As the CEO of a globally-expanding digital marketing agency, my team and I really needed a way we could easily consolidate overseas payments whilst controlling overseas expenditure.
We came across Airwallex and have been thrilled with the partnership ever since. Our team was really concerned about international conversion rates: we are due to be opening an office in London and didn’t want to hemorrhage funds through international transaction rates. We did some research on the exchange rate our bank was offering on GBP transfers and we found we were about 3.23% worse off than the interbank FX rate, which is what we were seeing on currency sites like XE.com.
A friend from another agency told me about Airwallex and their offer of being able to save businesses 90% on international transaction fees. This was a huge draw for us as we were aware there were new ways of avoiding FX and international fees, particularly as we expanded into the UK.
We were quite surprised by Airwallex and its tiny international fees – this has been incredible for our company and has allowed us to put that money back into growth at the new London office. Airwallex also allows us to take payments in British Pounds through a dedicated GBP account, making it easy for British clientele to purchase our services. And the best part is, I didn’t have to travel to London to get this opened! I did it all from my computer at home.
Once the money is paid in pounds it is then easily convertible through our Airwallex account – the process is really simple and takes next to no time to convert and withdraw.
We are truly thrilled with the product range Airwallex offers. First, they provided us with an awesome suite of virtual debit cards. These virtual cards make it so easy for me and the finance team to keep track of company expenditure enabling our team to make their own software purchases while still remaining in control of overall expenses. The card limit feature has been a lifesaver.
We also wanted to quickly and easily establish a UK bank account but were concerned this could take some time, particularly as I wasn’t up for travelling during a pandemic. Thankfully, we were able to streamline the process of opening a UK account without all the red tape.
Airwallex’s global accounts product easily allows to take payments from the UK and allows for accounts in major tech centres like the US and Asia – areas we are also looking to expand into in the near future.
When we do decide the time is right to make the US or Asia move, we know that we can trust Airwallex’s global accounts service to work as smoothly and as simply as our British account. Each one of our global accounts is directly linked to our Xero account, making the accounting process for international payments an absolute sinch.
I suppose what’s made Airwallex such an amazing company to partner with is how easy it was to sign up and how easy it has made international finance for our company.
First, we completed a quick online sign-up – documents and all. The Airwallex team was super quick when it came to approving our account – we were on our way in absolutely no time. Before we knew it, we were on the platform, with our British accounts right there in front of us, converting pounds to AUD and streamlining the payments to our Xero account.
Our accounts team raves about the simplicity of having Airwallex directly linked to our UK spending and collecting – they have all the information right there in front of them and don’t have to go back and forth to receive info on transactions.
I would totally recommend Airwallex to any Aussie business owner looking to take their brand to the global stage – it’s the smartest option.
This article contains factual information about Airwallex’s ability to provide certain financial products and services and its contact information. All reviews and opinions expressed in this post are based on my personal view. I may receive a commission and other benefits for referring you to Airwallex, at no extra cost to you.