Zeller vs Airwallex: compare on fees, features and benefits
An easy-to-use and cost-effective way to handle your business’ finances can make a huge difference to your day-to-day operations. At the heart of your financial activity, you’ll need a business account that’s flexible and can match your ambitions.
Zeller and Airwallex are both fintechs that offer digital-first solutions for businesses. Let’s compare the main business account offerings from each provider.
What is Zeller?
Zeller is an Australian fintech that offers payment solutions and financial services to businesses operating in Australia only. They aim to provide one solution for all business finance operations, including payments, accounts, corporate cards, and analytical tools.
With a customer base of 85,000, Zeller’s integrated solution is available online and via a mobile app, providing merchants with insights to make informed decisions. Whilst they are known for their POS system, Zeller’s Transaction Account is required to access all POS features.
What is Airwallex?
Airwallex is also an Aussie fintech, founded in Melbourne. Airwallex is an all-in-one financial platform designed to help businesses simplify financial operations and facilitate seamless international expansion. Airwallex offers competitive features to Zeller, while going beyond with global features, including advanced cross-border payments capabilities, multi-currency accounts, and competitive foreign exchange rates.
The core features of our Business Account include;
Multi-currency accounts to collect, hold and transact balances in 23+ major currencies and accept payments from 130+ currencies
Payment solutions built for global eCommerce, empowering users to accept over 180+ local and international payment methods
Integrations with popular business accounting, eCommerce and marketing platforms
Yield, our high-rate business saver, which helps users grow both AUD and USD balances with competitive returns
Find out for yourself how Zeller compares to Airwallex
Compare Zeller with Airwallex
The below table compares the features of Zeller’s Business Transaction Account and Airwallex’s Business Account (available on our starter bundle, ‘Explore’).
Features | Zeller’s Business Transaction Account | Airwallex Business Account - Explore Bundle |
---|---|---|
Monthly Fees | $0/month | $0-$29 ($0 if users meet a modest fee waiver) |
Available For | Sole traders and business owners over the age of 18 | Australian or international companies and partnerships |
Multicurrency Account | ❌Additional account required | ✅ Open accounts fast in 23+ countries |
Global Payout Coverage | ❌ | 130+ currencies |
Local transfer fees | Free | Free |
International transfer fees | ❌Not available. Zeller only operates within Australia. | Free |
FX rates | ❌Not available. Zeller only operates within Australia. | 0.5%-1% |
Point of Sale (POS) System | ✅Additional costs required as this is not included in the transaction account. | ⏰Coming Soon in 2025 |
Employee cards | ✅$9/month for each corporate card | ✅ 2 free Visa debit employee cards and up to 10 free company cards |
Bulk payments | ❌ | ✅ |
Payment gateway | ✅ | ✅ |
Accounting integrations | ✅ | ✅ |
Expense management | ✅ | ✅ |
High-rate saver | ✅ Additional account required | ✅ Earn competitive returns on AUD and USD with Yield |
Find out for yourself how Zeller compares to Airwallex
Zeller Business Transaction Account fees explained
Account fees: Zeller offers the Business Transaction Account for no monthly account fees.
Transaction fees: Zeller has free local transactions via their Business Transaction Account. Zeller does not facilitate international transfers. However, the Zeller Business Debit Card allows users to make payments anywhere Mastercard is accepted, which incurs a 2.99% foreign conversion fee on international transactions.
Invoice Fees: Zeller Invoice payments incur a fee of 1.7% + 25c per transaction for payments made by cards issued within Australia. For international cards, they are 2.9% + 25c per transaction.
Additional fees: Fees apply for additional features that users may want to implement such as POS with Zeller Terminal. However, for just the Zeller Business Transaction Account, no hidden fees apply.
Card fees: Zeller offers a single card for the account owner and additional employee cards may be purchased for $9/month.
Airwallex ‘Explore’ Business Account fees explained
Account fees: Airwallex’s ’Explore’ bundle is offered at $29 /month or $0 if you deposit $5k per month or hold a minimum balance of $10k. With this bundle, users access our dynamic Business Account, including our next-generation Global Accounts, advanced Payment Acceptance features, up to 10 corporate cards and helpful integrations.
Transaction fees: Airwallex doesn’t charge transaction fees to the 110+ countries where we have access to local payment networks so you can collect, hold and send multiple currencies at no or low cost.
FX rate: Airwallex only charges 0.5 - 1% above the interbank rate for currency exchange.
Card fees: Airwallex Employee Cards are free for the first two cardholders, then come at a cost of $15 per month for each additional card holder. Employee Cards allows admins to easily track, approve, and reconcile expenses online.
Users can create Airwallex virtual cards to spend in multiple currencies at home and abroad with 0% transaction fees.
