As businesses and individuals navigate the complex landscape of payment solutions, many find themselves weighing the pros and cons of Airwallex and MB WAY. This article aims to provide a comprehensive overview of both platforms, comparing their prices, features, and unique benefits to help you make an informed decision on which service best meets your needs.
A quick overview on Airwallex and Mbway
What is Airwallex?
Airwallex is a fintech company that offers a comprehensive financial platform for businesses to manage international payments, foreign exchange, and expense management. The platform includes multi-currency accounts, corporate cards, and integrations with eCommerce platforms, facilitating 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, enabling efficient global operations.
What is Mbway?
MB WAY is a mobile payment solution developed by SIBS, the entity behind Portugal's Multibanco network. Launched in 2015, it allows users to link up to eight bank cards to their mobile number, facilitating seamless online and in-store payments.
Unique features include instant money transfers between users, generation of virtual cards for secure online shopping, and the ability to withdraw cash from ATMs without a physical card. Use cases range from online and in-store purchases to peer-to-peer transfers and cardless ATM withdrawals.
Pricing of Airwallex and Mbway
Airwallex does not publicly disclose its pricing or fee structure on its website. Businesses must contact Airwallex directly to obtain detailed pricing tailored to their specific needs. This approach allows for customized solutions but can make it challenging for potential users to compare costs upfront.
MB WAY, on the other hand, does not charge users for transactions conducted through the app. However, banks may impose fees for certain operations performed via third-party platforms like MB WAY. These fees vary by bank, making it essential for users to consult their respective banks for detailed information.
Overall, MB WAY offers more transparent pricing, but the actual costs can vary depending on the user's bank.
Features of Airwallex and Mbway
Airwallex features
Airwallex offers a range of unique features that cater to the needs of businesses operating globally:
- Multi-currency accounts: Businesses can hold and transact in multiple currencies, simplifying international operations.
- Competitive foreign exchange rates: Airwallex provides favorable exchange rates, reducing the cost of cross-border transactions.
- Corporate cards: These cards facilitate expense management and provide detailed transaction tracking for businesses.
- eCommerce platform integrations: Seamless integration with popular eCommerce platforms like Shopify and WooCommerce.
- Proprietary local payments network: This unique feature ensures cost-effective and transparent transactions across various regions.
Mbway features
MB WAY offers a range of unique features that cater to the needs of modern consumers:
- Instant Money Transfers: Allows immediate transfers between users by entering the recipient's mobile number.
- Virtual Cards for Online Shopping: Generates one-time-use virtual cards (MB NET) to enhance security for online transactions.
- Cardless ATM Withdrawals: Enables cash withdrawals from ATMs by generating a code within the app, eliminating the need for a physical card.
- Payments via QR Codes: Supports payments through QR codes, providing a quick and contactless payment method.
- MB WAY Pulse: Unique feature allowing payments without internet, battery, or clicks, setting it apart from competitors.
Comparing Airwallex, Mbway and OneSafe
Why choose one over the other?
- Why Choose Airwallex Over MB WAY: If your business operates internationally and requires multi-currency transactions, Airwallex is the superior choice. Its platform offers competitive foreign exchange rates and seamless integration with eCommerce platforms, making it ideal for managing cross-border payments efficiently. Additionally, Airwallex's corporate cards and expense management tools provide a comprehensive suite for global financial operations.
- Why Choose MB WAY Over Airwallex: For consumers in Portugal, MB WAY offers unparalleled convenience and security for everyday transactions. Its ability to link multiple bank cards to a mobile number, along with features like instant money transfers and cardless ATM withdrawals, makes it a versatile tool for both online and in-store payments. MB WAY's integration with the Multibanco network ensures widespread acceptance across Portugal, making it a practical choice for local transactions.
Considering OneSafe vs Airwallex and Mbway
- Why Choose OneSafe Over Airwallex and MB WAY: OneSafe is uniquely designed for businesses in the Web3 and crypto sectors, offering seamless USD to USDC conversion on Polygon for instant, borderless transactions. Its end-to-end expense and payroll management tools, combined with exceptional customer support, make it an optimal choice for companies needing reliable, adaptive banking solutions.
What are the customers saying?
Airwallex reviews
Customer reviews of Airwallex highlight several recurring issues. Users frequently report problems with transactions being flagged and requiring extensive documentation, as well as transactions being declined without clear explanations. Additionally, there are frustrations regarding the lack of direct communication channels and slow response times from customer support. Difficulties with payment holds and account closures have also been noted. Check out more Airwallex reviews here.
Mbway reviews
Customer reviews of MB WAY reveal a range of issues. Users frequently report difficulties with app functionality, such as login problems and password reset failures. Additionally, there are complaints about poor customer support and lack of assistance in resolving transaction errors. Check out more MB WAY 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 seamless USD to USDC conversion on Polygon, which facilitates instant, borderless transactions, and the end-to-end expense and payroll management tools that streamline financial operations.
Notable testimonials include:
- “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, Mbway, or OneSafe: Which is the best platform for you?
In conclusion, whether you choose Airwallex, MB WAY, or OneSafe, each platform offers unique benefits tailored to different needs. However, for businesses in the Web3 and crypto sectors, OneSafe stands out with its seamless USD to USDC conversion and comprehensive financial tools. We believe OneSafe provides the most adaptive and reliable banking solutions for modern businesses. Explore more about OneSafe and see how it can transform your financial operations.
