Top 7 Airwallex Alternatives for Freelancers and SMEs

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Last updated on May 16th, 2025Why trust usDisclosure

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Airwallex is one of the strongest options for digital-first businesses, but it’s not perfect for everyone.

If you’re a freelancer, marketplace seller, or working with currencies Airwallex doesn’t fully support, there are better choices.

Many look for alternatives because Airwallex lacks ATM access, doesn’t pay interest on balances, and isn’t available to sole traders.

Others find the platform too enterprise-focused or want features like forward contracts, simpler fee structures, or stronger local support in markets like Africa, India, or Hong Kong.

If you’ve faced similar challenges, keep reading as we go over top Airwallex alternatives and competitors.

Top Airwallex Alternatives at a glance

Here are the top alternatives, and when they might be a better fit:

Wise Business - Best for international freelancers and small teams who want mid-market rates and access to 10+ local accounts.
Payoneer - Ideal for marketplace sellers and freelancers who need to get paid via platforms like Amazon, Upwork, or Fiverr.
Revolut Business - Good for startups and small businesses that want flexible plans and integrated banking features in one app.
OFX Business - Great for businesses sending large international transfers and looking for forward contracts.
Sokin - Strong for batch payments and holding 75+ currencies, especially for businesses dealing with Africa and Asia.
Multipass - Best for high-frequency, high-value payments to countries like India, Philippines, and Malaysia.
Statrys - A good fit for Hong Kong–based companies or businesses operating in Asia that want fast onboarding and low FX rates.

Why you might need an alternative to Airwallex

Airwallex is one of the most powerful platforms for digital-first businesses.

With support for 130+ currencies, local accounts in 12 regions, strong developer tools, and advanced expense controls, it’s a great fit for startups, SaaS companies, and global teams scaling across borders.

But it’s not the right choice for everyone.

You should look for an alternative if:

You’re a freelancer or sole trader since Airwallex generally requires a registered business
You need ATM access or in-person spending, as it is not available with Airwallex cards
You want to earn interest on idle funds (Wise and Sokin offer this, but Airwallex doesn’t)
You work with regions like Africa or the Middle East, where Airwallex has limited local support
You want forward contracts or FX hedging tools, which Airwallex does not offer
You prefer simpler pricing or live support because some find Airwallex too enterprise-focused or slow to respond.

We’ve found and used top Airwallex competitors that have the features Airwallex is lacking, and reviewed them below.

Before we go into detailed reviews, here's a quick comparison of how these alternatives compare to Airwallex:

Provider	When should you use it?	Key Strength vs Airwallex
Wise	Low-cost international transfers & travel spending	Mid-market exchange rate, better card support
Payoneer	Marketplace sellers & USD-based businesses	Deep marketplace integrations, USD/GBP card access
Revolut	All-in-one finance for startups & small teams	Flexible tiered plans, personal + business account tools
OFX Business	Large international payments & hedging needs	Forward contracts & unlimited transfer limits
Sokin	High-volume batch payments in many currencies	75+ currencies held, 5,000 batch limit, 0% transfer fees
Multipass	Business card access & local payment support in Asia	15 cards/account, local access in INR, PHP, etc.
Statrys	Businesses with APAC operations (especially Hong Kong)	Low FX margin (0.15%), strong HKD/CNY support

Wise Business

Best for freelancers & low-cost global payments

Wise

Wise is a great pick for freelancers and small teams who want simple, transparent pricing.

You get access to mid-market exchange rates, local account details in multiple countries, and the option to earn interest on your USD balance.

It's also one of the easiest options to set up and use.

Airwallex is better if you're managing a large team or need advanced tools like real-time spend controls, integrated payments, or multi-entity support.

Wise Business is good if…	Use Airwallex if…
Uses the mid-market rate for currency exchange, with low, transparent fees Access to 10+ local account details, ideal for receiving payments from clients Better for ATM withdrawals and in-person card usage (esp. USD, EUR, GBP) Offers interest on balances (up to 4.85% in USD accounts)	Supports more currencies (130+) and more local accounts Better suited to large teams with advanced expense and card management tools Ideal for developers and scaling businesses thanks to embedded payments & API Lower costs for high-volume transfers and integrated workflows

Here's a quick overview of both companies.

Feature	Wise Business	Airwallex
Monthly Fee	$0	$0
FX Margin	0.33% (mid-market)	From 0.5%–1%
Local Account Access	10–19 (US/EU)	12 global
ATM Access	✅ Yes	❌ No
Interest on Balances	✅ Up to 4.85% (USD)	❌
Marketplace Integration	✅ Amazon, Etsy, Upwork	✅ Amazon, Shopify, more
Expense Management	✅ Limited (varies by region)	✅ Advanced with approvals
API & Developer Tools	✅ Strong basics	✅ Advanced + embedded payments
Card Management	Basic (some features limited in US)	Advanced real-time controls
Max Transfer Limit	$50M/day	$5M per transfer (request higher)

If you want to know more, we recommend reading our in-depth Wise Business vs Airwallex comparison.

