This is one of our top picks in the category so we recommend it over others (you're on the right page), read below to learn why we love and recommend it! ⤵
This is one of the better tools in its category, see below if this tool is right for you! ⤵
We are huge fans of Airwallex for businesses that operate internationally and want to accept money across borders. With Airwallex, your customers can pay in their local currency, and you can keep the money in that currency (no forced conversions!). Better yet, you can spend funds locally using Airwallex's built-in expense management and multi-currency corporate cards.
This is our top pick for multi-currency payments—and we way prefer it over Wise. Wise is great for simple transfers. Airwallex is built for running an actual business globally. Go ahead and sign-up for a free account.
We believe there are better options available in this category, read below to learn what they do well, and what they could do better. ⤵
The financial platform for your global ambition. Global spend & expense management solution.
Airwallex is a global financial platform for businesses that need cross-border payments (aka you need to receive international payments or pay vendors internationally).
Airwallex is a full-stack financial OS: multi-currency business accounts, corporate cards, payouts, expense tracking, even checkout solutions.
If you're running a business and you want to accept or send money across borders (e.g. manufacturing in China for example, or a contractor overseas wanting to take US payments), then Airwallex is a must have. The reason is because you aren't forced to convert funds back to your local currency, you are able to keep them right within Airwallex and spend it in that currency as well.
We work with contractors from all over the world (UK, Australia, France) and as a US business, we way prefer when contractors send an invoice to us via Airwallex. It's more professional than Wise, and we can easily transact without any headache.
Our first experience with Airwallex was when we paid our video editor in Australia—he sent us a US bank account powered by Airwallex, and we paid him in USD like he was down the street. It just worked—and that's exactly why we love it.
You can spin up local bank accounts (with local account numbers) in currencies like USD, GBP, EUR, AUD, and more. It’s like having a bank account in dozens of countries without actually moving there or any headache.
This means you get paid like a local, avoid forced FX conversions, and hold money in the currency you earn it in.
This is the killer feature. Especially for paying or getting paid by international teams, marketplaces, or clients.
Airwallex empowers businesses to disburse payments to contractors and vendors in over 150 countries, supporting transactions in 60+ currencies. By leveraging local payment rails in 120+ countries, Airwallex ensures faster transfers and reduced costs compared to traditional banking systems.
For platforms aiming to integrate payout functionalities, Airwallex offers embedded payout solutions. These allow businesses to seamlessly incorporate global payout capabilities into their products, similar to how Stripe facilitates embedded payments.
The platform offers foreign exchange rates close to the interbank rate, with a typical markup between 0.3% and 0.6%, which is significantly lower than traditional banks.
Airwallex allows you to spin up virtual cards in your business and spend in multi-currency, so you can have one on file for each vendor. Issue employee or department cards, set budgets, track expenses, and pay directly from your foreign currency balance.
Like many of the best expense management solutions on the market, they do an incredible job at that, and work globally, unlike others mentioned on the list. So especially if you're based outside of the US, and have multi-currency needs, Airwallex is going to be your best bet.
Airwallex integrates with Shopify, WooCommerce, Xero, Quickbooks Online and other popular tools, making cross-border automation possible.
Airwallex business accounts are free, you can sign-up today (and honestly, we think it's a no-brainer!).
Is Airwallex worth it? If you’re running a global business or even just paying or invoicing a few international contractors, absolutely yes. Airwallex removes the friction from cross-border payments and makes your business feel bigger and more operationally legitimate. We’ve used it ourselves to pay an Australian editor—we wired USD to a “local” US bank account he spunet up with Airwallex. It was easy, fast, and saved both of us money.
But if you're in the US and don’t deal with multiple currencies? There are better tools for local expense management. Go check out Ramp or BILL Spend & Expense instead.
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Yes, Airwallex works globally for businesses as well as businesses based in the US.
We've tracked and verified the above companies are using this software in their team's stack.
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