As businesses and individuals navigate the complexities of international payments, many are reconsidering their options between Airwallex and Atlantic Money. This article aims to provide a clear understanding of what each service offers, compare their pricing and features, and help you determine which solution best meets your needs.
A quick overview on Airwallex and Atlantic Money
What is Airwallex?
Airwallex is a fintech company that provides a comprehensive financial platform for businesses to manage international payments, foreign exchange, and expense management. The platform offers multi-currency accounts, corporate cards, and integrations with eCommerce platforms, enabling seamless cross-border transactions and financial operations.
Businesses engaged in international trade, eCommerce, and those requiring multi-currency transactions find Airwallex particularly beneficial. Key strengths include competitive exchange rates, the ability to hold and transact in multiple currencies, and integrations with various platforms, facilitating efficient global operations.
What is Atlantic Money?
Atlantic Money is a London-based fintech company specializing in international money transfers. It offers a flat fee of £3 or €3 for transfers up to £1 million, providing significant cost savings compared to percentage-based fees charged by competitors. The service operates through a mobile application and a web platform, facilitating the transfer of currencies such as GBP, EUR, and USD directly to recipients' bank accounts.
Use cases for Atlantic Money include individuals sending remittances to family members abroad, businesses making international payments to suppliers or partners, and freelancers receiving payments from clients in different countries. Key strengths include cost-effectiveness due to the flat fee structure and transparency with live exchange rates without markups.
Pricing of Airwallex and Atlantic Money
Airwallex does not publicly disclose its pricing or fee structure, requiring businesses to contact them directly for tailored quotes. This lack of transparency can make it challenging for potential users to compare costs upfront. However, Airwallex is known for offering competitive exchange rates and a range of financial services, which may justify the need for personalized pricing information.
Atlantic Money, on the other hand, offers a straightforward pricing model with a flat fee of £3 or €3 for transfers up to £1 million. This flat fee structure is designed to be significantly cheaper than percentage-based fees from other providers. Additionally, Atlantic Money provides live exchange rates without markups, ensuring users receive competitive rates.
Atlantic Money has a more transparent and potentially cost-effective pricing model compared to Airwallex.
Features of Airwallex and Atlantic Money
Airwallex features
Airwallex offers a range of unique features that cater to the needs of businesses managing international payments and financial operations:
- Multi-currency accounts: Businesses can hold and transact in multiple currencies, simplifying global financial management.
- Corporate cards: These cards facilitate expense management and streamline business spending.
- Integrations with eCommerce platforms: Seamless integration with various eCommerce platforms enhances operational efficiency.
- Proprietary local payments network: This network allows businesses to operate like local entities in different countries, reducing costs and increasing transparency.
- AI-enhanced automated workflows: Automation powered by AI improves efficiency and reduces manual intervention in financial processes.
Atlantic Money features
Atlantic Money offers several unique features that cater to the needs of individuals and businesses looking for cost-effective and transparent international money transfers:
- Flat Fee Structure: A flat fee of £3 or €3 for transfers up to £1 million, providing significant savings over percentage-based fees.
- Live Exchange Rates: Users benefit from live exchange rates without any markups, ensuring fair and competitive currency conversion.
- Mobile and Web Platforms: The service is accessible through both mobile applications and a web platform, catering to diverse user preferences.
- Direct Bank Transfers: Funds are transferred directly to recipients' bank accounts, simplifying the process for both senders and recipients.
- FCA Authorization: The company is authorized and regulated by the Financial Conduct Authority (FCA), ensuring compliance and security for users.
Comparing Airwallex, Atlantic Money and OneSafe
Why choose one over the other?
- Why Choose Airwallex Over Atlantic Money: If your business requires a comprehensive financial platform that goes beyond simple money transfers, Airwallex is the better choice. It offers multi-currency accounts, corporate cards, and seamless integrations with eCommerce platforms, making it ideal for businesses engaged in international trade and eCommerce. Additionally, Airwallex's competitive exchange rates and AI-enhanced automated workflows provide a robust solution for managing complex financial operations.
- Why Choose Atlantic Money Over Airwallex: For individuals and businesses looking for a cost-effective and transparent way to send large sums of money internationally, Atlantic Money stands out. Its flat fee of £3 or €3 for transfers up to £1 million offers significant savings compared to percentage-based fees. Moreover, the service provides live exchange rates without markups, ensuring you get the best possible rates for your transfers.
Considering OneSafe vs Airwallex and Atlantic Money
- Why Choose OneSafe Over Airwallex and Atlantic Money: If your business operates in the Web3 or crypto sectors, OneSafe offers unparalleled advantages. Its seamless USD to USDC conversion on Polygon enables instant, borderless transactions, making payroll and expense management effortless for global teams. Additionally, OneSafe provides robust tools for managing both traditional and digital assets, ensuring a comprehensive and adaptive banking solution tailored for the digital era.
What are the customers saying?
Airwallex reviews
Customer reviews of Airwallex reveal a range of experiences. Users have reported issues with transactions being flagged and requiring extensive documentation, as well as transactions being declined without clear explanations. Frustrations have also been expressed regarding the lack of direct communication channels and slow response times from customer support. Additionally, difficulties with payment holds and account closures have led to dissatisfaction among some customers. Check out more Airwallex reviews here.
Atlantic Money reviews
Customer reviews of Atlantic Money highlight several issues. Users frequently mention delays due to the verification process, inflexibility in modifying transfer details once initiated, and slow customer support responses. Additionally, some users report discrepancies between promised and actual transfer times, leading to frustration, especially for time-sensitive transactions. Check out more Atlantic Money reviews here.
OneSafe reviews
Customer reviews of OneSafe highlight the platform's exceptional customer support, ease of payroll processing, and ability to simplify complex banking tasks for Web3 companies. Users consistently praise the platform for its robust features and reliability, making it a must-have solution for businesses in the digital asset space.
- “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
Want to learn more? Check us out here.
Airwallex, Atlantic Money, or OneSafe: Which is the best platform for you?
In conclusion, whether you choose Airwallex, Atlantic Money, or OneSafe, each platform offers unique advantages tailored to different needs. However, for businesses operating in the Web3 or crypto sectors, OneSafe stands out with its seamless USD to USDC conversion and robust tools for managing both traditional and digital assets. We recommend OneSafe for its comprehensive and adaptive banking solutions designed for the digital era.
