Top 5 OFX alternatives for Amazon sellers in 2025

Amazon sellers face unique challenges when managing international payments. Whether you're sourcing products from overseas suppliers, paying virtual assistants in different countries, or receiving payments from multiple Amazon marketplaces, the right payment platform can make or break your profit margins.

OFX has long been a popular choice for international money transfers, but as your Amazon business scales, you might find yourself needing more comprehensive features, better rates, or faster processing times. The good news? The market for international payment solutions has evolved significantly, offering Amazon sellers more sophisticated options than ever before.

Let's explore the top alternatives to OFX that can help streamline your Amazon business's financial operations while potentially saving you thousands in fees and exchange rate markups.

Why Amazon sellers are looking beyond OFX

While OFX provides reliable international transfers, Amazon sellers often encounter limitations that impact their operations. The platform's focus on traditional money transfers doesn't always align with the dynamic needs of e-commerce businesses that require instant payments, multi-currency accounts, and integrated expense management tools.

Many Amazon sellers discover they need more than just wire transfers. They need platforms that understand e-commerce workflows, offer competitive rates on frequent transfers, and provide tools to manage multiple currency accounts seamlessly. This is where modern alternatives shine, offering features specifically designed for digital-first businesses.

1. Airwallex – built for global e-commerce operations

Airwallex stands out as the most comprehensive solution for Amazon sellers managing international operations. Unlike traditional transfer services, Airwallex provides an integrated financial platform that addresses every aspect of cross-border commerce.

Key advantages for Amazon sellers

Multi-currency accounts with local details Airwallex enables you to open accounts with local bank details in multiple countries ¹. This means you can receive payments from Amazon marketplaces directly in local currencies, eliminating unnecessary conversion fees. For instance, if you're selling on Amazon UK, Germany, and Japan, you can receive GBP, EUR, and JPY directly without forcing conversions.

Competitive exchange rates The platform offers interbank exchange rates with transparent pricing, helping Amazon sellers save significantly on currency conversions compared to traditional banks ². This transparency is crucial when calculating profit margins on international transactions.

Integrated expense management Beyond transfers, Airwallex provides corporate cards that sync with your account ³. This integration allows you to pay for inventory, advertising, and operational expenses while maintaining complete visibility over your cash flow – all from a single platform.

API integration capabilities For sellers using automation tools or custom software, Airwallex offers robust APIs that integrate with your existing systems ⁴. This means you can automate supplier payments, reconcile transactions, and manage your entire payment workflow programmatically.

Real-world impact

Consider the experience of Mr. Yum, a company that expanded globally using Airwallex's platform ⁵. They streamlined their international payment operations, reduced transaction costs, and accelerated their expansion timeline – benefits that directly translate to Amazon sellers managing similar global operations.

2. Wise (formerly TransferWise) – transparent pricing for regular transfers

Wise has built its reputation on transparency and fair exchange rates, making it a solid alternative for Amazon sellers who prioritize straightforward pricing ⁶.

Strengths for Amazon businesses

Multi-currency account features Wise offers a multi-currency account that allows you to hold and convert between multiple currencies. This flexibility helps when timing your conversions to maximize exchange rates.

Transparent fee structure The platform shows exactly what you'll pay before confirming any transfer, with no hidden markups on exchange rates. This predictability helps with financial planning and margin calculations.

Batch payment capabilities For sellers paying multiple suppliers or team members, Wise supports batch payments, allowing you to process multiple transfers simultaneously.

Limitations to consider

While Wise excels at transfers, it lacks some of the comprehensive business features that growing Amazon sellers need. There's no integrated expense management system, limited API functionality for automation, and no corporate card offerings that sync with your account.

3. Payoneer – marketplace-focused payment solution

Payoneer has positioned itself as a marketplace specialist, with direct integrations with Amazon and other e-commerce platforms.

Amazon-specific features

Direct marketplace integration Payoneer connects directly with Amazon Seller Central, allowing you to receive payments from multiple Amazon marketplaces into a single account.

