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Wise Business vs Airwallex

Wise Business logo

Wise Business

Software

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite
A

Airwallex

Software

Global business accounts and payments

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Airwallex has a free tier, so it costs nothing to try first.
  • Each has a real cost: Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP; Airwallex international card payments carry a $0.30 fee per transaction on top of FX charges, separate from the free tier

Where they differ

Only the attributes on which Wise Business and Airwallex actually diverge.

Attributes where Wise Business and Airwallex differ
AttributeWise BusinessAirwallex
Starting price$29/monthFree
Pricing modelusage-basedfreemium
Free tierNoYes
PlatformsWeb, Ios, Android, ApiWeb
Founded2011Unknown

Identical on both: user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Xero
  • QuickBooks
  • Various

Only in Airwallex

Nothing recorded that Wise Business does not also cover.

What people use each for

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

Wise Business

  • Holding and converting multiple currencies as a businessnot Airwallex
  • Paying international suppliers and contractors at the mid market ratenot Airwallex
  • Receiving payments into local currency account details in several countriesnot Airwallex

Airwallex

No use cases recorded yet. See the Airwallex review.

Where each one falls short

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

Wise Business

  • Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • Volume discounts on transfers start only above 20,000 GBP equivalent sent per month

Airwallex

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

Pricing, plan by plan

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

Airwallex

Free

No published plan breakdown. See the Airwallex review.

Which should you pick?

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Choose Airwallex if

  • You want to start without paying.
Airwallex review

Questions people ask

Is Wise Business or Airwallex better?
Neither clearly leads. Wise Business starts at $29/month and Airwallex at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wise Business or Airwallex?
Airwallex has a free tier; the other does not. Paid plans start at $29/month for Wise Business and Free for Airwallex.
Does Wise Business or Airwallex run on more platforms?
Wise Business runs on Web, Ios, Android, Api. Airwallex runs on Web.
Can I use Airwallex for free?
Yes. Airwallex has a free tier, so you can try it without paying. Wise Business starts at $29/month.
What is Wise Business best used for?
Wise Business is most often used for holding and converting multiple currencies as a business, paying international suppliers and contractors at the mid market rate, receiving payments into local currency account details in several countries. Of those, holding and converting multiple currencies as a business and paying international suppliers and contractors at the mid market rate are not what Airwallex is typically brought in for.
What can Wise Business do that Airwallex cannot?
Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access.
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Related pages

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