Compare additional features between Zeller and Airwallex
Global accounts: Airwallex uniquely offers multi-currency accounts in 23 countries, allowing users to receive and send money seamlessly in 130+ different currencies with no hidden fees. Airwallex offers free international transfers at a low markup of 0.5%-1% per transaction and allows like-for-like settlements in 14 currencies, meaning you can skip the currency conversion fees altogether. The Zeller Business Transaction Account doesn't hold funds in other currencies, and doesn't allow business owners to make payments internationally.
For businesses with international clients and customers, Zeller may not be a viable option.
Cards: Zeller and Airwallex both offer cards to account holders and employees, allowing business owners to empower their employees with cards to spend on company-related expenses. Zeller's corporate virtual cards cost $9/month whereas Airwallex offers two free cards and $15/month for any additional physical or virtual cards. These cards have built-in expense management tools so that users can easily consolidate and track budgets and spending.
Payment gateway: Airwallex’s Business Account offers extensive payment acceptance capabilities, including custom payment links and no code checkout solutions. Business owners from all backgrounds, non-technical to highly technical, are able to implement Airwallex payment gateways to provide customers with a great eCommerce experience.
Zeller does not offer eCommerce payment gateways but instead offers a POS for physical payment methods or virtual terminals, which incur transaction fees of 1.7-2% + 25c. Airwallex’s payment gateway does not charge transaction fees locally or internationally to 110+ countries.
High-rate saver: Zeller’s Business Transaction Account does not offer any interest savings as it is purely a transacting account. For businesses to receive interest, an additional account is required.
On the other hand, Airwallex’s Business Account comes with Yield – a high-rate saver that allows customers to earn competitive rates of return without the hassle of opening another account.
Consider Airwallex for a complete financial operations solution
Zeller’s Business Transaction Account and Airwallex’s Business Account both offer ways to handle the transfer of funds from businesses to suppliers and customers. Whilst they both incorporate a more centralised solution than traditional banks, Airwallex has a clear edge in providing the end-to-end financial solution that grows with your business. Airwallex offers the cross-border solutions and cost-effective payment solutions that Zeller has limits with.
As a solution for growing businesses, Airwallex goes beyond Zeller’s Australian business base. Distinctively, Airwallex provides multi-currency accounts and the ability to transfer or receive from 130+ currencies, employee cards with built-in expense management features and integrations to Xero and Quickbooks. Unlike Zeller, Airwallex also offers free local transfers and competitive international transfer rates.
Airwallex’s ‘Explore’ bundle also offers a high-rate saver called Yield to allow businesses’ idle funds to grow effortlessly. Airwallex’s payment acceptance tools offer low to high-touch customisations and plugins for online payments.
Airwallex can help your business accelerate growth by saving you time with one simplified, yet advanced financial solution.
Open a business account in minutes
Sources
https://www.myzeller.com/pricing
https://www.myzeller.com/business-transaction-account
https://support.myzeller.com/accepting-payments
Disclaimer: The information in this article is based on our own online research. Airwallex was not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed annually. If you would like to request an update, feel free to contact us at [[email protected]].
This information doesn’t take into account your objectives, financial situation, or needs. If you are a customer of Airwallex Pty Ltd (ACN 609 653 312, AFSL No. 487221), it is important for you to read the Product Disclosure Statement (PDS) for the Direct Services, available here. If you are a customer of Airwallex Capital Pty Ltd (ACN 661 618 819, AFSL No. 549026), it is important for you to read the PDS for Airwallex Yield, available at www.airwallex.com/au/terms and issued by K2 Asset Management Ltd (ABN 95 085 445 094, AFSL No. 244 393), a wholly-owned subsidiary of K2 Asset Management Holdings Ltd. All investments carry risk.
Share
![](http://images.ctfassets.net/sxag7u4cz1re/2pxnBTtJuAuMf1qvC7y5Sc/664d4bf146cbe1814ad7aa5f433297cc/Screenshot_2024-10-31_at_3.58.47_PM.png?q=70&w=320)
Vanessa is a business finance writer for Airwallex. With experience working at leading B2B technology companies, Vanessa is passionate about helping Aussie businesses, large and small, grow through cutting-edge tech. In her day-to-day, she breaks down complex tech jargon to help businesses streamline their end-to-end financial operations.
Related Posts
![eCommerce payment gateways: What are they and how do they work?](http://images.ctfassets.net/sxag7u4cz1re/64rlH6T2nE2GOYP6oIdXXq/618f57c929c3a7ba8eb630755dc1ef52/T_-_The_complete_guide_to_payment_gateways_for_UK_businesses.png?q=70&w=1008)
eCommerce payment gateways: What are they and how do they work?
•12 minutes