Airwallex vs. Flywire

Airwallex is great for receiving payments from customers in other countries and where you make payments in other currencies.

Incentivized

Many of our international students studying at our institution are financially supported by their parents in their homeland. In other words, they rely on their families for payment of their class fees. So, Flywire makes international payments convenient by making payment by visiting our college website and finding the Flywire payment option. Some prefer this method over credit card payments or by wiring money to the student's bank account in the U.S., which creates a whole additional step in making payments.

Incentivized

• Fast setup of bank accounts in different currencies.
• User management with roles and permissions that enable employees to use it.
• Fast easy setup of credit cards.
• Transferring money across currencies at low cost.

Incentivized

• It accepts a wire transfer from virtually all nations outside the U.S.
• The customer service support is helpful.
• Once payment information in our system is updated, it allows for payment for classes from overseas to run smoothly.

Incentivized

• Automated transaction failed emails
• Recurring credit card payments
• More fine grained credit card controls

Incentivized

• Delay time could be shortened between the actual time of payment and the confirmation of payment.
• It could allow for the payer to pay more than the outstanding balance without rejecting additional amounts of money.
• Refund information by way of Flywire is a little vague.

Incentivized

Payoneer was more expensive for transfers and it was less featured than Airwallex.

Incentivized

Flywire is relatively simple to use with much quicker response time when it comes to customer support.

Incentivized

• No monthly fees for local and foreign accounts.
• Save big on transaction fee too.
• Save on SaaS subscription in foreign currency.

Incentivized

• Cannot think of any negative impact
• A good number of students are using Flywire to pay for their classes, so it is growing in popularity
• It reduces the amount of foot traffic at the cashier / payment office when it comes to issues involving payment of classes.

Incentivized