Business payments don't have to be complicated
Try Sokin and see for yourself
Sokin or Airwallex:
Which is right for your business?
Compare pricing, FX, global reach, and payment capabilities to see how Sokin and Airwallex stack up.
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Morgan Stanley invests to become our trusted partner in growth.
Recognised as one of the fastest-growing private technology companies.
Transparent FX & fees
No surprise costs
Hands on support
Local & global payment routes
Sokin puts Australian businesses first
Pricing that stays predictable
No subscription. Flat fees. Transparent FX. No corridor-based pricing; just predictable costs.
Speed where it matters most
Fast local AUD payments and global transfers designed for businesses operating internationally.
Real people, real support
Clear communication and fast resolutions from real people when your business needs support.
Why Australian businesses are choosing Sokin
Sokin is designed for finance teams that value clarity, control and operational speed in local and cross-border payments. With predictable costs, local AUD rails, and global reach, Sokin helps Australian companies scale without complexity.
Airwallex*
Monthly fee**
Explore plan $29 monthly, free if £10K stored or deposited
🏆 No monthly fee
Currency exchange fee**
Interbank rate + 0.5% - 1% fee depending on currency
Wholesale rate + 0.3% - 1% depending on currency
Transfer fee**
From $10 - $30 if local routes are unavailable, otherwise free
From £5
Inbound fee
Only on payments via local routes
🏆 No inbound fee
Local account details
🏆 12+ regions including GBP, EUR, USD
5 regions incl. AUD, CAD GBP, EUR, USD
Hold and manage multiple currencies
20
🏆 26
Countries you can send to
200
170
Earn on balances***
Per annum rate of3.50% AUD3.28% USD
🏆 AER of up to3.74% GBP3.74% USD1.78% EUR
Payout currencies
60+
70+
Accounting Integrations
🏆 6 accounting services (inc Sage, Xero, NetSuite)
Sage, Xero, NetSuite, QuickBooks
Marketplace collections
🏆 2000+
No
Instant payment option
Yes, via Airwallex pay
Yes, via Sokin Direct
Disclaimer:
*Airwallex information shown is based on publicly available pricing and product details (based on the Airwallex Explore plan) as at February 5, 2026. Fees, features, and availability may vary by country, entity type, and customer profile.
**May vary by region
*** Sokin Premium wallets and Boosts are subject availability depending on your region. Sokin reserves the right to withdraw or not offer this product to any account. Premium Wallets and the Boost functionality is only available to Sokin Business Customers who have a multi-currency account. The Interest rates outlined are correct as of 1st September 2025 and are subject to change depending on the Central Bank rate change.
*Airwallex information shown is based on publicly available pricing and product details (based on the Airwallex Explore plan) as at February 5, 2026. Fees, features, and availability may vary by country, entity type, and customer profile.
**May vary by region
*** Sokin Premium wallets and Boosts are subject availability depending on your region. Sokin reserves the right to withdraw or not offer this product to any account. Premium Wallets and the Boost functionality is only available to Sokin Business Customers who have a multi-currency account. The Interest rates outlined are correct as of 1st September 2025 and are subject to change depending on the Central Bank rate change.
Compare the landscape
Every global payments partner offers something different. Explore our comprehensive blog to ensure you have the agility and reach your business demands.
3 reasons to consider Sokin over Airwallex
- Forecast with confidenceNo subscription fees. Earn competitive returns on key foreign currency balances with Balance Boosts and keep global payment costs predictable.
- Domestic & global payments in one placeManage AUD payouts and international transfers from the same platform, with accounting platform integrations.
- Built for control and trustEnterprise-grade controls, segregated client funds, and institutional backing from Morgan Stanley to support global payment operations with confidence.
All the currencies you need.
At our best rates, guaranteed.
cad
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
cad
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
chf
cnh
eur
huf
jod
jpy
mxn
nzd
pln
chf
cnh
eur
huf
jod
jpy
mxn
nzd
pln
ron
rsd
sar
sek
tnd
all
aoa
brl
egp
cad
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
myr
ngn
zar
nok
try
krw
inr
chf
cnh
eur
huf
jod
jpy
mxn
nzd
pln
See our real impact
70+
payout currencies
170
Countries you can send to
$8B
payment volume processed
Products we offer
Multi-currency Accounts
Receive funds in 26 currency accounts across local and multi-currency accounts.
FX & Payments
Send fast international payments to over 170 countries in 70+ currencies.
Balance boost
Switch on your Boost to earn upto 3.5% AER on unlimited USD, EUR and GBP balances.
Payment gateway
Ecommerce payment gateway that supports your domestic & international customer base.
Accounting integrations
Connect directly with your existing ERP and accounting platforms to fuel efficiency.
Questions and Answers
Does Airwallex always charge a monthly fee?
In the UK, Airwallex’s business plans start at £19 a month, though you can avoid the fee if you keep at least £10,000 in your account. With Sokin, there are no monthly fees at all – and no balance requirements.
What are Airwallex’s SWIFT fees?
If you send money via SWIFT with Airwallex, you’ll usually pay between £10 and £20 per transfer. SWIFT fees on Sokin go as low as 5 units.
How fast are international transfers on Airwallex?
Airwallex transfers can arrive the same day or take up to two days, depending on the route. Sokin sends money instantly between Sokin accounts and offers access to local routes which are typically the fastest routes in the region.
Which payment methods are available to customers?
Customers can pay via popular cards, including Visa and Mastercard, and wallets, including Apple Pay and Google Pay.
