
WorldFirst
WORLDFIRST can help online sellers to repatriate funds at better exchange rates than the major marketplaces.
Doing business globally shouldn’t be complicated. Our friends at WorldFirst have launched their new and improved World Account, so you can stay in control of your finances with a real-time overview of your currency account balances, live market movements and your fixed FX transfer fee in one central dashboard.
World Account has been designed to help customers receive international funds with faster and easier cross-currency and same-currency payment capabilities. Free to open and maintain, World Account is the simple way to collect locally, convert, and make payments, anywhere in the world. We asked Theo Sprague at WorldFirst to tell us more:
Free to open and maintain, the World Account is the simple way to collect, convert, and make payments locally, practically anywhere in the world. Designed with SMEs and online sellers in mind, it enables you to receive international funds, and make same-currency and cross-currency payments faster and easier, giving you more control than ever before.
The World Account is a complete solution for your business when selling via online marketplaces, or to overseas customers. The World Account offers:
If your business regularly receives payments in different currencies from overseas customers or makes payments in different currencies to international suppliers, then the World Account is for you. Examples of when the World Account can assist you include:
If you sell with online marketplaces such as Amazon, Rakuten, eBay, Newegg or Cdiscount, and want to save on transfer fees repatriating sales proceeds back to your local currency the World Account is for you. What’s more, you can hold currency to pay out to suppliers.
And it’s not just on marketplaces, if you sell internationally on your own websites and repatriate sales proceeds back to your local currency, the World Account is the simple way to collect, convert, and make payments locally, in key markets around the world.
If you make money from affiliate schemes such as Amazon Associates, earning referral fees from Amazon.com, you can receive payments in your local currency and then bring them home at low fixed rates.
If you are looking to send or receive money abroad when sourcing stock, then the World Account is a fast and secure way to send money internationally with low fees — much cheaper than using your regular bank.
With instant access to local currency accounts, it’s free to receive money into to your own local GBP, USD, EUR, CAD, JPY, AUD, SGD, NZD, HKD & CNH accounts.
If you are doing consultancy work or freelancing and getting paid by an overseas client the World Account enables you to repatriate income back to your local currency.
If you are a service provider in foreign markets and want to offer clients an easy and cost-effective way to pay, the World Account enables you to offer local account details, as well as avoid transfer fees and currency conversion fees.
At WorldFirst, it’s not just about the big changes. We continually make small but transformative changes to our products to ensure we are always addressing our customer’s needs. We believe that changes big and small add up. Find out more on how we are leveraging innovation and technology to meet your needs and discover our latest product improvements.
World Account customers can open local currency accounts directly from the dashboard at the click of a button – and use straight away. Most requests will be activated instantly; but in some cases, this can take up to one business day. EUR and JPY will be activated within one business day.
It’s free to set-up your World Account, free to open multiple local currency accounts, free to get personalised account details, including your own unique account number, and free to receive money using those bank details. Your customers won’t be charged a fee to pay you locally, and you won’t be charged a fee to receive that payment
In 2019, WorldFirst rolled out a new pricing structure offering simplicity and transparency, with just three pricing tiers for all customers. With our new, standardised pricing, you receive a fixed fee based on your annual trading volume, using three clear FX margin bands applied across 28 currencies. All our fees are incorporated into the FX margin from as low as 0.15%
As well as simplicity and transparency, WorldFirst is up to 85% cheaper than high street banks.
Go to worldfirst.com/uk/world-account and open your World Account to get started now.
Interesting way Ro short circuit the banks which overcharge on all FX transactions. You need a clear statement of fax risks in joining your system;how are rates set vis a vis the market ?
WORLDFIRST can help online sellers to repatriate funds at better exchange rates than the major marketplaces.