5 Alternatives to Airwallex Business Account [2025]
Airwallex US offers multi-currency accounts for business owners which can hold and exchange 20+ currencies, send payments globally, and come with debit and expense cards. However, Airwallex isn’t the right option for all businesses. If you’re on the lookout for alternatives to Airwallex for business, this guide is for you.
Join us as we explore 5 companies like Airwallex which may be a good fit for your business needs.
In our comparison we discovered that:
| Provider | 💡 Great for |
|---|---|
| Wise Business | Hold and exchange 40+ currencies with no ongoing fees and the mid-market rate |
| Revolut Business | Manage 25+ currencies, and pick the account tier which most closely meets your transaction needs |
| PayPal | Huge global acceptance, with easy ways to get paid by customers in multiple currencies |
| Payoneer | Open accounts in 9 major currencies to take payments from customers, PSPs and marketplaces |
| OFX | 7 supported currencies with easy ways to get paid, plus 24/7 phone support if you ever need it |
About Airwallex business account
Airwallex is a global provider of business account and card services. In the US, you can open an Airwallex account to hold and exchange 20+ currencies, and send payments to 120+ countries with local payment methods. Where local payments aren’t supported you might be able to transfer with SWIFT instead, but fees apply here.
Along with easy ways to pay and get paid, your Airwallex account offers the option to issue debit and expense cards for easy business spending – although cards can’t be used in an ATM which may be a drawback.
Some reasons to look out for an Airwallex alternatives include:
- You’ll need an Airwallex alternative if you’re dealing in currencies which aren’t supported by Airwallex for holding or exchange
- If you’re taking international card payments, you might want to compare the costs for alternatives to Airwallex
- Airwallex has a 0.5% or 1% foreign currency conversion fee – if you convert currencies often, an alternative might be worthwhile
- You may want an Airwallex alternative if you need to send frequent overseas payments to a country not supported by Airwallex local payments. In this case, fees of up to 25 USD apply
- If you want to make cash withdrawals from an ATM for your business spending, you’ll need an Airwallex alternative
| Airwallex Business pros | Airwallex Business cons |
|---|---|
| ✅ Hold and exchange 20+ currencies ✅ Take customer payments using bank transfers, cards and local payment methods ✅ Issue debit and expense cards for online and in person spending ✅ No monthly fee to pay | ❌ 0.5% – 1% currency conversion charge ❌ Fees for international card payments can be high at 4.3% + 0.3 USD per payment |
Does Airwallex work in the US?
Yes. Airwallex is available to customers who have a registered business in the US, offering multi-currency account and card services.
Alternatives to Airwallex Business account in the US: Side by side
Let’s start out with a quick head to head comparison of the Airwallex alternatives we’ve selected. In this guide we’ve used providers which offer some similar services to Airwallex, including multi-currency features, cards, ways to pay and get paid, and more.
Different providers have their own features and strengths, so comparing a few is the best way to pick the alternative which suits you best.
| Provider | Account features | International payments | Integrations | Customer support | Are they safe? |
|---|---|---|---|---|---|
| Airwallex | Hold and exchange 20+ currencies Issue debit and expense cards | Receive in 20+ currencies Send free local payments to 120 countries, or use SWIFT transfers for 10 USD – 30 USD | Xero, QuickBooks, Netsuite | Message online and in-app, to receive a call back | Yes |
| Wise Business | Hold and exchange 40+ currencies Issue debit and expense cards for spending and ATM use | Receive in 20+ currencies, with local account details and SWIFT details Send to 160+ countries, with low from 0.33% | Xero and other cloud accounting solutions | Open an in-app chat to connect with a team member | Yes – view and manage card and transactions with your phone |
| Revolut Business | Choose from different account plans Hold and exchange 25+ currencies | Send and receive payments globally 5 USD transfer fee | Accounting, HR and business app integrations available | Open an in-app chat to connect with a team member | Yes – in built security features as standard |
| PayPal | Huge global acceptance, very broad range of services | Receive to PayPal in 25 currencies Send to PayPal accounts globally | Ecommerce, marketplaces and accounting integrations available | Support online, in app and by phone | Yes – leader in online safety, including seller protections |
| Payoneer | Local account details in 9 currencies Easy ways to send payments globally | Receive payments in 9 currencies Send to bank and Payoneer accounts | Ecommerce, marketplaces and accounting integrations available | Support online, in app and by phone | Yes – manage and control your account with you phone |
| OFX | 7 supported currencies for holding and exchange Currency risk management solutions | Receive payments in 7 currencies Send in 50+ currencies with no fees | Xero integration | Support online, in app and by phone | Yes – in app and phone support, 24/7 |
*Information correct at time of research – 20th November 2024
In summary:
- Wise Business might be a good Airwallex alternative because you can hold and exchange 40+ currencies, with the mid-market exchange rate on currency conversion and spending
- Revolut Business could fit as an alternative to Airwallex because you can pick from several different account types depending on your transaction needs
- PayPal may appeal as an Airwallex alternative because it has enormous global recognition and lots of additional services such as loans and credit
- Payoneer might be a good Airwallex alternative if you have a digital business taking local card payments, and need a multi-currency account for international use
- OFX may suit as an alternative to Airwallex if you prefer to have a 24/7 phone service, and need to receive payments in one of 7 major currencies by bank transfer or from a marketplace
Wise Business
Wise Business offers international accounts you can use to hold and exchange 40+ currencies, with local and SWIFT account details to get paid by others in 20+ currencies.
