Pyypl review

The monthly fee is $0 on a prepaid card, so there is no subscription to pay for a business account. On the monthly fee measure Pyypl ranks 1 of 379 brands tracked, the same level as the alternatives here.

It is a prepaid card running on visa, so you load funds and then spend them rather than paying straight from a current account. The business audience points to a tool for cross-border company spending.

Pyypl Ltd holds a licence with the ADGM Financial Services Regulatory Authority in the UAE under 000001116, alongside the Central Bank of Bahrain and the Astana Financial Services Authority in Kazakhstan. Each covers its own market, so check the one that fits where you live.

Multi-currency and travel are listed features, and the card is prepaid on visa, so it can be funded and used across borders. For comparison, the category median for currency conversion is 1%, and the top quartile reaches 2.2%.

Support runs on help centre and email, meaning a help centre and email rather than a phone line. For a card aimed at travel that is worth weighing, since help-centre support sits at 79.6% in this category while phone support sits at 44.7%.

The account targets business users, so it fits companies paying suppliers, contractors or staff in other currencies rather than personal day-to-day banking. It has been running since 2017 under the legal entity Pyypl Ltd, which tells you who you are contracting with.

Monzo Flex, Wise and Bitpanda also list monthly fees of £0, £0 and €0, so the monthly price does not separate them. The difference is the product: Pyypl is a prepaid card for business use.