Competitors
12
🚀
Discover 50+ More Competitors
This is just the tip of the iceberg. Unlock comprehensive insights into your competitive landscape.
Unlock Full ReportSummary
OFX is an international money transfer service for individuals and businesses, offering competitive exchange rates and transparent fees for sending money to over 170 countries in 50+ currencies. They provide various transfer options, including spot transfers and forward contracts, along with tools for managing currency risk and a dedicated support team.
Feature Matches10/15
See all10/15
Must Have
3 of 5
Mid-Market Exchange Rate Transfers
Transparent Low Fees
Fast Transfer Execution
Multi-Currency Account
Borderless Debit Card
Other
7 of 10
Batch Payments
API Integration
Real-Time Rate Alerts
Business Account Features
Mobile App
Regulatory Compliance
Customer Support
Invoice Creation
Spending Analytics
Multi-User Access
PricingUsage-based
See allUsage-based
Spot Transfer
$0.00 per use
- Send money at today's rate
- Access to 50+ currencies and 170+ countries
- 24/7 dedicated support
- Secure online platform
- Fees are part of the exchange rate margin
- Third-party bank fees may apply
Limit Order
$0.00 per use
- Target a specific exchange rate
- Transfer automatically when target rate is hit
- Fees are part of the exchange rate margin
- Third-party bank fees may apply
Forward Contract
$0.00 per use
- Lock in an exchange rate for up to 12 months
- Protection against market volatility
- Option for early delivery
- Not available for clients in Singapore
- Requires a deposit (typically 5% for business, 10% for personal)
- Cannot be cancelled without potential loss if market rate improves
- Minimum transfer amounts apply (e.g., US$10,000, £20,000, €20,000)
Rationale
OFX offers international money transfers for businesses and individuals, emphasizing competitive exchange rates and transparent fees, which aligns with the 'mid-market exchange rate transfers' and 'transparent low fees' must-have features. While they mention 'bank-beating rates' and 'no hidden fees', they don't explicitly state 'mid-market exchange rate' but imply it through comparisons. They also offer a 'Global Currency Account' which is a multi-currency account, though the website states it's no longer available for *new* business & eCommerce clients globally, it still exists for existing clients and is a core offering. They highlight 'fast and secure transfers' and offer 'batch payments' and 'API integrations'. 'Rate alerts' and a 'mobile app' are also explicitly mentioned. Their '24/7 support' aligns with customer support, and their regulation by FinCEN indicates 'regulatory compliance'. They also have 'business account features' for managing currency risk and mass payments. The absence of a 'borderless debit card' is a key differentiator.
Found via GooglePaid
See allbest alternatives to competitor product 2024
competitor vs alternative comparison honest review
GossipPaid
See allBest alternatives to [Product] in 2024?
Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
[Product] vs Competitor B - which one should I choose?
Reddit·confused_buyer·Nov 30·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Nov 27·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.