OFX
26 Case Studies
A OFX Case Study
Drake Sterling Numismatics, a Sydney-based online coin business, needed an efficient and cost-effective way to handle international payments from its global customer base. Founder Eric Eigner found that traditional banks were charging excessive fees on foreign currency exchanges, which was detrimental to his business volume. To support his international growth, he required a solution from a vendor like OFX.
By implementing OFX's services, the business gained access to competitive exchange rates and the ability to hold multiple currency accounts, which simplified the payment process for overseas clients. This solution saved Drake Sterling Numismatics thousands of dollars in fees and was instrumental in transforming it from a local Australian operation into a successful international business. The personal support from an OFXpert also provided valuable, tailored service that the banks did not offer.
Eric Eigner
Founder