Airwallex and Taxbit Team Up to Fix Marketplace Payments, Tax Compliance and Global Reporting

If you operate a growing marketplace, you already know the two biggest headaches of expanding across borders:

1. Moving money to sellers and creators in different countries.
2. Staying compliant with global tax reporting requirements

Historically, marketplaces have been forced into a frustrating compromise. All-in-one platforms try to do both under one roof, but because they try to do everything, they do it poorly. You end up locked into a rigid system with subpar compliance features or expensive payment rails that don't scale.

You don’t have to sacrifice quality for convenience. Global financial leader Airwallex has partnered with top compliance provider Taxbit to create a unified, best-in-class global finance and compliance technology stack. Together, they are connecting the world’s best payment infrastructure with the world’s best global reporting engine giving marketplaces a seamless experience without the compromises.

Why Scaling Internationally is Difficult

Imagine your marketplace connects a buyer in London with a digital creator in Tokyo. Behind that single transaction, your backend is handling compliant onboarding, identity verification, payment acceptance, currency exchange, creator payouts, and global tax reporting.

When platforms patch together different tools to do this, things break. Foreign exchange rates get expensive, and financial data gets messy leading to broken processes with high risk for penalties.

The Airwallex and Taxbit partnership solves this by embedding tax compliance and global reporting directly into your payment workflow.

4 Key Benefits for Marketplaces

Frictionless Onboarding: Verify global sellers, creators, and freelancers without the friction. Airwallex handles identity checks while TaxBit automatically collects account data and generates tax documents in one unified flow.

Virtual Wallets: Keep sellers, creators, and freelancers happy with multi-currency digital wallets and custom branded cards, no matter where they're based.

Automated Global Tax Reporting: Send payouts to over 170 countries through Airwallex, and with TaxBit's APIs embedded directly into your system of record, the correct tax reports are generated automatically across every jurisdiction.

Better Profit Margins: Stop paying for payment networks you didn't choose. Airwallex and TaxBit work with your existing provider while giving you access to competitive FX rates and fully automated compliance.

"Marketplaces today are forced to patch together different systems for payments and tax, which creates a lot of operational friction. By partnering with Taxbit, we are providing a 'future-friendly' infrastructure that handles everything from the first payment to the final tax form." — Airwallex Leadership Team

"Complex global regulations shouldn't stop you from expanding into new jurisdictions. Teaming up with Airwallex allows us to integrate global tax compliance and reporting directly into your payment flow. This ensures that every payment is accounted for and every seller is verified, no matter where they live." — Taxbit Leadership Team

The Bottom Line

By integrating complex payments and global reporting rules into a seamless automated system, Airwallex and Taxbit are taking the administrative burden off your shoulders. Marketplaces can finally stop worrying about managing manual compliance workflows and focus on what they do best: connecting buyers and sellers worldwide.

About the Companies

• Airwallex is a global financial platform that helps businesses accept payments, manage international funds, and send payouts to over 200 countries quickly and transparently.
• Taxbit is a leading tax platform that automates tax compliance for the digital economy, handling everything from tax form collection to international information reporting.

Learn how the partnership fits into your platform and what a partnership looks like.