Compare Airwallex (UK) vs Pay Set

Airwallex (UK)

Airwallex (UK) Limited Logo
TheBanks.eu Rating
Excellent  (4.22)
high speed, low cost global payments

Airwallex (UK) Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Airwallex (UK) is focused on high speed, low cost global payments. The company offers foreign exchange, international payments, global accounts, payment cards, card acceptance, payment gateways, payment links to business entities. In 2022 Airwallex (UK) Limited had total assets of 155.00 mln GBP, and generated net income of -2,291,868.00 GBP. During 2022 the company had 71 employees in average.



Pay Set

#3 EMI in EUROPE, #2 EMI in the UNITED KINGDOM
Pay Set Limited Logo
TheBanks.eu Rating
Excellent  (4.87)
providing multi-currency IBAN accounts

Pay Set Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Pay Set is focused on providing multi-currency IBAN accounts. The company offers personal IBAN accounts, business IBAN accounts, prepaid cards, payment gateways, international money transfers, local money transfers, global pay roll, foreign exchange to private individuals, freelancers, entrepreneurs, small and medium sized businesses, enterprises, financial institutions, startups, marketplaces, affiliate programs. In 2022 Pay Set Limited had total assets of 26.96 mln GBP. Pay Set is ranked #3 EMI in Europe, #2 EMI in the United Kingdom.


Business Overview

Products
  • global accounts
  • payment cards
  • personal IBAN accounts
  • business IBAN accounts
  • prepaid cards
  • payment gateways
Services
  • foreign exchange
  • international payments
  • card acceptance
  • payment gateways
  • payment links
  • international money transfers
  • local money transfers
  • global pay roll
  • foreign exchange
Clients
  • business entities
  • private individuals
  • freelancers
  • entrepreneurs
  • small and medium sized businesses
  • enterprises
  • financial institutions
  • startups
  • marketplaces
  • affiliate programs
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TheBanks.eu Review

Overall Rank#3 EMI in EUROPE, #2 EMI in the UNITED KINGDOM
Operating EnvironmentVery Friendly (4.81)Very Friendly (4.81)
Product RangeAverage (3.05)Broad (3.43)
Market NicheBroad (3.43)Very Broad (4.94)
Company BackgroundStrong (4.17)Strong (3.56)
Customer SupportGood (3.81)Excellent (4.56)
Customer SentimentGood (3.76)Excellent (4.59)
TransparencyHigh (3.91)Very High (4.94)
Overall RatingExcellent (4.22)Excellent (4.87)

Compare Business Accounts

CurrencyUSD, SGD, HKD and 8 moreAUD, BHD, BGN and 30 more
Payment Cards physical
virtual
physical
virtual
Dedicated IBAN available (DE IBAN) available (GB IBAN)
UK Account Number available available
Customer GroupsUK basedall countries
Pricing Planssingle for all customerssingle for all customers
Open Account Open Account

Currency

Global Account is a multi-currency account, allowing the account holder to have funds in the following currencies: USD, SGD, HKD, CNH, JPY, AUD, CHF, CAD, EUR, GBP, NZD.

Business Multi-Currency Account is a multi-currency account, allowing the account holder to have funds in the following currencies: AUD, BHD, BGN, CAD, CNY, HRK, CZK, DKK, EUR, HKD, HUF, ILS, JPY, KEN, KWD, MXN, NZD, NOK, OMR, PLN, QAR, RON, RUB, SAR, SGD, SEK, CHF, THB, TRY, AED, UGX, GBP, USD.

Payment Cards

A payment card can be ordered together with Global Account.

Prepaid Currency Card (MasterCard) can be ordered together with Business Multi-Currency Account.

International Transfers

  • SWIFT Transfers

  • SWIFT Transfers
  • SEPA Transfers
  • CHAPS Transfers
  • Faster Payments
  • ACH Transfers
  • EFT Transfers

IBAN Countries

Dedicated IBANs assigned to Global Account belong to Germany.

Dedicated IBANs assigned to Business Multi-Currency Account belong to the United Kingdom.

Pricing Plans

Global Account is offered with a single pricing plan for all customers.

  • Global Account
  • offered to: UK based
  • Initial Fee 0.00 GBP
  • SWIFT Out 10.00 GBP
  • SWIFT In 10.00 GBP
  • Faster Payments 0.00 GBP
  • FX Markup Rates min 0.50%; max 1.00%
  • Xero integration
  • Open Account

Business Multi-Currency Account is offered with a single pricing plan for all customers.

  • Business
  • offered to: all countries
  • Initial Fee 95.00 GBP
  • Monthly Fee 29.00 GBP
  • SEPA Out 0.40%; min 6.00 GBP
  • SEPA In 0.00 EUR
  • SWIFT Out 0.45%; min 30.00 GBP
  • SWIFT In 0.00 EUR
  • Open Account

Account Opening

How to Open Airwallex (UK) Account

Opening Global Business Account
1.
Provide your details online
2.
Provide your company details
3.
Upload your UBOs details
4.
Upload your directors details
5.
Account is ready to use in 1 - 3 days



Airwallex currently only offers accounts to businesses, and not to individuals for personal use.
Airwallex business accounts are strictly for the purpose of business transactions where goods or services are sold, either to a business or an individual.
Certain business types are restricted from using Airwallex due to government regulations and/or increased risk of money laundering and terrorism financing.
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