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Basic account overview

Feature	Wise Business	Airwallex
Monthly Fee	$0	$0
Setup Fee	$31 per local account (US)	$0
Account Type	Online-only	Online, with onboarding support
Local Accounts	10 (US) / 19 (EU)	12
Currencies Supported	70+	130+
ATM Access	✅	❌
Interest on Balances	✅ (up to 4.85% USD)	❌

Fees & exchange rates

Feature	Wise Business	Airwallex
Exchange Rate	Mid-market	Mid + 0.5%–1%
Transfer Fees	From 0.33%	$0 (or $10–$25 for SWIFT)
Incoming Card Payments	N/A	2.8%–4.3% + $0.30
Currency Conversion Fee	0.33%	0.5%–1%
SWIFT Transfer Fee	$10 CAD, $6.11 USD	$10–$25
Card Issue Fee	$5 (non-US only)	$0

Features & integrations

Feature	Wise Business	Airwallex
Batch Payments	✅ (1,000 recipients)	✅ (1,000 recipients)
Expense Management	✅ (limited in US)	✅ (robust, with approvals)
Pay Invoices / Receive Payments	✅	✅
Marketplace Integration	✅ (Amazon, Etsy, Upwork, etc.)	✅ (Amazon, Shopify, etc.)
API Access	✅	✅
Payroll Management	✅	✅
Accounting Integrations	Xero, QuickBooks, FreeAgent, more	Xero, QuickBooks, ApprovalMax, more

Speed & limits

Feature	Wise Business	Airwallex
Transfer Speed	Same day to 5 days	Same day (SWIFT: 1–5 days)
Daily Transfer Limit	$50M	$5M per transfer
Annual Transfer Limit	$150M	No hard annual limit
Minimum Transfer	No minimum	$10

Safety & trust

Feature	Wise Business	Airwallex
Regulation	FDIC, FCA, state-level	NMLS ID #1928093 (US), global
2FA / Biometric	✅	✅
Real-time Card Management	❌ (US)	✅
Customer Reviews (Recent)	Avg. 2.5/5 (business-specific)	Avg. improving, TP: 3.6/5
Support	24/7 phone & email	Mixed; email-only common

Read review Visit Wise

Payoneer

Best for marketplace payouts & USD access

Payoneer

Payoneer shines if you get paid through marketplaces like Amazon, Upwork, or Fiverr.

It's widely accepted across platforms, supports USD-to-USD payments, and comes with physical cards that work at ATMs.

Freelancers and sole traders will find it easier to get started here than with Airwallex.

Airwallex is stronger if you're looking for developer tools, lower FX fees, or a more modern backend for scaling a digital business.

Payoneer is good if…	Use Airwallex if…
Easier to receive payments from marketplaces like Amazon, Upwork, and Fiverr Physical card with ATM access, available in multiple major currencies Low entry barrier, meaning it works well for freelancers and sole traders Ability to send USD-to-USD transfers to other Payoneer users for $1.50	Lower FX fees starting from 0.5%, versus Payoneer’s 2% markup Supports more currencies (130+) and local accounts (12) Advanced API for developers, embedded payments, and automation Better control for teams due to real-time expense tracking and card controls

Here's a quick comparison of the two:

Feature	Payoneer	Airwallex
Monthly Fee	None ($29.99/year if inactive)	$0
FX Margin	~2%	From 0.5%
Transfer Fees	Up to 3% (int’l), $1.50 USD-USD	$0 (some SWIFT fees: $10–$25)
Multi-Currency Accounts	9 local accounts, 70+ currencies	12 local accounts, 130 currencies
Marketplace Support	✅ Amazon, Upwork, Etsy, etc.	✅ Amazon, Shopify, Shopee, more
Cards & ATM Access	✅ Physical + virtual (USD, EUR, GBP, CAD)	✅ Virtual & physical, no ATM
Expense Controls	Basic per-card controls	Advanced with approval layers
API Access	✅ Basic automated workflows	✅ Developer-grade API & sandbox

Show moreHide

Basic account overview

Feature	Payoneer	Airwallex
Monthly Fee	None ($29.99/year if inactive)	$0
Exchange Rate	2%	From 0.5%
Transfer Fees	Up to 3% (int’l), $1.50 for USD–USD	$0 (from $10 for SWIFT)
Multi-Currency Accounts	9 local accounts, 70+ currencies	12 local accounts, 130 currencies
Batch Payments	✅ Up to 1,000	✅ Up to 1,000
Expense Management	✅ Strong support with card-level controls	✅ Advanced tools with layered approvals
Marketplace Integration	✅ Amazon, Upwork, Etsy + more	✅ Shopify, Amazon, Lazada, Shopee, more
Manage Payroll	✅	✅
Forward Contracts	❌	❌
ATM Access	✅	❌
API Access	✅ Automated payments + integrations	✅ Advanced API, embedded finance

