What it is
Airwallex combines multi-currency business accounts, corporate cards, payouts and online payment acceptance in one platform, serving businesses in Australia, the UK, the US, Europe and Asia.
Who it suits
E-commerce and marketplaces collecting and paying out in multiple currencies.
How it charges
A free plan is available subject to conditions, with paid plans for larger teams. Foreign exchange is charged as a small margin over the interbank rate; payment acceptance is priced per transaction.
Getting started
Open online with company registration documents and director ID in a supported country. Multi-currency accounts, cards and payment acceptance can be added once the base account is verified.
At a glance
- Free plan
- Yes, with conditions
- Multi-currency
- Yes, extensive
- Accounting sync
- Yes
- Is a bank
- No (licensed payment institution)
- Headquarters
- Melbourne / Singapore
- Founded
- 2015
Strengths
- Accounts, cards and payment acceptance together
- Strong Asia-Pacific coverage
- Competitive FX
Watch for
- Onboarding is geared to established businesses
- Plan conditions vary by country
Readers ask2 questions answered
Who is Airwallex for?
Businesses collecting or paying in several currencies: e-commerce, marketplaces and companies with overseas suppliers or staff.
Is Airwallex a bank?
No. It is a licensed payment institution in the markets it serves; funds are safeguarded rather than deposit-insured.
How it comparesIts standing in 1 comparison
Best for e-commerce selling into Asia-Pacific
- Free plan
- Yes, with conditions 1 provider in this comparison
- Is a bank
- No (licensed payment institution) 1 provider in this comparison
- Multi-currency
- Yes, extensive 3 of them share this
- Accounting sync
- Yes 4 of them share this
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