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FractionalPay

Hyperwallet alternatives

Hyperwallet alternatives for marketplaces that collect on Stripe

The best Hyperwallet alternative depends on where your customers pay. If checkout already runs on a Stripe platform account, FractionalPay splits each payment by rule between sellers, partners and your platform, records it in a double-entry ledger and pays every share through Stripe Connect, so sellers are paid from the same account the money arrived in.

Hyperwallet, which PayPal now sells as Enterprise Payouts, is a strong mass payout rail with many payout methods and countries. What it does not do is decide who earned what from each order. Teams that use it for marketplace payouts usually build that part themselves, then reconcile two systems every month.

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  • Splits run the moment a Stripe payment succeeds
  • Refunds reverse every share in proportion
  • Flat monthly plans, no per-payout fee from us

Order #58213 on your Stripe account

Split by rule v3

Gross payment

$420.00 USD

  • Seller $357.00
  • Platform $50.40
  • Affiliate $12.60
Shares add up to the order $420.00
Finance specialist reviewing a weekly seller payout run

Why teams look elsewhere

Where Hyperwallet stops for a marketplace

Hyperwallet was built to send money out. It covers more than 200 markets and lets a payee choose from up to nine payout methods, including bank account, PayPal, Venmo, prepaid card and check. For a company paying insurance claims, rebates or prize winners, that breadth is exactly the point.

A marketplace has a different problem before any money leaves. A buyer pays 420 USD, and somebody has to work out that 357 USD belongs to the seller, 50.40 USD to the platform and 12.60 USD to the affiliate who sent the buyer. Hyperwallet expects you to arrive with that number already calculated. So the split logic lives in your own code or in a spreadsheet, and the payout file goes to a second system.

Two systems mean two records of the same money. When the buyer gets a partial refund after the seller was already paid, your team has to reverse the right shares, net the difference against the next payout and keep both records in agreement. That is the work that pushes most operators to search for Hyperwallet alternatives, not the payout fees themselves.

  • Split rules with percentage, fixed and remainder lines on every order
  • Proportional refunds, including after the seller payout went out
  • One double-entry ledger from the charge to the payout
  • Daily reconciliation against your Stripe balance transactions

Ledger journal

Balanced

txn_4R7K2P ·Split of order 58213 by rule v3

  • Stripe balance (your account) Dr$420.00
  • Payable to Seller Cr$357.00
  • Platform revenue Cr$50.40
  • Payable to Affiliate Cr$12.60

TotalDr $420.00 · Cr $420.00

Hyperwallet fees and features

Hyperwallet compared with FractionalPay on Stripe

Hyperwallet fees below are the standard US transaction fees PayPal publishes on its business fees page. Enterprise programs are priced by contract, so your agreement may differ. Where Hyperwallet does a job FractionalPay does not, the table says so plainly.

  • Main job

    FractionalPay
    Splitting each incoming payment by rule, then paying the shares
    Hyperwallet (PayPal Enterprise Payouts)
    Mass payouts to many payees

  • Where the money sits

    FractionalPay
    Your own Stripe platform account
    Hyperwallet (PayPal Enterprise Payouts)
    A Hyperwallet program funded by you

  • Per-order split rules

    FractionalPay
    Yes
    Hyperwallet (PayPal Enterprise Payouts)
    No

  • Proportional refunds across shares

    FractionalPay
    Yes
    Hyperwallet (PayPal Enterprise Payouts)
    No

  • Double-entry ledger per beneficiary

    FractionalPay
    Yes
    Hyperwallet (PayPal Enterprise Payouts)
    Payout records

  • Payout methods

    FractionalPay
    The bank and card destinations your Stripe Connect accounts support
    Hyperwallet (PayPal Enterprise Payouts)
    Up to 9, including PayPal, Venmo, prepaid card and check

  • Countries

    FractionalPay
    The countries your Stripe account supports
    Hyperwallet (PayPal Enterprise Payouts)
    200+ markets

  • 1099 support

    FractionalPay
    Tax form status and yearly earnings statements on Growth
    Hyperwallet (PayPal Enterprise Payouts)
    Optional 1099 Tax Reporting add-on

  • Per-transfer fees

    Hyperwallet figures from PayPal's US business fees page

    FractionalPay
    None from us, Stripe's own payout fees apply
    Hyperwallet (PayPal Enterprise Payouts)
    0.95 USD domestic bank, 1.50 USD instant bank, 4.95 USD international bank, 0.25 USD to PayPal or Venmo, 2% or 4% FX spread

  • Platform price

    FractionalPay
    199, 499 or 1,499 USD per month, half that billed yearly
    Hyperwallet (PayPal Enterprise Payouts)
    Custom, through PayPal sales

  • Getting started

    FractionalPay
    Self-serve signup and sandbox the same day
    Hyperwallet (PayPal Enterprise Payouts)
    Sales contract, integration often quoted at 7 to 15 days

FractionalPay never holds, pools or transmits funds and is not a payment institution. Payments land in your Stripe platform account, and we calculate the shares, keep the ledger and send payout instructions to that account. Plan limits are on the pricing page.

Fee math

What 2,000 seller payouts a month cost in transfer fees

Take a US marketplace that pays 2,000 sellers once a month by domestic bank transfer. At the published Hyperwallet rate of 0.95 USD per domestic bank transfer, that is 1,900 USD a month in transfer fees alone, before any enterprise program fee. If 300 of those sellers switch to instant bank transfers at 1.50 USD, the total rises to 2,065 USD.

