OFX for Online Sellers
OFX for Online Sellers provides online merchants with local currency accounts to receive payments from international marketplaces.
Online Sellers FAQs
Creating an account can be done in 3 simple steps:
- Register: click ‘Register’ in the top right corner and fill in your details. There are no setup fees or monthly account fees.
- 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 Collection Account to accept.
- Verification & Collection 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 Collection 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 firstname.lastname@example.org. 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.
Yes. At OFX, we have transferred over AU$100 billion for over 300,000 customers worldwide. We are regulated in each of the jurisdictions we operate in, including by the Australian Securities and Investments Commission (ASIC) in Australia. We have a global network of 115 bank accounts to safeguard our customers’ international money transfers.
Since we launched our money transfer service in 2003, OFX has become one of the world’s leading money transfer services. Our parent company, OzForex Group Limited, is a public company listed on the Australian Securities Exchange.