Top US Corpay Competitors: Alternatives for Global Payments

Global payment platforms are essential for businesses that operate across borders. But choosing the right one for your business needs can be tricky.

More than 50% of B2B invoices in the US are paid late. This is costing businesses billions of dollars each year and disrupting their cash flow.¹ Companies that have fully automated accounts receivable systems report less stress and faster growth. They also have improved cash flow management. That makes choosing the right payment platform critical for efficiency.

This article helps you compare business payment platform Corpay with some of the top alternatives. We will compare features, fees, and best-use cases to decide which is the best fit for your business.

What is Corpay?

Corpay (formerly known as Comdata and FLEETCOR Technologies) is a corporate payments company. It focuses on providing payment solutions to help businesses simplify how they manage their vehicle-related expenses and travel expenses. It also simplifies other payments to vendors, employees, and partners internationally.

Corpay serves more than 800,000 business customers globally, processing over $145 billion in transactions annually. They work with 200 countries in over 140 currencies. It is the leading commercial Mastercard issuer in North America.²

CorPay’s services include:

• Cross-border payments
• Currency risk management
• Accounts payable automation
• Prepaid and corporate card solutions

Corpay targets mid-sized to large businesses. It provides them with robust compliance and reporting tools. The company aims to save businesses time and money using its automated processes.

However, CorPay’s transaction fees, pricing and limited support for freelancers or small businesses mean it may not be suitable for every company. So, what are some alternatives to CorPay, and how do their features compare?

Top Corpay Competitors: What are the best alternatives to Corpay?

Payoneer

Payoneer is a popular online provider of small business accounts and card services. It gives freelancers, online sellers, and small business owners ways to pay and get paid in US dollars and other currencies.

Key Features:

• Global payment solutions supporting payments in 70 currencies
• Virtual local receiving accounts for nine currencies (USD, EUR, GBP, etc.)
• Integration with platforms like Amazon, Upwork, and Fiverr

Main Fees:³

• Receiving payments: Free from other Payoneer users; 3.99% by credit card; 1% for ACH bank debits (US only)
• Sending payments: Free to other Payoneer users; up to 3% to non-Payoneer accounts
• Withdrawal to USD bank account: $1.50
• Currency conversion: Up to 2% markup above mid-market exchange rate

Standout Feature: Connections with 2,000 marketplaces, platforms and networks for global reach

Best For: Freelancers, online marketplaces, and cross-border e-commerce businesses

Wise

Wise is an international Money Services Business (MSB) provider that provides multi-currency accounts for individuals and businesses. Its business account allows users to send and receive payments and hold multiple currencies. It provides useful features for managing business finances.

Key Features:

• Fast, low-cost international transfers to 160+ countries
• Transactions at the real mid-market exchange rate
• Multi-currency account with local bank details
• Business tools such as free invoicing, payment links ,and simple integrations with platforms like QuickBooks

Main Fees:⁴

• Sending payments: from 0.57%, varies by currency
• Receiving payments: Domestic payments free; $6.11 per wire and Swift payment
• Currency conversion: from 0.57%, varies by currency

Standout Feature: Transparent pricing model

Best For: SMEs handling frequent international transactions

Airwallex

Airwallex targets businesses that have complex payment flows requiring sophisticated systems. For example, software-as-a-service providers. Airwallex provides automated billing for subscription services as well as real-time currency conversion with low transaction fees, multi-currency business accounts, and connections to platforms like Shopify and WooCommerce to streamline transactions.

Key Features:

• Global business accounts
• Competitive exchange rates for cross-border transactions
• API and software integration for automated workflows

Main Fees:⁵

• Receiving payments: 2.80% + $0.30 for domestic cards; 4.30% + $0.30 for international cards; $0.30 + fee for local payment methods
• Currency conversion: Typically 0.5-1% above mid-market FX rate

Standout Feature: API-driven infrastructure

Best For: SaaS businesses, high-growth startups, and global teams

Bill.com

Bill.com is a cloud-based software platform designed to automate the small business operations. It automates financial operations of businesses, including creating and paying bills. It can also help with sending invoices, managing expenses budgeting, and accessing credit lines.
Bill.com claims its 7.1 million members save an average of $10,000 and 12 hours monthly and handle a total of $300 billion in payment volumes.

Key Features:

• Automated accounts payable and receivable
• Integration with accounting tools
• Supports international vendor payments

Main Fees:⁶

• Monthly plans: Starting at $45/user
• Sending payments: $0.59 ACH/ePayment; $19.99 international USD wire; 2.9% credit card
• Receiving payments: $0.59, free if sent from a BILL subscriber; 2.9% for credit or debit card
• Currency conversion: FX rate + small fee per transaction
• Balance withdrawal via instant transfer: 1% ($1 minimum fee)

Standout Feature: Automation to simplify business operations

Best For: US-based businesses requiring AP/AR automation and vendor payment tracking

Comparison of Corpay Competitor Features and Pricing

How Does Corpay Compare to Payoneer and Wise?

Corpay focuses on providing services to larger enterprises. These companies have complex requirements for their global operations. They also require currency exchange risk management. But Payoneer and Wise are better suited to small and mid-sized businesses with more straightforward needs.

Payoneer focuses on providing multi-currency accounts with local details to freelancers, marketplaces, and ecommerce businesses. Wise offers a low-cost, highly transparent option for entrepreneurs and small businesses making regular international payments.

Is Corpay the Best Option for Small Businesses?

Corpay is likely to be excessive for small businesses that simply require affordable currency conversion and have no need for advanced risk hedging or corporate credit card programs.
Alternatives like Wise or Payoneer usually offer better value for money. They are also easier to use for small businesses. This is helpful if you need to collect payments from international customers or pay suppliers in other countries. But if your company needs more than simple payment processing, you can look at Bill.com. It offers tools to fully automate accounts payable and receivable.

Ultimately, the best choice depends on the size, transaction volume, and specific needs of your business.

Discover Wise: Take the Hassle Out of Managing Money Across Borders

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. Wise Business is widely used by small businesses looking for a simple and low-cost way to receive international payments from clients and send payments abroad. There are no monthly fees, and international payments clear quickly at the mid-market exchange rate.

Register with Wise Business 🚀

You can receive payments like a local with major currency account details and hold multiple currencies all in one place. You can also connect to accounting software to help manage your business finances.

Sources:
¹B2B payment trends
² https://www.corpay.com/about-us
³ https://www.payoneer.com/about/pricing/
⁴ https://growth-layer.live/us/pricing/%3C/a%3E%3Cbr%3E ⁵ https://www.airwallex.com/us/pricing
⁶ https://www.bill.com/product/pricing#business
All Sources checked July 2025