Airwallex vs Revolut Business in Ireland (2026) - Full Comparison

Airwallex vs Revolut Business - Feature Comparison

Feature	Airwallex	Revolut Business
Irish IBAN Issuance	No. Airwallex issues Dutch NL IBANs to Irish business customers. SEPA prohibits IBAN discrimination in principle, but Irish payroll and Direct Debit creditor setups run more smoothly with an IE IBAN.	Yes. Irish IE IBANs issued via the Revolut Bank UAB Irish branch, accepted natively in Irish payroll and SEPA Direct Debit creditor mandates.
SEPA Coverage	SEPA Credit Transfer supported for outgoing payments and payroll. SEPA Direct Debit coverage is narrower than the main European fintech alternatives; confirm during onboarding if collecting recurring euro payments.	SEPA Credit Transfer and SEPA Instant Credit Transfer both supported. SEPA Direct Debit available. Irish IBAN ensures straightforward creditor mandate setup.
Multi-Currency and FX	Local receiving accounts in 50-plus currencies including EUR, USD, GBP, AUD, NZD, HKD, SGD, CAD, and JPY. Near-mid-market FX rates. Strongest economics on APAC currency pairs.	25-plus currencies supported with competitive FX rates. Strong for EUR, GBP, and USD pairs used by most Irish SMEs. Less depth on APAC currency pairs compared to Airwallex.
Accounting Integrations	Native integrations with Xero, NetSuite, and QuickBooks. Sage integration is partner-mediated rather than direct. No native Irish bank feed.	Native integrations with Xero, QuickBooks, and Sage via API or direct bank feed. Irish bank feeds supported, simplifying reconciliation for Irish SMEs on Sage.
Regulatory Status and Deposit Protection	E-money institution authorised by De Nederlandsche Bank, passporting into Ireland. Customer funds safeguarded in segregated accounts at credit institutions. No statutory deposit insurance applies.	Credit institution licensed by the European Central Bank via the Bank of Lithuania, operating via Irish branch. Deposits up to EUR 100,000 protected under the Lithuanian Deposit Insurance scheme.
Irish Customer Support	No dedicated Irish-based support. Coverage provided from European and APAC support hubs.	Irish support available. Support accessible during Irish business hours.
Revenue and PAYE Integration	No Revenue Online Service or PAYE Modernisation integration. Airwallex is a banking and FX product, not a payroll or tax filing product.	No Revenue Online Service or PAYE Modernisation integration. A separate payroll or accounting platform is required for Irish employer tax filings.

Irish Compliance and Pricing Matrix

A side-by-side data comparison of pricing and Irish regulatory compliance for Airwallex and Revolut Business. Values are derived from each vendor's published data and verified weekly.

Requirement	Airwallex	Revolut Business
Pricing
Starting price	Free tier available	From €10/month
Pricing model	Usage-based	Monthly flat rate
EUR pricing guaranteed	✗	✓
Free trial	✓	✓
Irish Compliance
Revenue (ROS) integration	✗	✗
PAYE Modernisation	✗	✗
Irish bank feeds	✗	✓
Bank compatibility	SEPA Credit Transfer	SEPA Credit Transfer, SEPA Instant
SEPA direct debit	✓	✓
Irish IBAN support	✗	✓
VAT handling	✗	✗
EU data residency (GDPR)	EU only	EU only
Irish support	✗	✓
Revenue-approved	✗	✗
CBI regulated	✗	✓

Pricing notes

Revolut Business: Basic from €10/month, Grow from €30/month, Scale from €90/month (verified on revolut.com/en-IE 2026-06-10). No free tier on current plans. - Source

Irish Compliance Comparison

For Irish businesses, compliance with Revenue, GDPR, and local banking standards is non-negotiable. Here is how Airwallex and Revolut Business compare on the requirements that matter most to Irish SMEs.

Revenue Integration

Neither Airwallex nor Revolut Business offers native Revenue Online Service integration. Irish businesses in fintech may not need this feature directly, but should ensure their accounting software handles Revenue compliance separately.

Irish Bank Feeds

Airwallex supports SEPA Credit Transfer. Revolut Business supports SEPA Credit Transfer, SEPA Instant. Revolut Business has broader Irish bank compatibility, which matters if you bank with SEPA Instant - you will get automatic bank feeds or SEPA payment file support that Airwallex cannot offer.

GDPR Data Residency

Both Airwallex and Revolut Business store data in EU data centres, providing strong GDPR compliance out of the box. Irish businesses can use either platform without worrying about cross-border data transfers to the US or other non-EU jurisdictions.

SEPA and IBAN Support

Both Airwallex and Revolut Business support SEPA Direct Debit and Irish IBAN format. This means you can process euro payments, set up direct debits, and handle bank transfers in the standard European format without any manual workarounds.

VAT Handling

Neither Airwallex nor Revolut Business handles Irish VAT directly. This is expected for fintech tools - your accounting software should manage VAT compliance.

Pricing Comparison

All prices below are in euro. Pricing can change - we verify vendor pricing weekly, but always confirm on the vendor's website before purchasing.

