#1 most frequent
United States of America
37.7%72 installations of 191
What is Airwallex?
Established in Melbourne in 2015, Airwallex is a payments platform that aims to transform the way businesses move and manage money globally. They state their goal is to empower businesses of all sizes to grow without borders, and by doing so, contribute to the global economy. With technology at its core, Airwallex offers a global financial infrastructure to help businesses transact, collect and pay in any foreign currency across 130+ countries and 50+ currencies, without the constraints of the traditional global financial system.
Categories & Use Cases
Videos
Who Buys & Uses Airwallex
#2 most frequent
Australia
27.2%52 installations of 191
#3 most frequent
United Kingdom of Great Britain and Northern Ireland
8.9%17 installations of 191
Very happy with Airwallex
Use Cases and Deployment Scope
We use Airwallex for our multi-currency bank accounts, collecting and paying in the different markets we deal in. We use it for setting up employees with different roles and setting them up with credit cards that employees can use to manage business expenses. We recently set up a new entity and set up all our business banking in Airwallex, linking to our Stripe gateway. It's so easy, fast, and lets you get on with the rest of your business without getting caught up in admin like with traditional banks.
Pros
- 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.
Cons
- Integrations of payment gateway with more platforms.
Most Important Features
- Multi-currency management of money.
- User management for employees.
- Visa debit cards.
Return on Investment
- Reduced overseas transaction fees.
- Enabling the setup of bank accounts in different regions.
- Reduced admin time.
Alternatives Considered
Payoneer
Other Software Used
Jira Software, Slack, Xero
Airwallex has been a game changer in global payments and transfers
Use Cases and Deployment Scope
Great product used by our organization to streamline global financial operations with the best in class APIs and seamless integration for easy payment reconciliations. Easy to use and get started in minutes and transfer funds across the globe without transaction fees and excellent global payroll solution to pay multiple international accounts hassle-free. Easy to integrate and easy to create virtual employees virtual cards instantly online and save on ads spend and SaaS subscription in foreign currency.
Pros
- Seamless integration with other tools and applications.
- Easy to use and get started started.
- Transfer of funds across the globe.
Cons
- Excellent payroll solution that enables one to pay multiple international accounts.
- Helps reach new markets with foreign currency accounts.
- It makes bookkeeping easy and sync capabilities.
Most Important Features
- New market reach with foreign accounts.
- Virtual cards saves time and money.
- Seamless integrations.
Return on Investment
- No monthly fees for local and foreign accounts.
- Save big on transaction fee too.
- Save on SaaS subscription in foreign currency.
Other Software Used
Asana, IBM Process Mining
Game changing software
Pros
- Cross border payments
- Virtual Cards
- Payments
Cons
- Automated transaction failed emails
- Recurring credit card payments
- More fine grained credit card controls
Most Important Features
- Virtual cards
- Cross border payments
- Multi currency wallets
Return on Investment
- Saved money on bank fees
- Saved money on FX transfers
Alternatives Considered
TransferWise
Other Software Used
Xero