Airwallex vs Trolley
global payouts head-to-head for ERP teams: evidenced capabilities, published pricing, and which ERPs each actually integrates with.
| Starting price | Freemium plus usage fees | Subscription plus transaction fees |
| Deployment | Cloud | Cloud |
| Company size | SMB, Mid-market, Enterprise | SMB, Mid-market, Enterprise |
| Stated ERP integrations | NetSuite, Xero, QuickBooks | NetSuite, QuickBooks, Xero, Microsoft Dynamics 365 |
| Vendor | Airwallex | Trolley (formerly Payment Rails) |
Our take
Where Airwallex leads
- Stronger evidenced coverage on 11 of the 20 capabilities where they differ (led by multi-currency balance holding and local receiving / collection accounts).
Where Trolley leads
- Stronger evidenced coverage on 9 of the 20 capabilities where they differ (led by recurring & scheduled payment runs and kyc / identity verification).
- Stated Microsoft Dynamics 365 integration the alternative doesn't list.
Where they differ
The 20 capabilities (of 37 in the global payouts taxonomy) where the evidence separates them, biggest gaps first. “Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
| Capability | ||
|---|---|---|
| Multi-currency balance holdingMulti-Currency Accounts & FX | Core strength Multi-currency balance holding with yield on USD | Not evidenced |
| Local receiving / collection accountsMulti-Currency Accounts & FX | Core strength Local bank details to receive in 20+ currencies | Not evidenced |
| Recurring & scheduled payment runsMass Payouts & Batch Processing | Not evidenced | Core strength |
| KYC / identity verificationRecipient & Vendor Management | Not evidenced | Core strength Identity and business verification |
| Payee tax reporting & filingRecipient & Vendor Management | Not evidenced | Core strength US IRS compliance, automated withholding, EU DAC7, OECD reporting |
| Vendor compliance & fraud-mitigation checksRecipient & Vendor Management | Not evidenced | Core strength Fraud detection and risk management |
| Corporate / business card issuanceCards & Spend | Core strength Unlimited multi-currency corporate card issuance | Not evidenced |
| Configurable card spending controlsCards & Spend | Core strength Customizable card spending controls | Not evidenced |
| iPaaS / broader app connectivityPlatform & Developer Tools | Not evidenced | Core strength Zapier connector to 1,500+ apps |
| Spot currency conversionMulti-Currency Accounts & FX | Supported Transactional FX via API | Not evidenced |
| Transparent / interbank-rate pricingMulti-Currency Accounts & FX | Supported International transfers at interbank exchange rates | Not evidenced |
| Bulk / CSV batch payment uploadsMass Payouts & Batch Processing | Not evidenced | Supported Batch payment automation |
| Purchase order matchingAP / Invoice Automation | Supported Bill payment automation and purchase order management | Not evidenced |
| Accounts receivable / invoicingAP / Invoice Automation | Supported Invoice generation, subscription and usage-based billing | Not evidenced |
| Multi-currency reconciliationAccounting & ERP Sync | Supported Custom accounting category mapping across currencies | Not evidenced |
| Multiple payout methodsGlobal Payment Coverage & Rails | Supported Bank transfer, card issuing, payment links | Core strength Digital wallets, bank transfers, PayPal, debit card |
| Self-serve recipient / vendor onboardingRecipient & Vendor Management | Supported Programmatic connected-account onboarding for platforms | Core strength Embedded self-serve onboarding forms |
| Tax form collectionRecipient & Vendor Management | Not evidenced | Partial Tax compliance module implies W-9/W-8-style collection but not explicitly named |
| Accounting bank-feed syncAccounting & ERP Sync | Core strength Live bank feed into Xero, NetSuite and QuickBooks Online | Supported QuickBooks and Xero sync |
| Two-way ERP / accounting syncAccounting & ERP Sync | Core strength Bi-directional Xero and NetSuite integration (expenses, bills, payables) | Supported Trolley Sync reconciles invoices, bills and journal entries with the ERP; NetSuite in beta |
Both grade identically on the other 17 capabilities — see each product's full profile: Airwallex, Trolley.
Airwallex vs Trolley — FAQs
Is Airwallex or Trolley better for ERP integration?
Both state integrations with NetSuite, Xero, QuickBooks. Trolley additionally lists Microsoft Dynamics 365. Always verify the connector against your ERP version with a reference customer.
Which is cheaper, Airwallex or Trolley?
Neither publishes a list price — both quote. Ask each for the all-in first-year cost at your seat count, as one number, and compare those.
Get pricing for both
Tell us your ERP, seat count and must-haves and we'll come back with an independent view of what Airwallex and Trolley should each cost you — and whether a third option belongs on your shortlist.