  • Domestic bank transfers

    Detail
    1,700 payouts at 0.95 USD
    Amount
    $1,615.00

  • Domestic instant bank transfers

    Detail
    300 payouts at 1.50 USD
    Amount
    $450.00

  • Transfer fees per month

    Detail
    Before any program fee
    Amount
    $2,065.00

On FractionalPay the same marketplace pays a flat plan price, and the payouts run through its own Stripe Connect accounts at Stripe's rates. Whether that is cheaper for you depends on your Stripe pricing and payout mix, so run your own numbers. The bigger saving usually comes from not maintaining split code and a manual reconciliation between two systems. See how payouts are scheduled on marketplace payouts.

Independent vendor packing an order in a small workshop

Honest fit

When to stay on Hyperwallet

Hyperwallet is the better choice in several real situations, and switching would make your payouts worse. Keep it when payout reach matters more than split logic.

  • Your payees expect PayPal, Venmo, prepaid cards, cash pickup or paper checks
  • You pay recipients in markets your Stripe account does not cover
  • Your payments go out for claims, rebates or prizes, not as shares of incoming orders
  • You collect checkout payments outside Stripe and cannot move them

Other options

Other Hyperwallet alternatives US platforms evaluate

FractionalPay is one answer, and it fits one shape of business. These are the other tools that usually make the shortlist, with the job each one is built for.

  • Stripe Connect on its own, when your split is a single application fee and you never need to reverse more than one share
  • Tipalti, when the real work is accounts payable with invoice approvals and supplier onboarding (see our Tipalti alternative page)
  • Trolley, when you pay many creators or rights holders and need recipient tax forms collected at scale (see our Trolley alternative page)
  • Payoneer, when your payees are international freelancers or sellers who already hold Payoneer accounts
  • Routable and similar payout tools, when you want bank-rail payouts with W-9 collection and 1099 filing in one place

Switching

Moving seller payouts off Hyperwallet in four steps

You do not have to switch everything on one day. Most teams run new orders through FractionalPay while the last Hyperwallet batch settles, then turn the old program off. Engineers can do each step through the split payment API.

  1. 01

    Connect Stripe

    Link the Stripe platform account where checkout already runs. Charges, refunds and disputes start mirroring automatically.

  2. 02

    Import sellers

    Upload a CSV of sellers with their Stripe connected account ids, or create them through the API as they onboard.

  3. 03

    Write the split rule

    Seller percentage, platform fee, affiliate share and a hold for your return window. Test it on a real order amount first.

  4. 04

    Set the payout schedule

    Daily, weekly or monthly with a minimum amount, and every payout written to the ledger next to the order it came from.

Related pages

More on marketplace payments and payouts

Questions

Frequently asked questions

Something else on your mind? Write to [email protected] or read the API documentation.

What is the best alternative to Hyperwallet?
For a marketplace that already collects payments on Stripe, the best alternative is usually Stripe Connect payouts with a split and ledger layer such as FractionalPay, because sellers are paid from the account the money arrived in. If you need PayPal, Venmo or check payouts in 200+ markets, Hyperwallet itself or Payoneer remains the stronger choice.
How much does Hyperwallet charge?
PayPal's US business fees page lists Hyperwallet transfers at 0.95 USD per domestic bank transfer, 1.50 USD per domestic instant bank transfer, 4.95 USD per international bank transfer and 0.25 USD per transfer to PayPal or Venmo, plus a 2% or 4% currency conversion spread. Enterprise program pricing is quoted by PayPal sales.
Is Hyperwallet free?
No. The payer pays per-transfer fees and any program fee agreed with PayPal, and payees can face withdrawal or conversion costs depending on the method. FractionalPay is not free either: it is a flat 199, 499 or 1,499 USD per month, with no per-payout fee added on top of Stripe's own fees.
Is Hyperwallet owned by PayPal?
Yes. PayPal acquired Hyperwallet in 2018 and now sells it under the name PayPal Enterprise Payouts. The payout platform, its methods and its fee schedule continue under that name, which is why both names appear in search results and on PayPal's own pages.
Can FractionalPay pay sellers to PayPal or Venmo?
No. FractionalPay sends payout instructions to your Stripe Connect accounts, so sellers receive money at the bank account or debit card linked to their connected account. If many of your payees insist on PayPal or Venmo, keep a payout tool for them and use FractionalPay for the split and the ledger.
Does FractionalPay replace 1099 filing?
Not fully. Growth and Scale track tax form status per beneficiary and produce yearly earnings statements your accountant can file from. Hyperwallet's 1099 add-on and dedicated tools such as Trolley file forms with the IRS for you, which matters if you pay thousands of US sellers.
How fast can we test it?
The same day. The split simulator needs no account, and after signup the sandbox runs with test keys and demo data, so you can split a copy of a real order and see the ledger and payout dates before you connect your live Stripe account.

Split one of last month's orders before you decide

Enter an order amount, the seller, your fee and any affiliate in the simulator, and see the shares, ledger lines and first payout date in under a minute.

Try the split simulator See pricing

No transaction fees from us. Runs on your own payment account at a licensed operator. FractionalPay never holds your funds.