Airwallex
Airwallex is a global financial platform providing businesses with multi-currency accounts, international money transfers, corporate cards, and online payment acceptance to simplify cross-border transactions and financial operations.
Shoeboxed
Shoeboxed is a specialized document management software that digitizes paper receipts and business cards into audit-ready data to simplify your expense tracking, tax preparation, and bookkeeping processes.
Quick Comparison
| Feature | Airwallex | Shoeboxed |
|---|---|---|
| Website | airwallex.com | shoeboxed.com |
| Pricing Model | Freemium | Subscription |
| Starting Price | Free | $18/month |
| FREE Trial | ✘ No free trial | ✓ 30 days free trial |
| Free Plan | ✓ Has free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2015 | 2007 |
| Headquarters | Melbourne, Australia | Durham, USA |
Overview
Airwallex
Airwallex is a comprehensive financial platform designed to help you manage global business operations without the high fees of traditional banks. You can open local currency accounts in minutes, allowing you to receive, hold, and settle funds in over 11 currencies like a local. This eliminates unnecessary conversion costs and speeds up your international cash flow.
The platform also enables you to issue virtual and physical corporate cards for your team, providing real-time visibility into global spending. You can integrate your existing tech stack with their robust API to automate high-volume payouts and reconcile transactions directly with your accounting software. It is built for modern businesses, from startups to large enterprises, looking to scale globally with ease.
Shoeboxed
Shoeboxed helps you eliminate the headache of manual data entry by turning your physical piles of receipts into organized digital data. You can simply mail your documents in a pre-paid Magic Envelope or use the mobile app to snap photos on the go. The platform uses a combination of OCR technology and human verification to ensure your data is accurate and categorized for tax season.
Beyond just storing images, you can generate comprehensive expense reports and export data directly to your favorite accounting tools. It is designed specifically for small business owners, freelancers, and frequent travelers who need to stay organized without spending hours on paperwork. You get a centralized, searchable database that makes audits stress-free and keeps your finances in clear view.
Overview
Airwallex Features
- Global Accounts Open local bank accounts in seconds to collect and hold multiple currencies without paying high conversion fees.
- International Transfers Send money to over 150 countries with transparent, market-leading FX rates that beat traditional banking costs.
- Borderless Cards Issue multi-currency corporate cards to your team instantly and manage global business expenses in real-time.
- Online Payments Accept payments from customers worldwide using local methods and settle directly into your multi-currency wallet.
- Bill Pay Upload and pay your international invoices in bulk to save time and reduce manual data entry errors.
- Accounting Sync Connect your accounts directly to Xero, NetSuite, or QuickBooks to automate your monthly bookkeeping and reconciliation.
Shoeboxed Features
- Magic Envelope Service. Mail your pile of paper receipts in a pre-paid envelope and let professionals scan and verify everything for you.
- Mobile Receipt Capture. Snap photos of receipts with your phone to instantly upload and extract key data like vendor, date, and total.
- Audit-Ready Storage. Store high-resolution images of your receipts that are officially accepted by the IRS and Canada Revenue Agency for audits.
- Business Card Digitization. Transform physical business cards into a digital contact list that you can export to your CRM or email marketing tools.
- Expense Report Generation. Create professional PDF or CSV expense reports with attached receipt images to simplify your reimbursement and tax filing.
- Automatic Gmail Sync. Connect your Gmail account to automatically pull digital receipts from your inbox into your Shoeboxed dashboard for central tracking.
Pricing Comparison
Airwallex Pricing
- No monthly account fees
- Local accounts in 11+ currencies
- Unlimited virtual employee cards
- Batch payment capabilities
- Xero and QuickBooks integration
- Everything in Standard, plus:
- Custom FX margin pricing
- Dedicated account management
- High-volume payout API
- Customized onboarding support
- Advanced security configurations
Shoeboxed Pricing
- Up to 25 documents per month
- 1 user included
- Unlimited receipt storage
- Mobile app access
- Email and OCR processing
- Standard integrations
- Everything in Startup, plus:
- Up to 150 documents per month
- Unlimited users
- Magic Envelope mail-in service
- Free shipping both ways
- QuickBooks and Xero integration
Pros & Cons
Airwallex
Pros
- Significant savings on international currency exchange rates
- Fast account setup compared to traditional banks
- User-friendly interface for managing multiple currencies
- Seamless integration with popular accounting software
- Instant issuance of virtual corporate cards
Cons
- Customer support response times can vary
- Verification process can be strict for some
- Limited physical branch access for cash deposits
Shoeboxed
Pros
- Human-verified data ensures high accuracy levels
- Magic Envelope service saves hours of scanning
- IRS-accepted digital images provide peace of mind
- Simple mobile app for instant receipt capture
Cons
- Mail-in processing can take several days
- Monthly document limits are strictly enforced
- Subscription costs are higher than basic apps