What is Airwallex?
Airwallex is a expense management tool. Airwallex is a comprehensive global payment and financial platform designed for businesses looking to expand internationally. It offers a unified solution for managing various financial operations, including opening global business accounts, accepting international payments, managing corporate expenses, and streamlining invoicing. Key capabilities: Global Business Accounts (20+ currencies), FX & International Transfers (200+ countries at interbank rates), Multi-currency Corporate Cards, Expense Management (tracking, approvals, employee reimbursement), Bill Pay (upload, manage, approve, pay national and international invoices). Airwallex ships a free plan plus paid tiers that unlock as usage grows. Buyers most often compare Airwallex against Spendesk, Teampay, Baselane.
TL;DR - Airwallex
- Manage global business finances on a single platform.
- Accept international payments and optimize currency exchange.
- Control corporate expenses with multi-currency cards and automated bill pay.
Pricing: Free plan available
Best for: Growing teams
3.8/5 across review platforms
Pros & Cons
Pros
- Unified platform for diverse financial needs.
- Access to interbank exchange rates for cost savings.
- Extensive support for currencies and local payment methods.
- APIs for custom financial product development.
- Streamlined expense control and automated invoicing.
Cons
- No explicit mention of a free tier or trial.
- Consumption-based billing feature is listed as 'coming soon'.
Ratings Across the Web
3.8(12 reviews)
Ratings aggregated from independent review platforms. Learn more
Preview
Key Features
Global Business Accounts (20+ currencies)FX & International Transfers (200+ countries at interbank rates)Multi-currency Corporate CardsExpense Management (tracking, approvals, employee reimbursement)Bill Pay (upload, manage, approve, pay national and international invoices)Online Payment Acceptance (low-code checkout, payment links, plugins for Shopify, WooCommerce, Magento)Invoicing (generate invoices, 160+ local payment methods)Subscription Management (simple and hybrid pricing models)
Pricing Plans
Free TrialExplore
Free or $19/month
- Global accounts in 20+ currencies
- Multiple accounts per entity
- Accounts with local bank details in 20+ currencies
- Free local transfers in 120+ countries
- Access to interbank exchange rates
- International batch transfers
- Earn yield on USD, GBP, and EUR balances
- Multi-currency corporate and employee cards
- Bundled bill payments
- 5 free active users per month
- Up to 10 free corporate cards
- Expense requests, expense management and reimbursements
- Domestic and international bill settlement (up to 500 bills per month)
- Global online card and local payment method acceptance
- Payment links
- Sync bank feeds, expenses and bills with Xero and QuickBooks
- Core API access
Grow
$99/month
- Everything in Explore
- Up to 50 free corporate cards
- Customizable multi-level approvals
- Rule-based automation for bills
- Vendor approval workflows
- Higher yields with Yield
Accelerate
From $999/month
- Everything in Grow
- Centralized finance management across global entities
- Single Sign-On
- Purchase orders and requisitions
- Advanced rule-based automation for expenses
- Sync bank feeds, expenses and bills with NetSuite
- HRIS platform integrations
- Higher yields on Yield
- Dedicated account manager
- Onboarding support
About Airwallex
By Toolradar Team·
Airwallex is a comprehensive global payment and financial platform designed for businesses looking to expand internationally. It offers a unified solution for managing various financial operations, including opening global business accounts, accepting international payments, managing corporate expenses, and streamlining invoicing.
The platform caters to a wide range of businesses, from global enterprises seeking to save time and money to forward-thinking platforms and marketplaces aiming to develop their own financial products. Airwallex provides powerful tools and APIs to optimize payments and finances, enabling businesses to operate globally with local efficiency. This includes multi-currency accounts, international money transfers at interbank rates, corporate cards, and integrations with popular accounting software.
For software and technology companies, Airwallex helps optimize recurring payments, manage funds intelligently to avoid costly exchange fees, and control business expenses. It supports over 160 local payment methods and 180 currencies, making it easier to accept payments from customers worldwide and manage supplier payments in local currencies.
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Write a reviewBest Airwallex Alternatives
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Airwallex FAQ
What is Airwallex?
Airwallex is a global payment and financial platform that helps businesses manage their international finances. It offers services like multi-currency business accounts, international money transfers, corporate cards, expense management, and tools for accepting payments and invoicing globally.
How much does Airwallex cost?
The website does not provide specific pricing details. It is a paid service, and users are encouraged to 'Start now' or 'View product demo', suggesting a custom pricing model or a direct sales approach.
Is Airwallex free?
No, Airwallex is not free. It is a paid platform designed for businesses, and pricing details are typically provided upon inquiry or demo request.
Who is Airwallex for?
Airwallex is for growing businesses, global enterprises, and platforms/marketplaces that need to manage international payments, finances, and expenses efficiently. It is particularly beneficial for companies looking to scale globally, save on currency exchange fees, and streamline their financial operations.
Source: airwallex.com