Top Airwallex alternatives [2025]
Last updated: 28 March 2025
Discover the top alternatives to Airwallex for global business payments and multi-currency account management.
Key takeaways
- Airwallex offers a multi-currency account supporting 20 currencies, with monthly fees starting at AUD 29 per month and payment fees up to AUD 30
- Airwallex alternatives in Australia include WorldFirst, Wise Business, Payoneer and OFX
- WorldFirst’s World Account is a multi-currency account that lets you receive payments in 20+ currencies and offers competitive exchange rates for international payments
- Wise Business charges a one-time fee of AUD 22 a for multi-currency account that supports 23 currencies
- Payoneer supports 9+ currencies with its multi-currency account
- OFX allows businesses to manage funds in 30 currencies but only provides local account details for five
Airwallex is a digital payments platform that allows businesses to send and receive international payments, hold funds in multiple currencies and manage global financial operations with core APIs.
With its multi-currency account, you can access bank details for 20 currencies, including USD, GBP, EUR, AUD, CNY, HKD and CAD. You can also send payments in 60 currencies across 150 countries [1].
The monthly fee for an Airwallex account starts at AUD 29 (the fee is waived if you deposit at least AUD 5k every month or hold a minimum balance of AUD 10k in your account). Payment fees can be up to AUD 30, depending on the currency and payment method.
In this article, we take a look at the top Airwallex alternatives so you can choose the best foreign currency account for your business.
Table of Contents
1. WorldFirst
WorldFirst helps global businesses make fast and secure international transactions at competitive exchange rates, allowing you to protect your profit margins. You can also lock in target rates through firm orders or secure future rates with forward contracts.
The World Account is a multi-currency account with no ongoing account fees, that supports 20+ currencies including GBP, USD, CAD, EUR, AUD, NZD and CNH.
You can send money to suppliers and business partners as well as collect customer and marketplace payments. Use the collected funds to make future payments or withdraw the funds to your bank account at any time.
There is no setup fee or minimum balance requirement.
If you’re still unsure about WorldFirst vs Airwallex, check out our detailed comparison between the two.
With the World Account, you can send payments to suppliers in 100+ currencies and collect payments from 130+ marketplaces and payment gateways.
World Account holders also get access to the World Card, which is a Mastercard multi-currency debit card that supports payments in 150+ currencies. When you pay in the 15 supported currencies, there are zero foreign exchange fees.
| Key features | - Get local bank account details to receive payments in 20+ currencies, including GBP, USD, CAD, EUR, AUD, NZD, and CNH - Collect payments from 130+ global marketplaces and payment gateways, including Amazon, eBay, Etsy, PayPal and Stripe - Send payments in 40+ currencies - Make free and instant payments between World Accounts - Securely pay 1668 suppliers through World Pay – the only authorised international payment provider for 1668.com - Use WorldFirst’s Xero or NetSuite integration to seamlessly reconcile transactions |
|---|---|
| Main fees | - Monthly fee: Zero - Account opening fee: Zero - Receiving payments: Zero - Holding funds in multiple currencies: Zero - Sending payments: Free for local payments in AUD or NZD; cross-border payments and local payments in currencies other than AUD or NZD start from 0.4%, capped at AUD 15 - Sending payments to other World Account holders: Zero - Paying 1688.com suppliers: Up to 0.8% currency conversion fee - Getting a World Card: Zero for card issuance; other transaction fee may apply |
| Trustpilot rating | 4.2 out of 5 stars |
2. Wise
Wise is an international payment provider that lets you send and receive in 40+ currencies [2]. Previously known as TransferWise, it offers separate accounts for individuals and businesses.
Wise Business is a multi-currency account that supports 23 currencies. For a one-time fee of AUD 22, you get local bank account details for each of these, allowing you to send, receive and hold funds in multiple currencies [2].
Receiving local payments is free, except for USD wire and CAD SWIFT payments. The fees for sending payments vary by currency.
Take a look at our detailed Wise Business account review and how it compares to WorldFirst in our head-to-head WorldFirst vs Wise comparison.
| Key features | - The multi-currency account supports various currencies, including AUD, USD, CAD, EUR and GBP - Debit cards are available for in-store and online purchases Wise charges 2% every time you add funds to your card - Wise doesn’t list any supported marketplaces, but collecting marketplace funds using local currency account details is possible |
|---|---|
| Main fees [2] | - Monthly fee: Zero - Account opening fee: One-time fee of AUD 22 - Receiving payments: Free for AUD, CAD, EUR, GBP, HUF, NZD, RON, SGD, TRY and USD (non-wire); SWIFT payments attract separate fee - Holding funds in multiple currencies: Zero - Sending payments: From 0.65% (fee varies by currency) - Sending payments to other Wise Account holders: Zero - Getting a debit card: Zero for card issuance; other transaction fee may apply |
| Trustpilot rating [3] | 4.3 out of 5 stars |
3. Payoneer
Payoneer is a global payment platform that aims to make it easier for businesses to send international payments and collect payments from customers. Its multi-currency account supports 9+ currencies, including USD, JPY, EUR, AUD, HKD, and SGD [4]. The charges for receiving payments from non-Payoneer customers can be up to 3.99%, with fees varying by region [5].
