MoneyGram Business vs Airwallex Business: Which is better for your business?
This article covers:
Choosing the right business account makes a big difference in how you manage your finances. We’re comparing MoneyGram Business and Airwallex Business, which includes their features, pricing, business card options and more, to help you decide which one works best for you.
| MoneyGram Business | Airwallex Business | |
|---|---|---|
| Features | Global money transfers, payout to bank accounts and digital wallets, compliance tools, API access | Global multi-currency accounts, batch transfers, borderless cards, accounting integrations, API access |
| Pricing | Fees vary by amount, destination, and method | No setup or monthly fees; FX margin of 0.5%–1.0%; SWIFT transfers $10–$30 |
| Business Cards | Not available | Virtual cards available; physical cards for first 2 users free, $15/month per additional user |
MoneyGram Business vs Airwallex Business: Key Features
| MoneyGram Business | Airwallex Business | |
|---|---|---|
| Supported Currencies | Multiple currencies supported; details vary by corridor | Hold and exchange 20+ currencies |
| International Payments | Send money to 200+ countries and territories | Send to 150+ countries with competitive FX |
| Accounting Software Integration | Not specified | Integrates with Xero, QuickBooks, NetSuite |
| Business Debit Cards | Not available | Virtual and physical cards; spend controls |
| App | Mobile app with transfer tracking | Mobile app with transaction tracking and rate alerts |
Both options offer global payment reach. MoneyGram Business shines for consumer-focused payouts to a vast network of bank accounts and wallets, ideal for simple transfers. Airwallex, however, stands out with full-stack business finance features like expense cards, multi-currency accounts, and integrations — better suited for SMEs managing cross-border operations.
MoneyGram Business vs Airwallex Business: Pricing
| MoneyGram Business | Airwallex Business | |
|---|---|---|
| Account Opening Fee | None | None |
| Monthly Subscription | None | None |
| Currency Exchange Fees | Markup built into rate; varies by corridor | FX margin of 0.5%–1.0% |
| Money Transfer Fees | Variable fees based on payment route, method, and region | No cost to 120+ countries; $10–$30 for SWIFT transfers |
| FX Fees | Embedded in exchange rate | Margin only; no hidden FX fees |
MoneyGram’s pricing is flexible but can be opaque due to variable fees. Airwallex offers a more transparent model with no monthly costs and consistent FX margins, making it preferable for businesses needing frequent, high-volume transfers with predictable pricing.
MoneyGram Business vs Airwallex Business: Business Cards
| MoneyGram Business | Airwallex Business | |
|---|---|---|
| Physical Card | Not available | Available; first 2 users free, $15/month per additional user |
| Virtual Card | Not available | Available; free |
| Custom Card | Not available | Spend controls and approvals |
| ATM Withdrawal | Not available | Not specified |
Both Wise and Airwallex offer business card functionalities, including physical and virtual cards with spending controls. However, Wise stands out with its transparent ATM withdrawal policy, offering two free withdrawals up to $100 per month, while Airwallex provides integrated expense management tools and potential cash rebates on card spending.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards |
| Pricing | No monthly fees and no fees for cross currency payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
