OFX offers virtual bank accounts in various currencies for online sellers to expand globally, collect revenues, repatriate profits, make local/international payments to vendors, suppliers and pay your international VAT.
OFX is a publically listed international payment and banking provider for online sellers. OFX offers a full 24/7 service to clients based all around the world utilising their global office locations.
Online sellers are able to open local currency accounts in their company name to collect their international revenues from marketplaces and clients directly. Marketplaces and payment providers charge high margins on your transfers whereas, with OFX you will receive a preferential exchange rate of 0.5% or less.
With OFX you can get the equivalent of a local bank account in today’s most profitable international markets: USD, EUR, GBP, CAD, AUD, SGD and HKD.
OFX can assist in protecting your profit margin by hedging against unfavourable exchange rate fluctuations and by offering online sellers the ability to hold international currency balances with their Global Currency Account product.
OFX offers an alternative to banks, helping clients lower the costs of their international payments. OFX provide tailored solutions that deliver better exchange rates and manage the risk of volatility in currency markets. With OFX as an online seller you can open currency accounts in GBP, EUR, USD, CAD, AUD, HKD, and SGD to collect your overseas revenues using local bank accounts in your company name.