Airwallex vs Wise : Which one is better for your business?

The category of global payments and financial platforms is vital for businesses looking to streamline their international operations. By comparing Airwallex and Wise, we aim to identify which service offers the best solutions for managing global transactions, expense tracking, and financial integration. This comparison will help businesses choose the most efficient and cost-effective platform for their needs.

A quick overview on Airwallex and Wise

What is Airwallex?

Airwallex is a global payments and financial platform that simplifies international transactions for businesses. It offers services like business accounts, spend management, and embedded finance through flexible APIs. Unique features include fast transfers, cost-effective solutions, and high security standards.

What is Wise?

Wise is a financial technology company that provides international money transfer services and multi-currency accounts. Users can send money globally with low fees, manage funds in over 40 currencies, and use the Wise debit card for worldwide spending without foreign transaction fees. Unique features include guaranteed exchange rates, transparent pricing, and local bank details for easier money reception.

Features of Airwallex and Wise

Airwallex features

Airwallex offers a range of unique features that cater to the needs of businesses looking for efficient global financial solutions:

• Global Accounts: Open local currency accounts in over 20 currencies, enabling seamless international transactions.
• Yield: Earn interest on cash balances, with rates such as 3.55% on USD and 3.69% on AUD.
• Borderless Cards: Instantly issue multi-currency corporate cards to manage expenses across different regions.
• Integrations: Connect with popular software platforms like QuickBooks, Xero, NetSuite, Shopify, WooCommerce, and Magento for streamlined financial operations.
• Proprietary Local Payments Network: A unique feature that offers a faster, more cost-effective, and transparent alternative to legacy banking, allowing businesses to operate like local entities from anywhere in the world.

Wise features

Wise offers a variety of features that cater to consumers looking for efficient and cost-effective international financial solutions:

• Multi-Currency Account: Manage money in over 40 currencies, making it easy to send, receive, and hold funds globally.
• Wise Card: Spend and withdraw cash worldwide without foreign transaction fees, providing convenience for frequent travelers.
• Cost Savings: Save on international transfers, which can be up to 5x cheaper compared to traditional banks.
• Transparency: Enjoy clear and upfront pricing with no hidden fees, ensuring you know exactly what you're paying for.
• Regulation and Trust: Wise is regulated by the Financial Conduct Authority (FCA), offering peace of mind with robust security measures like 2-factor authentication.

Comparing Airwallex, Wise and OneSafe's features

Why choose one over the other?

• Why Choose Airwallex Over Wise: If your business requires fast and cost-effective international transactions, Airwallex is a strong contender. With over 85% of transfers arriving within the same day and access to interbank FX rates, Airwallex offers speed and savings that can significantly improve your profit margins.
• Why Choose Wise Over Airwallex: For consumers looking for a straightforward and transparent fee structure, Wise is an excellent choice. With guaranteed exchange rates and the ability to manage money in over 40 currencies, Wise provides a user-friendly experience with clear pricing, making it easier to understand and control your international finances.

Considering OneSafe vs Airwallex and Wise

• Why Choose OneSafe Over Airwallex and Wise: OneSafe offers a unique advantage with its seamless integration of both fiat and cryptocurrency transactions, making it an ideal choice for businesses involved in Web3 and digital assets. Unlike Airwallex and Wise, OneSafe provides instant crypto to fiat conversions and vice versa, allowing for more flexible and comprehensive financial management.

What are the customers saying?

Airwallex reviews

Users have shared mixed reviews about Airwallex. Many appreciate its ease of use, competitive exchange rates, and helpful customer support. However, some have faced frustrations with account suspensions, unresponsive customer service, and issues with holding or losing funds. Overall, Airwallex has received a rating of 3.8 out of 5.

• "Junji is always helpful since our firms started our relationship with Airwallex for more than a year till now. He’s always there whenever we have question or issue and dedicated following up till it’s completed. We appreciated for his support and help a lot." - Lyndon Wong
• "Wanling from Airwallex provided exceptional support! She was incredibly quick to respond, clear in her explanations, and went above and beyond to resolve my issue efficiently. Her professionalism and expertise made the entire process smooth and stress-free. Thank you, Wanling, for your outstanding assistance! Highly recommend Airwallex!" - Nguyen Danny

For more detailed reviews, visit Airwallex Reviews.

Wise reviews

Users have generally found Wise to be efficient for international money transfers, offering good conversion rates and ease of use. However, there are complaints about customer support and occasional high fees. The overall rating users have given Wise is 3.9 out of 5.

• "Wise business transfers from one currency to the other are instant, local payments on USD to USD are quick as well as payments local GBP to GBP." - Lazaros D.
• "You can set up and receive multiple currencies. I could use it as my card/debit card abroad. Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing." - Cherilyn A.

For more detailed reviews, visit Wise Business Reviews.

OneSafereviews

Users have praised OneSafe for its exceptional customer support and innovative solutions tailored for Web3 and cryptocurrency transactions. The overall rating users have given OneSafe is 4.8 out of 5. Customers particularly appreciate the seamless conversion between fiat and cryptocurrencies, as well as the platform's reliability and ease of use.

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more detailed reviews, visit OneSafe.

Airwallex, Wise, or OneSafe: Which is the best platform for you?

In conclusion, while Airwallex and Wise offer robust solutions for international financial management, OneSafe stands out with its innovative approach to integrating fiat and cryptocurrency transactions. Each platform has its strengths, but for businesses looking to navigate the evolving landscape of digital assets, OneSafe is a compelling choice. Ultimately, any of these platforms can meet your needs, but OneSafe's unique features make it a standout option.