You’ll be able to manage your account online and in-app, and order debit and expense cards for making business payments.
There are no monthly fees to pay with Wise Business – you just pay low service charges for the transactions you need to make.
Make Wise transfers to 160+ countries, often quickly or instantly. Wise currency conversion uses the mid-market rate, when you send a payment, spend with your card, or exchange in your account. You’ll simply pay a low fee from 0.33%, which varies by currency.
Best Wise Business features
- 40+ currencies supported for holding and exchange
- Send money to 160+ countries, to banks and mobile wallet accounts
- Get debit and expense cards for easy spending and cash withdrawals
- Batch payments, cloud accounting integrations and a powerful API
| Wise Business pros | Wise Business cons |
|---|---|
| ✅ Mid-market exchange rates ✅ No ongoing fees ✅ Broad range of currencies supported ✅ Take payments in 20+ currencies with local and SWIFT account details | ❌ One time account opening fee applies ❌ Card issue charges apply |
Is Wise Business safe?
Wise Business operates in many countries globally, and is trusted by 16+ million people and businesses. Wise has security features built in including 2 factor authentication and easy ways to view and manage your transactions with just your phone.
Wise Business or Airwallex?
Wise Business supports a broader range of currencies for holding compared to Airwallex, and issues debit and expense cards which can be used in an ATM. If these features would be valuable to you, consider Wise Business as an Airwallex alternative for your company.
Learn more about requirements and how to open a Wise Business account.
Revolut Business
Revolut Business has 4 different account plans in the US, which allows you to pick the one which best suits your own needs. There’s a basic plan which has no monthly charge, or you could trade up to an account with fees of up to 119 USD a month, to get higher no-fee transaction limits and some additional features. Use your Revolut account to hold and exchange 25 currencies, and receive payments with local and SWIFT account details.
Revolut offers some weekday currency conversion which uses the Revolut exchange rate with no fee – the amount you can exchange varies according to your account plan. Once you’ve exhausted the conversion that’s included in your account plan, you’ll pay a fair usage fee to convert currencies.
Best Revolut Business features
- Choose from different plans based on your transaction needs
- Get a debit card for easy spending and withdrawals
- Manage 25 currencies in one account, get paid with local and SWIFT account information
- 5 USD flat transfer fee for overseas payments
| Revolut Business pros | Revolut Business cons |
|---|---|
| ✅ Different account plans including some with no ongoing fees ✅ 25 supported currencies ✅ All accounts offer card services for convenience ✅ Take payments with local and SWIFT account details | ❌ Monthly fees apply for some accounts ❌ Fair usage and out of hours fees can apply on currency conversion |
Is Revolut Business safe?
Revolut Business is a large and trusted organization which prioritizes customer safety. Accounts offer enhanced security including verification and secure log in processes, and you’ll be able to get support in the app if you have any questions about your account.
Revolut Business or Airwallex?
Revolut Business offers varying account plans which provides flexibility as a business grows. Choose a basic plan to begin with, and trade up to an account with a monthly charge if you need to later – compare Revolut’s features against Airwallex to decide if it’s a good alternative for you.
