As businesses evolve, their financial tools should too. Yet many companies are finding that the business accounts they once relied on are now slowing them down. Long wait times for Euro transfers, lack of crypto compatibility, inflexible compliance, and even blocked accounts are prompting founders and finance teams to look for smarter alternatives.

If your current provider isn’t keeping pace with your operations, it may be time to explore options that are built for how businesses work today. Below, we break down several notable platforms—what they’re good at, where they fall short, and what to look out for when choosing the right partner for your next stage of growth.

1. Wise: Efficient for Cross-Border Startups

Wise is a popular option for small companies handling international transfers. Known for low fees and fair exchange rates, it’s ideal if you want a simple, transparent way to manage multiple currencies.

✅ Pros: Euro IBANs, clear pricing, fast transfers across supported currencies
❌ Cons: No crypto support, lacks SEPA Instant, limited automation tools

2. Payoneer: Good for Freelancers and Marketplace Sellers

Payoneer makes it easy for individuals and marketplace vendors to receive payments in various currencies. It’s widely used across Amazon, Fiverr, and other platforms.

✅ Pros: Virtual accounts in USD, EUR, GBP; marketplace-friendly
❌ Cons: Not built for scale; limited automation; no SEPA Instant or crypto capabilities

3. Revolut Business: Feature-Rich but Tiered

Revolut Business offers a solid toolkit for international operations—multi-currency accounts, bulk payments, and real-time FX. However, many of its advanced tools sit behind a subscription paywall.

✅ Pros: Cross-border tools, bulk payouts, modern UI
❌ Cons: Crypto is investment-only, not payments; complex tiering; support concerns

4. Monzo Business: Simple and UK-Centric

Monzo is a great option for UK-based freelancers and micro-businesses. The interface is clean and mobile-first, with helpful budgeting tools.

✅ Pros: Fast onboarding, SEPA transfers possible
❌ Cons: No Euro balances, incoming EUR converted to GBP with fees, no batch or crypto payments

5. Mercury: Built for U.S. Startups

Mercury has made a name for itself in the U.S. tech scene thanks to its easy digital onboarding and developer tools. But for companies operating in or expanding to Europe, its limitations become evident.

✅ Pros: Developer-friendly, good for early-stage U.S. companies
❌ Cons: No Euro IBANs or SEPA; no crypto support; lacks batch payout functions

6. Monetum: Built for the Digital Economy

Monetum is designed for businesses that need modern financial infrastructure. It combines traditional banking tools (like SEPA Instant and batch payments) with full crypto functionality, allowing businesses to send, receive, and convert digital assets with ease.

✅ Pros: Euro IBANs, SEPA Instant, batch payments, crypto trading + payments
✅ Compliance: Fast, inclusive onboarding for a wide range of sectors
✅ Ideal for: Fintech, eGaming, marketplaces, or any business bridging fiat and crypto

What to Think About Before Switching

If you’re evaluating alternatives, ask yourself:

  • Does your business need real-time Euro transfers via SEPA Instant?

  • Are crypto payments or conversions a current or future need?

  • Do you require batch payment capabilities for affiliates, vendors, or clients?

  • Are you facing unnecessary compliance roadblocks due to your industry?

The Bottom Line
You shouldn’t have to fit your business around outdated financial tools. Whether you’re running a fast-scaling startup, a global platform, or an industry-disrupting brand, the right financial partner will support—not hinder—your growth.

If flexibility, speed, and crypto compatibility matter to you, explore what Monetum has to offer.