The TransferWise app design and user experience of their technology is great with simple, intuitive processes.
Registration - Fast and easy account creation
ID verification - Instant in some countries
Transfer speed - It can be instantaneous in some countries. Fast payments to TransferWise comes at an additional cost.
Minimum transfer amount - $1
Mobile app - Simple and easy to use. Probably the best designed app of the international money transfer companies.
Payment options - TransferWise has the broadest range of payment options. Local bank transfer, debit / credit card and country specific solutions such as POLi.
What Revolut does well
Sign up process - Create a new account with ease by using the Revolut app.
Payment options - Bank account transfers, debit cards and credit cards..
Apple Pay and Google Pay - Link your Revolut account to Apple Pay or Google Pay to make fast and easy payments.
Mobile app - Available for iOS and Android.
Where Revolut could improve
Website access - Customers can not use the Revolut website to access their accounts or send money. They need to use the Revolut app.
TransferWise and Revolut were created with customer experience at the heart of their design. Customer onboarding is simple, mobile app’s are intuitive wrapped in good aesthetic design.
The differences begin to show when you compare some of the features and services available.
Revolut Australia doesn't have local banking details available to them. Therefore adding funds can be somewhat cumbersome.
TransferWise offers business customers multi-user account access to allow delegation of duties. That takes a layer of admin off small business owners. TransferWise also has a well designed website for desktop use. Revolut is in-app only.