OFX Worldwide Currency Account now offered for eCommerce market sellers in the UK

September 21, 2018 Editor Ecommerce 0

Multi-currency accounts simplify cross-border transactions

Foreign currency exchange business OFX, now an approved eMoney organization, today launches its OFX Global Currency Account in the UK.Available to importers and exporters, the Worldwide Currency Account is created to simplify capital management for online sellers trading on international marketplaces..Occasion Invites. News. Videos. eMagazines. Analysis

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personal privacy policy. With the Global Currency Account, eCommerce merchants in the UK can now manage numerouscurrencies– pounds, euros, United States dollars, Hong Kong dollars

, Australian dollars and Canadian dollars– all in one place, saving money on exchange rates and making it simpler than ever to manage their money flow.Increasingly, eCommerce merchants are using markets like Amazon to expand quickly and get access to international markets. Traditionally, to acquire a regional checking account, you would need to be physically present in each market, making doing organisation in another currency needlessly sluggish and tough. With the introduction of the Worldwide Currency Account, OFX is breaking down borders, and empowering online sellers to embrace international growth and operate all over the world.Jake Trask, FX research director at OFX, commented:”By providing customers a multi-currency account, OFX is showing its dedication to assisting online sellers grow their eCommerce company.

Its launch will suggest our UK customers will have the ability to manage every account, balance and transfer from multiple markets, in several currencies simply and easily, thus growing their worldwide revenue potential.”The OFX Global Currency Account will offer UK consumers the benefits traditionally booked for much bigger worldwide companies. Users can now: Hold balances, make safe payments to worldwide providers, as well as pay taxes straight from the account Label accounts to correspond with the marketplace where proceeds originate from Have account balances immediately paid to a domestic

savings account at a time that’s appropriate Skander Malcolm, CEO and Managing Director of OFX, stated:”We’re thrilled
to bring this item to our growing UK customer base, to assist them expand worldwide and move their cash firmly and quickly. With the growing global appeal of ‘Brand name Britain’, it is essential we find brand-new efficiencies in the global economy for our UK eCommerce consumers. We intend to continually innovate, utilizing customer feedback to produce new offerings, and anticipate releasing more in the future.”A global business with its UK headquarters in London, OFX is intent on constantly improving worldwide payment services for companies and consumers.Interested parties can see an explainer video and find out more about the International Currency Account at the OFX site.

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OFX Worldwide Currency Account now offered for eCommerce market sellers in the UK

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