Case Study: Newtown Video achieves easier global currency transfers with OFX

Newtown Video - Customer Case Study

Newtown Video, a top-selling online wholesaler and retailer of DVDs and media, faced a significant challenge when its existing currency exchange provider abruptly stopped handling the US dollar conversions of its international Amazon marketplace profits. The business needed a fast and reliable replacement service to manage these essential foreign exchange transactions. Owner Phil Forman turned to OFX for a solution.

OFX provided Newtown Video with a dedicated OFXpert for personal support and an easy-to-use online platform, the OFX Global Currency Account, to hold and transfer funds. This solution allowed the business to secure competitive exchange rates and conveniently convert its foreign revenue from markets like the UK and Canada into USD. The results were highly positive, with Phil citing a "banner year for sales" in 2020. He credited OFX for providing a critical service that helped his business remain competitive and avoid spending its "hard earned profits in exchange rates."

Newtown Video

Phil Forman

Owner