Case Study: Drake Sterling Numismatics expands globally with OFX

Drake Sterling Numismatics saves thousands on foreign exchange with OFX

Drake Sterling Numismatics, a Sydney-based coin business, needed a cost-effective and efficient solution to pay and get paid in multiple currencies from its growing base of international customers. The company's founder, Eric Eigner, found that traditional banks charged excessive fees and margins on foreign currency transactions, which was unsustainable for his business volume.

OFX provided a competitive foreign exchange service that allowed Drake Sterling Numismatics to hold multiple currency accounts, such as sterling, to avoid conversion fees. This solution saved the business thousands of dollars and made it easier for overseas customers to pay. Using OFX transformed the company from a local Australian business into an international operation, enabling it to conduct overseas deals cheaply and frequently.

Drake Sterling Numismatics