Perth startup Pin Payments have teamed up with OFX, one of the world’s largest international payments businesses, to provide seamless foreign currency transactions.
The referral partnership will give merchants the ability to accept online foreign currency card payments through Pin Payments, and directly settle funds into a foreign currency account with OFX. The partnership will streamline online foreign currency payments and exchange, allowing businesses to get setup faster and process payments at lower rates than competing financial institutions. Business owners can set up a Pin Payments account with same day activation and no merchant account required.
Chris Dahl, Director of Sales & Growth at Pin Payments said:
“We are proud to partner with OFX, as an Australian business with 17 years of foreign exchange expertise, 115 bank accounts and 55 currencies in their global network – we are thrilled that OFX will be supporting the growth of our customers as they expand into international markets and currencies.”
Jonathan Sermon, Senior Alliance & Partnership Manager, OFX, said:
“We are really excited to partner with an Australian fintech company like Pin Payments, helping other Australian e-commerce businesses to grow internationally. The combined services will allow businesses to trade without having to pay excess fees and setting up a costly merchant account, enabling them to compete on a global stage.”
Peter Stacey, CEO at Hot Holiday, an Australian tour reservation site operating across 6 countries worldwide, welcomes the partnership.
“As a growing business, we are constantly looking for smart technology solutions to support our growth,” says Peter. “This partnership will provide us with foreign exchange services at highly competitive rates and a seamless link between our Pin Payments and OFX accounts. It provides a simple, cost effective, complete payment system which further integrates with our Xero accounting software.”
Pin Payments’ customers who sign up with OFX will receive fee free transfers on amounts greater than AUD $250 for the life of their account.
