Two popular platforms that solve the freelancer invoicing problem are GloPay and Xolo Go. Both operate on a similar backend framework—producing professional B2B invoices for professional services. However, the way they handle your money, manage currencies, and charge fees are quite different.
If you are trying to decide which platform deserves a spot in your business toolkit, here is a direct breakdown to help you choose the right partner.
1. Keeping More of Your Hard-Earned Cash: GloPay is Cheaper
When you work for yourself, every percentage point matters to your bottom line.
Xolo Go operates on a flat, pay-as-you-go fee structure, but it comes with a steep price tag: a 5.9% total fee on your outgoing payouts. If you invoice an enterprise client for $5,000, Xolo Go takes nearly $300 right off the top.
GloPay offers a significantly more competitive pricing model with a flat 5% revenue share on paid invoices. To make the transition even smoother for new users, GloPay offers 0% commission for your first month on the platform.
If reducing overhead is your primary goal, GloPay is the clear economic winner.
2. Strategic Financial Control: Defer Payouts & Hold Multiple Currencies
One of the hidden frustrations of traditional invoicing intermediaries is the forced immediate pass-through model.
With Xolo Go, once a client clears an invoice, the system automatically triggers an immediate payout directly to your personal EUR bank account. If a US client pays you in USD but your personal account is set up to receive Euros, you are hit with an immediate, forced currency conversion—regardless of whether the market exchange rates are terrible that day.
The GloPay Advantage: GloPay supports full balance holding with absolutely no forced immediate payouts. When a client pays an invoice, the money settles safely inside your GloPay account in the currency as your invoice was created with.
This gives you the unique ability to hold multiple major currency balances (including USD, EUR, GBP, and SGD, with more being added) and defer your payouts indefinitely. This timing flexibility allows you to:
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Wait to withdraw until foreign exchange rates swing in your favor.
- Withdraw to your foreign currency bank accounts without any currency conversion. GloPay supports IBAN, SEPA, Swift, ACH, Fedwire and Revolut Revtag routing.
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Defer income payouts to a later date.
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Avoid paying repeated international transfer fees by pooling your earnings before moving them.
3. Smarter Bookkeeping: Income Report Formats
Because GloPay allows you to hold your balances and defer your withdrawals, tax compliance requires smart tracking. Different tax authorities want to see revenue at different times—some track it the moment a client pays, while others only care when the cash hits your local personal bank account.
While Xolo Go provides standard download history based on their automatic withdrawals, GloPay features customizable income reports with two distinct options:
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Revenue Distribution Method: Tracks your income based on the exact date funds were successfully received and allocated to your GloPay balances.
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Payout Method: Tracks income based on the exact date funds were officially moved out of GloPay and into your linked personal bank.
You get to choose the precise reporting style you and your accountant need to make tax season completely stress-free. Additionally GloPay allows you to create the report for any period of time – this is really useful for those who live and work in multiple countries during one calendar year.
GloPay vs. Xolo Go: A Quick Summary
Here is how the two platforms compare across key features:
GloPay Key Features:
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Pricing: 5% flat fee (with 0% commission for your first month).
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Payout Mechanics: The Balance Model. You can hold balances and defer payouts as long as you want.
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Supported Balances: True multi-currency support (USD, EUR, GBP, SGD, and more coming soon).
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Tax & Income Reporting: Highly flexible. Choose between the Revenue Distribution method or the Payout method for any period of time.
- Flexible bank account connections: GloPay supports SEPA, IBAN, Swift, ACH, Fedwire and Revolut Revtag routing.
Xolo Go Key Features:
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Pricing: 5.9% flat fee taken on outgoing payouts.
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Payout Mechanics: The Auto-Payout Model. Forced immediate pass-through straight to your bank.
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Supported payout currencies and bank accounts: IBAN bank accounts in EUR currency only.
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Tax & Income Reporting: Standard, non-customizable automated withdrawal history.
Information source: Xolo Go website
The Verdict: How to Choose?
Choose Xolo Go if you exclusively deal with Euro-based clients, want your funds automatically routed to your bank immediately without any manual management, and don’t mind paying a higher premium for a hands-off withdrawal pipeline.
Choose GloPay if you want to keep your overhead low, work with international clients across USD, GBP, or SGD, and want the freedom to hold your earnings and defer your payouts until the timing is perfect for your business. With its flexible accounting reports and cheaper rates, GloPay gives modern independent professionals the agility they actually need to scale.
Ready to upgrade your invoicing experience? Sign up for GloPay today and manage your international business on your own terms.