Solutions from Airwallex that support SMBs

As more companies shift their business models, it’s challenging to determine which platforms cater to small to medium-sized businesses (SMBs) and which focus primarily on larger operations. 

In some cases, fintech platforms will change their model entirely from serving SMBs to only larger operations. But where does this leave ‌SMBs?

SMBs with closed accounts must find new platforms that can effectively serve their needs. Let’s take a look at how Airwallex actively supports its SMB clients via online banking.

How does Airwallex support SMBs needing accounts?

Many US-based SMBs are seeking a reliable, low-fee digital business account. Airwallex stands out as a top-rated choice, offering seamless global payments, multi-currency support, and scalable solutions tailored to businesses of all sizes.

Global Accounts

Airwallex offers Global Business Accounts for SMBs in various countries. Rather than visiting physical bank branches, Airwallex clients can collect and send payments online in their preferred currencies. 

Our multi-currency accounts are compatible with 20+ different currencies, making it easier than ever to operate on a global level. 

Corporate Cards

Airwallex also offers Corporate Cards for SMBs to make worldwide transactions. Our physical and virtual visa cards incur no international fees and offer up to 1.5% cashback on all domestic transactions. 

Available in 40+ markets, Corporate Cards support multi-currency spending – ideal for businesses with global operations or distributed teams.

Here’s a closer glimpse of their benefits:

• Free cards for employees: Issue virtual and physical cards at no extra cost.

• Save money on global expenses: Avoid hidden fees with competitive FX rates and low transaction costs.

• Real-time control: Set spending limits and track activity instantly to stay on budget.

Expense Management

Expense Management is an end-to-end solution to streamline how your business tracks and controls spend.

Easily upload receipts, manage approvals, and reconcile expenses – all in one place. Get real-time visibility into company spending and set controls before purchases happen, whether it’s for subscriptions, travel, or team events.

Payments

With Airwallex, SMEs can accept payments globally through a range of flexible options – online, in-app, or via secure Payment Links. Get paid in 160+ local payment methods across 180+ countries, with funds settling directly into your multi-currency account. Whether you need a simple link to collect a one-off payment or a fully embedded checkout, Airwallex makes it easy to get paid – fast, in your preferred currency, and without unnecessary fees.

Xero integration

If you’re looking to sharpen up your bookkeeping, take advantage of our Xero integration. 

Xero is the world’s leading bookkeeping and accounting platform that we partner closely with. You can automatically sync all your domestic and international transactions into Xero to ensure your numbers remain accurate, up-to-date, and all in one place. 

Partnerships

We put our customers first at Airwallex, which is why we make an effort to partner with innovative fintech companies to ensure their needs are met.

Whether you want to broaden your talent pool with internal hires using Oyster, secure capital eCommerce funding through 8fig, or grow your brand with better Amazon advertising with Incrementum, we have plenty of partners that can serve your SMB.

But first, you need an Airwallex Global Business Account to set your business on a path to success. 

If you’re ready to better manage, collect, and receive money related to your business operations, sign up with Airwallex today. 

FAQ

1. What’s the top-rated digital account for SMEs? Airwallex is considered one of the top-rated digital accounts for SMEs, thanks to its global capabilities, competitive pricing, and ease of use for fast-growing businesses.

2. How can SMEs open a digital business account with Airwallex? Opening an Airwallex Global Business Account takes minutes and can be done entirely online. There’s no need to visit a branch, and you can start sending and receiving payments in multiple currencies as soon as your account is verified.

3. Can Airwallex accounts handle multiple currencies? Yes. Airwallex Global Accounts enable you to hold, receive, and send funds in over 20 currencies, helping SMEs avoid forced currency conversions and save on foreign exchange costs.

3. What payment methods can I accept with Airwallex? SMEs can accept over 160 local payment methods in more than 180 countries, including Visa, Mastercard, American Express, local bank transfers, e-wallets, and buy-now-pay-later options.

4. Does Airwallex integrate with accounting software? Yes. Airwallex integrates with Xero, enabling you to automatically sync transactions and maintain accurate and up-to-date bookkeeping.

5. Are there any fees for Airwallex Corporate Cards? No. Airwallex Corporate Cards are free to issue, incur no international transaction fees, and offer up to 1.5% cash back on domestic spending.