OFX vs PayPal - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like OFX and PayPal have emerged as leading choices. Both OFX and PayPal online platforms offer efficient and cost-effective and secure international money transfers from OFX and PayPal.

We compare OFX vs PayPal into the unique features and benefits that distinguish OFX vs PayPal, empowering you to make an informed decision based on your specific transfer needs like OFX vs PayPal fees, currencies available, available payment methods on OFX compared to PayPal, support options offered by OFX vs PayPal, speed and more.

OFX vs PayPal: Quick Feature Comparison

  1. Visit OFX alternative OFX Visit OFX

    Used By: 1000000
    Currencies Available: 54
    Transfer Fees: 15 AUD below 10k AUD
    Payment Methods: ETF, BPAY (Australia), Direct debits
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1000 USD
    Max Transfer: none
    Year Founded: 1998

  2. Visit OFX alternative PayPal Visit PayPal

    Used By: 295000000
    Currencies Available: 25
    Transfer Fees: 2.9%+0.30 EUR
    Payment Methods: Bank transfer, P2P mobile payment
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: None
    Max Transfer: US$60,000.00 (varies)
    Year Founded: 1998

OFX vs PayPal: Pros and Cons

OFX vs PayPal
Advantages

OFX Advantages PayPal Advantages
  • OFX has been serving clients for over 26 years
  • OFX is available internationally.
  • OFX has multiple currency options.
  • OFX provides phone customer support.
  • OFX provides email customer support.
  • OFX is available to iOS Apple device users.
  • OFX is available to Android mobile device users.
  • PayPal has been in operation for over 26 years.
  • PayPal operates in numerous international countries.
  • PayPal offers an extensive range of currency options for money transfers.
  • PayPal provides phone support.
  • PayPal offers registered customers email support.
  • PayPal has a Apple iOS app on Apple app store.
  • PayPal offers a Android Google Play Store mobile app.

OFX vs PayPal
Disadvantages

OFX Disadvantages PayPal Disadvantages
  • OFX has no PayPal support.
  • OFX has no Neteller payments support.
  • OFX has no Skrill payment support.
  • OFX does have a mobile digital wallet like some others.
  • No home delivery with OFX.
  • No cash pickups with OFX.
  • No money order support with OFX.
  • No live chat support with OFX.
  • PayPal has no PayPal option.
  • PayPal has no Neteller option.
  • PayPal has no Skrill option.
  • No digital wallets with PayPal.
  • No PayPal home delivery.
  • No PayPal Cash pickups.
  • No PayPal money order option.
  • No PayPal Livechat.

OFX vs PayPal Fees and Other Costs

Fee type OFX Fees PayPal Fees
Transfer Fees 15 AUD below 10k AUD 2.9%+0.30 EUR
Min Transfer 1000 USD None
Max Transfer none US$60,000.00 (varies)
Payment Methods ETF, BPAY (Australia), Direct debits Bank transfer, P2P mobile payment
Currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, JPY, NOK, NZD, PLN, SEK, SGD, USD, ZAR, AZN, BGN, BHD, BND, CNY*, EGP, FJD, HUF, IDR, ILS, INR, KRW, KWD, LKR, MAD, MGA, MXN, MYR, OMR, PEN, PGK, PHP, PKR, RUB, SAR, SBD, SCR, TOP, THB, TRY, TWD, TZS, VND, VUV, WST, XOF, XPF AUD, BRL, CAD, CNY, CZK, DKK, EUR, HKD, HUF, ILS, JPY, MYR, MXN, TWD, NZD, NOK, PHP, PLN, GBP, RUB, SGD, SEK, CHF, THB, USD

OFX vs PayPal Restricted Countries

OFX Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

PayPal Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

OFX vs PayPal Transfer Speeds

Transfer Speed OFX PayPal
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

OFX vs PayPal Languages

OFX Supported Languages

PayPal Supported Languages

All major languages

OFX vs PayPal Verdict - Which is better?

Which is best out of OFX and PayPal depends on your needs.

  • OFX vs PayPal Transfer Fees: Transferring money with OFX costs 15 AUD below 10k AUD while PayPal charges 2.9%+0.30 EUR.
  • OFX vs PayPal Supported Currencies: OFX deals in over 1, where as PayPal offers transactions in 1.
  • OFX vs PayPal Payment Methods: OFX accepts ETF, BPAY (Australia), Direct debits, while PayPal allows transactions via Bank transfer, P2P mobile payment.
  • OFX vs PayPal Transfer Limits: OFX allows transfers between 1000 USD and none. PayPal's range is None to US$60,000.00 (varies).
  • OFX vs PayPal Minimum Age for Account Creation: OFX requires users to be at least 18 years old, where as PayPal has a minimum age requirement of 18.
  • Contact Number: You can reach OFX at +442076144194 and PayPal at 1800 419 9833.
  • OFX vs PayPal Countries of Operation: OFX operates in over 1 countries but has restrictions in over 1 countries. PayPal serves 1 countries and restricts operations in 1 countries.
  • OFX vs PayPal Client Base: OFX is used by 1,000,000, where as PayPal serves 295,000,000.
  • OFX vs PayPal Year Founded: OFX was established in 1998 and PayPal began its operations in 1998.
  • OFX vs PayPal Customer Rating: OFX holds a rating of 3, in contrast, PayPal has a rating of 3.
  • OFX vs PayPal Headquarters: OFX has its headquarters at Sydney, Australia, while PayPal is based at San Francisco (US).
  • OFX vs PayPal Employee Count: OFX employs 250 individuals, where as PayPal has a team of 320.
  • OFX vs PayPal Estimated Annual Turnover: OFX turnover stands at 8,000,000, while PayPal boasts a turnover of 25 Billion USD.
  • OFX vs PayPal Founder: OFX was founded by Reuben Sorensen, holding the position of CEO & Co-Founder | OFX. On the other hand, PayPal was the brainchild of Sameera Rao, currently holding the position of VP and Head of Technology.
  • OFX vs PayPal Supported Languages: OFX offers support in over 1 languages. PayPal communicates in 1.

We list reviews for the best OFX vs PayPal related money services below.

OFX vs PayPal Alternatives Guides

If you would like to see some of the best OFX vs PayPal related services compared against their best OFX vs PayPal alternatives available right now. Learn more about OFX vs PayPal alternatives by clicking on the links below.



Screenshots

OFX Screenshot

OFX Screenshot

PayPal Screenshot

OFX Screenshot