Virtual receiving accounts The platform provides virtual account numbers in various currencies, enabling you to receive payments as if you had local bank accounts in those countries.

Supplier payment network Payoneer's network includes many suppliers and service providers already on the platform, potentially speeding up B2B payments.

Considerations for scaling businesses

Payoneer's marketplace focus can be limiting as your business grows beyond Amazon. The platform's fees can add up quickly with frequent transfers, and the exchange rates often include higher markups compared to alternatives like Airwallex.

4. Revolut Business – digital banking with international capabilities

Revolut Business combines digital banking features with international payment capabilities, appealing to tech-savvy Amazon sellers.

Modern banking features

Real-time notifications Get instant updates on all transactions, helping you track inventory payments and marketplace deposits as they happen.

Spending controls Issue team cards with specific limits and controls, useful for managing advertising spend or employee expenses.

Currency exchange Exchange currencies at interbank rates during market hours, though weekend rates include a markup.

Growth limitations

Revolut Business works well for smaller operations but may lack the sophisticated features needed by high-volume Amazon sellers. Transaction limits, customer support challenges, and limited API capabilities can become bottlenecks as you scale.

5. WorldFirst – acquired by Ant Financial

WorldFirst, now part of Ant Financial, offers specialized services for e-commerce sellers with a focus on the Asian market.

E-commerce specialization

Marketplace settlements Direct integration with major marketplaces for streamlined payment collection.

Risk management tools Options for forward contracts and market orders to hedge against currency fluctuations.

Asian market expertise Strong capabilities for transactions involving Asian currencies, beneficial for sellers sourcing from China or expanding into Asian markets.

Platform considerations

Since its acquisition, WorldFirst has been transitioning its services, which may affect long-term stability and feature development. The platform also lacks some modern features like integrated expense management and comprehensive APIs.

Making the right choice for your Amazon business

Selecting the right OFX alternative depends on your specific business needs, growth trajectory, and operational complexity. Here's how to evaluate your options:

For growing Amazon businesses

If you're scaling rapidly across multiple marketplaces, need integrated financial tools, and want to automate your payment workflows, Airwallex provides the most comprehensive solution. The platform's combination of competitive rates, multi-currency accounts, corporate cards, and API capabilities creates an integrated ecosystem that grows with your business.

For cost-conscious sellers

If transparent pricing is your primary concern and you don't need extensive additional features, Wise offers straightforward transfers with clear fee structures.

For marketplace-only operations

If your business operates exclusively through Amazon and other marketplaces, Payoneer's direct integrations might provide the simplest setup.

Key features to evaluate

When comparing OFX alternatives, consider these critical factors:

Exchange rates and fees Look beyond advertised rates to understand the total cost of transfers, including any hidden markups or receiving fees.

Transfer speed Consider how quickly you need funds to reach suppliers or team members. Some platforms offer instant transfers while others take several business days.

Account features Evaluate whether you need simple transfers or a comprehensive platform with multi-currency accounts, corporate cards, and expense management.

Integration capabilities If you use accounting software, inventory management systems, or custom tools, ensure your chosen platform can integrate seamlessly.

Customer support Reliable support becomes crucial when dealing with time-sensitive supplier payments or account issues.

Compliance and security Verify that your chosen platform meets regulatory requirements in all countries where you operate.

Optimizing your international payment strategy

Regardless of which platform you choose, implementing these strategies can help maximize your savings:

Time your conversions strategically

Monitor exchange rate trends and convert larger amounts when rates are favorable. Platforms with multi-currency accounts allow you to hold funds and convert at optimal times.

Consolidate your financial operations

Using a single platform for multiple financial needs – transfers, expenses, and account management – simplifies reconciliation and provides better visibility into your cash flow.

Automate where possible

Leverage API integrations and automated payment features to reduce manual work and minimize errors in your payment processes.

Negotiate with high volume

As your transfer volume grows, don't hesitate to negotiate better rates with your chosen provider. Many platforms offer volume-based pricing that isn't always advertised.