Currencies & local accounts

Aspect	Payoneer	Airwallex
Number of Local Accounts	9 (USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD, AED)	12 (USD, EUR, GBP, CAD, AUD, HKD, SGD, NZD, etc.)
Currency Coverage	70+ currencies supported from 190 countries	~130 currencies, including niche markets like Africa & Asia
Africa & Asia Access	Extensive (NGN, ZAR, INR, etc.)	Deep coverage incl. West African Franc, Nigerian Naira
Account Details Provided	Account/routing numbers per currency	Full bank details (IBAN, SWIFT, routing, etc.) per region

Cards & expense management

Feature	Payoneer	Airwallex
Virtual & Physical Cards	✅ Virtual & physical (USD, EUR, GBP, CAD)	✅ Virtual & physical (multi-user, free to issue)
Card Currency Support	4 currencies; conversion fee 3.5% for others	All major currencies, conversion 0.5–1% depending on currency
Annual Card Fee	$29.95 for first physical card	$0
ATM Withdrawals	$3.15 fee	❌ Not supported
Real-Time Expense Tracking	✅ Yes, per card with QuickBooks/Xero integrations	✅ Yes, with advanced approval layers & grouping

Fees & limits

Fee Type / Limit	Payoneer	Airwallex
International Transfer Fee	Up to 3%	$0 (or $10–25 for SWIFT)
Exchange Rate Markup	2%	0.5–1%
Incoming Card Payment Fee	3.99% + $0.49	Domestic: 2.8% + $0.30 / Int’l: 4.3% + $0.30
USD to USD Transfer	$1.50	$0
Transfer Limits	Sending: Varies; Receiving: Up to $100,000 per local transfer	$5M per transfer; $10 min
Inactive Account Fee	$29.99/year	None

Transfer speed

Transfer Type	Payoneer	Airwallex
Local Transfers	Same day or 1–2 days for common currencies	Often same day for local transfers
International Transfers	1–5 days depending on region	1–5 days depending on infrastructure/time zones
Batch Payments	✅ Up to 1,000 recipients per batch	✅ Up to 1,000 recipients per batch

Security & regulation

Security Feature	Payoneer	Airwallex
Two-Step Verification	✅	✅
Fraud & Risk Monitoring	✅ Adaptive authentication & risk profiling	✅ Device PINs, biometrics, real-time controls
Regulated In	USA, EU, many others	USA (NMLS ID #1928093), EU, APAC
KYC Process	Standard ID, proof of business	Government ID, company info, director/shareholder KYC
Independent Audits	PwC	Not stated, but uses modern security stack

User experience & support

Aspect	Payoneer	Airwallex
Ease of Use	7.0 – slightly clunky but full-featured	8.8 – intuitive, modern UI
Customer Support	Live chat, email, knowledge base	Email/chat support, can be hard to reach
Account Manager Availability	✅ For high usage tiers	✅ Possible, especially during onboarding
Setup Time	1–3 business days	Similar; may vary by country

Read review Visit Payoneer

Revolut Business

Best for UK/EEA startups & all-in-one finance

Revolut

Revolut is a familiar choice for many UK and European businesses.

It blends business and personal finance, supports ATM access, and gives you perks like interest on balances if you're on a higher-tier plan.

It’s good if you’re a small team or freelancer wanting everything in one place.

Airwallex is better if you need more global infrastructure, broader currency support, and stronger tools for handling international operations at scale.

Revolut is good if…	Use Airwallex if…
Easy to start with a free plan and scale up if needed Access to interest on balances (up to 3.51%) on Enterprise Mobile app is sleek and consumer-friendly Built-in spend controls for small teams and freelancers Great if your business is UK- or EEA-based and you want ATM access	Lower and more predictable FX rates beyond plan limits More global local account coverage (12 vs 2) Stronger API and multi-entity support for scaling Full marketplace integration (Amazon, Shopify, Shopee, etc.) Designed for companies with global ops and cross-border workflows

We've used both companies and outlined key differences below:

Feature	Revolut Business	Airwallex
Monthly Fee	$0–$119 (by plan)	$0
FX Margin	Mid-market up to limit, then 0.5%–1%	0.5%–1% above mid-market
Local Accounts	2 (GBP, USD only)	12 global accounts
Supported Currencies	25+ hold, 150+ spend	130+ send, receive, and hold
Marketplace Integration	❌	✅ Shopify, Amazon, and more
Expense Tools	Paid plans only	✅ Built-in with approval workflows
Virtual Cards	Up to 200	✅ Unlimited, multi-user
Physical Cards	3 free/user, then $4.99	✅ Free to issue
Interest on Balances	✅ Up to 3.51% (Enterprise only)	❌
API Access	✅ (plan-limited)	✅ Advanced + embedded payments

Show moreHide

Basic account overview

Feature	Wise Business	Airwallex
Monthly Fee	$0	$0
Setup Fee	$31 per local account (US)	$0
Account Type	Online-only	Online, with onboarding support
Local Accounts	10 (US) / 19 (EU)	12
Currencies Supported	70+	130+
ATM Access	✅	❌
Interest on Balances	✅ (up to 4.85% USD)	❌

