For a startup company, access to efficient global business solutions is a must. Startups that want to go global need to support their growth and increase sales and revenue, these companies need the ability to make secure international payments and money transfers are done smoothly and with lower costs. Airwallex can meet all of these needs. The Airwallex offer consists of two pillars: a business account and an online finance operation platform. First, the Airwallex Business Account is designed to enable SMEs or start-ups to simplify their payment and financial operations. Multi-currency global bank accounts with local details can be opened in minutes. This allows any company to expand into new markets with great agility. Payment cards accompany these accounts and offer the possibility to pay in any currency. You can then create cards for all your employees and track their spending in real time. Fast and affordable international payout is also of course enabled to over 150 countries. Secondly, Airwallex also offers an online platform for businesses to embed into their own products or finance operations . This suite of APIs is ideal for any company wishing to launch financial products internationally, by relying on Airwallex’s robust financial infrastructure. A full transaction lifecycle can be designed to deliver innovative and powerful financial experiences to your customers. These strengths have enabled Airwallex to convince many companies such as Clipchamp, Olsam, STAKE, or Clearco. These companies have taken advantage of this complete SaaS-based business financial solution to boost their business growth.
Features
-
Fast international payments
Pay employees, contractors, or suppliers in over 150 countries. 90% of transactions go through local rails (instead of SWIFT) and arrive within a few hours/same day. About 60% of transactions are instant.
-
Global account
Airwallex enables you to open domestic and foreign currency accounts in local details within minutes and accept currencies in over 60 countries. . You can view account balances in real-time, monitor transactions, and set up automatic transfers between accounts instantly.
-
Easy payment collection
Airwallex makes it easy to collect payments from customers in 180+ currencies and with 160+ local payment methods, including Visa, MasterCard and Amex. You can send out payment requests and invoices with just a few clicks, and customers can pay in their local currency accounts.
-
Efficiently manage company and employee expenses
Get complete, real-time visibility into your company and employees’ expenses. Multi-currency employee cards, both virtual and physical, can be created, put on hold, or canceled in seconds. Expenses are all centralized and streamlined so you can focus on growing your business. There are no transaction fees on the spend.
-
Customizable API
Airwallex offers a customizable API that allows you to integrate with your existing business systems and automate your payment processes. You can easily integrate with your accounting software, CRM systems, and other business tools like Shopify and WooCommerce to streamline your operations.
-
Integrations with the best tools
Airwallex supports integrations with WooCommerce , Shopify, , Amazon, Xero, and Zapier to help your business grow. Save valuable time with a fast and secure connection.
Pricing
-
Grow
$99 / per month
- Expense Management for cards and reimbursements- Bill Pay for domestic and international bills- Automated receipt and bill data extraction
-
Accelerate
$499 / per month
- Central management of finances across multiple entities- Expenses and bills sync with NetSuite- Dedicated account manager
-
Custom
Custom pricing
- High-volume FX, transfers, or card spend- Custom API access for tailored workflows- Embedded finance and bespoke solutions
-
Explore (Free)
$0 (Freemium)
- Collect and hold 20+ currencies- Free transfers to 120+ countries- Multi-currency company and employee cards with zero international fees
Pros and cons
Pros
- Ease of use: This payment solution is easy to learn
- Integration: It can be easily integrated with other tools
- Features: The tool offers useful services such as different currency accounts, employee company cards, expense management, etc
Cons
- Accessibility: Not all companies have access to the tool
- Missing services: Some users would like to see new features added according to their specific needs
- Lack of phone support: Customer support over phones is not available in markets like UK