Expensify vs Airwallex
Quick verdict: Expensify is our overall pick for Expensify vs Airwallex.
Expensify prices the expense report per member; Airwallex prices the multi-currency account per user and gives expense management away inside a payments product.
| Tool | Rating | Pricing | Best for |
|---|---|---|---|
| Expensify Best overall Best free | 4.2/5 | $5/member/mo (Collect) | Expensify is the pay-as-you-go outlier of expense management: Collect is a flat $5 per uni… |
| Airwallex Best for teams | 4.1/5 | Free $12/user/mo (Grow) plus platform fee | Airwallex is the multi-currency account layer that also does spend: Explore is $0 per user… |
Bottom line: single-entity, USD-only, receipts are the problem - Expensify. Four entities in four currencies, or international suppliers - Airwallex, where the interchange and FX lines matter far more than the $5. Expensify Collect is $5 per unique member a month. Airwallex Explore is $0 per user a month with unlimited multi-currency cards and zero international fees; Grow is $12 plus a platform fee. Expensify. Its expense product is finished and its price is a number you can put in a budget; Airwallex lists several expense and accounting features as still arriving.
Pricing and details
Expensify · 4.2/5
Free 30-day trial of Collect · $5/member/mo (Collect)
Charged per unique member on Collect and per active member on Control, so employees who never submit an expense still count on Control; orgs whose first workspace predates 2025-04-01 stay on legacy Collect pricing
Only Control Workspaces can hold an Annual subscription; Card usage can cut the included-member price by up to 50% ($18 to $9 per member/month on USD billing)
Expensify is the pay-as-you-go outlier of expense management: Collect is a flat $5 per unique member a month, and Control annual starts at $18 per member included, dropping to $9 with Expensify Card volume discounts.
Score breakdown
Pros
- The cheapest honest price in the cluster - $5 per unique member a month for the full expense product, with no annual lock-in on Collect
- No card requirement: Bring Your Own Card imports feeds from more than 10,000 banks and reimbursements work without an Expensify card
- Collect is pay-per-use only, so a team that shrinks does not keep paying for seats it stopped using
- Annual Control pricing can drop to $9 per included member a month at full Card-volume discount, the deepest published discount in the set
Cons
- Collect counts unique members while Control counts active members, so the two plans do not scale the same way and the effective price can rise at the exact moment a team grows
- No free plan at all - the entry point is a 30-day trial of Collect, and every vendor that publishes a $0 tier beats it on that alone
- The most capable product - approval chains, accounting connectors, the corporate card - lives on the Expensify Card path, which is where most of the revenue sits and therefore where the pricing is most involved
Pricing verified 2026-10-03
Airwallex · 4.1/5
Free plan available · $12/user/mo (Grow) plus platform fee
Subscription per user plus a team-size platform fee, with payment and card rails charged separately: 2.80% + $0.30 domestic, 4.30% + $0.30 on international cards, 0.50% per successful subscription transaction, $15-$25 per wire, and $12 per active Spend user/month above the 10 free Spend users up to 250
No published annual rate; monthly prices are stated in USD and the page notes that terms and additional fees may apply
Airwallex is the multi-currency account layer that also does spend: Explore is $0 per user per month, Grow is $12 per user per month plus a platform fee, and Accelerate is custom - with up to 10 free Spend users.
Score breakdown
Pros
- The only vendor here that publishes its transaction economics as actual numbers: domestic cards 2.80% + $0.30, international 4.30% + $0.30, subscriptions 0.50% per successful transaction, wires $15-$25
- Business accounts in 20+ currencies, local collection accounts and like-for-like settlement in the same product as the cards
- A free tier that includes unlimited multi-currency corporate cards with zero international fees, not a stripped trial
- Up to 10 free Spend users above the subscription fee, so a rollout does not start billing on day one
Cons
- Expense reporting is the junior product here - the roadmap even lists several expense and accounting features as coming soon
- Grow is $12/user/month plus a team-size platform fee, and the fee is not published as a number
- Single-platform concentration: if you need deep accounting integration, the NetSuite and Dynamics connectors sit on Grow and above
Pricing verified 2026-10-03
Frequently asked questions
Which is better overall, Expensify or Airwallex?
Expensify is our overall pick (4.2/5 vs 4.1/5). Expensify prices the expense report per member; Airwallex prices the multi-currency account per user and gives expense management away inside a payments product.
Do Expensify and Airwallex offer free plans?
Airwallex has a free tier. Expensify paid plans start at $5/member/mo (Collect); Airwallex paid plans start at $12/user/mo (Grow) plus platform fee.
What does Expensify cost?
$5/member/mo (Collect) — Charged per unique member on Collect and per active member on Control, so employees who never submit an expense still count on Control; orgs whose first workspace predates 2025-04-01 stay on legacy Collect pricing. Prices were last verified on 2026-10-03.