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OFX provides international money transfer services for both personal and business clients, focusing on competitive exchange rates and transparent fees. They offer various transfer options, including spot transfers and forward contracts, and provide tools for currency risk management. OFX also supports business solutions like mass payments and API integrations, all accessible via their online platform and mobile app.
Feature Matches11/15
See all11/15
Must Have
4 of 5
Mid-Market Exchange Rate Transfers
Transparent Low Fees
Multi-Currency Account
Fast Transfer Execution
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
Rationale
OFX offers international money transfers for individuals and businesses, emphasizing competitive exchange rates and transparent fees, which aligns with the 'mid-market-exchange-rate-transfers' and 'transparent-low-fees' must-have features. They explicitly mention a 'Multi-currency account' (though it's noted as no longer available for new business/eCommerce clients, it's still a feature they offer for existing clients and is part of their overall service description), 'fast and secure money transfers', and 'batch payments' (referred to as 'mass payments'). OFX also provides 'API integrations', 'Rate alerts', and 'Business Account Features' (e.g., solutions for paying overseas staff/suppliers, managing currency risk). They have a 'mobile app' and highlight their 'regulatory compliance' and '24/7 support' for customers.
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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.