The future of international payments for Amazon sellers

The international payment landscape continues to evolve rapidly. We're seeing increased focus on instant payments, enhanced automation capabilities, and better integration with e-commerce ecosystems. Platforms that understand the unique needs of Amazon sellers – from managing multiple marketplace payments to handling supplier relationships – will continue to gain market share.

As regulations evolve and new technologies emerge, expect to see even more innovative features designed specifically for e-commerce businesses. The key is choosing a platform that not only meets your current needs but can also adapt to future requirements.

Conclusion

While OFX has served many businesses well, the evolving needs of Amazon sellers demand more sophisticated solutions. Among the alternatives, Airwallex emerges as the most comprehensive option, offering not just competitive international transfers but a complete financial operating system for global e-commerce.

The platform's combination of multi-currency accounts with local details, transparent pricing, integrated corporate cards, and robust API capabilities addresses the full spectrum of financial challenges Amazon sellers face. Whether you're paying suppliers in China, managing advertising expenses across multiple marketplaces, or receiving payments from global customers, Airwallex provides the tools to streamline these operations while reducing costs.

For Amazon sellers serious about scaling their international operations, the choice of payment platform isn't just about finding the cheapest transfer option – it's about selecting a financial partner that can support your growth trajectory. By choosing a platform that understands e-commerce workflows and provides integrated solutions, you position your business for efficient scaling and improved profitability.

The time and money saved by using the right platform can be reinvested into inventory, marketing, and expansion – the activities that actually grow your Amazon business. Make your choice based not just on where you are today, but where you plan to be tomorrow.

FAQ

What are the best OFX alternatives for Amazon sellers in 2025?

The top OFX alternatives for Amazon sellers include Airwallex, Wise (formerly TransferWise), Remitly, Western Union Business Solutions, and Payoneer. Each offers competitive exchange rates, multi-currency accounts, and features specifically designed for e-commerce businesses managing international payments.

Why should Amazon sellers consider alternatives to OFX?

Amazon sellers might seek OFX alternatives for better exchange rates, lower fees, more comprehensive business banking features, or specialized e-commerce tools. Some alternatives offer multi-currency business accounts, corporate cards, and integrated payment solutions that can streamline international business operations beyond just money transfers.

How do corporate business cards compare across different payment platforms?

Corporate business cards vary significantly between providers in terms of foreign transaction fees, reward programs, and integration capabilities. Platforms like Airwallex offer corporate cards with competitive rates for international spending, while traditional providers may charge higher fees for overseas transactions, making the choice crucial for Amazon sellers with global operations.

What fees should Amazon sellers expect when using international payment services?

International payment services typically charge transfer fees ranging from 0.5% to 2% of the transaction amount, plus exchange rate margins. Some providers offer flat fees for larger transfers, while others have tiered pricing structures. Amazon sellers should also consider receiving fees, monthly account maintenance charges, and any additional costs for premium features.

How do exchange rates impact Amazon sellers using international payment platforms?

Exchange rates directly affect profit margins for Amazon sellers dealing with multiple currencies. Even small differences in exchange rate margins (typically 0.5% to 2% above mid-market rates) can significantly impact costs over time. The best platforms offer real-time rates close to mid-market rates and transparent fee structures.

What features should Amazon sellers prioritize when choosing a payment platform?

Amazon sellers should prioritize multi-currency account capabilities, competitive exchange rates, fast transfer speeds, integration with e-commerce platforms, and dedicated business support. Additional valuable features include expense management tools, corporate cards for international purchases, and API access for automated payment processing.

Citations

1. https://www.airwallex.com/ca/blog/how-to-open-a-business-bank-account

2. https://www.airwallex.com/ca/blog/bank-charges-canada

3. https://www.airwallex.com/ca/blog/compare-corporate-business-cards

4. https://www.airwallex.com/ca/payments

5. https://www.airwallex.com/ca/case-studies/mr-yum

6. https://www.airwallex.com/ca/blog/wise-alternatives-and-competitors