Weel vs Airwallex: features, pricing and benefits explained

Weel is Australia and New Zealand's leading spend management platform, bringing together:

• Virtual & physical Visa debit cards
• Flexible team, project, and grant-level budgets
• Real-time expense controls & receipt capture
• Automated reimbursements
• AI-powered and automated workflows
• Accounts payable automation
• Deep, two-way integrations with Xero, QuickBooks, MYOB, and NetSuite, as well as an Open API

Weel’s strength lies in helping finance teams enforce policy, control budgets, and gain instant visibility across all spend.

Airwallex is a global banking and payments platform, known for its strong foreign exchange capabilities, multi-currency accounts, and international transfers. It provides cards and expense management features; however, expense management is not its core focus.

Weel’s starter plan, Basic, begins at $135/month. It includes all the essentials finance teams need, such as corporate cards, reimbursements, and accounting integrations. More advanced features, such as rule-based approvals, custom expense fields, and invoice payments, are available on higher-tier plans. Dedicated Account Managers are reserved for Enterprise customers.

Card fees

‍The Basic plan includes five users per month, with additional users available at $5 each. This keeps costs predictable while scaling across teams.

Transaction fees

‍Weel offers free local transactions within Australia and New Zealand. For international spending, transactions in foreign currencies incur a 0.95% FX fee plus a small conversion margin (up to 1%). While Weel doesn’t provide multi-currency accounts, businesses can still use their cards abroad.

Additional fees

‍The Basic plan covers 50 expense records per month. Additional records are charged at $0.75 each, making it easy to scale usage as your team grows.

Pros

• Virtual and physical corporate cards

• Real-time visibility and reporting across all spend

• Purpose-built for controlling SaaS subscriptions and distributed team expenses

Cons

• Focused on spend management, not broader banking.

• Debit-based only. No credit facility attached

• Built for businesses, not consumers - focused entirely on finance team's needs

Airwallex’s Grow bundle starts at $99/month. It includes spend management tools alongside features from the Explore bundle, such as local and global accounts, company cards, and payment acceptance. While this looks competitive on price, businesses that only need expense management may find themselves paying for a broader set of banking services they don’t actually use. Dedicated Account Managers are only available to qualifying customers.

Card fees

The Grow plan includes just two spend users per month, with each additional user costing $15. While Airwallex offers up to 50 company cards for free, these cards are limited compared to Weel’s flexible, unlimited employee card model.

Transaction fees

‍Airwallex promotes free local and international transactions to 180+ countries. However, currency conversions come with a 0.5–1% FX margin above the mid-market rate, which can add up for businesses with regular overseas payments.

Additional fees

‍Because Airwallex operates as a broader banking platform, some advanced tools and features may be locked behind higher-tier bundles, meaning businesses often pay more to unlock the same level of functionality Weel includes at lower tiers.

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Pros

• Competitive on international transfers and FX rates

• Global accounts and multi-currency wallets for businesses operating across borders

• Payment acceptance tools and business savings accounts, in addition to spend management

Cons

• Frequent product changes. Constant updates can disrupt established finance workflows

• Limited user inclusions - only two spend users included, with each extra user costing $15/month

• Expense management is not core, but rather positioned as an add-on rather than a dedicated solution