PayPal
PayPal is a very well known player in the world of ecommerce and online sales. You can open a PayPal merchant account easily and manage your money in 25 currencies.
PayPal offers many ways to take customer payments, including low and no code checkout solutions, which can suit small and large businesses alike. Because it has enormous brand recognition, customers are familiar with PayPal as a payment method, making it a popular choice.
PayPal’s international charges can be fairly high, including a 3% or 4% currency conversion fee. If you’ll be taking foreign card payments, or need to convert funds to pay a supplier or contractor in a foreign currency, you’ll need to weigh up the costs before you get started.
Best PayPal features
- Huge user base, very popular with customers
- Easy ways to take online and digital payments
- Hold and exchange 25 currencies
- Get extras like loans and working capital
| PayPal pros | PayPal cons |
|---|---|
| ✅ 25 supported currencies for holding and exchange ✅ Send money to PayPal accounts globally ✅ Take customer card payments – fees apply ✅ Get a debit card, loan or other financial services all from the same provider | ❌ Fairly high international fees including a 3% or 4% conversion chargee ❌ Commercial transaction rates of 2.99% or more |
Is PayPal safe?
Yes. PayPal is safe to use as a merchant. PayPal offers some seller protections which can be extremely helpful, and will also help to settle any customer disputes. As a leader in online payments, PayPal has industry level security built into all of its services.
PayPal or Airwallex?
PayPal can be a good Airwallex alternative if you’re taking customer payments online and want to use the PayPal low or no code checkout solutions. You can receive payments in 25 currencies which is convenient, although some conversion costs are inevitable, and can be higher than using Airwallex.
Payoneer
Payoneer accounts offer 9 supported currencies which you can hold, exchange and receive to your account. This allows you to get paid by customers using a bank transfer – and you can also take card payments where this is more convenient.
Payoneer partners with thousands of sites like Amazon, Fiverr and other marketplaces, to allow you to receive incoming payments smoothly.
Use your Payoneer balance to send money to others globally, or to withdraw to your local or overseas bank. You can also order a Payoneer card to spend and withdraw for your business, including when you travel.
Best Payoneer features
- 9 supported currencies
- Payoneer cards are available for spending and withdrawals
- Take payments from customers, PSPs and marketplaces
- Capital advance service available
| Payoneer pros | Payoneer cons |
|---|---|
| ✅ Get local account details for 9 currencies to receive payments ✅ Take customer card payments ✅ Send money globally to bank and other Payoneer accounts ✅ Spend and withdraw with a Payoneer card | ❌ Annual card fee applies ❌ Transaction fees may apply depending on how you sue your account |
Is Payoneer safe?
Payoneer is safe to use to take customer payments and manage your day to day business finances. There are helpful built in security features, and you can view and manage your account at any time in the Payoneer app.
Payoneer or Airwallex?
Payoneer offers helpful services to any business owner taking card payments and receiving money in 9 major global currencies. The integrations with different marketplace sites can also make this a good Airwallex alternative for online sellers and ecommerce businesses.
Related: Wise Business vs PayPal vs Payoneer
OFX
OFX is a currency specialist, offering international payments and Global Currency Accounts for business customers. Your account will come with 7 sets of local account information to receive foreign currency payments, and there’s no transfer fee to send money in any of 50+ currencies.
Accounts do not come with a debit card but are helpful for sending payments to suppliers and contractors.
OFX is well known for offering excellent customer service, including a 24/7 phone line so you can always talk through any issues you may have with your account. Currency risk management solutions are also available to businesses which can help to mitigate the risks involved in fluctuating exchange rates.
Best OFX features
- Receive payments in 7 currencies
- Send money with no transfer fee, in 50+ currencies
- Integrations with Xero for easy accounting
- Popular and trusted provider
| OFX pros | OFX cons |
|---|---|
| ✅ Local account information for 7 currencies ✅ Access currency risk management solutions ✅ Fast payments in 50+ currencies ✅ Manage your account by phone if you choose to | ❌ No debit card ❌ Exchange rates include a markup |
Is OFX safe?
OFX is safe to use and has a reputation for offering great customer service. This includes a 24/7 phone number so you can talk through issues or problems with a team member if you ever need to.
OFX or Airwallex?
OFX could be an Airwallex alternative if you don’t need a debit card, and want to make transfers globally with no upfront fee. It’s also a good choice for people who prefer to manage their money by phone rather than online.
