Compare DynaPay vs TransferWise

DynaPay Ltd Logo
Trustpilot Rating
Reviews 1 | Average
 (3.7)

DynaPay Ltd is an electronic money institution focused on providing banking alternative for online-oriented businesses and PSP solution for low and medium risk merchants. DynaPay is a part of DYNINNO Group that provide in-house IT solutions, lead generation and sales to brands operating in more than 50 markets worldwide. DynaPay Ltd offers payment accounts with IBAN for businesses and individuals, card acquiring, payment processing, white-label solutions, merchant accounts. In 2018 DynaPay Ltd had total assets of 2,144.00 GBP, DynaPay Ltd generated net income of -48,534.00 GBP. Incorporated in the United Kingdom, DynaPay Ltd is authorized and regulated by the Financial Conduct Authority.

Transferwise Ltd Logo
Trustpilot Rating
Reviews 94,805 | Excellent
 (4.6)

Transferwise Ltd is an electronic money institution focused on international money transfers. Transferwise Ltd offers prepaid cards, international money transfers, virtual accounts with IBAN to individuals, businesses. In 2019 Transferwise Ltd had total assets of 1,108.80 mln GBP, Transferwise Ltd generated net income of 10.30 mln GBP. Incorporated in the United Kingdom, Transferwise Ltd is authorized and regulated by the Financial Conduct Authority.

DynaPay Business Focus
banking services, payments processing solutions
DynaPay Solutions
  • white-label solutions
  • banking as a service (BaaS)
  • PSP for licensed cryptocurrency wallets
DynaPay Products
  • personal accounts with IBAN
  • business accounts with IBAN
  • merchant accounts
DynaPay Services
  • card acquiring
  • payment processing
DynaPay Clients
  • individuals
  • businesses
  • merchants
  • financial institutions

View DynaPay Profile +

TransferWise Business Focus
international money transfers
TransferWise Products
  • prepaid cards
  • virtual accounts with IBAN
TransferWise Services
  • international money transfers
TransferWise Clients
  • individuals
  • businesses

View TransferWise Profile +

Compare Personal Accounts

DynaPay TransferWise
CurrencyEUREUR, GBP, AUD
and 43 more
Payment Cards physical
virtual
physical
virtual
Personal IBAN available (GB IBAN) available (BE, GB IBAN)
UK Account Number not available available
Customer GroupsEU residents
non-EU residents
all countries
Pricing Plans EU
Multinational
single for all customers
Open Account Open Account
 

Currency

DynaPay

Personal Payment Account is a single-currency account, allowing the account holder to have funds in EUR only.

TransferWise

Borderless Account is a multi-currency account, allowing the account holder to have funds in EUR, GBP, AUD, AED, ARS, BDT, BGN, CHF, CLP, CNY, CZK, DKK, EGP, GEL, HKD, HRK, HUF, CAD, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, USD, PEN, PHP, PLN, PKR, RON, RUB, SEK, SGD, THB, TRY, UAH, VND, ZAR.

Payment Cards

DynaPay

Payment cards are not offered together with Personal Payment Account.

TransferWise

TransferWise Personal Card (MasterCard) can be ordered together with Borderless Account. Virtual cards are not available.

International Transfers

DynaPay

  • SWIFT Transfers
  • SEPA Credit Transfers

TransferWise

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

DynaPay

n/a

TransferWise

  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances
  • ABA and account number available for USD balances
  • BSB and account number available for AUD balances
  • account number available for NZD balances
  • account number available for PLN balances

IBAN Countries

DynaPay

Personal IBANs assigned to Personal Payment Account belong to the United Kingdom.

TransferWise

Personal IBANs assigned to TransferWise Borderless accounts belong to:

  • Belgium for EUR balances
  • the United Kingdom for GBP balances

Account Security

DynaPay

n/a

TransferWise

TransferWise uses HTTPS encryption, and two-factor authentication to protect all customer transactions and make sure everything is secure. TransferWise will never misuse or sell customer data.

Pricing Plans

DynaPay

Personal Payment Account is offered with several pricing plans for different customer groups, namely EU, Multinational.

TransferWise

Borderless Account is offered with a single pricing plan for all customers.

