In OFX, users can create several types of payments, including:

• Domestic Payments: Transfers made within the same country using local currency.

• International Payments: Cross-border transactions that allow users to send funds in various currencies to recipients located outside their home country.

• Scheduled Payments: Payments set to be processed at a future date, allowing for better cash flow management.

• One-off Payments: Single transactions that do not require recurring setups.

• Batch Payments: Multiple payments processed simultaneously, ideal for businesses managing payroll or supplier payments.

• Spot Orders:  A transaction where currencies are exchanged at the current market rate, with settlement typically occurring within two business days. 

• Forward Orders: Locks in an exchange rate at the time the order is placed for a future transaction. 

Why is this page important? Understanding the different types of payments available helps customers choose the most suitable option for their needs, ensuring efficient and effective financial management.

Next Steps:

1. Log into your OFX account to explore the payment options available.

2. Select "Create Payment" 

3. Determine which type of payment best suits your transaction requirements.

4. Follow the prompts to create your desired payment type within the platform.