Airwallex

Free tier

Pricing model: Usage-based
Free trial: Yes
EUR pricing guaranteed: No - may fluctuate with exchange rates

View Airwallex pricing →

Revolut Business

€10 /mo

Pricing model: Flat rate
Free trial: Yes
EUR pricing guaranteed: Yes

View Revolut Business pricing →

Airwallex does not publish entry-level pricing - request a quote directly. Total cost of ownership depends on users, plan tier, add-ons and features, so always calculate the full annual cost for your team size before committing.

Who Should Choose Airwallex

Airwallex is the better fit if your business matches one or more of these profiles:

✓ Those who value: global multi-currency wallets across 50+ currencies with near-mid-market fx for irish exporters and ecommerce sellers paying apac suppliers.
✓ Those who value: authorised emi under dnb (netherlands) with eu data residency; safeguards customer funds in segregated accounts at credit institutions.
✓ Those who value: local receiving accounts in eur, usd, gbp, aud, nzd, hkd, sgd, jpy and more reduce inbound fx costs on overseas invoicing.

Who Should Choose Revolut Business

Revolut Business is the better fit if your business matches one or more of these profiles:

✓ Companies that value Irish-based phone and email support
✓ Businesses banking with SEPA Credit Transfer, SEPA Instant who want reliable bank feed or payment file support
✓ Those who prioritise user satisfaction - Revolut Business has a higher editorial rating (4.3/5)

Our Verdict

Airwallex leads for Irish SMEs whose primary need is multi-currency treasury and cross-border payouts, particularly exporters billing in USD, AUD, HKD, or SGD, where its local receiving accounts in 50-plus currencies and near-mid-market FX rates materially reduce conversion costs. Revolut Business wins for the broader Irish SME population that needs a primary operating account: it issues Irish IBANs via its Irish branch, supports SEPA Instant Credit Transfer, provides native bank feeds to Xero, QuickBooks, and Sage, and carries EUR 100,000 deposit protection under the Lithuanian Deposit Insurance scheme. The Irish IBAN distinction is the sharpest practical differentiator: Airwallex issues Dutch NL IBANs, which can create friction with Irish payroll runs and SEPA Direct Debit creditor mandates, whereas Revolut Business Irish IBANs are accepted without issue.

Neither product offers native Revenue Online Service integration or PAYE Modernisation support, so Irish employers must manage payroll tax filings through a separate platform regardless of which they choose. For Irish SMEs with heavy international FX volumes, running Airwallex as a specialist FX and payout layer alongside Revolut Business as the primary account is a rational combination, but as a single-vendor pick for day-to-day Irish business banking, Revolut Business is the stronger fit for most companies in the 1 to 50 employee range.

Ultimately, the best choice depends on your specific business needs, team size, and priorities. We recommend taking advantage of free trials from both vendors before making your final decision. If you are working with an Irish accountant or payroll bureau, ask which platform they prefer - their familiarity with the software can save you significant time and hassle during setup and ongoing support.

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Frequently Asked Questions

Is Airwallex or Revolut Business better for Irish SMEs?

Airwallex leads for Irish SMEs whose primary need is multi-currency treasury and cross-border payouts, particularly exporters billing in USD, AUD, HKD, or SGD, where its local receiving accounts in 50-plus currencies and near-mid-market FX rates materially reduce conversion costs. Revolut Business wins for the broader Irish SME population that needs a primary operating account: it issues Irish IBANs via its Irish branch, supports SEPA Instant Credit Transfer, provides native bank feeds to Xero, QuickBooks, and Sage, and carries EUR 100,000 deposit protection under the Lithuanian Deposit Insurance scheme. The Irish IBAN distinction is the sharpest practical differentiator: Airwallex issues Dutch NL IBANs, which can create friction with Irish payroll runs and SEPA Direct Debit creditor mandates, whereas Revolut Business Irish IBANs are accepted without issue. Neither product offers native Revenue Online Service integration or PAYE Modernisation support, so Irish employers must manage payroll tax filings through a separate platform regardless of which they choose. For Irish SMEs with heavy international FX volumes, running Airwallex as a specialist FX and payout layer alongside Revolut Business as the primary account is a rational combination, but as a single-vendor pick for day-to-day Irish business banking, Revolut Business is the stronger fit for most companies in the 1 to 50 employee range.

Which is cheaper, Airwallex or Revolut Business?

Airwallex starts at Free tier available, while Revolut Business starts at From €10/month. Airwallex is the more affordable option at entry level, though total cost depends on the number of users and features you need.

Does Airwallex or Revolut Business have better Irish bank feeds?

Airwallex supports SEPA Credit Transfer. Revolut Business supports SEPA Credit Transfer, SEPA Instant. Revolut Business has broader Irish bank support.

Which has better GDPR compliance, Airwallex or Revolut Business?

Airwallex stores data in EU data centres (GDPR-friendly). Revolut Business stores data in EU data centres (GDPR-friendly). Both offer EU data centre options, though configuration may be required.

Can I switch from Airwallex to Revolut Business?

Yes, migrating between Airwallex and Revolut Business is possible. Most fintech platforms allow you to export your data in CSV or standard formats. We recommend working with your accountant or IT provider to plan the migration, ideally at the start of a new financial year or payroll period to minimise disruption.

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Airwallex vs Revolut Business - Irish fintech Software Compared