There’s also an account maintenance fee if your Payoneer account is dormant for 12 months or more.
| Overview | Description |
|---|---|
| Key features | - The multi-currency account supports 9+ currencies - Use local receiving account details to collect marketplace payments or Payoneer Checkout to collect payments from your online store [14] - Businesses can also collect funds through payment links, which allow customers to pay using their preferred payment method - Payoneer cards are powered by Mastercard and available in four currencies [7] |
| Main fees [4] | - Monthly fee: Zero - Account opening fee: Zeroy - Receiving payments: Up to 3.99% - Holding funds in multiple currencies: Zero - Sending payments: Up to 3% of the transaction amount (a minimum fee may apply) - Sending payments to other Payoneer account holders: Zero - Getting a debit card: USD 29.95 for the first card. Subsequent cards are free |
| Trustpilot rating [6] | 3.8 out of 5 stars |
- Open 15+ local currency accounts and get paid like a local
- Pay suppliers, partners and staff worldwide in 100+ currencies
- Collect payments for free from 130+ marketplaces and payment gateways, including Amazon, Etsy, PayPal and Shopify
- Take control of spending with the World Card, a business expense card that saves you more with 1% cashback. Learn more
- Save with competitive exchange rates on currency conversions and transfers
- Lock in exchange rates for up to 24 months for cash flow certainty
4. OFX
OFX is an international money transfer provider that allows businesses to send, receive and convert funds in 30+ currencies [8]. It offers both business and global currency accounts, each with distinct features. While OFX provides a multi-currency account like the other Airwallex alternatives, local bank details are only available for five out of its 30 supported currencies.
Transfers must be more than AUD 150 and there’s a fee of AUD 5 for every international payment you receive [9].
| Overview | Description |
|---|---|
| Key features | - Hold, convert and pay in 30+ currencies [7] - Get local bank account details for 5 currencies - Online sellers can open up to 7 foreign currency accounts and collect payments from marketplaces [11] - OFX’s virtual multi-currency business cards support 30 currencies [10] - OFX business account integrates with Xero |
| Main fees [12] | - Monthly fee: Zero for up to 3 users and AUD 15 per user per month for more than 3 users - Multi-currency account: Zero - Receiving payments: $0 for domestic payments and $5 for international payments - Holding funds in multiple currencies: Zero - Sending payments: Up to $10 - Sending payments to other OFX account holders: Payments to other OFX account holders: Same fees as regular payments to non-OFX accounts. |
| Trustpilot rating [13] | 4.5 out of 5 stars |
Choose the right Airwallex alternative for your business
The multi-currency account you choose should depend on your business’s specific requirements.
- What currencies do you usually make transactions in?
- How many local currency accounts will you need for receiving payments?
- Do you need a payment provider that integrates with major online marketplaces?
- How important is the cost of international transfers to your business?
To help you make the right decision, check out a detailed fee comparison of all the Airwallex alternatives.
| Airwallex [1] | Wise [2] | WorldFirst | Payoneer [4] | OFX [12] | |
|---|---|---|---|---|---|
| Monthly fee | Monthly fee: AUD 29 (waived if you deposit at least AUD 5k per month or hold a minimum balance of AUD 10k) | Free | Free | Free | Free for up to 3 users and AUD 15 per user per |
| Opening a multi-currency account | Free (20 currencies) | AUD 22 (23 currencies) | Free (20+ currencies) | Free (9+ currencies) | Free (30+ currencies, but local bank account details available for only 5) |
| Account maintenance fee | None | None | None | 29.95 USD (Fee is charged if 12 months pass and you have received less than 2,000.00 USD or equivalent in payments) | None |
| Receiving funds | - Direct debit funds are free - Payments using local payment methods are charged a minimum AUD 0.30 fee** |
Free for AUD, CAD, EUR, GBP, HUF, NZD, RON, SGD, TRY and USD (non-wire)USD wire payments cost USD 6.11 and CAD SWIFT payments cost CAD 10 | Free | - From Payoneer customers Free - From non-Payoneer customers: Up to 3.99% |
Free for domestic payments and AUD 5 for international payments |
| Holding funds in multiple currencies | Free | Free | Free | Free | Free |
| Sending payments to users in the same network | Instant (a fee applies) | Free and instant | Free and instant | Free | Same rates apply as standard transactions |
| Sending payments to other accounts | Local payment methods: AUD 0.30 + payment method fee (The fee varies for every transaction based on the currency and mode of payment) |
From 0.65% (fee varies by currency) |
- Local payments in AUD or NZD: Free - Cross-border payments and local payments in currencies other than AUD or NZD: From 0.4%, capped at AUD 15 - For payments to 1688 suppliers: Up to 0.8%, - Forward contracts: Up to 0.2% per month |
Up to 3% of transaction amount (a minimum fee may apply) | Up to AUD 10 |
*Fees as checked in January 2025
Sources
- https://www.airwallex.com/au/pricing
- https://wise.com/au/pricing/business
- https://au.trustpilot.com/review/wise.com?page=2
- https://www.payoneer.com/about/pricing/
- https://www.payoneer.com/multi-currency-account/
- https://au.trustpilot.com/review/www.payoneer.com?page=3
- https://www.payoneer.com/commercial-card/
- https://www.ofx.com/en-au/business/business-account/
- https://www.ofx.com/en-au/faqs/what-is-the-minimum-transfer-amount/
- https://www.ofx.com/en-au/business/corporate-cards/
- https://www.ofx.com/en-au/business/global-currency-account/
- https://www.ofx.com/en-au/business/pricing/
- https://www.trustpilot.com/review/ofx.com/location/australia
- https://www.payoneer.com/checkout/
Disclaimer: The information contained is general only and largely our views. Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions, estimates, mentioned products/services and referenced material constitute the author’s own judgement as of the date of the briefing and are subject to change without notice. WorldFirst shall not be responsible for any losses or damages arising from your reliance of such information.
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