Fees & exchange rates

Feature	Wise Business	Airwallex
Exchange Rate	Mid-market	Mid + 0.5%–1%
Transfer Fees	From 0.33%	$0 (or $10–$25 for SWIFT)
Incoming Card Payments	N/A	2.8%–4.3% + $0.30
Currency Conversion Fee	0.33%	0.5%–1%
SWIFT Transfer Fee	$10 CAD, $6.11 USD	$10–$25
Card Issue Fee	$5 (non-US only)	$0

Features & integrations

Feature	Wise Business	Airwallex
Batch Payments	✅ (1,000 recipients)	✅ (1,000 recipients)
Expense Management	✅ (limited in US)	✅ (robust, with approvals)
Pay Invoices / Receive Payments	✅	✅
Marketplace Integration	✅ (Amazon, Etsy, Upwork, etc.)	✅ (Amazon, Shopify, etc.)
API Access	✅	✅
Payroll Management	✅	✅
Accounting Integrations	Xero, QuickBooks, FreeAgent, more	Xero, QuickBooks, ApprovalMax, more

Speed & limits

Feature	Wise Business	Airwallex
Transfer Speed	Same day to 5 days	Same day (SWIFT: 1–5 days)
Daily Transfer Limit	$50M	$5M per transfer
Annual Transfer Limit	$150M	No hard annual limit
Minimum Transfer	No minimum	$10

Safety & trust

Feature	Wise Business	Airwallex
Regulation	FDIC, FCA, state-level	NMLS ID #1928093 (US), global
2FA / Biometric	✅	✅
Real-time Card Management	❌ (US)	✅
Customer Reviews (Recent)	Avg. 2.5/5 (business-specific)	Avg. improving, TP: 3.6/5
Support	24/7 phone & email	Mixed; email-only common

Read review Visit Revolut

OFX Business

Best for large transfers & FX hedging

OFX

OFX is ideal if you're making large international transfers and want access to forward contracts or currency risk tools.

The platform includes 24/7 phone support and unlimited transfer limits, which is great if you want a more hands-on, high-touch provider.

Airwallex is more flexible for daily operations, with expense tracking, card access, and integrations that make it a better fit for product-led or tech-driven teams.

OFX is good if…	Use Airwallex if…
Get access to forward contracts and FX strategy support No payment size limits making it ideal for large international transfers 24/7 phone support with access to real account managers Long-standing provider with strong regulatory background Trusted partner for businesses needing hands-on guidance	Lower FX margins (starting from 0.5% vs 1.3%+) Built-in virtual and physical cards for spend management Better multi-currency account access (12 vs 7 currencies) More integrations (QuickBooks, Shopify, Amazon, etc.) Scalable API and embedded payments for product-led teams

Looking at the two side-by-side, we've found a few key differences below:

Feature	Airwallex	OFX Business
Monthly Fee	$0	$0
FX Margin	0.5%–1%	From 1.3%
Local Accounts	12	7
Currencies Supported	~130	50+
Forward Contracts	❌	✅
Batch Payments	✅ Up to 1,000	✅ Up to 500
Expense Management	✅ Built-in tools	❌ Not supported
Cards (Virtual/Physical)	✅ Both included	❌ None
Support Availability	Business hours + docs	24/7 phone + account manager
Marketplace Integration	✅ Amazon, Shopify, etc.	✅ Amazon, eBay, Wish

Show moreHide

Core Features & account access

Feature	Airwallex	OFX Business
Monthly Fee	$0	$0
Exchange Rate	0.5%–1% above mid-market	From 1.3%
Transfer Fees	Free (some SWIFT $10–25)	$0
Local Currency Accounts	12	7
Currencies Supported	~130	50+
Marketplace Integration	✅ Amazon, Shopify, Etsy, etc.	✅ Amazon, eBay, Wish
Accounting Integrations	✅ (Xero, QuickBooks, more)	❌ Only Xero supported
API Access	✅ Robust & scalable	✅ Very strong (used by Moneycorp)
Interest on Balances	❌	❌
Forward Contracts	❌	✅

Payments & transfers

Feature	Airwallex	OFX Business
Batch Payments Limit	1,000	500
Fee-Free Transfers	✅ Most corridors	✅
Receiving Payments	Free (some wire fees apply)	Free
Max Inbound Transfer	$5M (can request higher)	No limit
Max Outbound Transfer	$5M	No limit
Sending to Marketplaces	✅	✅
SWIFT Support	✅	✅

Expense management & card access

Feature	Airwallex	OFX Business
Physical Cards	✅ Free for businesses	❌ None
Virtual Cards	✅ Multiple users supported	❌
Expense Management Tools	✅ (Real-time tracking, multi-user)	❌
ATM Access	❌	❌

