If you’re a seller on OnBuy, you can withdraw your marketplace payouts into your World Account. With the World Account, you can hold funds in multiple currencies, make conversions at competitive FX rates between your currency accounts, withdraw to your bank account, or pay your third-party suppliers abroad. You can even make purchases on wholesale marketplaces like 1688.com directly with your World Account balance. Start withdrawing your OnBuy sales proceeds in a few simple steps.
*Note: The following example uses a USD account for demonstration. The steps for other currencies are the same.
Step 1 – Set up a Receiving Account
- On your World Account dashboard, go to the Collections tab > Click Manage accounts
- Click on Add a new Receiving Account. You can then select the currency for your receiving account
- Select the required currency, account usage, marketplace platform, supported bank, and enter an account name. Click Confirm to complete your new receiving account
- Once the account is set up, you can click on Details to get the account details
Step 2 – Link your Receiving Account to OnBuy
Reminder：
You need to create a receiving account in your World Account before linking it to your OnBuy store for payments.
- Log in to the OnBuy backend, click Settings, select WorldFirst under Payment Options, read the relevant terms and check the box to agree, then click the CONTINUE button.
- Fill in the required information using the account details from Step 1 to complete the binding.
Tips:
Fill in or select the bank details exactly as shown in your World Account receiving account.
- Currency: Currency of the receiving account (refer to the details in your World Account receiving account)
- Business Name: Account holder name (refer to the details in your World Account receiving account)
- Account Number: Account number (refer to the details in your World Account receiving account)
- Sort Code: Sort code (refer to the details in your World Account receiving account)
- After clicking CONTINUE to submit, the account will be successfully linked once the platform review is approved.
