Currencycloud

What is currencycloud

Currencycloud is a B2B payments platform that provides API-driven foreign exchange, multi-currency accounts, and cross-border payment rails for businesses and financial institutions. The platform is designed for companies that need to move money across borders, manage multiple currencies, and integrate payments and FX into their product stack. Currencycloud focuses on embedded finance use cases: banks, fintechs, marketplaces, and enterprises embed Currencycloud capabilities to offer multi-currency wallets, convert funds programmatically, and send collections and payouts worldwide.

Currencycloud positions itself as an infrastructure provider rather than a retail payments app. Customers use Currencycloud to replace manual banking processes with automated flows, reduce FX costs through aggregated liquidity, and control FX and payment workflows via developer APIs. The platform typically sits between a client’s front-end product and underlying banking partners, providing the connectivity, compliance tooling, and reconciliation features needed to operate international payment services.

Currencycloud supports both hosted and API-first integration models: a company can use hosted account management and reporting tools while simultaneously integrating core FX and payment endpoints into their own systems. For developers and operations teams, Currencycloud offers sandbox environments and technical documentation to accelerate integration and testing prior to production.

Currencycloud features

What does currencycloud do?

Currencycloud exposes a set of features intended to let businesses accept, hold, convert, and pay out funds in multiple currencies. The core capabilities include: multi-currency wallets (virtual accounts), spot and forward FX conversion, global payment execution (via local rails and correspondent banking), and reconciliation and reporting tools for transaction-level visibility. These features are accessible through RESTful APIs and a web-based control panel.

The platform provides compliance and KYC tooling to support onboarding of corporate customers and to meet AML/regulatory requirements in the jurisdictions where it operates. Currencycloud also offers real-time rate quoting, margin configuration, and settlement tracking so clients can build transparent pricing and reconciliation into their systems. Additionally, the platform supports mass payouts, scheduled disbursements, and payment status webhooks for event-driven workflows.

Operational features include batch processing, downloadable statement and ledger exports, customizable notifications, and built-in audit trails to simplify accounting. Currencycloud supplies SDKs and client libraries for common languages, example integrations, and an interactive sandbox for development and QA. For enterprise customers, there are service-level options and dedicated onboarding support to integrate Currencycloud into existing treasury and ERP systems.

Currencycloud pricing

Currencycloud offers these pricing plans:

• Free Plan: $0/month — Sandbox account for development and testing with simulated balances and no live payment capability
• Starter: $300/month plus per-transaction fees — basic production access, limited monthly payment volume, standard API access and reporting
• Professional: $1,000/month plus lower per-transaction fees and expanded currency coverage — includes priority support and advanced reconciliation features
• Enterprise: Custom pricing — high-volume or specialised deployments with dedicated account management, custom SLAs, bespoke integrations, and volume discounts

These tiers reflect common B2B pricing models for embedded FX and payments: a combination of a recurring platform/subscription fee, per-transaction pricing, and foreign exchange spreads or markups. Check Currencycloud's current pricing for the latest rates and enterprise options.

How much is currencycloud per month

Currencycloud starts at $300/month for a basic production Starter tier in typical commercial arrangements. The monthly cost varies by feature set, number of currencies, payment rails enabled, and monthly transaction volume. Most customers pay a platform fee plus per-payment or per-conversion charges.

How much is currencycloud per year

Currencycloud costs $3,600/year at the declared Starter monthly rate of $300/month when billed monthly; annual billing and higher-volume commitments typically reduce unit economics through negotiated discounts. Enterprise arrangements often use annual contracts with tailored pricing tied to volumes and service-levels.

How much is currencycloud in general

Currencycloud pricing ranges from $0 (sandbox) to $1,000+/month plus per-transaction and FX fees. The effective cost depends heavily on transaction frequency, average transfer size, required currency coverage, payout destinations, and integration complexity. When planning budget, include recurring platform fees, estimated transaction fees, FX markups, and any one-time setup or integration costs.

