Volopa is designed to help businesses efficiently make global payments and manage their employee expenses. Read on to learn more about this global payments platform. <\/p>
Volopa is a business payments platform that brings together global payments, multicurrency prepaid company cards and employee expense management. <\/p>
It specialises in FX payments for small businesses, allowing customers to make same-day payments in more than 10 currencies. In addition to this, customers can use its business prepaid cards for multicurrency transactions. <\/p>
Volopa has 3 different accounts to choose from. <\/p>
Its international payments account has no set-up or account-maintenance fees. Instead, you will be charged a fee when making payments. With this account you\u2019ll be able to access 36 currencies, fund international payments and collect with virtual IBANS in 17 currencies, as well as make same-day global payments. <\/p>
Meanwhile, its Cards Account has an annual fee which is billed annually or quarterly. This account lets you have unlimited multi-currency business cards for your employees, and includes expense management features like spending limits, receipt capture and accounting integrations. There\u2019s also the option to add on features like shared wallets and bulk receipt downloads. You can hold up to 14 major currencies in your multi-currency company wallet.<\/p>
Volopa also has a Bespoke Business Account option that offers a personalised solution with advanced functionality and special pricing. <\/p>
If yours is a small business that frequently needs to make international payments, then Volopa is offering a simple solution with no hidden monthly or card fees. It\u2019s free to set up and will give you access to wholesale exchange rates. <\/p>
You can also lock in exchange rates for up to 12 months, with both Fixed Forwards and Open\/Window Forwards. <\/p>
With its different account options, if you have employees that need to make card payments abroad, you will also be able to provide them with multicurrency prepaid cards that have global Mastercard acceptance through Volopa\u2019s Cards Account. Everything can be managed via the Volopa Business app. <\/p>
Volopa was founded in 2011 and is authorised by the Financial Conduct Authority (FCA) as a payment institution. This means that it is required to keep client funds in segregated accounts to keep your money safe<\/p>
If you ever have any concerns about your prepaid card, you can temporarily freeze and unfreeze it using the app or online. Volopa also monitors accounts for any suspicious activity and offers multi-factor authentication to protect your account further. <\/p>
If you are a small business that regularly makes international payments, Volopa is free to set up and has no ongoing maintenance fees. While there are fees attached to payments, you\u2019re not tied into a long contract. If you need more functionality, including multi-currency cards, then there is the option to go for the Cards Account which has a monthly fee, but offers more in terms of functionality beyond international payments. <\/p>
If you do choose to go for the account with the monthly fee, just note this is on the high side compared to other competitors. <\/p> \n