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WorldFirst

UK-based WorldFirst began operations in 2004. This Tipalti competitor provides local bank account details from the U.S., the UK, the European Union, Canada and Japan. Its offering for online sellers comes with no registration fees.

Pros

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Lets you register as a business, an online seller or an individual
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UK-based, with offices also in Australia, the Netherlands, Singapore, Hong Kong and Japan
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Multilingual website
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Provides easy means for online sellers and businesses to make and receive payments
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Provides business and individual customers unique offers
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Open receiving accounts in U.S. dollars, British pounds, euros, Canadian dollars, Chinese yuan and Japanese yen
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Applies a transparent pricing band over existing real/interbank exchange rates
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Use the “World Account” to receive and make payments in different currencies, while avoiding currency conversion fees
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Link your World Account with Xero easily
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Choose from scheduled transfers, forward contracts and spot orders
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Get local phone support in different countries

Cons

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Individual transfers limit to bank accounts
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WorldFirst does not process transfers from the U.S.
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Different sending limits apply, depending on your country of residence and the desired payment method

OFX Logo

OFX

Australia-based OFX began operations in 1998, as OzForex, an information-only website. Online merchants can open local collection accounts in U.S. dollars, British pounds, Euros, Australian dollars, Hong Kong dollars and Canadian dollars. You’ll pay no outgoing fees when you withdraw funds into a local bank account.

Pros

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Serves businesses, online sellers and individuals
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Online sellers can open local currency accounts in U.S. dollars, British pounds, Euros, Australian dollars, Hong Kong dollars and Canadian dollars
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Online sellers have the ability to automate delivery of funds
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Online sellers can transfer funds without paying fees
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Australia-based, with offices also in the U.S., the UK, Hong Kong and New Zealand
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Local phone support provided in different countries
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Personal transfers come with fee-free thresholds
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Transfer funds online or over the phone
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Choose from scheduled transfers, forward contracts and market orders

Cons

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Website access only in English
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You need to speak with an OFX representative over the phone to trade in some currencies

Currencies Direct Logo

Currencies Direct

Currencies Direct began operations in 1996. This UK-based Tipalti alternative may work well for online sellers. This company lets you convert proceeds from your sales through different online marketplaces without the need of opening receiving accounts in multiple currencies. You may receive and hold money in different currencies using segregated collection accounts. A centralized online system lets you manage your transfers in a single place.

Pros

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Register as a business, an online seller or an individual
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UK-based, with offices also in the U.S., France, Spain, Portugal, South Africa, China and India
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Travel money solutions provided for residents of the UK
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Multilingual website
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Use segregated accounts to receive payments and hold funds in different currencies
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Businesses and online sellers may pay suppliers in local currencies
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Choose from scheduled transfers, forward contracts and limit orders

Cons

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Does not serve residents of all American states
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Individuals may transfer funds only to bank accounts

Global Reach Group Logo

Global Reach Group

This UK-based alternative to Tipalti began operations in 2002. It provides services for businesses and online sellers. Global Reach Group gives all its registered customers access to currency specialists.

Pros

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Serves businesses and individuals
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Headquartered in the UK, with offices also in the Netherlands, Cyprus and South Africa
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Provides access to currency specialists
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Lets you choose from stop loss orders, limit orders and forward contracts
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Allows scheduling of transfers

Cons

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Access to the website is only in English
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No agent network for cash transfers

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