Volopay Reviews: Pricing, Features, Pros and Cons

Volopay overview

Volopay offers innovative financial management solutions for businesses of all sizes, startups, small businesses, or enterprises. The company has quickly become a leader in the digital payment space, providing businesses with a secure and convenient way to manage their financial transactions.

Volopay’s commitment to security is one of its defining features, as the company takes several steps to ensure the safety of its users’ data and funds. This includes using advanced encryption technology, regularly monitoring transactions for suspicious activity, and providing 24/7 support to its customers.

What is Volopay?

Volopay offers a range of products and services designed to streamline the financial management process for businesses. Its primary product is a digital payment platform allowing businesses to send and receive payments, track expenses, and manage their cash flow from a user-friendly interface. The platform integrates with various popular accounting and banking tools, making it easy for businesses to keep their financial data up-to-date and organized.

In addition to its payment platform, Volopay offers a business debit card that can be used for purchases and cash withdrawals, giving businesses a convenient way to access their funds and make payments on the go. The card is linked directly to the company’s digital payment platform, allowing businesses to track their spending and manage their finances in real time.

Also, Read: RazorpayX Reviews and Pricing

Volopay reviews

Volopay users talk about the product both positively and constructively. Volopay features and functionality is at the center of such conversations. These features include:

1. Credit line and debit card

Volopay’s credit line and debit card are designed to help businesses manage their expenses more efficiently and provide complete control and visibility over their spending.

Reviewers have mixed opinions about credit and debit card features. Some have found them beneficial, while others have faced specific issues. Based on a review on G2, users have faced some difficulties in paying through Volopay’s cards. On the other hand, some users have loved the access to virtual credit cards to make payments. 

Learn more about what users say about Volopay’s expense management in their reviews.

Pros and Cons of Volopay credit and debit cards

Pros	Cons
Easy to expense using virtual cards	Card denials by payment portals (G2)
Good for handling high volume of forex payments	Confusing visibility (Software Advice)
Cash rebate on Volopay virtual card	Debit card doesn’t support USD (GetApp)

2. Expense management

Volopay’s expense management helps businesses track expenses, generate reports, and manage budgets. It automates many of your financial processes, reducing the time and resources required to handle expenses manually. It also provides greater visibility into spending patterns and helps identify areas where costs can be reduced or eliminated.

Learn more about what users say about Volopay’s expense management in their reviews.

Pros and Cons of Volopay expense management

Pros	Cons
Good solution for managing fuel expense	Lack of knowledge base to support expense management on Android/iOS application (G2)
Reliable expense tracking	Expense tab’s UI can improve (G2)
Ease of auditing and logging expenses	System hangs some times (G2)

Suggested Read: What is Expense Management?

3. Accounts payables

Volopay’s accounts payable tool helps businesses manage the money it owes to its suppliers or vendors for goods or services that have been received but not yet paid for.

At Volopay,  accounts payable is one of the core product features.  It helps businesses manage their accounts payable effectively to avoid cash flow problems and prevent damaged relationships with suppliers or potential legal issues.

Learn more about what users say about Volopay’s accounts payables in their reviews.

Pros and cons of Volopay’s accounts payables feature

Pros	Cons
Easy to make payments with set limits	System sometimes hangs while uploading receipts (G2)
Effective payment tracking	Ability to approve items in bulk needs improvement (G2)
Faster payment processing	Needs a daily, or weekly summary of expense claims (G2)

Future Read: 10 Best Accounts Payable Software

4. Accounting automation

Volopay platform’s accounting automation uses technology to streamline and automate accounting processes. This includes automating tasks such as data entry, invoicing, and financial reporting, which can help reduce the workload of accounting professionals and improve the accuracy and efficiency of financial management.

With automation, Volopay helps businesses achieve: 

• Improved accuracy
• Increased efficiency
• Cost savings
• Better financial visibility
• Increased compliance

Learn more about what users say about Volopay’s accounting automation in their reviews.

Pros and Cons of Volopay accounting automation

Pros	Cons
Enhances ease of making claims	Approval system can improve (G2)
More efficient accounting	Tutorial to leverage automation would help
Auto-sync to accounting software	Some users had to manually top up credit card limit

Quick Read: Expense Management Automation Process

5. Multi-currency payment

Multi-currency payments refer to the ability to process payments in different currencies. Volopay’s multi-currency payments enable businesses to receive and make payments in the customer’s or supplier’s currency without needing manual conversion.

There are several reasons why Volopay’s multi-currency payment is beneficial for users. It helps businesses deliver an improved customer experience, process payments with reduced currency risks, build better supplier relationships and increase market reach.

Learn more about what users say about Volopay’s multi-currency payments in their reviews.

Pros and Cons of Volopay multi-currency payments

Pros	Cons
Cashback for foreign currency spend	Lack of support for multi-currency to save exchange rates when there’s a refund (G2)
Can easily manage a high volume of forex payments	Issues in changing currency on Ledger set up (G2)
Instantaneous payments	Exchange rates can be lower (G2)

6. Integrations

Volopay’s integrations allow businesses to connect their financial systems and tools to streamline accounting, payments, and entire finance operations. 

These integrations can connect to financial tools, including accounting software, payment gateways, and expense management tools. It allows businesses to centralize their financial operations and data in one place, making it easier to manage and analyze financial information.

Integrating payment gateways help businesses to streamline payment processes and reduce the risk of errors or fraud. Integrations are an essential part of the platform’s value proposition. 

Learn more about what users say about Volopay’s integrations in their reviews.

