When considering payment solutions for business or personal needs, many find themselves weighing the options between Airwallex and Remitly. This article aims to provide a comprehensive overview of what Airwallex and Remitly offer, compare their pricing and features, and help you determine which service best suits your requirements.
A quick overview on Airwallex and Remitly
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. It 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 Remitly?
Remitly is a digital remittance service that enables individuals to send money internationally. It supports various payment methods for senders, such as bank accounts, debit cards, and credit cards, while recipients can receive funds through bank deposits, cash pickups, mobile wallets, or home delivery, depending on their location.
Remitly is particularly beneficial for individuals who need to send money to family or friends abroad. Key strengths include a straightforward platform, competitive exchange rates, multiple delivery options, and the ability to choose transfer speeds, including an express option for near-instant transfers.
Pricing of Airwallex and Remitly
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, which can be beneficial for businesses managing large volumes of international transactions.
Remitly, on the other hand, provides a more transparent fee structure. Fees vary based on the destination, transfer amount, payment method, and transfer speed. For instance, sending money to India may incur a $3.99 fee for amounts under $1,000, with no fee for larger amounts. Remitly also applies a 3% fee for some credit card transfers from the U.S.
Overall, Remitly offers more transparent pricing compared to Airwallex.
Features of Airwallex and Remitly
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 provide detailed spending insights.
- Integrations with eCommerce platforms: Seamless integration with various platforms enhances operational efficiency.
- Proprietary local payments network: This network ensures cost-effective and transparent transactions, setting Airwallex apart from competitors.
- Automated workflows: AI-enhanced automation streamlines financial processes, saving time and reducing errors.
Remitly features
Remitly offers a range of unique features that cater to the needs of individuals sending money internationally:
- Multiple delivery options: Users can choose from bank deposits, cash pickups, mobile wallets, and home delivery in select regions.
- Competitive exchange rates: Remitly provides favorable rates, ensuring more value for the sender's money.
- Transparent fee structure: Fees are clearly outlined, allowing users to understand costs upfront.
- Real-time tracking: Senders can monitor their transfers in real-time, providing peace of mind.
- On-time delivery guarantee: If the transfer is delayed, Remitly refunds the fees, setting it apart from competitors.
Comparing Airwallex, Remitly and OneSafe
Why choose one over the other?
- Why Choose Airwallex Over Remitly: If you are a business engaged in international trade or eCommerce, Airwallex offers a comprehensive financial platform designed to manage international payments, foreign exchange, and expense management. With features like multi-currency accounts, corporate cards, and seamless integrations with eCommerce platforms, Airwallex provides a robust solution for efficient global operations, which Remitly does not cater to.
- Why Choose Remitly Over Airwallex: For individuals needing to send money to family or friends abroad, Remitly is a more suitable option. It offers a user-friendly platform with multiple delivery options, competitive exchange rates, and transparent fees, making it easier for personal money transfers. Unlike Airwallex, which is tailored for business needs, Remitly focuses on providing a straightforward and efficient service for personal remittances.
Considering OneSafe vs Airwallex and Remitly
- Why Choose OneSafe Over Airwallex and Remitly: OneSafe is uniquely designed for businesses operating in the Web3 and crypto sectors, offering seamless USD to USDC conversion on Polygon for instant, borderless transactions. This feature, combined with end-to-end expense and payroll management, makes OneSafe an optimal choice for companies needing reliable, adaptive banking solutions that integrate both traditional and digital assets.
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.
Remitly reviews
Customer reviews of Remitly reveal a range of experiences. Users have reported issues such as delays in transfers, difficulties with customer support, and challenges in resolving problems. These mixed experiences suggest that while many customers are satisfied with Remitly's services, there are areas where the company could improve, particularly in customer support and transaction reliability. Check out more Remitly 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 features 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, Remitly, or OneSafe: Which is the best platform for you?
In conclusion, whether you choose Airwallex, Remitly, or OneSafe, each platform offers unique benefits tailored to different needs. However, for businesses operating in the Web3 and crypto sectors, OneSafe stands out with its seamless USD to USDC conversion and comprehensive financial management features. 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.
