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  5. Mollie vs TransferWise

Mollie vs TransferWise

OverviewComparisonAlternatives

Overview

Mollie
Mollie
Stacks62
Followers106
Votes0
TransferWise
TransferWise
Stacks20
Followers40
Votes9

Mollie vs TransferWise: What are the differences?

Introduction: Mollie and TransferWise are both financial service providers that offer solutions for businesses and individuals to manage their transactions and handle international payments. However, there are key differences that set them apart from each other.

1. Integration Options: Mollie provides a wide range of integration options for businesses, including API, plugins for popular e-commerce platforms, and customizable checkout solutions. On the other hand, TransferWise primarily focuses on its online platform, making it easy for individuals to send and receive money internationally.

2. Transaction Fees: Mollie charges a transaction fee for each payment processed through its platform, which varies based on the payment method and currency. In contrast, TransferWise offers transparent and competitive exchange rates with a low upfront fee, making it cost-effective for international money transfers.

3. Supported Currencies: Mollie supports a wide range of currencies for international payments, allowing businesses to accept payments from customers worldwide. TransferWise, on the other hand, supports fewer currencies but offers mid-market exchange rates for currency conversion.

4. Target Audience: Mollie caters to businesses of all sizes, providing solutions for startups, SMBs, and enterprise-level companies to manage their payment processes. In comparison, TransferWise is more focused on individual users who need to send money internationally or manage personal finances.

5. Payment Options: Mollie offers a variety of payment options, including credit/debit cards, bank transfers, and popular payment methods like PayPal and Apple Pay. TransferWise primarily focuses on bank transfers and provides a multi-currency account for individuals to hold and manage funds in different currencies.

6. Speed of Transactions: Mollie's payment processing speeds can vary depending on the payment method used and the bank processing times, which may result in longer transaction times. TransferWise, on the other hand, offers quick and efficient international money transfers, with most transactions completing within a few days.

Summary: In summary, Mollie is a comprehensive payment processing solution with diverse integration options and support for a wide range of currencies, while TransferWise is more focused on providing cost-effective international money transfers for individuals through its online platform.

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Detailed Comparison

Mollie
Mollie
TransferWise
TransferWise

Helps businesses of all sizes to sell and build more efficiently with a solid but easy-to-use payment solution.

It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.

Localized payments; Multicurrency; Fraud monitoring; One-click payments; Recurring payments; Dynamic 3D secure; PCI-DSS level 1 certified; Mobile friendly
Invite friends to TransferWise; Send us verification documents; Set up Amount Lock transfers on available currency routes; Set up new transfers with previously used details and recipients; Pay via Apple Pay (iOS) and Google Pay (Android); Set up app-based 2-step login.
Statistics
Stacks
62
Stacks
20
Followers
106
Followers
40
Votes
0
Votes
9
Pros & Cons
No community feedback yet
Pros
  • 4
    Best exchange rates
  • 3
    Fast
  • 2
    API Support
Integrations
1&1
1&1
PrestaShop
PrestaShop
Magento
Magento
Shopify
Shopify
WooCommerce
WooCommerce
Zapier
Zapier
Talkable
Talkable
Solidus
Solidus
Shopify
Shopify
Chargebee
Chargebee
Elevio
Elevio
Pendo
Pendo

What are some alternatives to Mollie, TransferWise?

Stripe

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

PayPal

PayPal

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

Braintree

Braintree

Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.

Recurly

Recurly

Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.

Adyen

Adyen

A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.

Payoneer

Payoneer

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

Amazon FPS

Amazon FPS

With Amazon Flexible Payments Service developers can accept payments on their website for selling goods or services, raise donations, execute recurring payments, and send payments. Amazon customers can pay using the same login credentials, shipping address and payment information they already have on file with Amazon. Amazon FPS supports the processing of payments using credit cards, bank accounts and Amazon Payments account balances to send or receive money.

Zuora

Zuora

Zuora gives you the enterprise-class, cloud-based tools you need to launch and scale any subscription service, quickly and affordably. Design your pricing and packaging, start taking quotes and placing orders, automate your billing and payments, and keep tabs on your financials.

Razorpay

Razorpay

Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.

WePay

WePay

WePay helps people sell tickets to events, send invoices, sell items online, and accept donations online. WePay also provides an API that allows developers to access its payments platform.

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