Pros and Cons of Volopay integrations

Pros	Cons
Easily integrates with accounting software like XERO, and Netsuite	Integrations aren’t smooth
Ability to integrate multiple business cards in one account	Some people faced issues in syncing with accounting software (G2)
Integrates with multiple gateways	Buggy integrations

Volopay pricing

Volopay follows a quotation-based pricing model. Its pricing is available on request and is based on a business’ needs and requirements. According to SaaSworthy, Volopay has three pricing structures based on an organization’s requirements: premium, all-in-one, and enterprise.

1. Premium cards

Volopay provides a business with premium physical cards per user and unlimited virtual cards. It offers a 5% cashback on every transaction the user makes. Below are some of the benefits that users get with this package. 

• Employee reimbursements
• Xero and Quickbook integration
• Auto approvals
• Access to optical character recognition OCR technology

Premium cards plan comes at a custom pricing. You can reach out to Volopay to get a quotation on it.

Suggested Read: 5 Best corporate credit cards in India

2. All-in-one

Volopay offers everything in premium cards and adds money transfers to domestic and international geographies in its all-in-one plan. Moreover, the company charges zero fees on domestic and international payment transfers. 

Below are some other benefits of the all–in–one plan.

• Multi-currency wallets
• Custom workflows
• Custom approval policies
• Enforceable budgets

All-in-one plan is available at a custom pricing. You can reach out to convey your need and get a quote from Volopay’s sales team.

Did you know? Volopay charges ~1.6% for cross-border payments when you spend in a non-SGD currency in a different country. The brand also charges ~3.1% on cross-currency payments when you spend in a non-SGD currency in Singapore.

3. Enterprise

The enterprise plan consists of all features in the all-in-one and premium cards plan. In addition, it provides additional bookkeeping services. Volopay offers custom integration with HR tech and other software, including Netsuite integration. 

You can get custom-designed cards if you go with the enterprise plan. Its pricing is available on request, and you can contact Volopay’s team for a quote. 

Top 5 Volopay alternatives

A glance at top Volopay alternatives

Name	Pricing	Rewards	Credit Limit	Merchant locking	24/7 customer support	Overall rating out of 5
EPIC by Happay	Joining fee- ₹0 Card fee- ₹0 Annual fee- ₹0	Direct Cashback	High/scalable	Yes	Yes	5
Karbon card	Joining fee applicable (contact for info)	Credits/ Cashback	High	Yes	No	4
Enkash corporate card	Set-up fees applicable (contact team for info)	Credits/ Discounts	Dynamic	Yes	No	3
HDFC Corporate Credit Card	Annual and renewal fee- varies depending on offer to offer	Reward points for miles	Determined by bank	No	Yes	3
RazorpayX	Registration and maintenance fee applicable	Reward for spending	High/ Scalable	No	Yes	4

Take a deep dive into exploring Volopay alternatives and find the software solution that perfectly suits your organization.

Why Happay EPIC Card is the best alternative to Volopay?

Happay EPIC card is a corporate credit card that serves as a versatile and comprehensive payment solution, empowering businesses to streamline their expense management processes. It offers a customizable and integrated payment tool that combines purchase, travel and entertainment, and supplier cards in one platform.

Below are some of the notable features of the Happay EPIC Card.

• The spend management technology powered by AI offers comprehensive control over your expenses.
• Gain macro and micro visibility into your spending with the intelligent dashboard.
• Enjoy the convenience of on-the-go accessibility with mobile apps available for Android and iOS devices.
• Take advantage of credit period, which can extend up to 45 days.
• Trust in security measures, which include ISO 27001 certification, PCI DSS compliance, and 256-bit SSL encryption.
• Benefit from dedicated physical cards as well as unlimited virtual cards.
• Protect yourself while shopping online with single-use burner cards.
• Lock down specific merchants with virtual cards enabled with merchant locking.
• Make informed decisions with advanced spend analytics and custom reports.
• Get real-time support from the customer service team, which includes advanced chatbot features.
• Exercise more significant control over your cards with a toggle on-off feature for locking and unlocking.
• Allocate and track your budget effectively with our preset card limits.
• Personalize your cards with name embossing to suit your preferences.
• Seamlessly integrate our technology with third-party platforms, such as Quickbooks, Tally, SAP, Oracle, Microsoft Dynamics NAV, and iON.

Happay EPIC card vs. Volopay corporate card

• Comparing the Happay EPIC card to Volopay, both are excellent financial management platforms for businesses. Still, the Happay EPIC card offers a more premium corporate credit card tailored to larger businesses.

• It provides additional benefits such as no joining, annual or card fee, no deposit or collateral needed, zero forex markup that increases savings, merchant locking that allows higher control over employee spending, and mobile-first accessibility.

• On the contrary, Volopay charges ~1.6% for cross-border payments when you spend in a non-SGD currency in a different country. The brand also charges ~3.1% on cross-currency payments when you spend in a non-SGD currency in Singapore.

• Happay EPIC card also offers a range of powerful features like merchant locking, central credit card control, and two-factor authentication that guarantee maximum security and control.

• Additionally, the Happay EPIC card provides seamless business payments, accounting integrations, robust budget tracking, third-party ERP integrations, advanced spend analytics, and intelligent dashboards.

Conclusion

The Happay EPIC card is an excellent alternative to Volopay, especially for larger businesses that require a more comprehensive and flexible expense management solution. 

It offers a range of powerful features and benefits that can help businesses automate their financial operations, reduce costs, and increase transparency and control.

FAQ’s