International payment solutions for online sellers
We've put together all the international payments solutions that online sellers need so that they can grow their business. So now you can access receiving bank accounts abroad, as well as pay invoices and suppliers and make the most of when an exchange rate looks good for you.
International receiving bank accounts
We can open receiving accounts for you in Europe, the US, New Zealand, Australia, Canada, Japan, China and the UK. We open them quickly and once you've got the details, you can update your marketplace and start selling to buyers around the world. Plus our great rates mean you could save more.
You should know that World First UK Ltd provides clients with access to a receiving bank account, in the name of World First Uk Ltd, for the sole purpose of receiving marketplace revenues. Funds held in these accounts are safeguarded and segregated in line with the requirements set by the Payment Services Regulation, 2009. These bank accounts aren't covered by the Financial Services Compensation Scheme.
If you need to pay suppliers abroad, you could save money by using us. All you have to do is tell us how much you want to send, who you want to pay and which currency you want to pay in. We would offer you a rate based on the live exchange rate on the day and you can make a payment there and then. And we'll help make sure you get more for your money with a great rate.
If you want to lock in a rate but aren’t ready to make a transfer - fix it up to 3 years in advance. The great thing about this is that you'll know exactly how much you'll get when you're ready to transfer.
You might need to pay an initial deposit and then the balance will be due at the end of the contract. If the rates move against you, you may need to top up the deposit. Your dealer will explain and discuss this with you before you book your forward.