Compare Nexpay vs TransferWise

UAB Nexpay Logo
Trustpilot Rating
Reviews 3 | Average
 (3.6)

UAB Nexpay is an electronic money institution focused on providing IBAN accounts and crypto exchange. UAB Nexpay offers virtual IBAN accounts, cryptocurrency exchange, cryptocurrency trading to individuals, businesses. In 2019 UAB Nexpay had total customer funds to be safeguarded of 1.94 mln EUR, UAB Nexpay generated gross profit of 205,000.00 EUR. Incorporated in Lithuania, UAB Nexpay is authorized and regulated by the Bank of Lithuania. UAB Nexpay is doing business as Globitex.

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.

Nexpay Business Focus
providing IBAN accounts and crypto exchange
Nexpay Products
  • virtual IBAN accounts
Nexpay Services
  • cryptocurrency exchange
  • cryptocurrency trading
Nexpay Clients
  • individuals
  • businesses

View Nexpay 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

Nexpay TransferWise
CurrencyEUREUR, GBP, AUD
and 43 more
Payment Cards physical
virtual
physical
virtual
Personal IBAN available (LT IBAN) available (BE, GB IBAN)
UK Account Number not available available
Customer Groupsall countriesall countries
Pricing Plans Basic
Premium
single for all customers
Open Account Open Account
 

Currency

Nexpay

Individual EURO Wallet 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

Nexpay

Payment cards are not offered together with Individual EURO Wallet.

TransferWise

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

International Transfers

Nexpay

  • SWIFT Transfers
  • SEPA Credit Transfers

TransferWise

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

Nexpay

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

Nexpay

Personal IBANs assigned to Individual EURO Wallet belong to Lithuania.

TransferWise

Personal IBANs assigned to TransferWise Borderless accounts belong to:

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

Account Security

Nexpay

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

Nexpay

Individual EURO Wallet is offered with several pricing plans for different customer groups, namely Basic, Premium.

  • Basic
  • offered to: all countries
  • Initial Fee 0.00 EUR
  • Monthly Fee 0.00 EUR
  • Closing Fee 10.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 1.00 EUR
  • Open Account
  • Premium
  • offered to: all countries
  • Initial Fee 0.00 EUR
  • Monthly Fee 5.00 EUR
  • Closing Fee 10.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 EUR
  • Open Account

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 Nexpay Account

Opening Individual EURO Wallet
1.
Provide your details online
2.
Upload your proof of identity
3.
Account is ready to use in a few hours
Globitex offers three different account types: Level 1, Level 2 and Individual EURO Wallet.
Level 1 account is limited to operations with cryptocurrencies only (namely, to deposit, trade and withdraw cryptocurrencies). A customer will need to confirm her/his e-mail, phone number and set up the 2-Step Verification.
Level 2 account also allows to deposit and withdraw fiat currencies, but within certain limits. In order to upgrade to Level 2 account a customer will have to verify her/his identity and provide some basic information about her/himself.
Individual EURO Wallet allows to manage EUR payment operations from the Globitex cryptocurrency exchange platform.


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

Nexpay TransferWise
CurrencyEUREUR, GBP, AUD
and 43 more
Payment Cards physical
virtual
physical
virtual
Personal IBAN available (LT IBAN) available (BE, GB IBAN)
UK Account Number not available available
Customer Groupsall countriesall countries
Pricing Plans Basic
Premium
single for all customers
Open Account Open Account
 

Currency

Nexpay

Corporate EURO Wallet 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

Nexpay

Payment cards are not offered together with Corporate EURO Wallet.

TransferWise

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

International Transfers

Nexpay

  • SWIFT Transfers
  • SEPA Credit Transfers

TransferWise

  • SWIFT Transfers
  • SEPA Credit Transfers
  • SEPA Instant Transfers

Personal IBAN

Nexpay

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

Nexpay

Personal IBANs assigned to Corporate EURO Wallet belong to Lithuania.

TransferWise

Personal IBANs assigned to TransferWise Borderless accounts belong to:

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

Account Security

Nexpay

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

Nexpay

Corporate EURO Wallet is offered with several pricing plans for different customer groups, namely Basic, Premium.

  • Basic
  • offered to: all countries
  • Initial Fee 500.00 EUR
  • Monthly Fee 0.00 EUR
  • SEPA Outgoing 1.00 EUR
  • SEPA Incoming 1.00 EUR
  • Open Account
  • Premium
  • offered to: all countries
  • Initial Fee 0.00 EUR
  • Monthly Fee 500.00 EUR
  • SEPA Outgoing 0.00 EUR
  • SEPA Incoming 0.00 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 Nexpay Account

Opening Corporate EURO Wallet
1.
Provide your details online
2.
Upload your proof of identity
3.
Upload your corporate documents
4.
Account is ready to use in up to 2 business days
Globitex offers three different account types: Level 1, Level 2 and Corporate EURO Wallet.
Level 1 account is limited to operations with cryptocurrencies only (namely, to deposit, trade and withdraw cryptocurrencies). A customer will need to confirm her/his e-mail, phone number and set up the 2-Step Verification.
Level 2 account also allows to deposit and withdraw fiat currencies, but within certain limits. In order to upgrade to Level 2 account a customer will have to submit requested corporate documents.
Corporate EURO Wallet allows to manage EUR payment operations from the Globitex cryptocurrency exchange platform.


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.