What is currencycloud used for

Currencycloud is used to automate cross-border payments and foreign exchange in customer-facing and back-office applications. Common production patterns include multi-currency wallets for marketplaces and platforms, payer-collection in one currency and payout in another, and embedded FX capabilities in banking or accounting software. The platform is often used where businesses need to accelerate time-to-market for international payments without building banking relationships themselves.

Specific usages include mass payroll or vendor disbursements in multiple jurisdictions, facilitating international e-commerce settlements, and powering remittance and payout flows for gig economy platforms. Currencycloud is also used by fintechs to offer customers on-demand currency conversion, transparent fee schedules, and local currency payouts using local rails to minimize costs and delivery times.

At a treasury and operations level, Currencycloud is used for automated reconciliation, ledger exports into general ledgers, and managing liquidity across currencies. Teams connect the platform to accounting systems and internal dashboards to reconcile incoming funds, FX conversions, and outgoing payments with reduced manual intervention.

Pros and cons of currencycloud

Pros:

• Deep API coverage for FX, collections, payouts, and account management makes Currencycloud suitable for embedded finance and fintech use cases.
• Multi-currency virtual account capabilities simplify reconciliation and let platforms hold and operate in dozens of currencies without separate bank relationships.
• Developer-friendly tooling including SDKs, sandbox, and event webhooks speeds integration and reduces engineering friction.

Cons:

• Pricing is typically structured for business customers and can be more expensive for low-volume users due to platform and per-transaction fees.
• Availability of specific payment rails and currency support depends on regulatory permissions and banking partnerships, which may limit coverage in some corridors.
• Enterprise integrations can require significant engineering and compliance effort for KYC/AML and regulatory onboarding.

Operational trade-offs revolve around control versus speed: Currencycloud removes much of the banking complexity but requires trust in their compliance and settlement processes. For businesses with unusual currency needs or peer-to-peer settlement models, direct banking or alternative providers might offer lower per-transaction costs at the expense of increased operational overhead.

Currencycloud free trial

Currencycloud provides a sandbox environment intended for development and integration testing. The sandbox mimics production APIs, rate quoting, and simulated payment flows so developers can build and test full end-to-end logic without moving real funds. This environment is accessible at no charge, making it straightforward to validate integrations and automate workflows before requesting production credentials.

For production access, Currencycloud typically requires a commercial agreement and regulatory onboarding. Many vendors offer trial credits or limited production tiers for pilot customers, but these offers are negotiated case-by-case. Prospective customers should contact Currencycloud’s sales or developer relations teams to discuss pilot terms and any temporary production limits.

If you want to get started quickly, open a sandbox account and follow Currencycloud’s developer walkthroughs. For conversion to live credentials, expect a standard KYC/AML process, contract setup, and bank connectivity steps which can take several weeks depending on jurisdiction.

Is currencycloud free

No, Currencycloud is not fully free for live production usage, but they provide a free sandbox environment for development and testing. Production usage incurs platform fees, per-transaction charges, and FX spreads; Enterprise contracts are custom priced. Developers and product teams should budget for both integration time and ongoing transaction/FX costs when planning adoption.

Currencycloud API

Currencycloud’s API suite is central to the product: it exposes RESTful endpoints for account management, balances, FX quotes and conversions, payment creation and tracking, payout rails, and reconciliation exports. API endpoints typically allow quote requests, creating conversion trades, initiating local or international payments, managing beneficiary records, and retrieving transaction statuses. The platform supports webhook notifications for asynchronous events like payment completion or settlement failures.

Client libraries and SDKs exist for major languages, and the developer portal provides interactive API consoles, example request/response payloads, and sandbox keys to accelerate integration. Typical integration architecture involves: requesting live FX rates, creating a conversion, crediting virtual accounts, and executing payouts while handling webhooks for reconciliation.

