Airwallex vs Paystand (2026): which should you pick?

Pick Airwallex if

• Fits if you pay suppliers or staff in other countries
• Works for teams that spend abroad and want cards with no foreign transaction fees

Look elsewhere if

• Tight if you're about to grow past 10 Spend users, as Grow's platform fee isn't published
• Pricey if you send lots of SWIFT transfers, at $15 to $25 each
• Watch out: conversion costs 0.5% over the interbank rate for major currencies and 1% for others
• Watch out: plan fees are charged per legal entity, and taking international cards costs 4.3% + $0.30
• Skip it if you want a desktop app, as only web, iPhone and Android are listed

Pick Paystand if

• Fits if your main job is getting customers to pay you
• Works for US and Canadian firms on a supported ERP

Look elsewhere if

• Not for you if you only want expense reports, as receivables is the core product
• Pricey if you can't see a price, as the page offers an ROI analysis instead
• Watch out: it operates in the US and Canada, per its company page
• Tight if you want a trial, as none is listed

Airwallex

• Currency conversion costs 0.5% above the interbank rate for major currencies and 1% for others; SWIFT transfers cost $15 to $25 each.
• Grow adds a platform fee based on the number of Spend users that the pricing page does not state, and plan fees are charged per legal entity.
• Airwallex US, LLC is a licensed money transmitter that works with Evolve Bank & Trust for some US customers; the cards are issued by Community Federal Savings Bank.
• Taking card payments costs 2.8% + $0.30 for US cards and 4.3% + $0.30 for international ones.

Paystand

• No prices are published; the pricing page describes flat monthly rates and offers a customized ROI analysis instead.
• Receivables is the core product; the expense and payables tools are newer additions, in the site's own words.
• Paystand operates in the US and Canada, per its company page.

Airwallex

Multi-currency accounts

Collect and hold money in more than 20 currencies, send local transfers to over 120 countries and SWIFT transfers to more than 200.

Corporate cards

Virtual and physical Visa cards with per-card limits for use in 60+ markets, with no foreign transaction fees and up to 2% cashback on local USD spend.

Expenses and reimbursements

Receipts are matched by AI from email or bulk upload, staff submit and approve in the mobile app, and reimbursements go to employees in 200+ countries.

Bill pay

Upload, email or sync bills, have their details extracted automatically, and pay domestic or international suppliers in bulk after approval.

Invoicing and payments

Send invoices for free, take cards and 160+ local payment methods through checkout or payment links, and run subscription billing.

Developer APIs

APIs for accounts, payouts, card issuing and payments, for businesses that build these into their own products.

Paystand

Receivables and payment acceptance

A payment portal, virtual terminal, recurring payments and automatic reconciliation, accepting ACH, eCheck, credit cards, EFT and check scan.

Zero-fee payment network

The Paystand B2B Network moves money bank to bank with no transaction fees, and other payment methods carry pre-negotiated wholesale rates.

Spend management and cards

The Expenses section lists spend management, corporate cards and spend analytics, with Slack and Microsoft Teams listed there.

Payables and cross-border

AP automation, spend approvals and cross-border payments are listed, and the site mentions payroll in local currency across 190+ countries.

ERP integrations

Listed connections include NetSuite, QuickBooks Online, Xero, Sage Intacct and Microsoft Dynamics 365.

Airwallex

• Explore$0

  Accounts in 20+ currencies, unlimited cards, expense management, bill pay with AI coding, invoicing and Xero or QuickBooks sync, for up to 10 Spend users.

• Grow$12

  per active Spend user / month, plus a platform fee by team size

  Up to 250 Spend users. Adds multi-step approvals, an AI expense policy agent, bill rules, NetSuite and Business Central sync. The platform fee is not shown.

• AccelerateCustom

  Adds purchase orders and requests, AI 3-way matching, several legal entities, a direct ERP integration and an account manager.

Paystand

Pricing could not be confirmed. See paystand.com.