Overview
Volopay, at a glance.
Volopay is a spend management platform. Pricing is agreed with each client. Opening an account takes 3–5 days.
Volopay is not itself a licensed bank or payment institution. Its terms say accounts and payment services are provided through Airwallex US, LLC and other regulated partners.
Why businesses pick Volopay
- Corporate cards, accounts payable and expense tools on one platform
- Payments in 65+ currencies to 100+ countries
- Virtual and physical Visa cards, with no limit on users
- No fee for domestic transfers
- Accounting integrations with Xero, QuickBooks and NetSuite
Watch out for
- Prices are by quote and not published
- Volopay holds no licence of its own: the accounts belong to its partners
- Trustpilot score of 4.1 from only 16 reviews
- Accepted countries and company types are not published
- Aimed at spend management, not as a main bank account
Business fit
Will Volopay accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Volopay's published rules
Needs review
Volopay works with Startups and SMEs, but does not publish the countries it accepts companies from.
Volopay does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Volopay publishes about the businesses it takes on.
Who Volopay serves
- Startups and SMEs
- Executives and finance teams
- E-commerce
Not supported
Industries and countries Volopay does not accept, from its own published lists.
Industries
- Fraud, money laundering and terrorist financing
- Sanctions violations
- Unlawful gambling
- Prohibited financial activity
- Illegal goods or services
- Counterfeit or infringing goods
- Deceptive practices
Countries
- Not published
Coverage
Where can you use Volopay?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
65+ currencies to pay out
The wallet holds SGD and USD on the Singapore plan and up to 11 currencies on the Australian one. The full list is not published.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Volopay cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
Not published
Plans by quote
Custom
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SWIFT / international | Not published | |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Volopay a bank?
No. Volopay Ltd is a software platform. Its terms say accounts and payment services are provided through Airwallex US, LLC and other regulated partners, and that approval of an account is at Volopay's discretion.
How much does Volopay cost?
Plans are quoted by the sales team. Volopay says there are no hidden fees, no transaction limits and unlimited users, domestic transfers cost nothing and international transfer fees are low.
Which currencies does Volopay support?
Transfers in 65+ currencies to 100+ countries. The wallet holds SGD and USD on the Singapore plan and up to 11 currencies on the Australian one.
Which businesses does Volopay not accept?
Its terms prohibit fraud, money laundering, terrorist financing, sanctions violations, unlawful gambling, prohibited financial activity, illegal goods or services and counterfeit goods. It publishes no list of industries.
Alternatives
How Volopay compares.
If Volopay is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 VolopayThis pageSpend management platform | Not published | Visa cardsAsia-Pacific |
| PleoE-money institution |   | Expense cardsSpend management |
 SpendeskPayment institution |  | Expense cardsSpend management |
 PayhawkE-money institution |  | Expense cardsSpend management |
 SoldoE-money institution |  | Expense cardsSpend management |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.