Managing Your Online Business

 

 

business bank account

How to Get an EIN from Outside the U.S.

If you’re doing business in the US but you aren’t a citizen, you can apply for an EIN to file taxes. Here’s how to get an EIN from outside the US.

online marketing

How Do I Market My Product Online

We're going to show you some of the best tips to market your products on some of the world's most popular online marketplaces, as well as some general best practices for marketing your product online.

online sales

Online Payment Systems for Small Business

Let’s take a look at some of the most popular online payment systems for small business, and why not all online payment methods for small business are created equal.

online payments

How to Accept Online Payments Without a Merchant Account

How can you accept online payments without a merchant account? OFX tells you what you need to know.

Online Sellers 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. 

We currently offer receiving accounts in US dollar, Great British pound, Euro, Canadian dollar, Australian dollar, and Hong Kong dollar. If you have an interest in a different currency receiving account, please email us at onlinesellers@ofx.com to see if we may be able to meet your needs.

At OFX, we don’t charge setup fees or monthly account fees. When you make a transfer with us, we take a small percentage to cover our cost, but this is usually about 75% less than what an online marketplace would charge for cross-border payments.* With us, there are no outgoing fees in transferring the funds to your home bank account, whereas 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.

 

*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.


 

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. 

Why choose OFX?

regulated

Trusted globally

We're a publicly traded company with offices in Australia, Canada, Hong Kong, New Zealand, the UK and the USA.

global support team

Global support team

Our experienced support staff are in our global offices in Australia, USA, UK, Canada, New Zealand and Hong Kong.

great rates

Great rates

We've got better rates and fees than the banks, and have securely transferred over $100 billion worldwide since 1998.