Transfer speed & limits

Feature	Airwallex	OFX Business
Transfer Speed	1–3 days (often same-day)	Usually same day
Supported Countries	130+	50+ sendable currencies
Local Transfer Options	✅	✅
Weekends & FX Cost	Higher (up to 1%)	Higher FX margin on weekends
Account Balance Limits	No cap	No cap

Support & setup

Feature	Airwallex	OFX Business
Account Manager	✅ Available	✅ 24/7 phone + account manager
Developer Support	✅ Docs + sandbox	✅ Docs + sandbox
Phone Support	✅ Business hours	✅ 24/7
Help Center	✅ Strong documentation	Basic, encourages phone/email support
Setup Time	A few days	Typically under 1 week
Business Verification	Standard KYC	Standard KYC

Read review Visit OFX

Sokin

Best for high-volume batch payments

Sokin

Sokin keeps things simple. One flat monthly fee, no transaction costs, and support for 75+ currencies.

It's great if you're doing large volumes of batch payments or need predictable costs across multiple markets.

Airwallex is a better choice if you need real-time control, developer tools, or physical cards for team spending.

Sokin is good if…	Use Airwallex if…
Lower FX margins (from 0.3%) Hold and manage 75+ currencies Batch pay up to 5,000 people (vs 1,000) Earn 1 - 3% interest on idle funds Flat fee-free model, great for predictable budgeting	Access to physical and virtual cards Stronger API, sandbox, and developer tools Smarter expense tracking with real-time controls Broader currency account coverage (12 vs 4 local accounts) More reliable customer support and onboarding

Sokin is one of our favorites for business cross-border payments. Here's how the two compare.

Feature	Airwallex	Sokin
Monthly Fee	$0	$0
FX Margin	From 0.5%	From 0.3%
Local Currency Accounts	12	4 (USD, CAD, GBP, EUR)
Holding Currencies	40+	75+
Batch Payment Limit	1,000 recipients	5,000 recipients
Card Access	✅ Physical + virtual	❌ None
Interest on Balances	❌	✅ 1–3% via Boost Wallet
Expense Tools	✅ Smart controls	✅ Basic (via transfers only)
Marketplace Integration	✅ Amazon, Shopify, etc.	✅ Payment gateway available
API Access	✅ Advanced	✅ Available (limited docs)
Support	✅ Email, phone, docs	❌ No live support

Show moreHide

Core features & account access

Feature	Airwallex	Sokin
Monthly Fee	$0	$0
Exchange Rate	0.5%–1% above mid-market	From 0.3%
Transfer Fees	Free (some SWIFT $10–25)	$0
Local Currency Accounts	12	4
Holding Currencies	40+	75+
Marketplace Integration	✅ Amazon, Shopify, Etsy, etc.	✅ Supported
Accounting Integrations	✅ (Xero, QuickBooks, more)	✅ (API available, limited docs)
API Access	✅ Extensive + sandbox	✅ Available
Interest on Balances	❌	✅ 1–3% (Boost Wallet system)
Forward Contracts	❌	❌

Payments & transfers

Feature	Airwallex	Sokin
Batch Payments Limit	1,000	5,000
Fee-Free Transfers	✅ Most corridors	✅
Receiving Payments	Free (some wire fees apply)	1.2% on ecommerce payments
Max Inbound Transfer	$5M (can request higher)	No limits
Max Outbound Transfer	$5M	No limits
Sending to Marketplaces	✅	✅ Payment gateway offered
SWIFT Support	✅	✅

Expense management & card access

Feature	Airwallex	Sokin
Physical Cards	✅ Free for businesses	❌
Virtual Cards	✅ Multiple users supported	❌
Expense Management Tools	✅ (Multi-user, smart tracking)	✅ (Basic, via transfers only)
ATM Access	❌	❌

Currency support & local accounts

Feature	Airwallex	Sokin
Local Account Currencies	12	4 (USD, CAD, GBP, EUR)
Holding Currency Coverage	~40+	75+
South American Currencies	Yes (multiple)	Only BRL supported

Transfer speed & FX margins

Feature	Airwallex	Sokin
Transfer Speed	1–3 days (often same-day)	Usually same day; up to 5 days max
FX Margins (Weekdays)	From 0.5%	From 0.3%
FX Margins (Weekends)	Higher	Higher (undocumented)

Support & setup

Feature	Airwallex	Sokin
Account Manager	✅ Available	❌ No live support
Developer Support	✅ Docs + sandbox	✅ API available, poor documentation
Phone Support	✅ Business hours	❌ Not available
Email Support	✅ 24h turnaround	❌ Only via web contact form
Help Center	✅ Strong documentation	Limited help content
Setup Time	A few days	A few days (pending KYC)

Read review Visit Sokin

If you’re operating out of Asia, especially Hong Kong or Southeast Asia, Multipass and Statrys offer strong regional coverage (more below).

Multipass

Best for local payments in Asia with card access

Multipass

Multipass is useful if you need to send or receive payments in harder-to-reach markets like India or the Philippines.

