OrbitRemit Alternatives and Competitors

September 7, 2020

OrbitRemit has been around since 2009. This New-Zealand-based company also has offices in Australia and the UK, and it accepts customers only from these three countries. It serves individuals and businesses, giving them the ability to choose between spot and scheduled transfers. However, it does not provide hedging alternatives. If you plan to transfer money overseas, looking at what the competition has to offer might be beneficial.

Best rate guarantee against competitors
No fees on any transfers
Transfers to over 200+ countries
Personal account manager
Spot & Forward contracts

low

Fees

medium

2-3 days

Go to Site

Bank account transfers and cash transfers
Mobile airtime and mobile wallets top up
Home delivery of transferred funds
Multicurrency WorldRemit Wallet
Multilingual website

medium

Fees

fast

1-2 days

Go to Site

0.4% margin for new customers referred by iCompareFX
Fee-free transfers
Scheduled transfers
Online and phone transfers

low

Fees

medium

2-3 days

Go to Site

Low Transparent fee structure
Forward contracts
Scheduled transfers
Dedicated account manager
Live chat support

low

Fees

fast

1-2 days

Go to Site

Jump to an alternative provider

SendFX

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WorldRemit

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OFX

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WorldFirst

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SendFX

Australia –based SendFX lets you register as an individual or a business. You may use the SendFX digital wallet to transact like a local in over 40 countries. It lets you transfer money to more than 200 countries. Website access comes only in English.

Serves individuals and businesses

Pay no fees when sending money from Australia to more than 30 countries

Use the digital wallet in more than 40 countries

Lets you set up same day transfers

Provides forward contracts

Business clients benefit by getting access to dedicated account managers

Plans to launch a Visa card soon

Minimum transfer amount is AUD $500 or its equivalent in another currency

No cash transfers

No physical presence outside of the UK

No multilingual website

WorldRemit

This OrbitRemit alternative began operations in 2010. It is headquartered in the UK and also has offices in the U.S., Canada, Japan, Australia and New Zealand. WorldRemit operates a multilingual website. It gives recipients the ability to collect transferred cash in person. It only lets you register as an individual and not a business. It accepts credit card payments.

Offices in the UK, the U.S., Canada, Japan, Australia and New Zealand

Get local phone support in different countries

Pay using a credit card

Transfer any amount over £1 or its equivalent in another currency

Carries out transfers to bank accounts and cash pickup locations

Lets you top off mobile wallets and airtime in some countries

Serves only individuals and not businesses

Where you live and the chosen transfer method may affect sending limits

Transfer fee depends on the currencies involved as well as payment method

No scheduled transfers, forward contracts and market orders

OFX

This Australia-based OrbitRemit competitor started in 1998, when it began operations as an information-only website. Now, it has international offices in the UK, the U.S., Canada, Hong Kong and New Zealand. OFX operates dedicated websites for different countries, access to which comes only in English. It serves individuals, businesses and online sellers.

Offices in Australia, the UK, the U.S., Canada, Hong Kong and New Zealand

Operates dedicated websites for residents of the UK, the U.S., Canada and Australia

Get local phone support in different countries

Personal transfers come with fee-free limits

Choose from scheduled transfers, forward contracts and market orders

Initiate your transfer online or over the phone

Cash pickup is not an option

No multilingual website

Trading in some currencies is possible only over the phone

WorldFirst

This OrbitRemit alternative has been around since 2004. UK-based, it has international offices in the Netherlands, Japan and Hong Kong. Access to WorldFirst websites dedicated for different regions comes in multiple languages. By registering for the World Account, you get free receiving accounts in different currencies. This company lets you register as an individual, a business or an online seller.

Serves individuals, businesses and online sellers

Offices in the UK, the Netherlands, Japan and Hong Kong

Dedicated multilingual websites for residents of the UK, France, the Netherlands, Japan, Singapore, Hong Kong and Australia

Pay a nominal and transparent margin over existing real/mid-market rates

Choose from scheduled transfers and forward contracts

Get free receiving account details in various currencies with the World First account, and save on fees when you use matching currency accounts to make or receive payments

Xero - World Account integration is simple

Initiate your transfer online or over the phone

Cash pickup is not an option

Transfer limits may vary depending on where you live

WorldFirst does not let you send money from the U.S.

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