidates all local and international payments, corporate card expenses, and reimbursements onto one convenient location – while also providing the facility to automatically create expense reports and instantly sync them with your existing accounting system.
International money transfers processed through Western Union come packaged with their exorbitant remittance rate. This can quickly drain your company funds before you realize it.
Thankfully, with Volopay, you can quickly process cross-country money transfers without any extra penny on your part. That’s right! Volopay offers an absolute zero-dollar remittance fee on all your money transfers. Every single cent saved goes right back to your pocket.
Zero dollar remittance fee
Lowest FX rates
Robust reimbursement management
Physical and virtual corporate cards
Integrations with leading accounting software and ERPs
Proliferating vendor network
Business credit up to $500K
Automated expense reporting
Exclusive account executives with 24*7 customer support
While both Volopay and Western Union offer faster international money transfers than traditional banks, only the latter charges you a sky-high exchange rate for it. Volopay offers the lowest FX rates ever compared to other expense management platforms. Switch out the old and expensive with the new and economical – with Volopay.
Simplify and streamline your business expenses through Volopay’s physical and virtual corporate cards. Western Union’s money transfer process lacks accountability and transparency. Moreover, it lacks the ability to track, control, and manage expenses which Volopay does so effectively. With our VISA-powered cards, you can generate unlimited virtual cards and manage employee spends, subscriptions, departmental budgets, and so much more.
Tired of the haphazard way Western Union records expenses? Volopay comes to the rescue. Our intuitive platform automatically generates thorough expense reports that are accurately categorized to save your accounting team countless hours every year. Save even more time with our innovative one-click sync feature that allows you to upload multiple expense reports onto your existing accounting software in real-time, making auditing and bookkeeping a stress-free experience.
Businesses also require a strong cash flow for an effective all-around payment process. With Volopay, you can start a fresh business credit line of up to $500K with absolutely no collateral and minimal documentation. We also empower businesses with flexible repayment cycles to suit their needs. While Western Union levies fees on payments and processes, we help companies to save time and money, and the opportunity to inject funds should they require it.
You can save time and money when conducting business globally using Volopay’s multi-currency wallets. Unlike traditional international transfers, utilizing a multi-currency wallet will allow you to load, hold, and spend money in multiple currencies without having to convert everything every time you receive or make payments. The transfer can happen instantaneously when you bypass conversion processes and as a bonus, you’ll also be saving on the transfer fees.
No more switching between multiple bank accounts and tools to run your smart business. We have combined great software with every service you are using a bank for, to produce a state-of-the-art financial platform.
Empower your employees with physical and virtual cards
Manage and track every dollar that leaves your company
Open a global account with multi-currency payments.
Manage vendors, approve invoices and automate payments.
Save hours daily, and close your books faster every month.
Integrate with the all the tools and software that you use daily.
While “one size does not fit all” stands true for most money transfer services like Western Union, at Volopay, we do things differently. Our platform is built to scale with companies no matter what stage of growth they are in.