Future-proofing: How WeSki boosted its bottomline through efficient payment infrastructure

Find out how WeSki switched from complex and costly money transfers to streamlined, time-saving and cost-effective global money movement processes.

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70,000 packages sold worldwide

across 82 ski resorts.

Scaling global supplier payments

in multiple currencies, fast.

Boost operational efficiency

by reducing reliance on traditional banking.

WeSki is shaking up the ski travel industry with its online platform that revolutionises the way we discover, plan and book ski trips.

Industry

Travel

Location

Global

Company size

100+ employees

AIRWALLEX PRODUCTS USED

Global Accounts
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Introducing WeSki

WeSki is shaking up the ski travel industry with its online platform that revolutionises the way we discover, plan and book ski trips. 

By leveraging technology to simplify complex travel arrangements, WeSki makes ski trips more accessible and customisable. 

The travel startup acts as a one-stop shop, partnering with resorts worldwide so customers can compare prices and real-time availability across flights, hotels, lift passes, and rentals. 

WeSki has already sold over 70,000 packages across 82 beautiful ski resorts by working with great partners in the best destinations around the world. 

The Challenge

WeSki’s unique technology allows skiers and snowboarders to search and compare millions of ski trips. Skiers and snowboarders worldwide can create customised trips to the slopes with just a few clicks. 

“Our platform was designed to provide the most advanced user experience in the travel industry, allowing customers to personalise every aspect of their ski holiday,” begins David. 

Being truly borderless meant that WeSki needed to accept payments from customers in their chosen currency, and with such a geographically diverse customer base, this meant collecting payments in multiple currencies. 

In addition to accepting global payments, WeSki also needed to send payments to hundreds of international suppliers in various currencies, as David explains; “We were handling payments to our ever-growing network of suppliers across various payment methods and terms, and it was getting increasingly complicated.” 

WeSki’s existing financial infrastructure became problematic. “We were relying on traditional banking solutions to manage global payments,” David continues, “But these were complex and costly for international transactions.” 

The impact of managing global funds in this way was far-reaching, hitting WeSki’s bottom line and taking the Finance team’s focus away from more strategic goals. Importantly, it was also limiting WeSki’s scalability into the $80 billion ski industry. 

In search of a more operationally and cost-efficient solution to handling global payments that would facilitate growth, WeSki began chatting with Airwallex. 

David Benzimra

Co-founder and COO of WeSki

“Managing multi-currency transactions and handling payments to our ever-growing network of suppliers across various payment methods became more and more challenging for us.”

The Solution

Partnering with Airwallex has enabled WeSki to optimise multiple elements of its financial infrastructure using a single platform. 

Or Liban

Head of Israel & Middle East at Airwallex

"As Airwallex continues to strengthen its presence in the Middle East, our partnership with WeSki marks a significant milestone in our mission to empower businesses with seamless global payment solutions. The combination of WeSki's revolutionary customer-centric platform with our innovative payment solutions unlocks new opportunities for long-term growth, which both companies are very excited about."

Streamlining multi-currency payments with Global Accounts 

WeSki now uses Airwallex Global Accounts to easily accept funds from Braintree, a PayPal service. “With Airwallex Global Accounts, we can now efficiently manage multiple currencies and enjoy significantly lower transaction costs,” says David. This has reduced WeSki’s operational costs and consequently helped boost its margins. 

Fast and cost-effective global money movement 

WeSki has also leveraged Airwallex foreign exchange (FX) and transfers services, enabling them to make fast, cost-effective international transfers at market-leading rates. Now, WeSki can easily convert funds received from customers in GBP into EUR and USD at highly competitive rates. David and his team then use Airwallex transfer services to make payouts to WeSki’s vast network of suppliers. Using Airwallex instead of traditional banking partners has eliminated extortionate conversion fees and poor exchange rates that were impacting WeSki’s bottom line, as well as simplifying its financial processes.   

Virtual cards that make paying global suppliers a breeze

With a network of suppliers located around the world, WeSki knew that managing payouts more efficiently was going to be a game-changer. With Airwallex, WeSki has simplified its payout processes. Using virtual company cards, David and his team can pay suppliers directly from WeSki’s held balances, meaning no more unnecessary FX conversion fees. These multi-currency cards allow WeSki to pay its suppliers in minutes and mean no more surprise foreign transaction fees. 

Leveraging operational efficiency for scalability 

David says that switching to Airwallex had made a huge impact operationally, too. “For our finance team, the streamlined process has reduced the time spent on administrative tasks.” This has enhanced WeSki’s operational efficiency, and allowed for greater focus on customer needs. 

By partnering with Airwallex, WeSki has streamlined its global money movement and eliminated the complexities of establishing complex local banking relationships. “For our business as a whole, the efficiency gained from using Airwallex's services has improved our scalability,” says David.

David Benzimra

Co-founder and COO of WeSki

“Airwallex has been instrumental in our journey by streamlining our global payments and reducing financial complexities, enabling us to focus more on customer experience.”

More stories from Airwallex customers

How Authentic Vacations saved $10k a month on FX
How July's trust in Airwallex allowed them to focus on their business
How Plum Guide streamlined its funds management across multiple currencies, upgraded its financial infrastructure and made cost savings.

See how our customers are finding Airwallex

Airwallex Testimony

"Airwallex have been a fantastic partner for Olsam Group as we grow our eCommerce brands to new channels and new markets. Their easy to use interface and integrations have been a joy for our finance team to use as we scale."

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Airwallex Testimony

"For ME + EM, expanding into international markets such as the US has been our focus - and with Airwallex, we were able to use their local USD Global Account to collect from our Paypal US account, thereby allowing us to save 3% on each transaction. The process of working with Airwallex has been seamless - our suppliers get paid quickly, we have a dedicated Relationship Manager who has been really patient, helpful and quick to respond. I am keen to use their cards to pay for our ad spend in the near future to save further on our USD invoices."

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"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."

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“We used to pay Stripe between $5,000 and $10,000 a month in conversion fees because most of our customers pay in dollars. Now we funnel that money into our Airwallex US dollar account, we don’t have to pay commission. We’ve saved more than $100,000 so far this year”

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Founder and CEO, Brandbassador

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"We love Airwallex! It has considerably eased our invoicing and payments to contractors around the world. Sending and receiving money is much faster and cheaper than before."

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Co-Founder, Mobile Transaction

Airwallex Testimony

“We are so glad that we have found Airwallex! There are no hidden charges, they are quick to respond to any queries and we had the smoothest transaction with amazing support from the team continually.”

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Supply Chain Executive, Miss Patisserie

Airwallex Testimony

"Our water solutions company, Dropterra (go.dropterra.com) has partnered with Airwallex since inception and it has been the best banking and payment partner a company can think of. International transactions are easy, secure, and fast, the technology is incredible and their client service fantastic! We look forward to growing and deepening our relationship with Airwallex!"

Francois Schramek

Co-Founder, Dropterra

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