Softwr

Accounting · head to head

Airwallex vs Qonto

Airwallex logo

Airwallex

Accounting

Global business accounts and payments

From
Free
Rated
-
Full reviewWebsite
Qonto logo

Qonto

Accounting

French neobank and finance management platform for freelancers, SMEs and businesses

From
€9/month
Rated
-
Full reviewWebsite

The short version

  • Only Airwallex has a free tier, so it costs nothing to try first.
  • Each has a real cost: Airwallex international card payments carry a $0.30 fee per transaction on top of FX charges, separate from the free tier; Qonto pricing in EUR only, not USD

Where they differ

Only the attributes on which Airwallex and Qonto actually diverge.

Attributes where Airwallex and Qonto differ
AttributeAirwallexQonto
Starting priceFree€9/month
Pricing modelfreemiumsubscription
Free tierYesNo

Identical on both: platforms (Web), user rating (Not yet rated), category (Accounting).

What people use each for

The jobs each tool is most often brought in to do.

Airwallex

  • Global payment collection accepting multiple currencies like local paymentsnot Qonto
  • International money transfers to 200+ countries at interbank ratesnot Qonto
  • Corporate expense management with multi-currency cards and trackingnot Qonto
  • Automating recurring revenue and subscription billing globallynot Qonto
  • Opening business accounts in 20+ currencies with local bank detailsnot Qonto
  • Platform monetization through embedded finance and Banking as a Servicenot Qonto

Qonto

  • Business bankingnot Airwallex
  • Team paymentsnot Airwallex
  • Cash flow managementnot Airwallex
  • Multi-currency transfersnot Airwallex
  • Freelancer paymentsnot Airwallex

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Airwallex

  • International card payments carry a $0.30 fee per transaction on top of FX charges, separate from the free tier

Qonto

  • Pricing in EUR only, not USD
  • Basic tier limited to 30 transfers per month
  • Add-ons for invoice automation and project tracking cost EUR 12-39/month extra
  • Business tier minimum commitment for small team accounts
  • Business plan minimum pricing EUR 49/month vs self-employed EUR 9/month

Pricing, plan by plan

Airwallex

Free

No published plan breakdown. See the Airwallex review.

Qonto

€9/month
  • Basic (Self-Employed)$9/month
    • 30 transfers
    • 1 physical + 2 virtual cards
    • Account remuneration 5% for 2 months
  • Smart (Self-Employed)$19/month
    • 100 transfers
    • 2 physical + 50 virtual cards
    • Account remuneration
  • Premium (Self-Employed)$39/month
    • 200 transfers
    • 2 physical + 50 virtual + 50 Instant cards
  • Essential (Business)$49/month
    • 250 transfers
    • 5 physical + 50 virtual cards
    • Multiple sub-accounts

Which should you pick?

Choose Airwallex if

  • You want to start without paying.
Airwallex review

Choose Qonto if

Nothing in the data separates Qonto from Airwallex on the points above - pick on price and on how each one feels to use.

Qonto review

Questions people ask

Is Airwallex or Qonto better?
Neither clearly leads. Airwallex starts at Free and Qonto at €9/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Airwallex or Qonto?
Airwallex has a free tier; the other does not. Paid plans start at Free for Airwallex and €9/month for Qonto.
Does Airwallex or Qonto run on more platforms?
Both run on Web, so platform support will not decide this one for you.
Can I use Airwallex for free?
Yes. Airwallex has a free tier, so you can try it without paying. Qonto starts at €9/month.
What is Airwallex best used for?
Airwallex is most often used for global payment collection accepting multiple currencies like local payments, international money transfers to 200+ countries at interbank rates, corporate expense management with multi-currency cards and tracking, automating recurring revenue and subscription billing globally. Of those, global payment collection accepting multiple currencies like local payments and international money transfers to 200+ countries at interbank rates are not what Qonto is typically brought in for.

Answered from the vendors’ own pages

Airwallex: Does Airwallex publish pricing?

Airwallex does not publish specific pricing details on their main website. Pricing and demo information are available through their sales team or dedicated pricing page at help.airwallex.com.

Source
Qonto: How much does Qonto cost?

Qonto's self-employed plans range from EUR 9/month (Basic) to EUR 39/month (Premium). Business plans range from EUR 49/month (Essential) to EUR 199/month (Enterprise).

Source
Airwallex: What cost savings can Airwallex provide?

Customer testimonials report $40,000 annual savings in collections costs, at least 5% savings per dollar transferred versus traditional banks, and up to 80% savings in conversion fees.

Source
Qonto: What is included in Qonto's Basic plan?

The Basic plan costs EUR 9/month and includes 30 monthly transfers, 1 physical card and 2 virtual cards, plus account remuneration at 5% for the first 2 months.

Source
Qonto: What is the difference between self-employed and business plans?

Self-employed plans (Basic to Premium) are for individuals and cost EUR 9-39/month. Business plans (Essential to Enterprise) offer more transfers and cards for teams, ranging from EUR 49-199/month.

Source
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