Singapore · fees checked 30 Oct 2026
On a S$2,000 invoice paid by card
| HitPay | Airwallex | |
|---|---|---|
| Card on an invoice (domestic) | 3.0% + S$0.50 | 3.30% + S$0.50 |
| S$2,000 invoice by card | S$60.50 | S$66.50 |
| Local supplier payment | Free | Free |
| Bill approvals | No monthly fee | Grow plan, $79/month |
Lower fee in bold. List rates, excl. GST, checked 30 Oct 2026. Worked example below.
QUICK ANSWER
HitPay and Airwallex both let Singapore businesses send invoices with a payment link and pay suppliers. On HitPay, a domestic card payment on an invoice costs 2.8% + S$0.50 plus a 0.2% invoicing fee, with no monthly fee. Local supplier payments through Bill Pay are free, and approval rules come with no monthly fee. Airwallex lists 3.30% + S$0.50 for domestic cards on Payment Links. Airwallex suits businesses that hold many currencies.
Getting paid
Fees checked 30 Oct 2026 on hitpayapp.com/sg/pricing and on Airwallex's own Singapore pages, linked in each table. List rates, excl. GST.
| HitPay | Airwallex | |
|---|---|---|
| Card on an invoice or payment link | Domestic cards 2.8% + S$0.50, plus 0.2% for Invoicing or Payment Links | Domestic cards and wallets 3.30% + 0.50 SGD; +0.3% for international cards |
| PayNow | See current PayNow rates | Local methods on links: 0.50 SGD + payment method fee |
| Monthly fee | None | Explore free; Grow $79/month; Accelerate from $399/month, charged per legal entity |
| Card payouts | T+1 business days | |
| Sources | hitpayapp.com/sg/pricing | Payment Links · Pricing |
Paying suppliers
Local supplier payments are free on both. For international payments the table shows FX; other transfer fees are on each company's pricing page.
| HitPay Bill Pay | Airwallex | |
|---|---|---|
| Local supplier transfer | Free | Free |
| International transfer (FX) | FX from 0.5% | FX 0.4% to 0.6% above interbank |
| Countries | 150+ countries and territories | 120+ by local rails, 200+ overall |
| Bill approvals | Approval rules included, no monthly fee | "Customisable, multi-conditional approvals" on Grow ($79/month) |
| Pay from collected balance | Yes, from your available HitPay Balance | |
| Sources | /sg/pricing · How Bill Pay works | Transfers · Pricing |
Xero
HitPay puts a pay button on Xero invoices and syncs Bill Pay with Xero. Airwallex wording is quoted from its own Xero and Bill Pay pages.
| HitPay | Airwallex | |
|---|---|---|
| Pay button on Xero invoices | Yes, PayNow and card on Xero online invoices (Singapore); a 0.2% plugin fee applies on top of the method rate | |
| Daily sales feed | Sales, fees and refunds feed into Xero daily | Bank feeds per currency, "syncing every four hours"; transactions "automatically sync hourly" |
| Bill Pay sync | Imports your Xero suppliers; approved bills are pushed to Xero with the mapped account code and marked paid when you pay them | Bill Pay imports invoices from NetSuite, Xero and QuickBooks |
| Sources | /sg/xero | Xero integration · Bill Pay |
Worked example
HitPay: 2.8% + S$0.50 plus the 0.2% invoicing fee is 3.0% + S$0.50. 3.0% × S$2,000 = S$60.00, plus S$0.50 = S$60.50. Airwallex: 3.30% × S$2,000 = S$66.00, plus S$0.50 = S$66.50.
| HitPay | Airwallex | |
|---|---|---|
| Rate | 2.8% + S$0.50, plus 0.2% invoicing = 3.0% + S$0.50 | 3.30% + S$0.50 |
| Percentage fee on S$2,000 | 3.0% × S$2,000 = S$60.00 | 3.30% × S$2,000 = S$66.00 |
| Fixed fee | S$0.50 | S$0.50 |
| Total fee | S$60.50 | S$66.50 |
| You receive | S$1,939.50 | S$1,933.50 |
Fit Assessment
The right choice depends on your transaction profile and business model.
When Airwallex is the better choice
You hold and manage balances in many currencies
You want global accounts to receive and pay in many currencies
You need corporate cards for team spend
You pay suppliers or teams globally
Why Singapore SMEs pick HitPay
One account to get paid and to pay suppliers
PayNow and cards, online and in store
MAS licensed
Trusted by 20,000+ businesses
Mainly need to accept payments in Singapore? See Airwallex alternative for Singapore.
frequently asked questions
Is HitPay cheaper than Airwallex for invoice payments in Singapore?
Are local supplier payments free on HitPay?
Do I need a paid plan for bill approvals?
Does HitPay work with Xero like Airwallex?
Can I pay suppliers from money I've collected on HitPay?
Can I hold USD or EUR balances on HitPay like Airwallex?
Is HitPay licensed in Singapore?
Still have questions?
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