OFX

OFX

Large International Transfers

VS

Faster Payments

UK Instant Bank Transfers

Faster Payments
Fees from
Custom vs Free for consumers; bank fees for businesses
Features

1 shared

1 unique to Faster Payments
Regions

1 shared

3 unique to OFX
Pay methods

1 shared

2 unique to OFX
On payment methods

OFX supports 3 payment methods, 2 more than Faster Payments. Verify directly with each provider before signing.

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Show full specs
2 features · 3 payment methods · 4 regions. We don't rank these — they're here for reference.
OFX OFX
Faster Payments Faster Payments
Quick Facts
Fees
Standard transaction rate
Custom
Free for consumers; bank fees for businesses
Settlement
Time to receive funds
1–2 business days
Near-instant
Founded
1998
2008
Headquarters
Sydney, Australia
London, United Kingdom
Sandbox / Test Mode
—
—
Webhook Support
—
—
Features
Faster Payments leads (2 vs 1)
Instant Payout Unique
—
✓
Low Fees
✓
✓
Payment Methods
OFX leads (3 vs 1)
Bank Transfer
✓
✓
Credit Card Unique
✓
—
Wire Transfer Unique
✓
—
Regions
OFX leads (4 vs 1)
Asia Unique
✓
—
Europe
✓
✓
North America Unique
✓
—
Oceania Unique
✓
—

OFX is best when you...

Large International Transfers
Want coverage in Asia, North America, Oceania
Faster Payments doesn't cover these regions
View OFX

Faster Payments is best when you...

UK Instant Bank Transfers
Need Instant Payout
Not available with OFX
View Faster Payments

Frequently Asked Questions

What is the difference between OFX and Faster Payments?
They share 1 payment method and 1 region. OFX adds Credit Card, Wire Transfer that Faster Payments does not list; OFX also covers Asia, North America and 1 more; only Faster Payments offers Instant Payout.
Which is cheaper, OFX or Faster Payments?
OFX has custom pricing quoted on engagement; Faster Payments has published rates from Free for consumers; bank fees for businesses. Headline rates exclude fixed per-transaction fees, FX and chargeback costs, so model your own mix before deciding.
Where can I use OFX and Faster Payments?
OFX lists 4 regions and 3 payment methods; Faster Payments lists 1 and 1. both cover Europe. Check the country list on each profile before onboarding — regional coverage is not the same as local acquiring.
How do OFX and Faster Payments compare on integration and settlement?
OFX settles in 1–2 business days, Faster Payments in Near-instant.

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Data on this page is indicative and may be out of date — always verify fees, coverage, and terms directly with each provider before signing. Comparisons are generated from published data and provider-submitted updates; they are information, not advice or an endorsement. Some outbound links may earn us a referral commission — commissions never influence scores or rankings.

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