Cargowise

An integrated multi-currency payment solution

Save time with fast cross-border payments and competitive foreign exchange by OFX

Access exchange rates and international payment functionality directly from OFX

Native integration means CargoWise users can make international payments with OFX without leaving the CargoWise platform.

Simplify your FX

With OFX services integrated into CargoWise there’s no more juggling multiple payment platforms with lengthy workflows and manual processes.

Accelerate money movement

OFX offers integrated and fast payments with 80% of all international payments made by OFX within 24 hours on receipt of funds.*

Save money

Keep more of your money as it travels around the world. Get a great FX deal from OFX across 50+ currencies and pay no or low OFX fees.**

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Here’s what our clients have to say

“With fewer moving parts and fewer potential pain points, the more confidence I now have that we can remain focused on selling solutions, not creating the problems that come from delaying the cogs of international commerce. Best of all this new platform is “plug and play”, OFX & Cargowise are the plugs, they’ve created the platform, so I get to play – and that’s an exciting new development for international freight markets.“

John Macaulay,
Managing Director, Embassy Freight Services

“Currency volatility is problematic in the wine trade. Producers set prices annually, by vintage, and retailers often print their price lists at the same time, months in advance of the wine’s actual delivery. If exchange rates shift dramatically in the middle of this cycle, as they did after the EU referendum, that’s a real problem. For us, having a strong FX partner has meant that even in times of uncertainty and fluctuating currencies, we can protect our customers from having to raise prices and alienate their consumers. We save thousands of pounds by working with OFX, both in transaction fees and through exchange rates. OFX handles all international payments, making the entire process faster and more efficient than working with a bank.”

Hamish Gillespie,
Finance & Operations Director, North South Wines, UK

“We didn’t know that something like OFX existed. We were going through our banks and getting charged extra. It was a light bulb moment for us. It’s literally saved us thousands of dollars; it’s been a game changer.”

Kate and Rebecca,
Co-Founders, Better Packaging Co

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Why Choose OFX

Competitive rates

Keep more of your money as it travels around the world

Fast transfers

80% of major currency transfers processed in 24hrs on receipt of funds to OFX

24/7 support

Talk to a real person at any time, day or night

Global reach

Access 50+ currencies and make transfers to over 190 countries

Easy to use

Check rates, make payments or track transfers online or via our app

Peace of mind

OFX is listed on the Australian Stock Exchange (ASX) and monitored by over 50 regulators globally

FAQs

How do I open an account?

It’s easy as 1-2-3:

• Register. If you’re keen to get started straight away, simply register online OR if you’ve got a question leave your details and an OFXpert will be in touch within 24hrs. Either way, there’s no cost or obligation to make a transfer.
• Speak to us. An OFXpert will call you to complete setup and answer any questions you have.
• Verify your identity. We may ask you to provide us with information to verify your identity or your money transfer needs. Once approved, you will be able to transfer

How long does a money transfer take?

80% of all major currency transfers are completed within 1 business day of OFX receiving your funds. For more exotic currencies, it can take a little longer – usually 3-5 business days.

How do I know there are no hidden fees?

For US, EU, UK and Singaporean clients you enjoy $0 OFX fees on transfers regardless of transfer size. A US$25 fee applies for USD to USD transactions.

Small OFX fees may apply for transfers for clients from other countries. For example:
∙ If you are an Australian client there is an AU$15 fee if you’re transferring under AU$10,000;
∙ If you are a New Zealand client there is a NZ$12 fee if you’re transferring under NZ$10,000;
∙ If you are a Canadian client there is a CA$15 fee if you’re transferring under CA$10,000; and
∙ If you are a Hong Kong client there is a HK$60 if you’re transferring under HKD$50,000.

Actual OFX fees charged will be quoted before you make your transfer. Occasionally third-party intermediary banks may deduct a fee from your transfer before paying your recipient. This fee may vary, and OFX receives no portion of it.

Does my recipient / creditor need an OFX account?

No, they don’t. OFX sends the money straight to your recipient’s bank account.

Is my money secure?

With our highly regulated global network, advanced fraud detection, and hands-on OFXperts, you can feel confident in moving money globally with OFX.

Can I track my transfer?

Once you have requested the payment, the status of the payment will be updated in CargoWise at every step of the global money transfer process.

Will OFX payments appear in my CargoWise Accounts Payable?

Once accepted by OFX, the payment status will update to “ACP- Accepted” in CargoWise

Which currencies can I make a transfer in with OFX?

Lots. OFX can support with transfers in 50+ currencies (and counting). Along with all the major global currencies, OFX have a wide range of exotic currencies to choose from.

Click here to view a full list of supported currencies.

What additional benefits do I have as an OFX client, outside the integration?

As an OFX client, you also get access to our range of transfer options to help you get more certainty on your FX costs.

Even small exchange rate shifts can make or break your profit margins. With an OFX Forward Contract, you can fix the rate that works for you for up to 12 months and transfer later. Got time to wait for a better rate? Set a target rate with an OFX Limit Order. Speak to an OFXpert to find out more.

Transfer your global money with OFX

With competitive exchange rates and low or no fees you could be saving your business money on every transaction. With OFXperts available 24/7 you’ll always have help at the end of the phone. And with over 100 bank accounts around the world, we’ll always move your money quickly; your business moves fast and so do we.

FX. It’s what we do.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was 20 years ago, and we’re still driven by the same mission today.

We believe real help from real people counts, and that’s why we offer our clients the best of both worlds – an easy to use digital platform, combined with 24/7 phone access to our currency experts (we call them OFXperts).

Foreign exchange is in our DNA. We help clients navigate the complexity of FX, making it simple and easy to understand. Because when it comes to money, informed decisions are the best decisions.

Keeping our clients’ money secure is our top priority. We’re an ASX listed company monitored by over 50 regulators globally. To date, we’ve helped over 1 million customers transfer funds worldwide.

Our clients are all over the globe, so we are too. We operate in offices in London, Ireland, Sydney, Auckland, Hong Kong, Singapore, Toronto and San Francisco. It’s global expertise, delivered locally.

©️2024 OzForex Limited. OzForex Limited (trading as OFX) regulated by ASIC (AFS Licence number 226 484) | ABN 65 092 375 703 | Member of the Australian Financial Complaints Authority (AFCA).
The information on this website does not take into account the investment objectives, financial situation and needs of any particular person. We make no recommendation as to the merits of any financial product referred to on this website.
Please review our Product Disclosure Statement, Target Market Determination and Financial Services Guide prior to making a decision.

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