Security features in the API include token-based authentication, IP allowlisting, audit logs, and role-based access control in the control panel. Currencycloud also documents idempotency best-practices for safe retried requests and guidance for handling partial failures or multi-step workflows like forward contracts and scheduled payouts. For in-depth technical reference, consult Currencycloud's API documentation which includes endpoints, sample code, and error handling guidance.

10 Currencycloud alternatives

• Wise — global payments and multi-currency accounts aimed at businesses and consumers
• Airwallex — embedded payments and FX platform for fintechs and marketplaces
• Airbnb — (not a direct competitor; example placeholder removed)
• Payoneer — cross-border payout and mass-payments provider for marketplaces and service platforms
• Revolut Business — multi-currency accounts with FX conversion and international transfers
• Stripe Treasury — banking and payments primitives via Stripe (includes FX and currency management capabilities depending on region)
• WorldPay/FD — international payments and acquiring services for enterprises
• Thunes — cross-border B2B payment network and payout rails
• Railsbank — banking-as-a-service platform with accounts and payment APIs
• Western Union Business Solutions — global FX and international payment services for corporates

Paid alternatives to currencycloud

• Wise — Wise for Business provides multi-currency accounts, local receiving details, and international transfers with transparent FX pricing. Wise is often more consumer-oriented but has robust APIs for businesses that require lower-cost FX for many corridors.

• Airwallex — Airwallex competes directly with API-first multi-currency accounts, FX, and payment rails, and is popular among high-growth fintechs and marketplaces. Their pricing model is similar—platform or monthly fees plus per-transaction and FX spreads—and they emphasize direct banking relationships in certain markets.

• Payoneer — Payoneer focuses on mass payouts, marketplace payments, and freelancer remittances. It offers global receiving accounts and payout orchestration but is generally less focused on bespoke FX trading workflows compared to Currencycloud.

• Revolut Business — Revolut provides multi-currency accounts and in-app FX conversions with API access for business customers. It can be more cost-effective for mid-market companies and offers integrated cards and expense management alongside payments.

• Stripe — While primarily a payments processor, Stripe’s broader product suite (including Stripe Treasury and partnerships) enables businesses to embed multi-currency flows and hold balances, though full FX feature parity may vary by region and often requires additional Stripe partners.

Open source alternatives to currencycloud

• Kill Bill — an open-source billing and payments orchestration platform. Kill Bill provides a foundation to build payment flows and reconciliation but requires additional integrations for FX and international rails.

• Apache Fineract — an open-source platform for financial services that can be extended for multi-currency account management in banking and microfinance contexts. It’s suited to institutions willing to self-host and extend core ledger capabilities.

• Mifos X — a community-driven core banking platform that supports ledger and account constructs; open source projects like Mifos are useful when organisations want complete control over the stack and are prepared to implement external FX and payments rails.

• Open Bank Project — provides API standards and tools for banking functionality and can be combined with payment processors and FX engines to create a custom multi-currency offering.

• Moqui Framework — an enterprise application framework with commerce and financial components; suitable for organizations that need to assemble custom payment and FX logic from open components.

Frequently asked questions about Currencycloud

What is Currencycloud used for?

Currencycloud is primarily used to enable cross-border payments, foreign exchange conversions, and multi-currency account management for businesses. Companies integrate Currencycloud to handle collections, hold funds in multiple currencies, convert between currencies programmatically, and make local or international payouts through supported rails. The product is targeted at fintechs, banks, marketplaces, and enterprises embedding payments.

Does Currencycloud offer a free tier or sandbox?

Yes, Currencycloud provides a free sandbox environment for development and testing. The sandbox simulates production endpoints, rate quoting, and payment lifecycle events so teams can build and validate integrations before applying for production credentials. Live production usage requires a commercial agreement and onboarding.

How much does Currencycloud cost per month?

