Wise vs Airwallex: Compare features and fees
Find out how Wise’s features and fees compare to Airwallex’s for businesses based in Israel and across the region.
With Airwallex, businesses can transfer funds to 200+ countries, more than the 73 supported by Wise. Get wider global coverage and more features — including payment acceptance, spend management tools, and multi‑currency accounts — all on one platform.
3 reasons why businesses choose Airwallex over Wise
Get wider global reach
Airwallex offers multi‑currency accounts in 23+ currencies, compared to Wise’s 9+. You can send money to 200+ countries, including 120+ using local payment rails, compared to around 73 with Wise.
That means broader coverage and more routes where payments can avoid slower, more expensive cross‑border networks.
Get paid in more ways
Both Wise and Airwallex offer payment links and invoices for simple, no‑code collection flows.
But, Airwallex also provides additional payment solutions including low‑code eCommerce plugins, hosted checkouts, and fully customisable payment APIs — making it easier to scale from basic links to enterprise‑grade payment acceptance without switching platforms.
Manage expenses with more control
While Wise offers basic card controls, Airwallex helps businesses track and control spend with end‑to‑end expense management tools — from issuing business debit cards to setting spend limits, configuring multi‑step approvals, and syncing with accounting software.
You can roll out multi‑currency employee cards, enforce granular controls, and keep finance, payments, and spend data in one place.
Reach more markets and gain full control over spend with Airwallex
The biggest difference between Airwallex and Wise is global reach. With Airwallex, businesses can receive funds like a local via multi‑currency accounts in 23+ currencies, more than Wise’s 9+. Airwallex also provides broader transfer coverage to 200+ countries, compared to Wise’s 73.
On top of that reach, Airwallex gives businesses comprehensive expense management tools that go beyond Wise’s more limited card controls and basic spend features, helping you get clearer oversight and tighter control over global spend as you scale in and out of Israel.
Save on transfer fees and FX with Airwallex
Overall, Airwallex is designed to offer lower international transfer fees and more predictable FX costs than Wise for many businesses with regular cross‑border activity.
With Airwallex, businesses can access interbank rates when converting currencies for payouts, hold funds in 20+ currencies to avoid unnecessary conversions, and route transfers over local payment rails where available — helping to reduce both explicit fees and hidden costs embedded in FX.
Note: Any Wise fee figures or ranges above are indicative only. Wise’s exact fees vary by country, account type, corridor, currency, and may change over time. For the latest pricing for Israeli users, always refer to Wise’s official fees and pricing pages.
What local businesses are saying about Airwallex
“Airwallex is a really good example of how we’re investing in technology. While our previous solution for foreign payments was very slow, manual and outdated, Airwallex is quick, easy and efficient. Not only does Airwallex save the team time, it also saves us money – it’s a win-win.”
Laura Bowden
CFO at McLaren Racing
“Because of Airwallex, we’re enjoying significant cost savings and a more streamlined management of funds between different currencies, which is essential for our travel agency.”
Simon Russell
Authentic Vacations, CEO
“Everything just flows now - approvals, expenses, reimbursements. Managers feel trusted, the finance team is more visible, and we’re moving faster without losing control. Airwallex has completely changed the pace and perception of finance in the business.”
Nathan Humphreys
Financial Controller, Truvi
"One thing was clear: We needed a simple-to-use, truly global financial solution that allowed us to seamlessly accept money from customers in multiple markets convert it to other currencies only when needed, and pay vendors in different countries. In other words, we needed to trade globally - not just Australia.”
Richard Li
Co-founder & CEO, July
"We've had such a fantastic experience switching to Airwallex. Previously we were using a traditional bank to make all of our international transactions and they'd constantly lock us out of the account everytime we made a transfer, resulting in hours and hours of lost time on hold. Airwallex is secure, makes it super quick and simple to make and receive international payments."
Rupert
Managing Director, Perspective Pictures
Frequently asked questions about Wise features and fees
What alternative solutions to Wise are there?
There are several alternatives to Wise, including PayPal, Payoneer, Revolut, and traditional banks, as well as other specialist payment providers. However, Airwallex stands out for Israeli and regional businesses that need competitive pricing, broad global reach (200+ countries, 120+ with local rails), multi‑currency support with 20+ currencies for like‑for‑like settlement, and end‑to‑end solutions including FX and transfers, spend management tools, and global payment acceptance on a single platform.
How much are Wise fees in Israel?
Wise typically charges a fixed fee plus a variable percentage fee for sending money abroad, with exact costs depending on the route, currencies involved, how you fund the transfer, and whether you are sending to or from ILS. Additional FX charges apply whenever you convert between currencies, and fees can differ by region (including Israel) and product type (personal vs business).
Airwallex offers a competitive alternative with transparent FX margins (typically a small markup over interbank), no monthly account fees for standard usage, and the ability to collect and hold funds in multiple currencies so you can reduce repeated conversions and total fees over time.
For the latest Wise pricing applicable to Israel, always refer to Wise’s official fees and pricing pages.
How does an Airwallex Business Account help businesses save on transaction fees?
An Airwallex Business Account can help Israeli and regional businesses avoid unnecessary conversion fees and reduce everyday expenses. You can:
Collect payments from international customers in their preferred currency and keep those funds in that currency
Spend those balances later in the same currency — for example, to pay global suppliers and employees — instead of converting in and out of ILS or another base currency each time
Choose when to convert foreign balances back to your home currency based on market conditions, rather than being forced to convert on every transaction
This combination of like‑for‑like settlement, local‑rails routing, and transparent FX pricing helps reduce both explicit transfer fees and hidden FX costs when operating across multiple markets from Israel.