Paying overseas suppliers
Pay your global suppliers, simply and securely
What to look for in a global payments provider
Competitive rates
Your profits can be impacted by exchange rate margins and transaction fees. Look for a provider with good rates and low FX fees, keeping in mind that a better rate may make the fee negligible.
Specialist service
If you’re regularly bringing your hard-earned revenue home, you need a company that can provide consistent client service and understands your unique business needs. Find a provider that won’t treat you like just another number.
Speed
Global payments should move quickly. Major currency conversions can often be processed within one day. This means you can worry less about when your money is going to arrive. Within that time, exchange rates may move dramatically, costing your business substantially.
Multi-currency accounts
Find a foreign payments provider who offers local currency accounts to receive funds from customers in their preferred currency. That way you can minimise the costly conversion fees, and insulate your business from currency volatility.
Reliability
Look for a provider with a proven track record of stability, particularly during high-demand trading events such as Brexit and major elections.
The benefits of paying overseas staff with OFX
Specialist support
Access dedicated, around-the-clock support from OFX specialists who understand your business and your payroll needs – not just a call centre.
Fast, reliable payments
Most major currency payments are delivered within one business day, helping you maintain trust with your global workforce.
Easy batch payments
Pay multiple employees or contractors in different currencies at once with our batch payment feature, saving time and reducing manual effort
Great FX rates
Every cent counts when paying a global workforce. OFX offers consistently competitive rates and low FX fees, so more of your money can go to your team and business.
Xero & QuickBooks Online integration for automated workflows
OFX has a direct accounting integration with Xero and QuickBooks Online via 2-way sync to automate your workflows and boost productivity.
Open domestic and foreign currency accounts
Hold, pay, and convert funds in 30+ currencies
Automated approval workflows
Corporate cards that can be issued in seconds
Easy receipt upload with OCR technology
Accounting software integrations
One platform, better control of your international payments
The OFX Global Business Account simplifies your international payments:
Better control and real-time insights with OFX