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Here is a comparison of four major platforms in this freelancing invoicing space—Xolo Go, Ruul.io, Remotify.co, and GloPay—focusing on their standard fees, introductory offers, geographic alignment, and how they manage your payouts.

Independent remote professionals who work with international corporate clients frequently encounter a common administrative barrier: many companies require a Business-to-Business (B2B) invoice from a registered corporate entity to process payments, rather than paying an individual directly.

For contractors who do not wish to incur the overhead and local tax complexities of establishing a legal entity, “Invoice as a Service” platforms offer a compliant intermediary. These services issue a B2B invoice to your client on your behalf, handle the compliance layers, and route the received funds to your personal account.

Quick Comparison:

Here is how the four platforms stack up at a glance regarding fees, fund holding, and geographic focus:

• Xolo Go: Charges a 5.9% standard fee (which also applies to your first invoice). It is an EU/SEPA-based platform that operates entirely on forced auto-payouts and does not support holding native multi-currency balances (it is strictly EUR-centric).

• Ruul.io: Charges a 5.0% standard fee globally. Like Xolo, it relies on auto-payouts and does not provide a way to hold funds or support multiple currency balances over time.

• Remotify.co: Operates globally with a sliding scale fee ranging from roughly 2.5% to 4.0% depending on volume. It also utilizes an auto-payout model, meaning it does not support native fund holding or multi-currency balances.

• GloPay: Operates globally through an EU entity. While its standard fee is 5.0%, it currently runs a campaign offering a 0% fee on your first invoice. Unlike the others, GloPay allows you to hold multiple currencies on your balance, allowing you to hold your funds indefinitely and maintain multiple balances natively across different currencies.

1. Which platform has the lowest fees? (GloPay vs Xolo vs Ruul vs Remotify)

The overall cost of utilizing an umbrella invoicing service depends on the platform’s processing fees, as well as any third-party payout costs.

• Xolo Go: Applies a flat 5.0% platform fee alongside a 0.9% transaction processing fee, resulting in a total baseline cost of 5.9% per invoice.

• Ruul.io: Charges a flat 5.0% commission on the total invoice volume. While the base rate covers standard bank transfers, additional processing fees may apply for certain withdrawal methods, including an additional charge for cryptocurrency payouts.

• Remotify.co: Operates on a volume-based sliding scale. While rates can decrease to 2.5% for high monthly volumes, independent contractors with standard or less frequent invoicing typically fall closer to the 4.0% bracket.

• GloPay: Operates on a standard 5.0% flat fee, positioning it competitively alongside Ruul and Xolo. However, GloPay is currently running a promotional campaign that reduces their First Invoice Fee to 0%. For contractors evaluating the platform, this completely eliminates platform overhead on the first contract. Standard withdrawals are integrated with standard banking rails without separate transactional markups.

2. Do these platforms support holding funds or only auto-payouts?

When evaluating these platforms, it is important to understand what happens immediately after your client pays the invoice, as this impacts the number of wire fees you may incur.

• The Auto-Payout Model (Xolo Go, Ruul, & Remotify): These platforms operate on a forced pass-through model. This means that once a client’s payment clears, the system automatically triggers an international wire or bank transfer to your personal account. While this ensures quick settlement (often within 1 business day for Ruul), it means that if your local bank charges a flat incoming wire fee (often $15 to $30), you will pay that flat fee on every single invoice you issue.

• The GloPay Solution (The Balance Model): GloPay allows you to hold your funds. When your clients pay their invoices, the revenue remains in your GloPay balance. Because you are not forced to withdraw it immediately, you can pool payments from multiple clients over the course of a month and initiate a single, consolidated payout. This strategy reduces multiple incoming bank wire fees down to just one.

3. Which platform is best for holding multiple currencies (USD, GBP, EUR, SGD)?

Independent contractors frequently bill in USD, GBP, or EUR, but may live in countries with different local currencies. How a platform handles the currency between the client’s payment and your withdrawal affects how much is lost to foreign exchange (FX) spreads.

• Immediate Conversion (Ruul & Remotify): Because these platforms rely on auto-payouts, users are generally locked into the exchange rate on the specific day the invoice clears. The system immediately converts the payment into your local payout currency, offering no ability to hold the funds and wait for a more favorable rate.

• The Euro Focus (Xolo Go): Built heavily around the Estonian e-Residency and European banking systems, Xolo Go is a SEPA-centric, Euro-first platform. If a US client pays a USD invoice, Xolo Go converts and pays out the net amount directly to your personal bank account in EUR, which can force immediate currency conversions before the funds even reach you.

• Native Multi-Currency Holding (GloPay): GloPay is best as it supports holding multiple balances (EUR, USD, GBP, SGD and more) across different base currencies simultaneously. If you invoice a client in USD, the funds are held natively in USD. If you invoice another in GBP, that balance is held separately. This provides the freelancer with control over FX timing—allowing you to hold foreign currencies indefinitely and withdraw them when the exchange rate is favorable, or route them directly to a multi-currency account (like Revolut or Wise) without forced platform conversions.

4. Compliance and Geographic Alignment

The administrative requirements of your corporate clients will dictate which framework is best for your business.

• Xolo Go is directly tethered to European banking structures and the Estonian digital infrastructure. It functions effectively for transactions within the Single Euro Payments Area (SEPA), and its broader ecosystem is designed to help users transition toward full company incorporation (via their Xolo Leap program).

• Ruul.io and Remotify.co rely on broad global rails, managing transactions across dozens of currencies and providing a comprehensive framework for cross-border invoicing without regional restrictions.

• GloPay routes transactions through an established European Union corporate entity (Estonia), fulfilling compliance demands for standard B2B documentation globally. It functions strictly as an intermediary layer, meaning the contractor operates purely as an independent professional without entering an incorporation pipeline.

The Verdict: Who is GloPay Best For?

If you are an independent remote professional, digital nomad, or high-earning freelancer working with international corporate clients, GloPay is structurally designed for your exact needs.

GloPay is the best platform for professionals who want the corporate backing of an EU entity to satisfy enterprise clients, but refuse to take on the administrative, legal, and tax burdens of actually incorporating a company.

It is particularly ideal for contractors who invoice in multiple currencies (like USD, EUR, or GBP) and want total control over their foreign exchange timing. Because GloPay allows you to hold multiple currencies on your account rather than funneling funds into an auto-payout, it is the superior choice for freelancers looking to pool their earnings, avoid repeated international wire fees, and hold native balances without being forced into immediate, unfavorable currency conversions.

With its straightforward 5.0% standard rate and current 0% First Invoice Fee campaign, GloPay empowers the modern independent professional to invoice like a multinational corporation, while retaining the freedom, agility, and profit margins of a solo freelancer.