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    • Accounts, Payments & Cards
      Global Business AccountReceive, hold and spend in 30+ currencies
      Pay & TransferManage global payments to 180+ countries
      Corporate CardsIssue cards instantly, pay in 30+ currencies & earn cashback
      FX SolutionsMake instant Spot Transfers. Forwards and Limit Orders (Coming soon)
      Manage & Control
      Control HubApprovals, payments, budgets, workflows & user access rights
      Spend ManagementExpense management, budgets & reimbursement
      Accounts Payable & Bill AutomationStreamline how you pay and automate approvals
      Platform Capabilities
      IntegrationsSync with Xero & QuickBooks
      Control spend with OFX Corporate Cards. 100% expense control. 5% cashback.
      Control spend with OFX Corporate Cards. 100% expense control. 5% cashback.
      Start a 60-day free trial
  • Why OFX
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      Bikes OnlineDriving growth with seamless global payments
      PlasmaLeapScaling globally with smarter finance ops
      Goodstack & Intelligent FoundationAmplifying impact with efficient batch payments
      Trust & Security
      Identity ProtectionHow we protect and use your data
      Fraud PreventionLearn more about frauds and scams
      Cyber SecurityHow we identify and mitigate security risks
      Learn how BikesOnline used OFX to simplify their financial operations, driving growth and efficiency.
      Learn how BikesOnline used OFX to simplify their financial operations, driving growth and efficiency.
      Read their story
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      Currency ChartsSee historical trends across currencies
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      SWIFT/BIC CodesFind bank codes for international transfers
      FAQsFind answers to your questions
      Get the latest insights and market moves. Explore tips, finance and currency insights to help your business grow.
      Get the latest insights and market moves. Explore tips, finance and currency insights to help your business grow.
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Paying overseas suppliers

The savvy way to pay overseas suppliers is OFX

The simplest and most popular way for importers to pay overseas suppliers is via bank-to-bank money transfers. Fortunately, you do have options when choosing a partner to facilitate your payments to overseas suppliers.

What to look for in
an overseas
payments provider

Rates

When paying overseas staff, your bottom line can be affected by exchange rate margins and transaction fees. Look for a provider with good rates and low fees keeping in mind that a better rate may make the fee negligible.

Consistent service

If you’re going to be making regular transfers, you need a company that can provide superior customer service tailored to your unique business needs. Find a provider that won’t treat you like just another number by calling up to enquire.

Speed

Money transfers should move quickly and major currency conversions can often be processed within one day. A speedy service means you can worry less about when you’re money is going to arrive. While there are some affordable peer-to-peer foreign payment options out there, but be aware that your staff could be waiting days, or even weeks, to get paid when using a peer-to-peer service. Within that time, exchange rates may move dramatically costing you or your employees substantially.

Options

The best way to insulate your business from currency volatility is to find a foreign payments provider who offers risk management tools that can support your business objectives. If you pay a large number of overseas employees, make sure your provider offers a platform like OFX’s Multipay, so you can pay up to 500 people with one click. Get the flexibility your business needs, so you can gain a competitive edge.

Reliability

Peer-to-peer transfer models are often unstable during high-demand trading events such as Brexit and major elections. You want a provider with a proven track record of stability–like OFX. To read more about the risks of peer-to-peer transfers, check out this article.

Risk management

The best way to insulate your business from currency volatility is to find a foreign payments provider who offers risk management products that can support your business objectives. Keep more control over your bottom line when paying overseas suppliers.

The benefits of paying overseas suppliers with OFX

You get 24/7 customer support

When your bank is closed, we’re open. You’ll have access to our team when and where you need it. Wherever your business goes, we’re with you.

Your transfers often arrive faster

We use our global network of local bank accounts to transfer your money from our local accounts when possible. Local processing means we can often provide same-day payments. And all those confusing international bank codes? Not a problem.

You get a choice

We have a number of product options to help you protect your business from adverse currency fluctuations. You choose the risk management strategy that’s best for your business, and if you need help, we’re here to discuss your options.

You know your money is safe

OFX is listed on the ASX and has an exceptional security and fraud team overseeing our operations. Regulated, trusted, secure – that’s OFX.

Save 500 hours on xxx

We can help you pay overseas staff and suppliers while mitigating your risk to foreign exchange fluctuations.

We’ve integrated our service with cloud accounting software like Xero, and we offer solutions for simplifying your payroll. So now the only question is: what will you do with all that extra money?

Contact us

Better control and real-time insights with OFX

Request a demo

OFX Business App

Manage your global business payments, bills and approvals on the go.

App Store Download Play Store Download

OFX Money Transfer App

Check rates, make global payments and track transfers.

App Store Download Play Store Download
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© 2025 CanadianForex Limited trading as OFX.

OFX is registered with the Financial Transactions and Reports Analysis Centre FINTRAC under registration number M08560392. OFX is a registered as a money services business with Revenu Québec under registration number 10713.

Visa is a trademark owned by Visa International Service Association and used under license.

Apple Pay is a service provided by certain Apple affiliates, as designated by the Apple Pay privacy notice. Neither Apple Inc. nor its affiliates are a bank. Any card used in Apple Pay is offered by the card issuer.

Google Play and Google Pay are trademarks of Google LLC.

5% Cashback Offer Terms: Effective as of April 30, 2025. The OFX Business Account linked to the OFX Card must be approved, open and in good standing while this offer is in effect. In the first 90 days following the OFX Business Account being opened and able to transact, and upon being issued OFX Cards linked to the OFX Business Account, you will earn an additional 4% in cash back on Qualifying Purchases made using any OFX Card linked to the OFX Business Account until a total collective spend of $2,500 CAD have been made (“Bonus Spend Cap”). Once the Bonus Spend Cap is reached, any further Qualifying Purchases will earn the regular 1% in cash back that applies to Qualifying Purchases using any OFX Card linked to the OFX Business Account. We reserve the right to amend the offer to reflect the current offer available at the time your OFX Business Account is activated and able to transact if your OFX Business Account has not been activated and able to transact while this offer is in effect. Your OFX Business Account and any linked OFX Cards to that OFX Business Account must be in good standing at the time the cash back redemption is awarded. This offer is not available to business clients who have activated and deemed ready to transact and/or closed an OFX Business Account in the last 12 months.