  • Borderless Account
  • offered to: all countries
  • Initial Fee 0.00 EUR
  • SEPA Outgoing 0.60 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.60 EUR
  • SWIFT Incoming 0.00 EUR
  • Low conversion fees
  • Zero transaction fees
  • Free ATM withdrawals up to £200 per 30 days
  • Open Account

How to Open DynaPay Account

Opening Personal Payment Account
1.
Provide your details online
2.
Upload your proof of identity
3.
Upload your proof of address
4.
Account is ready to use in 15 minutes
Proof of Identity. Depending of the client's country, DynaPay accepts the following documents: passport, national ID card, driving license.
Proof of Address. These documents are accepted as a proof of address: utility bill, bank statement, tax return.


How to Open TransferWise Account

Opening Borderless Account
1.
Provide your details online
2.
Upload your proof of identity
3.
Upload selfie with your proof of identity
4.
Account is ready to use in 2 days
Proof of Identity. Depending of the client's country, TransferWise accepts the following documents: passport, national ID card, driver's licence.


Compare Business Accounts

DynaPay TransferWise
CurrencyEUREUR, GBP, AUD
and 43 more
Payment Cards physical
virtual
physical
virtual
Personal IBAN available (GB IBAN) available (BE, GB IBAN)
UK Account Number not available available
Customer GroupsEU based
non-EU based
all countries
Pricing Plans EU
Multinational
single for all customers
Open Account Open Account
 

Currency

DynaPay

Business Payment Account is a single-currency account, allowing the account holder to have funds in EUR only.

TransferWise

Business Account is a multi-currency account, allowing the account holder to have funds in EUR, GBP, AUD, AED, ARS, BDT, BGN, CHF, CLP, CNY, CZK, DKK, EGP, GEL, HKD, HRK, HUF, CAD, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, USD, PEN, PHP, PLN, PKR, RON, RUB, SEK, SGD, THB, TRY, UAH, VND, ZAR.

Payment Cards

DynaPay

Payment cards are not offered together with Business Payment Account.

TransferWise

TransferWise Business Card (MasterCard) can be ordered together with Business Account. Virtual cards are not available.

International Transfers

DynaPay

  • SWIFT Transfers
  • SEPA Credit Transfers

TransferWise

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

DynaPay

n/a

TransferWise

  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances
  • ABA and account number available for USD balances
  • BSB and account number available for AUD balances
  • account number available for NZD balances
  • account number available for PLN balances

IBAN Countries

DynaPay

Personal IBANs assigned to Business Payment Account belong to the United Kingdom.

TransferWise

Personal IBANs assigned to TransferWise Borderless accounts belong to:

  • Belgium for EUR balances
  • the United Kingdom for GBP balances

Account Security

DynaPay

n/a

TransferWise

TransferWise uses HTTPS encryption, and two-factor authentication to protect all customer transactions and make sure everything is secure. TransferWise will never misuse or sell customer data.

Pricing Plans

DynaPay

Business Payment Account is offered with several pricing plans for different customer groups, namely EU, Multinational.

  • EU
  • offered to: EU based
  • Initial Fee 200.00 EUR
  • Monthly Fee 50.00 EUR
  • Open Account
  • Multinational
  • offered to: non-EU based
  • Initial Fee 500.00 EUR
  • Monthly Fee 100.00 EUR
  • Open Account

TransferWise

Business Account is offered with a single pricing plan for all customers.

  • Business Account
  • offered to: all countries
  • Initial Fee 0.00 EUR
  • SEPA Outgoing 0.60 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.60 EUR
  • SWIFT Incoming 0.00 EUR
  • Batch payments
  • Xero integration
  • Open API
  • Monthly statements
  • Open Account

How to Open DynaPay Account

Opening Business Payment Account
1.
Provide your details online
2.
Upload your proof of identity
3.
Upload your proof of address
4.
Upload your company details
5.
Account is ready to use in up to 24 hours


How to Open TransferWise Account

Opening Business Account
1.
Provide your details online
2.
Upload your company details
3.
Upload your proof of identity
4.
Account is ready to use in 4-7 business days
Company Details. To open a TransferWise Business Account, a client needs to provide company details, including business registration, the industry which the company operates in, any online or social presence, name, date of birth, and country of residence for all legal business owners and directors.
Personal Details. Customer applying for opening TransferWise Business account, should provide his/her personal details and describe the role in the business.
The application is submitted for review, and TransferWise team will contact the customer back to clarify additional details.
It usually takes between 4-7 days to open a business account.
Country-Specific Requirements. If the business is registered in the United States, Singapore, Japan, Hong Kong, or New Zealand, there may be additional things TransferWise needs before having the account verified.