Wise vs Airwallex: Compare features and fees
Find out how Wise’s features and fees compare to Airwallex’s.
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 more.
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+. Send money to 200+ countries, including 120+ using local payment rails, compared to 73+ with Wise.
Get paid in more ways
Both Wise and Airwallex offer payment links and invoices. But Airwallex also provides other payment solutions like low-code eCommerce plugins, hosted checkouts, and fully customisable APIs.
Manage expenses with more control
While Wise offers basic card controls, Airwallex helps businesses track and control spend with end-to-end tools – from issuing business debit cards to setting spend limits and syncing with accounting software.
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+.
Businesses can get oversight and control over their global spend with Airwallex’s expense management tools, which are more comprehensive than those with Wise.
Save on transfer fees and FX with Airwallex
Overall, Airwallex offers lower international transfer fees. With Airwallex, businesses can access interbank rates when converting currencies for payouts.
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 While our previous solution for foreign payments was very slow, manual and outdated, Airwallex is quick, easy and efficient.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 HSBC. However, Airwallex stands out for its competitive pricing, global reach, multi-currency support, and end-to-end solutions including FX and transfers, spend management tools, and payment acceptance.
How much are Wise fees in the UK?
Wise typically charges a fixed fee plus variable fees starting from 0.4% per transfer for sending money abroad. Fees vary by currency and payment rails. Additional fees apply for FX conversions. Airwallex offers a competitive alternative with transparent and often lower fees, especially for businesses dealing with multiple currencies and regions.
How does an Airwallex Business Account help businesses save on transaction fees?
An Airwallex Business Account can be used to avoid unnecessary conversion fees and to save on everyday expenses. You can collect payments from your international customers in their preferred currency and then spend those proceeds later in the same currency (for example, to pay global suppliers and employees), thereby eliminating unnecessary conversion fees. You can also benefit from holding funds in a foreign currency until FX rates are favourable enough to convert these funds to your home currency.