Alternatives to Airwallex for international business payments
If you mainly need a business account to send international transfers – paying contractors or suppliers for example – you’ll want to compare a few Airwallex alternatives based on transfer options. Here’s an overview:
| Provider | Coverage | Transfer fees | Transfer speed | Exchange rate |
|---|---|---|---|---|
| Airwallex | 150+ countries | No fee for local transfer methods 10 USD – 30 USD SWIFT fee | Variable | Interbank rate + 0.5% or 1% fee |
| Wise Business | 160+ countries | From 0.33% | 50% arrive instantly, 90% arrive in 24 hours* | Mid-market rate |
| Revolut Business | 150+ countries | 5 USD | Variable | Revolut rate to plan limit, fair usage and out of hours fees may apply |
| PayPal | Send to PayPal accounts globally | Depends on payment method | Instant | 3% or 4% fee added to the rate used |
| Payoneer | 190+ countries | Up to 3% | Variable | 0.5% fee added to the rate used |
| OFX | Send in 50+ currencies | No fee | 1 – 2 days | Exchange rate includes a markup |
*The speed of transaction claims depends on individual circumstances and may not be available for all transactions
- Wise: Transfer to 160+ countries with the mid-market rate and low fees from 0.33%, track payments in the Wise app – many transfers arrive instantly or in seconds
- Revolut: Transfer globally with no conversion fee to your plan’s limit, flat charges of 5 USD apply, but these are waived on some account tiers
- PayPal: Transfer to other PayPal accounts instantly, all around the world – fairly high conversion costs apply here
- Payoneer: Send to 190+ countries, with convenient payment methods and easy ways to view and track your transfers
- OFX: Transfer in 50+ currencies, online, in app and by phone, including recurring and future dated transfers
Is there a safer alternative to Airwallex?
All of the providers we’ve covered in this guide use built-in safety and security measures to make sure customers and their accounts are safe. These include 2 factor authentication when logging into your account, verification processes, and ways to freeze and unfreeze your debit card in the provider’s app.
Conclusion: Is there a better alternative to Airwallex business in the US?
Airwallex offers some great account services for US business owners, but shopping around is the only way to be sure if Airwallex – or an Airwallex alternative – is the right pick for your unique needs.
Depending on what you want to use your account for you may prefer an option with more supported currencies – like Wise – or access to extras like currency risk management, like OFX. Compare a few different companies like AIrwallex before you sign up, to be sure you’ve got the perfect account for your business needs.
Alternatives to Airwallex for business: FAQs
Which provider is the best to open a business account with?
There’s no single best business account provider – which is right for you depends on your specific needs.
- Wise offers an impressive range of currencies, and the mid-market exchange rate.
- Revolut has different plans which can suit businesses of varying sizes.
- PayPal has enormous customer recognition and trust.
- Payoneer is flexible and supports 9 currencies for holding and exchange,
- OFX offers extras like currency risk management as 24/7 phone support.
Is Wise Business better than Airwallex?
Whether Wise Business is better than Airwallex depends on what you need your account for. Wise supports more currencies than Airwallex, but Airwallex has some very helpful ways to take customer card payments, for example. Compare both features and fees to see which might suit your needs best.
Is Revolut Business better than Airwallex?
Revolut Business offers several different account tiers which can be helpful if you’re not sure how often you will need to transact. Neither Revolut or Airwallex is better per se – so you may want to try them both to see which suits your specific business requirements.
Is PayPal better than Airwallex?
PayPal is a very big name in ecommerce and does offer a lot of services including credit and loans for US businesses. Whether PayPal or Airwallex is best for you will depend on the services you need and how you prefer to transact – compare both, and some other alternatives to Airwallex, to get the best fit.
Is Payoneer better than Airwallex?
Neither Payoneer or Airwallex is better – they’re different, and while they have a lot of overlapping services, some features and fees are not the same. Both could be a good pick if you need to take customer card payments and get a debit or expense card for your business use – which works best for you might just depend on your personal preferences.
Is OFX better than Airwallex?
OFX isn’t the same as Airwallex. While OFX has business accounts, they’ve got a focus on 7 major currencies, with transfers which have no fee and extras like currency risk management. Airwallex operates a little differently, including offering 20+ currencies and ways to take customer card payments. Compare both to see if either is the right choice for your business.