It supports 16 local payment routes and comes with up to 15 cards per account, including ATM access.

Their customer support is responsive and available around the clock.

Airwallex is cheaper to run and better integrated if you're building digital infrastructure or need scalable tools for your team.

Multipass is good if…	Use Airwallex if…
Receive local payments in countries like India, Malaysia, and the Philippines Up to 15 cards per account with ATM access Unlimited batch payments (with per-transaction limits) 24/7 support via WhatsApp, Telegram, phone, or email No outbound or inbound transfer limits	No monthly or setup fees Lower FX margin (0.5–1% vs. 1.5 %+) Full local account access in 12 currencies Marketplace and accounting integrations Robust API with sandbox and developer support

Here's our quick comparison of Multipass vs Airwallex

Feature	Airwallex	Multipass
Monthly Fee	$0	$100/month
FX Margin	From 0.5%	From 1.5%
Setup Fee	$0	$500
Local Account Access	12 full accounts	2 full; receive locally in 16
Supported Currencies	40+	70+
Batch Payments	1,000 max	Unlimited (limit: $15k per tx)
Card Access	✅ Physical + virtual	✅ Up to 15, with ATM access
API Access	✅ Advanced + sandbox	❌ Not available
ATM Withdrawals	❌	✅ 1.5% fee, €1,000/mo cap
Customer Support	✅ Business hours	✅ 24/7 via multiple channels

Show moreHide

Core features & account access

Feature	Airwallex	Multipass
Monthly Fee	$0	From $100/month + $500 setup fee
Exchange Rate	From 0.5%	From 1.5%
Transfer Fees	Free (some SWIFT $10–25)	From 0.10%, depending on the country zone
Local Currency Accounts	12	2 (USD, GBP) + receive locally in 16 currencies
Holding Currencies	40+	70+
Marketplace Integration	✅ Shopify, Amazon, etc.	❌
Accounting Integrations	✅ (Xero, QuickBooks, others)	❌
API Access	✅ Extensive with sandbox	❌
Forward Contracts	❌	❌

Payments & transfers

Feature	Airwallex	Multipass
Batch Payment Limit	1,000	Unlimited (but $15k per transaction limit)
Fee-Free Transfers	✅ Most corridors	❌ (0.1%–1% fees by region)
Receiving Payments	Free or minimal fees (depends on route)	Receiving fees apply (ACH, SEPA, SWIFT, etc.)
SWIFT Support	✅	✅
Local Payment Support	✅ 12 countries	✅ 16 countries (including INR, PHP)

Expense management & card access

Feature	Airwallex	Multipass
Physical Cards	✅ Multiple	✅ Up to 15 per account
Virtual Cards	✅	✅
ATM Access	❌	✅ 1.5% fee, up to €1,000/mo
Expense Management	✅ Built-in tools	✅ Basic (via card limits, manual tracking)

Currency support & transfer Limits

Feature	Airwallex	Multipass
Supported Currencies	40+ (send/hold)	70+ (send/hold), 16 local payment networks
Max Inbound Transfer	$5M	No limit
Max Outbound Transfer	$5M	No limit
Countries with Local Access	12	16

Transfer speed & FX margin

Feature	Airwallex	Multipass
Transfer Speed	Same/next-day (1–3 days typical)	Same/next-day (larger amounts may vary)
FX Margin (Weekdays)	From 0.5%	From 1.5%
FX Margin (Weekends)	Higher	Higher (plus zone-based sending fees)

Support & setup

Feature	Airwallex	Multipass
Account Manager Access	✅ Available	✅ Available
Phone Support	✅ During business hours	✅ 24/7 incl. WhatsApp, Telegram
Email Support	✅ 24h turnaround	✅ Fast replies (within 1 hr avg.)
Help Center	✅ Strong resources	❌ Basic, improving
Setup Time	A few days	A few days (KYC + verification)

Cost breakdown summary

Cost Item	Airwallex	Multipass
Monthly Fee	$0	$100
Setup Fee	$0	$500
FX Margin	0.5%–1%	1.5%+
Transfer Fee (Int’l)	Free	0.10%–1%
Receiving Fee	Minimal (SWIFT)	$2–$30 (depends on method)
Card Maintenance	Free	$12
ATM Fees	N/A	1.5% withdrawal, $6 inquiry

Read review Visit Multipass

Statrys

Best for HK-based SMEs & low FX fees

Statrys

Statrys is a solid pick for SMEs based in or closely tied to Hong Kong, offering a simple fee structure, excellent local support, and some of the lowest FX margins on the market (as low as 0.15%).

If you're receiving and sending funds in Asia (especially HKD, CNY, or SGD), it’s a practical choice with a straightforward mobile app and human-first customer service.

Airwallex is better suited to businesses scaling globally with more complex needs.

With deeper multi-currency infrastructure, full accounting integrations, API support, and batch payments, Airwallex caters more to startups and international teams that value automation, flexibility, and cost efficiency.

