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OFX Global Payments Review

OFX Global Payments
Our score: 8.9 User satisfaction: 100%

What is OFX Global Payments?

OFX Global Payments is a money transfer service provider that delivers versatile, and tailor-made solutions that speed up sending money overseas while helping users save and keeping their profits intact.

OFX Global Payments offers a simple and fast 3-step process for sending money overseas: (1) sign up and lock-in your transfer (total amount you wish to send/transfer, the currency, and details of the recipient); (2) send your funds to OFX Global payments via wire transfers from your bank account or via ACH direct debit; and, (3) OFX Global Payments will transfer the funds within 1-2 days.

With OFX Global Payments, businesses and even simple individuals can send money anywhere abroad while enjoying the lowest currency exchange and zero transfer rates.

Overview of OFX Global Payments Benefits

OFX Global Payments provides you with a money transfer alternative that costs you less and saves you more as compared to money transfers done through banks and money remittance service providers. With OFX Global Payments, your foreign exchange expenses are so low that you can save up to 50% on the rates as opposed to sending money overseas via bank transfers.

OFX Global Payments offers you with a tailored service based on the size of your business and the amount of money you send overseas. On top of that, you are also treated to currency market expertise from people who lives and breathes in the foreign exchange industry. Add to the mix secure transactions, low margins, zero fees, and 24/7 support, OFX Global Payments has everything you need and want to help you manage your foreign currency exposure and reduce your costs on international money transfers.

OFX Global Payments incorporates technology with a wide network of global financial institutions, enabling them to provide you with a versatile, rapid, and secure way to transfer your funds overseas. You can move your money to more than 190 countries in 55 different currencies including Australia., Belgium, France, Germany, Indonesia, Ireland, United States, United Kingdom, and more.

Overview of OFX Global Payments Features

  • Money Transfer
  • Currency Converter
  • Forex Risk Management
  • Paying Overseas Staff
  • Receive International Payments
  • Send Mass Payments
  • Paying Overseas Suppliers

What Problems Will OFX Global Payments Solve?

1) A US Company is paying international suppliers in Europe, Canada, Australia, Asia and is converting USD to EUR, CAD, AUD, INR, etc. The exchange rate they are receiving from their bank has an extra high margin of 1-5%, plus there are international transactions fees.

OFX reduces the margin and removes the fees, instantly showing a saving.

2) A US-based Online Marketplace Seller is selling products on Amazon Europe, UK, Australia, etc. After all the typical merchant processing fees, there is typically an additional 3.5% fee to convert the GBP, EUR, CAD, etc. to USD.

OFX offers a virtual account to upload into the marketplace and dramatically reduce that margin. Allowing the Seller to make more profit instantly and easily. Also, the OFX platform allows the Seller to pay local taxes and suppliers directly with their foreign currency.

3) A US person is buying a house in France. They need to send the seller EURs.

OFX platform will enable them to use less USD to deliver the same amount of EUR. So the cost of their house effectively drops by 1-5% based on their local USD currency.

Awards & Quality Certificates

This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.
An award given to products that have recently entered the market but are already becoming very popular

OFX Global Payments Position In Our Categories

Bearing in mind businesses have distinct business-related requirements, it is only prudent they steer clear of going for an all-in-one, ”best” software. At any rate, it is troublesome to chance on such an app even among branded software solutions.
The practical thing to do is to shortlist the several major factors which demand research including critical features, packages, skill capability of staff members, company size, etc. The second step is, you must double down on your product research comprehensively. Browse through some OFX Global Payments analyses and scrutinize each of the applications in your list more closely. Such all-encompassing research ascertains you drop unsuitable applications and pay for the one that delivers all the tools you require company requires.

Position of OFX Global Payments in our main categories:

TOP 50

OFX Global Payments is one of the top 50 Accounting Software products

OFX Global Payments is also listed in the following subcategories:

Enterprises have different wants and requirements and no software platform can be perfect in such a situation. It is pointless to try to find an ideal off-the-shelf software product that meets all your business requirements. The intelligent thing to do would be to modify the solution for your special requirements, worker skill levels, finances, and other elements. For these reasons, do not hurry and subscribe to well-publicized popular solutions. Though these may be widely used, they may not be the ideal fit for your unique requirements. Do your groundwork, look into each short-listed application in detail, read a few OFX Global Payments Accounts Payable Software reviews, contact the vendor for clarifications, and finally choose the product that provides what you want.

How Much Does OFX Global Payments Cost?

OFX Global Payments Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Contact OFX Global Payments for more information about their basic and enterprise pricing options.

User Satisfaction

Positive Social Media Mentions 7
Negative Social Media Mentions 0

We realize that when you make a decision to buy Accounts Payable Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and OFX Global Payments reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with OFX Global Payments. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Video

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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What are OFX Global Payments pricing details?

OFX Global Payments Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Contact OFX Global Payments for more information about their basic and enterprise pricing options.

What integrations are available for OFX Global Payments?

OFX Global Payments integrates with the following business systems and applications:

  • Xero
  • Etsy
  • Rakuten
  • Jet
  • Amazon
  • Shopify
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Reviewed By Louie Andre
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