Airwallex
Payment processing software
Spend management software
Enterprise payment software
Remittance & money transfer software
Expense management software
Travel & expense software
Payment software
Procurement software
Accounting & finance software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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$99 per month per business legal entity
Free TrialFree version
Small
Medium
Large
- Information technology and software
- Retail and wholesale
- Media and communications
What is Airwallex
Airwallex is a financial technology platform that provides cross-border payments, multi-currency accounts, and card issuing to help businesses collect, hold, and pay funds internationally. It targets internet businesses, marketplaces, and enterprises that need to manage global payables/receivables, FX conversion, and payout workflows through a web console and APIs. The product combines payment acceptance, treasury-style multi-currency wallets, and spend controls (cards and expense workflows) in one platform. It is commonly used to centralize international vendor payments, employee spend, and customer collections across multiple countries and currencies.
Multi-currency accounts and FX
Airwallex provides multi-currency accounts that let businesses hold and convert funds across currencies and route payments from a single platform. This supports use cases such as paying overseas suppliers, receiving customer funds in local currencies, and managing FX exposure. The combination of wallets and FX tools reduces the need to maintain separate bank accounts in each market. It also supports operational workflows where finance teams need visibility into balances by currency and entity.
APIs for payment automation
Airwallex offers APIs to embed payments, payouts, and account capabilities into business applications and workflows. This is useful for platforms and marketplaces that need programmatic onboarding, pay-ins, and pay-outs rather than manual processing. API access can reduce manual reconciliation work when integrated with internal systems. It also supports scaling payment operations across regions without relying solely on a user interface.
Cards and spend controls
Airwallex includes corporate card issuing and spend management features such as limits, approvals, and expense capture. This helps finance teams manage employee spend and vendor payments alongside cross-border transfers. Centralizing cards and payments can simplify policy enforcement and reporting. It also supports distributed teams that need controlled access to company funds in multiple currencies.
Coverage varies by region
Availability of specific products (e.g., local payment methods, card programs, or account features) can differ by country and legal entity. Businesses operating in many jurisdictions may need to validate supported corridors, settlement currencies, and local rails before standardizing on the platform. Regulatory requirements can also affect onboarding timelines and documentation needs. This can introduce complexity for global rollouts.
Not a full ERP suite
Airwallex focuses on payments, multi-currency money movement, and spend controls rather than end-to-end accounting, procurement, or enterprise resource planning. Organizations typically still require separate systems for general ledger, invoicing, and broader procurement workflows. Integrations may be needed to achieve full financial close and audit reporting. This can increase implementation effort for finance teams seeking a single system of record.
Implementation and compliance overhead
Using the platform for higher-volume or embedded payment scenarios often requires technical integration, operational monitoring, and ongoing compliance processes. KYC/KYB checks, risk controls, and transaction monitoring can add steps compared with simpler payment tools. Teams may need dedicated resources for integration, reconciliation, and exception handling. This is more pronounced for platform models with many sub-merchants or payees.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Explore | $0 (Free) | Business accounts: open multiple accounts per entity, hold/collect in 20+ currencies, free batch/local transfers to 120+ countries, access to interbank FX rates; Payments & FX/transfer transaction fees still apply (see notes). No monthly fee per business legal entity. cite |
| Grow | $99 per month | Everything in Explore plus advanced spend controls (approval workflows, purchase orders, remittance advice), Netsuite & HRIS integrations, central management for up to 3 global entities, single sign-on (coming soon). Subscription fee is charged per business legal entity; Grow offers a free 1-month trial for eligible customers. Transaction fees (FX, transfers, card processing) still apply. cite |
| Accelerate | Custom pricing | Enterprise-grade features: central management across unlimited entities, dedicated account manager, onboarding support, custom API implementation and embedded finance options. Contact sales for pricing. cite |
Notes on transaction / processing fees (from Airwallex official pages):
- Card acceptance (US page): Domestic cards 2.80% + $0.30; International cards 4.30% + $0.30; Local payment methods $0.30 + payment method fee; subscription management (recurring) 0.50% per successful card transaction. cite
- International transfer fees (Transfers page): SWIFT transfers incur $15–$25; transfers via Airwallex local payment networks are typically free of charge. cite
Seller details
Airwallex Pty Ltd
Melbourne, Australia
2015
Private
https://www.airwallex.com
https://x.com/airwallex
https://www.linkedin.com/company/airwallex/