Statrys is good if…	Use Airwallex if…
Lower FX margin (as low as 0.15%) for Hong Kong-based accounts No limits on transfers and simple same-day local payments Responsive support with assigned account rep Works well for freelancers and SMEs dealing with HKD, SGD, CNY	Lower FX margin (as low as 0.15%) for Hong Kong-based accounts No limits on transfers and simple same-day local payments Responsive support with assigned account rep Works well for freelancers and SMEs dealing with HKD, SGD, CNY

Here's how Stratys vs Airwallex compare side-by-side:

Feature	Airwallex	Statrys
Monthly Fee	$0	HKD 88 (waived with 5+ transfers)
FX Margin	From 0.5%	From 0.15% (HK clients)
Local Account Access	12 currencies	HKD, USD, EUR, CNY, GBP, SGD, etc.
Marketplace Integration	✅ Amazon, Shopify	✅ PayPal, Stripe, Shopify
Batch Payments	✅ Up to 1,000 recipients	❌ Not supported
API & Accounting	✅ Robust with integrations	❌ Not available
ATM Access	❌	✅ With 1.99% fee
Support & Setup	✅ Global + business onboarding	✅ Localised, multilingual reps

Show moreHide

Core features & account access

Feature	Airwallex	Statrys
Monthly Fee	$0	HKD 88 (waived if 5+ outgoing transfers/month)
Setup Fee	$0	$0
Exchange Rate Margin	From 0.5%	From 0.15% (HK accounts); 1.5% for card usage
Transfer Fees	Mostly free (some SWIFT $10–25)	HKD 25–85 depending on route
Local Currency Accounts	12 local accounts	HKD, USD, EUR, CNY, GBP, SGD, JPY, AUD, CHF, NZD, CAD
Holding Currencies	40+	11 core currencies
Marketplace Integration	✅ Shopify, Amazon, etc.	✅ PayPal, Stripe, Shopify
Accounting Integrations	✅ Xero, QuickBooks, etc.	❌
API Access	✅ Extensive	❌
Forward Contracts	❌	❌

Payments & transfers

Feature	Airwallex	Statrys
Batch Payment Support	✅ Up to 1,000 recipients	❌ Not supported
Fee-Free Transfers	✅ Most corridors	❌ Local and int’l transfer fees apply
Local Payment Support	✅ 12 countries	✅ Via FPS, CHATS, and local rails
SWIFT Support	✅	✅ Available for international transfers
FX Rate (Typical)	From 0.5%	From 0.15% (HK accounts)

Expense management & card access

Feature	Airwallex	Statrys
Physical Cards	✅ Multiple company cards	✅ Business card available
Virtual Cards	✅	✅ Manage via app
ATM Access	❌	✅ 1.99% fee per withdrawal
Expense Management	✅ Via platform tools	✅ Basic via mobile app card controls

Currency support & transfer limits

Feature	Airwallex	Statrys
Supported Currencies	40+ (hold/send)	11 core supported currencies
Max Inbound Transfer	$5M	No limits
Max Outbound Transfer	$5M	No limits
Enterprise Transfers	✅	❌ Not designed for enterprise use

Transfer speed & FX margin

Feature	Airwallex	Statrys
Transfer Speed	Same/next-day (1–3 days typical)	Local: same-day, Intl: 2–5 business days
FX Margin (Best)	0.5%	0.15% (HK clients)
FX Margin (Worst)	~1% on weekends	1.5% on card-based foreign currency transactions

Support & setup

Feature	Airwallex	Statrys
Account Manager Access	✅ Available	✅ Assigned customer rep
Phone Support	✅ Standard business hours	✅ Dedicated rep, multilingual
Email Support	✅ 24h response	✅ Direct and responsive
Help Center	✅ Robust	✅ Clear & transparent, but lighter content
Setup Time	1–5 business days	Avg. 3 business days

Cost breakdown summary

Cost Item	Airwallex	Statrys
Monthly Fee	$0	HKD 88 (waivable)
Setup Fee	$0	$0
FX Margin	From 0.5%	From 0.15% (HK); 1.5% via card usage
Transfer Fee (Int’l)	Free–$25 (SWIFT)	HKD 85
Local Transfer Fee	Free in most regions	HKD 5–50 based on route
Receiving Fee	Minimal	HKD 60
Card Fees	Free	1.5% FX + 1.99% ATM withdrawal

Read review Visit Statrys

Regardless of the option you pick, we recommend running a quick search below to make sure your business needs align with the company you use.

If you’re still unsure and want to know more, we’ve created in-depth reviews for each of these companies.

Bancoli Review

Before you choose whether to transfer funds overseas with Bancoli, here’s a quick summary of benefits and drawbacks.

Artiom Pucinskij

Jan 5, 2026

Equals Money

Before going into more details, here’s a quick summary of the benefits and drawbacks of Equals Money.

Artiom Pucinskij

Feb 12, 2026

WorldFirst

Before going into more detail, here’s a quick summary of the benefits and drawbacks of WorldFirst.

