Comparisons and market guides editor
Alexia compares the accounts, cards and payment tools companies weigh before they switch, and writes Rivet's market guides for founders in a specific country. Prices in Alexia's comparisons come from each provider's own pricing page on the date given in the article, rules come from the regulator or tax authority that sets them, and every source is listed at the end.
PaymentsWise publishes a conversion fee from 0.24%. OFX publishes plans and quotes FX per transfer, with hedging tools Wise does not offer. Which matters more depends on how large and how planned your payments are.
PaymentsWorldFirst is free to open and cheap to convert, which is why so many marketplace sellers use it. It is a weaker fit for US businesses, service companies paid by wire, and anyone who needs stablecoins.
PaymentsRevolut gives each plan an allowance of interbank FX and charges 0.6% after it. Airwallex charges 0.5% on major currencies from the first pound. The cheaper one depends on how much you convert.
PaymentsWorldFirst is free and built for sellers. Airwallex charges a small subscription unless you keep money moving, and gives more spend tools. Here is the comparison line by line.
PaymentsPayset charges a subscription and an application fee. Wise charges almost nothing until you convert. For most small companies that settles it, but not for all of them.
PaymentsStatrys publishes FX from 0.1% on major currencies and charges no monthly fee. Airwallex has more collection currencies and spend tools. Here is how they compare for a Hong Kong company.
PaymentsBoth are cheap. WorldFirst is free to open and aimed at sellers and importers; Wise charges a small setup fee and converts from 0.24%. The difference is in what you do with the money.
PaymentsPayset publishes its prices, which makes it easy to compare. The monthly fee, the application fee and three months paid upfront add up before you send a single payment. Here is how six alternatives compare.
Bank accounts in USD, EUR and GBP, cards with a limit on each, and payouts on local rails. Starter is free.
