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.**

*80% of major currencies only
**No OFX fees for FX transfers for US, EU, UK or Singapore clients. A small OFX fee will be charged for HK, NZ, AU, Canadian clients. For example AUD$15 for transfers under $10k AUD. 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.

Features

Initiate payments via OFX based on the invoices you choose to pay directly from within CargoWise and avoid re-entering payment details across systems.

Check and compare OFX exchange rates directly in the CargoWise platform.

Easily permit multiple users across your team to check and accept rates and complete international payments via OFX.

Multi-factor authentication technology ensures only dedicated account holders can make changes to beneficiaries. Beneficiaries can be added and edited via OFX and linked to CargoWise for seamless processing.

Optimize your processes with workflow automation tools and track key events and changes for OFX quotes and transfers.

Download product flyer

I can’t always be the go-to-guy for authorizing payments, I’m way too busy for that. So, the more integration the better, because transfers done from CargoWise leave an audit trail so I can see who did what when. Internally we offer our clients a trusted environment, OFX and CargoWise now reinforce that trust, by integrating our high levels of supply chain & online security with theirs.

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 and 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.

Access exchange rates and international payments directly from OFX.

Seamless, native integration means CargoWise users can make international payments from OFX without leaving the CargoWise platform.  

24/7 support

OFXperts are always ready to help and answer any questions you have, day or night.

 

Secure payments

OFX is ASX Listed and monitored by over 50 regulators globally.

 

Competitive rates

Keep more of your money as it moves around the world.

 

OFX answers your FAQs

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

For US, EU, UK and Singaporean clients you enjoy $0 OFX fees on FX transfers regardless of transfer size. A USD$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 you will pay a AU$15 fee if you’re transferring under AU$10k;
  • If you are a New Zealand client you will pay a NZ$12 fee if you’re transferring under NZ$10k;
  • If you are a Canadian client you will pay a CA$15 fee if you’re transferring under CA$10k; and
  • If you are a Hong Kong client you will pay a HK$60 if you’re transferring under HKD$50k.

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.  

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

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

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

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

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.

Once you've registered your OFX account you'll be ready to start using Integrated Global Payments in CargoWise.

If you're already registered, you can download detailed instructions on how to configure and authorize your account in CargoWise here.

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)

This information has been prepared without taking into account the investment objectives, financial situation and particular needs of any particular person. OFX and its related bodies corporate make no recommendations as to the merits of any financial product referred to in this document. Please read our Product Disclosure Statement and our Financial Services Guide at ofx.com.

 

Already a CargoWise customer and want to get started?

Register with OFX and start transferring now.

 

Register

 

 

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