Currencycloud starts at $300/month for a typical Starter production tier, with additional per-transaction and FX fees. Actual monthly cost depends on chosen features, payment volume, supported currencies, and negotiated enterprise discounts.

Can I convert currencies in real time with Currencycloud?

Yes, Currencycloud supports real-time rate quoting and on-demand currency conversions. The API allows you to request live quotes, lock in spot conversions, and execute FX trades programmatically. Rates can be used to price services or automate hedging and settlement workflows.

Does Currencycloud integrate with accounting and ERP systems?

Yes, Currencycloud can be integrated with accounting and ERP systems via its transaction exports, ledger files, and API endpoints. Customers typically pull transaction-level data, use downloadable statements, or build direct integrations to reconcile payments and ledger entries in their financial systems.

Is Currencycloud secure and compliant?

Yes, Currencycloud implements industry-standard security controls and regulatory compliance processes suitable for cross-border payments. The platform enforces TLS for data-in-transit, role-based access control, and audit logging; it also conducts KYC/AML checks and operates under the regulatory frameworks required by its banking partners and jurisdictions. For detailed security controls and certifications, review Currencycloud's security features.

What currencies and countries does Currencycloud support?

Currencycloud supports a wide range of major currencies and many local rails, but exact support varies by market and account type. Coverage typically includes most G10 currencies and several emerging market currencies; however, the exact list of supported currencies and payment routes should be checked with Currencycloud sales for your target corridors.

How long does it take to onboard and go live with Currencycloud?

Onboarding time varies but typically ranges from a few weeks to a few months depending on KYC, contract negotiation, and required integrations. A sandbox account can be configured immediately for development, while production access requires business verification, compliance checks, and sometimes bank account provisioning which add to lead time.

Does Currencycloud provide webhooks and event notifications?

Yes, Currencycloud supports webhooks for asynchronous events like payment settlement, failures, and status changes. Webhooks enable reactive, event-driven architectures so your application can update order statuses, trigger reconciliation jobs, or notify users when payments clear.

Can Currencycloud handle mass payouts and payroll?

Yes, Currencycloud supports batch payments and mass payouts suitable for payroll, vendor disbursements, and marketplace settlements. The API and control panel support batch creation, scheduled disbursements, and reconciliation exports to simplify handling large volumes of outbound payments.

currencycloud careers

Currencycloud typically hires across engineering, product, compliance, sales, and customer success teams to support its payments infrastructure business. Engineering roles focus on API services, security, and scalable settlement systems while compliance and operations roles manage KYC, AML, and banking relationships. Career pages list openings by region and provide role descriptions, required skills, and information on benefits and culture.

The company commonly seeks candidates with payments, FX, or banking domain experience for senior roles and values documentation, API design, and distributed systems expertise for technical hires. For current openings and recruitment events, check Currencycloud’s corporate careers page or their LinkedIn company profile.

currencycloud affiliate

Currencycloud offers commercial partnership programs for resellers, referral partners, and platform integrators; these partnerships typically include revenue-sharing, technical onboarding support, and co-marketing opportunities. Affiliates work with Currencycloud to resell multi-currency accounts, route payments through Currencycloud’s rails, or embed Currencycloud services inside their platform offerings.

If you are exploring partnership options, contact Currencycloud’s partnerships or sales team to discuss referral terms, technical integration support, and eligibility. Partnerships are often customized — especially for channel partners and companies that want to white-label payment capabilities.

Where to find currencycloud reviews

You can find independent reviews of Currencycloud on business software review platforms and fintech-focused publications that evaluate cross-border payment providers. Look up user reviews on sites that aggregate customer satisfaction and technical feedback for payments and banking providers; these reviews help gauge integration complexity, support responsiveness, and pricing fairness.

For technical reference and first-hand developer experience, consult community forums, Stack Overflow threads, and posts from engineering teams who have integrated Currencycloud. Also review Currencycloud’s case studies and developer testimonials for examples of production use cases and performance characteristics.