Corpay Reviews: Is It the Right Payment Solution for You?

Managing global payments is crucial for any small business operating internationally. Around four in five small businesses face challenges related to payments. These are usually concerning fees to time-consuming payments. They might also face delays in the settlement or availability of funds.¹ This makes it essential to choose a suitable payment platform to manage transactions.

This article looks at reviews of Corpay, a business payment software platform. We will explore its strengths, limitations, and how it stacks up against its key competitors. The aim is to help you decide whether it is the right fit for your business needs.

Corpay Review: Quick Overview

What is Corpay and What Services Does It Offer?

Corpay, which rebranded from FLEETCOR in 2024, offers a business payment platform. It's designed to help companies simplify how they manage payments and expenses. Corpay works with multiple countries and currencies, corporate payments and travel expenses.²

The platform reduces costs and manual processing errors through automated digital workflows. It also handles customized spending controls and secure payment networks. It also delivers data-driven insights to inform business decision-making.

Corpay’s key services include international payments and currency exchange risk management. You can also find payment automation and corporate credit card programs. It is the largest commercial Mastercard issuer in North America. Its offering is primarily tailored to mid-size and large enterprises that have complex payment needs.

When deciding whether to use a payment services provider like Corpay for your business, it’s important to research user reviews. These will give you insights into customers’ real-world experiences with the platform. This can help give you an idea of its ease of use, reliability, hidden fees and customer support. It's especially important when it comes to payments, as delays or errors can disrupt your business.

What Are the Benefits of Using Corpay?

Corpay is a top choice among large businesses as it offers several important advantages.

Competitive Exchange Rates and Low Fees

Corpay provides competitive currency conversion rates and a transparent fee structure. This makes it a strong choice for businesses that handle large volumes of foreign exchange transactions. It can be especially advantageous for companies looking to reduce their FX costs.

Easy-to-Use Payment Platform

Trustpilot reviewers note that Corpay’s dashboard is intuitive, easy to use and rarely encounters problems. It provides a range of reporting tools, vendor payment tracking and automated approval workflows.⁴

Strong Compliance and Security

Corpay is regulated and compliant with international financial industry standards. The service offers secure transaction processing, fraud prevention and audit trails. These are essential for large enterprises.

Automated, Customizable Workflows

Corpay’s advanced permissions and fraud prevention tools help manage spending. It also reduces manual processing, unauthorized transactions, and costly errors.

Scalable for Larger Businesses

Corpay is built to support mid-sized to large businesses that work across multiple countries. Its strong infrastructure is designed for companies with global operations and distributed teams.

What are the Possible Considerations of Using Corpay?

Corpay offers benefits for large businesses. However, there are some drawbacks you should be aware of before signing up for the service.

Customer Service Issues

Several online reviews refer to difficulty in contacting customer service staff. They also mention slow response times and problems in resolving support issues. This can disrupt business operations if there are technical challenges or payment disputes.⁵

Delays in Transaction Processing

Some users report experiencing delays to international payment and currency conversion transactions. This can affect business cash flow and even damage relationships with suppliers or employees.

Lack of Transparent Pricing

Unlike Wise, Payoneer, and other payment platforms, Corpay does not publish its transaction fees. They also don't reveal currency exchange rates, or other account charges on its website upfront. This makes it difficult to compare the cost of using its service with its competitors.

May be Too Complex for Small Businesses

Corpay’s platform is aimed at enterprises. Therefore, small businesses and solopreneurs will likely find it too complex or expensive.

Final Verdict: Is Corpay Right for Your Business?

Corpay provides a reliable platform with a robust enterprise-level infrastructure. But its service is not appropriate for all types of businesses. The platform is ideal for mid-size and large companies that make many international payments. It also supports currency exchange hedging and automates accounts payable processes.

Corpay is less suitable for freelancers and entrepreneurs. It's also not suitable for businesses that manage smaller volumes and need transparent pricing.

If Corpay does not align with your business need, there are alternatives that may be more suitable.

Freelancers, ecommerce sellers and solopreneurs might consider Payoneer. It provides virtual receiving accounts in several currencies. Payoneer can also be easily integrated with platforms like Amazon, Upwork and Fiverr.

SaaS companies, startups, and tech businesses can benefit from Airwallex’s flexible setup. Its API-led infrastructure allows them to build custom payment systems. These systems can connect to multi-currency accounts and virtual cards for streamlined global operations.

US-based companies that require end-to-end accounts payable and accounts receivable automation may opt to use Bill.com. They provide integrations with accounting platforms to help businesses streamline financial management.

Compared to such competitors, Corpay stands out for its scale and compliance. However, it lags when it comes to transparency and accessibility for smaller businesses.

Discover Wise: The Easy Way to Manage Small Business Finances in Multiple Currencies

Wise Business is an alternative option to Corpay, which can help save time and money on international transactions. It offers fast payments in many currencies and uses the mid-market exchange rate with no hidden fees. Businesses can receive payments like a local with account details in major currencies, and hold over 40+ currencies in one place. A Wise account can also connect to accounting software to streamline bookkeeping processes.

Register with 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. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to 140+ countries.

Sources:
¹2024 Report on Payments: Findings from the 2023 Small Business Credit Survey
²FLEETCOR Announces Rebranding to Corpay
³Corpay Cross-Border Reviews 140
⁴Trustpilot
⁵Trustpilot
All sources checked July 2025