Revolut Business vs MoneyGram Business: Which is better for your business?
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Choosing the right business account makes a big difference in how you manage your finances. We’re comparing Revolut Business and MoneyGram Business, which includes their features, pricing, business card options and more, to help you decide which one works best for you.
| Revolut Business | MoneyGram Business | |
|---|---|---|
| Features | Multi-currency accounts, expense management, accounting software integration, physical and virtual cards, API integration | Global money transfers, access to 5 billion+ bank accounts and digital wallets, simple APIs, compliance tools |
| Pricing | Basic plan: $0/month; Grow: $30/month; Scale: $119/month; Enterprise: Custom pricing | Fees vary based on transaction details; no specific information on monthly subscriptions or setup fees |
| Business Cards | Physical and virtual cards available; customisable spend controls; ATM withdrawals | No business card offerings available |
Revolut Business vs MoneyGram Business: Key Features
| Revolut Business | MoneyGram Business | |
|---|---|---|
| Supported Currencies | Hold and exchange 25+ currencies | Multiple currency options; exact number not specified |
| International Payments | Send money to over 150 countries with transparent fees | Access to 5 billion+ bank accounts and digital wallets worldwide; competitive fees and exchange rates |
| Accounting Software Integration | Integrates with Xero, QuickBooks, and more | Not specified |
| Business Debit Cards | Physical and virtual cards available; customisable spend controls | Not available |
| App | Comprehensive mobile app with real-time tracking and transaction management | Not specified |
Both options bring solid features to the table. Revolut Business stands out with its comprehensive multi-currency support and seamless integration with accounting software, making it ideal for businesses dealing with international transactions and requiring streamlined financial management. MoneyGram Business excels in providing extensive global reach with access to billions of bank accounts and digital wallets, suitable for businesses focusing on widespread international money transfers. Ultimately, the best choice depends on your business’s specific needs.
Revolut Business vs MoneyGram Business: Pricing
| Revolut Business | MoneyGram Business | |
|---|---|---|
| Account Opening Fee | None | Not specified |
| Monthly Subscription | Basic: $0/month; Grow: $30/month; Scale: $119/month; Enterprise: Custom pricing | Not specified |
| Currency Exchange Fees | 0.6% markup above allowance; $1,000/month at interbank rate on Basic plan | Fees vary based on transaction details; competitive exchange rates |
| Money Transfer Fees | Free within plan limits; $5 per international transfer beyond allowance | Fees vary based on transaction specifics |
| FX Fees | Interbank rate within allowance; 0.6% markup beyond | Fees vary based on transaction details; competitive exchange rates |
Revolut Business offers a competitive subscription starting at $0/month for the Basic plan, while MoneyGram Business’s fees vary based on transaction specifics. However, Revolut provides more favorable currency exchange terms within plan allowances, whereas MoneyGram’s currency conversion fees are variable. Consider your transaction volume to determine which pricing structure is more cost-effective.
Revolut Business vs MoneyGram Business: Business Cards
| Revolut Business | MoneyGram Business | |
|---|---|---|
| Physical Card | Available; first card per team member free; additional cards may incur delivery charges | Not available |
| Virtual Card | Available; free | Not available |
| Custom Card | Available with spend controls and approvals | Not available |
| ATM Withdrawal | Available; fees may apply beyond free limits | Not available |
Both Revolut and MoneyGram offer business card functionalities. Revolut stands out with its provision of virtual cards and customisable spend controls, while MoneyGram does not offer business card options.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, make real-time and secure payments, process up to 1,000 transactions, and seamlessly fund them using Visa or Mastercard® credit cards |
| Pricing | No monthly fees or setup costs — pay only when you use the service to make cross-border business payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
