OFX Pay by Card lets an eligible business use a card to pay a supplier through OFX. The provider charges the card for the payment and applicable processing fee, then pays the supplier’s bank account. The supplier does not need to accept the card directly. OFX Pay by Card explanation

This is a supplier-payment arrangement. It should be evaluated by the expense being paid, the eligible card and recipient, the complete charge, and the supplier’s delivery requirements.

Check the purpose before considering rewards

OFX’s U.S. Pay by Card terms limit the service to eligible business expenses and payees. They exclude personal expenses and payments to related parties. Card and payment eligibility also depend on OFX, the issuer, and the card network. Pay by Card terms

Begin with a real invoice and a supplier entitled to the payment. A card’s available limit does not establish that a proposed transaction is eligible.

If the expense or payee does not clearly fit the documented service, ask OFX before making a payment commitment. Product marketing describing common business expenses is not a substitute for the terms governing your particular transaction.

Understand the payment direction

The business is the cardholder or authorized payer. OFX is the service arranging payment. The supplier receives the payment through its bank account.

That direction is different from your business sending a customer an invoice and accepting the customer’s card. It is also different from issuing an OFX Corporate Card to an employee.

If you are comparing products, write the required movement of money in full. “Use our eligible card to pay this supplier’s invoice” is precise. “Card payments” leaves open who is paying whom and where the funds settle.

Our currency-account guide covers receiving funds. The Corporate Card guide covers spending from balances held in OFX.

Calculate the fee before valuing rewards

When checked on September 9, 2026, OFX’s Standard and Full Suite pricing listed Pay by Card at 2.9% for a domestic Visa or Mastercard and 3.4% for an international card, excluding applicable taxes. Custom arrangements were listed separately. Confirm the classification and fee shown for your transaction. OFX business pricing

For an illustrative $5,000 payment charged at 2.9%, the processing fee would be $145 and the total would be $5,145 before other applicable costs.

Now suppose, purely hypothetically, that the issuer awards rewards worth $100 for that payment. The $145 fee would exceed those rewards by $45. Rewards worth $100 are an invented assumption, not a benefit promised by OFX or any card issuer.

OFX expressly states that it does not guarantee rewards. Eligibility and value depend on the card’s program. Rewards qualification

Check how the issuer treats this transaction, what earns rewards, and what costs arise if the card balance is not repaid as planned. A useful comparison includes all of those facts.

Preserve the link between the charge and the invoice

Keep the supplier invoice, approved payment amount, OFX reference, and resulting card charge together. A card statement showing OFX does not, by itself, explain which supplier obligation was settled.

If you pay several invoices, record the allocation. If the supplier expects a particular receiving currency or net amount, confirm that expectation before authorizing the card charge.

The accounts-payable guide explains how approval and payment records should connect. The business must still establish that the expense is genuine, approved, and correctly directed.

Do not equate card authorization with final delivery

The Pay by Card agreement describes payment-approval requirements and circumstances that can prevent remittance. Treat the supplier’s payment confirmation as a separate event from the card charge. Payment processing provisions

If a problem occurs, report the specific event: the card was charged, payment was not confirmed, or the supplier cannot identify the receipt. A disagreement about delivered goods is also different from an incorrectly processed payment.

Evaluate Pay by Card when its documented payment route serves a real business need. The decision should rest on eligibility, delivery, cost, and recordkeeping—not the possibility of rewards alone.