Selling Online Overseas?

Bring your money home with OFX and save up to 75% in foreign transaction fees and margins.* The OFX Online Seller solution gives you a local currency account in USD, EUR, GBP, CAD, AUD, JPY and HKD and lets you send payments to suppliers. Sound good?

How much can we
save you?

Provide your contact details and an OFX representative will be in touch.

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Compatible with:

shop.org
groupon
ebay
trademe

Noelle Sadinsky, Founder of GetBacktoBasix explains how OFX has helped her succeed when expanding overseas

Profit from international expansion and add 2.5% to your bottom line with one simple sign up

Here’s how it works:

  • You decide to reach profitable new markets by selling your products on global marketplaces like Amazon, eBay, Walmart, Rakuten and Groupon.

  • You sign up with OFX, because the margins charged by marketplaces on cross-border payments are nearly 4%, and you’re too smart to pay that much.

  • We give you a local account number in your foreign market so you can collect USD, EUR, GBP, CAD, AUD, JPY and HKD. You give that local account number to marketplaces, like Amazon, to instantly increase your profits.

  • With OFX, you can automate delivery of your funds or choose when to bring your money home, so you retain control over your money and maximising exchange rates.

  • When you do decide to bring your money home, you'll save up to 75% on transaction costs.* So if you sell $200,000 worth of merchandise, you can save up to $5,000 just by using OFX. Now the only question is what are you going to do with all that extra money?

 

Boost profits with the simple money transfer solution designed just for you

OFX for Online Sellers Benefits

superior exchange rates

Superior Exchange Rates

Make substantial savings on exchange rates and fees by using OFX.

local collection accounts

Local Receiving Accounts

Collect global revenues in USD, EUR, GBP, CAD, AUD, JPY and HKD

rapid delivery

Rapid Delivery

Get your funds home quickly.

no ofx fees

No OFX Fees*

Save on fees. It’s free to sign up and OFX charges no fees to transfer your funds.

fast approval

Fast Approval

Get approved within 4 business days and expand to new markets with one phone call.

24 hour support

24-Hour Support

Around the clock phone service – 24 hours a day, 7 days a week.

 Pricing & Fees

Open an Online Seller account with OFX

No fee

Expand to new markets with additional accounts

No fee

Monthly maintenance and 24/7 support

No fee

Transfer foreign currencies into your domestic bank account

Pay 1.5% or less above the daily market exchange rate depending on how much you’re transferring.

 

Supplier Payments & Bespoke Forex Strategies

Supplier Payments

Call today to learn how to use OFX to pay suppliers or make same currency cross-border payments.

OFX

Limit Orders

Transfer your money when the rate is right. With OFX, you won’t miss out if your target rate is reached overnight or while you’re busy taking care of your business.

ofx

Forward Contracts

Secure an exchange rate for up to 12 months and help protect your profits from adverse exchange rate movements.

Check out our Resource Hub for more ways to enhance your international expansion

Learn about upcoming online seller events.  Get news on topics that matter to you. Gain strategic insights from other online sellers and industry experts.

Online Seller FAQs

Creating an account can be done in 3 simple steps:

  1. Register: click ‘Register’ in the top right corner and fill in your details. There are no setup fees or monthly account fees.
  2. We’ll call you: After you have registered for an account, we will call you to complete the registration. We will ask you some basic questions including which currencies you want your receiving account to accept.
  3. Verification & Receiving Account Opening: To verify your account, we will request some documentation. During the call, we will tell you which documents we require and direct you to our Secure Site to send them directly to the relevant team. 

Please note, OFX accounts are normally approved within 4 business days. Following this, your receiving account details should be delivered within 2 business days.

Our receiving accounts accept payments from some of the world’s largest online marketplaces like Amazon, eBay, PriceMinister.com, Newegg, Buy.com, Game, Wish.com, CDiscount.com, Rue du Commerce and Shop.com. 

If your marketplace is not listed here, ask your OFX account representative or contact us at onlinesellers@ofx.com. We are always adding to our list of approved marketplaces. 

At OFX, we don’t charge setup fees or monthly account fees. When you make a transfer we take a small percentage as part of our cost, but this is often a smaller margin than the marketplace. With us, there are also no outgoing fees* in transferring the funds to your home bank account, where other providers may charge a fee.

*Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient bank account. This fee may vary and OFX receives no portion of it.

Once you have received your receiving account details by email, upload or send these details to the marketplace. Once you have done this, you can transfer:

  1. Initiate payment: From your marketplace account, send the money to your new OFX receiving account. Delivery times may differ by marketplace and the foreign currency you are sending. Amazon sellers will usually find it takes 2-4 business days for the funds to appear in the receiving account.
  2. Once you have initiated payment of the foreign currency from your marketplace account to your OFX receiving account, log into your OFX account online and book the transfer with us.
  3. As soon as the funds appear in your receiving account, you will be notified by email. They foreign currency will then be automatically forwarded to your designated home bank account.

If you want greater flexibility over when the foreign currency is sent from your receiving account to your domestic account, please let us known during the set up process or afterwards. You can contact us 24/7.

Yes, you can view your receiving account history at any time. Once you are logged in, select Deal & Orders, then select the Transfers tab, where you can find your account history.

*Average savings based on a sample of published transaction fees for cross border payments provided by Amazon and PayPal dated 8.24.16.  Quoted savings are not indicative of future savings.  Third party intermediary fees may apply.

*Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary and OFX receives no portion of it.