Artiom Pucinskij

Nov 26, 2025

IFX Payments Review

Their flagship product, ibanq, provides multi-currency virtual IBAN accounts, enabling businesses to receive, hold, and send funds across borders, giving companies greater control over their global cash flow. Their mass payment functionality simplifies payroll and supplier payments, even across multiple currencies, ensuring businesses can process international payments in bulk without opening local currency accounts.

Artiom Pucinskij

Aug 29, 2025

Wise Business Review

Our key measures when testing Wise Business for international business transfers were the product offering, cost, speed, safety and customer satisfaction. We've covered the key points in the table below and each element in more detail throughout the review.

Keith Hodges

Oct 10, 2024

Moneycorp Business

Historically, Moneycorp is considered one of the biggest money transfer providers in the world. The company has over 45 years of history and launch in the USA in 2018. The company is headquartered in the UK but with offices in USA, Ireland, France, Romania, UAE, Hong Kong, Australia and Brazil.

Keith Hodges

Oct 10, 2024

OFX Business

Our key measures when testing OFX Business for international business transfers were the strength of the product offering, cost of service and transfers, speed, safety and customer satisfaction.

Keith Hodges

Oct 10, 2024

Revolut Business

Like their personal offering, the Revolut Business offering is tiered - giving more access to features, the more you pay.

Keith Hodges

Aug 28, 2024

Xe Business

Xe Business offers strong all-round support for international business transfers. As part of our scoring process we have looked at product offering, cost, speed of transfers, safety and customer satisfaction.

Sokin

Multipass

Multipass offers a strong selection of multi-currency option. A setup fee and higher monthly fees than elsewhere are a little offputting when you consider exchange rates are higher than Airwallex, Wise Buiness and Revolut Business.

Keith Hodges

Aug 4, 2025

Payoneer

Globally Payoneer serves around 190 countries, gives access to local accounts in 9 and supports 70 currencies. Features within the account allow you to take advantage of payments, invoicing and bulk options in each location. Where Payoneer is stronger than the likes of Revolut Business or Wise Business, is that it is built for international companies - as opposed to being an offshoot of a personal offering. This sets them apart from other providers, alongside the likes of Airwallex, by offering a full international business solution.

Keith Hodges

May 28, 2025

Airwallex

When scoring Airwallex as an international business provider we factored in the product offering, speed of sending money, cost, safety measures in place and customer satisfaction.

Keith Hodges

Nov 7, 2025

A bit more about Airwallex alternatives

Can I use Airwallex as a freelancer or sole trader?

Not easily. Airwallex typically requires you to be a registered business.

If you're a freelancer, Wise or Payoneer is a better choice.

Which provider has the best exchange rates?

Wise offers the mid-market rate with a low, transparent fee. Statrys is also competitive (as low as 0.15% for HK accounts) while Airwallex adds 0.5–1% on top of mid-market.

Who supports physical and virtual cards with ATM access?

Payoneer and Revolut offer both physical and virtual cards with ATM access.

Airwallex only offers cards for online use and no ATM withdrawals.

What’s the best alternative for batch payments?

Sokin supports batch payments of up to 5,000 at once. Multipass has no batch limits (just per-transaction caps).

Airwallex supports up to 1,000.

Can I earn interest on funds with any of these?

Yes. Wise offers up to 4.85% (USD), and Sokin has a wallet system that pays up to 3% on idle balances.

Which provider is best for working with marketplaces?

Payoneer is built around marketplace payouts, including Amazon, Etsy, Upwork, and more. Airwallex and Wise also support marketplace integrations, but Payoneer is the most comprehensive.

Help & FAQ

Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.

FAQs

Sokin Alternatives

Sokin is a standout option for global businesses needing batch payments and multi-currency support, with 75+ currencies, no per-transfer fees, and support for large payouts, it’s well-suited to companies operating across Africa, Asia, and emerging markets.

May 16, 2025

Currenxie Alternatives

Currenxie is a solid option for businesses needing a virtual multi-currency account, especially for those based in Hong Kong. But depending on where and how you operate, it might not be the best fit.

May 16, 2025

Wise Business Alternatives

Wise is one of the best-known business accounts for lean, international teams.

Apr 9, 2026

Multipass Alternatives

Multipass is a solid platform for holding and sending money across currencies, especially with its multi-currency IBANs and regulated financial infrastructure.

May 16, 2025

Contributors

Author

Artiom Pucinskij

Financial Content Strategist

artiom.pucinskij@intent.uk

With 6+ years of hands-on experience in international money transfer services, Artiom has tested and analyzed dozens of companies, services, and apps firsthand. From sending money between the UK, EU, US, JP, and ID, to helping friends and family transfer large amounts abroad, he combines deep personal experience with industry insight. He has worked on content and product at MoneyTransfers.com since 2019, with a focus on FX rates, transfer apps & companies, and comparison tools. His work has been featured in Forbes, Yahoo Finance, Decrypt, PoundSterling, and more.