Compare MultiPass Platforms vs Wallester

MultiPass Platforms

#4 EMI in the UNITED KINGDOM
MultiPass Platforms Limited Logo
TheBanks.eu Rating
Excellent  (4.63)
banking services, cross-border payment solutions

Multipass Platforms Limited is an electronic money institution focused on providing a banking alternative for businesses with international payment needs. MultiPass 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. MultiPass offers dedicated multicurrency IBANs for businesses, local UK, EU and US accounts, instant FX service and corporate cards. In 2022 MultiPass Platforms Limited had total assets of 2.94 mln GBP, and generated net income of -1,768,408.00 GBP. During 2022 the company had 41 employees in average. Multipass Platforms Limited is authorised by the Financial Conduct Authority (FRN: 900840). MultiPass Platforms is ranked #4 EMI in the United Kingdom.



Wallester

Wallester AS Logo
white-label solutions, card issuing services

Wallester AS is a Payment Service Provider authorized and regulated by theEstonian Financial Supervision Authority. Wallester is focused on providingfull payment solutions and VISA card issuing toEuropean legal entities. Wallester's software and REST API allow users toeasily integrate and manage card programs, covering the range from startupsto large corporations.


Business Overview

Solutions
  • card issuing
  • card processing
  • white label solutions
Products
  • multi-currency IBAN accounts
  • virtual cards
  • plastic cards
  • corporate e-wallet accounts
  • prepaid cards
  • debit cards
  • credit cards
  • physical cards
  • virtual cards
Services
  • international transfers
  • local transfers
  • currency exchange
  • program management
  • BIN sponsorship
Clients
  • international businesses
  • IT companies
  • marketing agencies
  • wholesale trade
  • retail trade
  • banks
  • e-money institutions
  • FinTech companies
  • loan providers, including peer-to-peer
  • insurance companies
  • e-commerce marketplaces
  • travel agencies
  • employers and gig platforms
  • streaming platforms
View Profile +View Profile +

Compare Business Accounts

CurrencyGBP, EUR, USD and 67 moreEUR, USD, GBP and 7 more
Payment Cards physical
virtual
physical
virtual
Dedicated IBAN available (GB, EU IBAN) available (LV, DK IBAN)
UK Account Number available not available
Customer Groupseligible companiesall countries
Pricing Planssingle for all customerssingle for all customers
Open Account Open Account

Currency

Business Payment Account is a multi-currency account, allowing the account holder to have funds in the following currencies: GBP, EUR, USD, AED, ALL, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BRL, BWP, CAD, CHF, CLP, CNY, COP, CZK, DKK, FJD, GHS, HKD, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, LKR, LSL, MAD, MUR, MWK, MXN, MYR, MZN, NAD, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, QAR, RON, SAR, SEK, SGD, THB, TND, TRY, TTD, TWD, TZS, UGX, UYU, VND, XAF, XCD, XOF, ZAR, ZMW.

Wallester Corporate Wallet is a multi-currency account, allowing the account holder to have funds in the following currencies: EUR, USD, GBP, SEK, NOK, DKK, PLN, CZK, HUF, RON.

Payment Cards

Up to 15 payment cards can be ordered together with Business Payment Account.

Wallester Corporate Card (Visa) can be ordered together with Wallester Corporate Wallet.

International Transfers

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers
  • Target2 Transfers
  • CHAPS Transfers
  • Faster Payments
  • ACH Transfers
  • FedWire Transfers
  • other local transfers

  • SWIFT Transfers

IBAN Countries

Dedicated IBANs assigned to Business Payment Account belong to the United Kingdom and several EU countries.

Dedicated IBANs assigned to Wallester Business Accounts belong to:

  • Latvia for EUR balances
  • Denmark for other currencies

Pricing Plans

Please note that the quote below serves as a guide. Actual costs will be determined based on your business industry, payment volumes and other factors.

  • Business
  • offered to: eligible companies
  • Initial Fee 500.00 GBP
  • Monthly Fee 100.00 GBP
  • Closing Fee 300.00 GBP
  • SEPA Out 0.10 %; min 10.00 EUR
  • SEPA In 2.00 EUR
  • SWIFT Out min 40.00 GBP
  • SWIFT In min 20.00 GBP
  • BACS 20.00 GBP
  • CHAPS 20.00 GBP
  • Faster Payments 1.00 GBP
  • Open Account

Wallester Corporate Wallet is offered with a single pricing plan for all customers.

Account Opening

How to Open MultiPass Platforms Account

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



Detailed proof of incorporation (e.g. certificate of incorporation, articles of association, full extract from the company register with up-to-date information about the company's directors and shareholders).
Proof of identity (passport or national ID card and proof of address not older than 3 months) for all directors and shareholdersof the company.
Multipass Platforms can request other documents or information for KYC purposes.

Compare Corporate Cards

MultiPass Platforms Limited CardWallester AS Card
Card Typeprepaid
physical, virtual
contactless
prepaid
physical, virtual
contactless
Currencysingle currency
EUR, GBP
single currency
EUR
Card ProviderMasterCardVisa
Order Card Order Card

Card Type

MultiPass Platforms cards are prepaid cards, rather than debit cards. MultiPass Platforms cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.

Wallester cards are prepaid cards, rather than debit cards. Wallester cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.

Currency

MultiPass Corporate Card is a single currency card, it can be issued either in EUR or in GBP. EUR, GBP.

Wallester Corporate Card is a single currency card, it can be issued in EUR only.

Card Loading

MultiPass Corporate Card can be funded after its activation, it has its own separate balance and should be topped up before spending funds. MultiPass Corporate Card can be funded from your MultiPass business account in seconds.

Wallester Corporate Cards can be loaded via a transfer from an IBAN account in the European Economic Area or the United Kingdom.

Card Security

All MultiPass cards are 3D secure, meaning that the cardholder will sometimes be asked to verify online purchases with a 2FA verification code and a static password that the cardholder sets when ordering a card.

n/a

Pricing Plans

Card Fees and Limits

Physical CardVirtual Card
Initial issuance & replacement12.00 EURfree
Maintenance fee12.00 EUR12.00 EUR
In-store and online paymentsfreefree
Original Credit Transaction (Moneysend)6.00 EUR6.00 EUR
FX markup1.50 %1.50 %
ATM withdrawal1.50 %n/a

Card Fees and Limits

FreePremiumPlatinumEnterprise
Monthly Fee0.00 EUR199.00 EUR999.00 EURcustom
Number of Free Virtual Cardsup to 300up to 3 000up to 15 000individual
Additional Virtual Card0.35 EUR per month0.20 EUR per month0.10 EUR per monthcustom
Physical Card Issuancefreefreefreefree
Physical Card Delivery5.00 EUR5.00 EUR5.00 EUR5.00 EUR
POS Transactionsno feeno feeno feeno fee
ATM Withdrawal (Europe)2.00 %, min 2.00 EUR2.00 %, min 2.00 EUR2.00 %, min 2.00 EUR2.00 %, min 2.00 EUR
ATM Withdrawal (International)2.00 % + 2.00 EUR2.00 % + 2.00 EUR2.00 % + 2.00 EUR2.00 % + 2.00 EUR
Foreign Exchange2.00 %2.00 %2.00 %2.00 %
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