On the 15th of June 2017, Newegg, a leading US marketplace, hosted their very first UK Seller’s Day  at The Crystal on the beautiful Royal Victoria Docks in East London. Attracting over 150 marketplace sellers, the day had a host of speakers including WeArePentagon, the Newegg representatives of China & Canada and, of course, WorldFirst. The day included panel sessions, presentations and a host of announcements that are set to propel e-commerce sales even further across the remainder of 2017.

Introducing Fulfilment by Newegg and grand expansion plans!

Amongst these announcements was Newegg’s Fulfilment by Newegg service (FBN) which is now rolling out across the UK. Similar to the well-known Fulfilled by Amazon service (FBA), Fulfilment by Newegg will allow UK sellers to hold stock at the Newegg warehouse from where Newegg will distribute products to their customers once ordered. FBN will also allow sellers to make the most of free one-day shipping, free returns and free rush processing as offered to Newegg Premier Customers.

Further to the announcement regarding FBN, the Newegg China and Canada representatives then revealed that Newegg has plans to launch its marketplace in more than 50 countries! This would give customers from all over the world the opportunity to buy the latest tech and gadgets from reputable sellers via the Newegg marketplace. This was amazing to hear as it widens the potential customer base that Newegg sellers have access too.

Introducing: World Account

So what could WorldFirst come up with to match the other announcements that day? Well, for the last 12 months we’ve been developing the new World Account. This new system will allow international e-commerce sellers to have localised bank accounts in countries all over the world, allowing them to collect overseas revenues earned on marketplaces and make local currency payments to distributors and suppliers. It really helps marketplaces sellers compete with domestic sellers in overseas markets.

And this is just the beginning. Moving forward World Account will come with a brand new mobile app, giving you full control of your bank accounts anywhere in the world and allowing you to see balances, make payments and top up between accounts.

World Account is set to take the friction out of finance, giving international businesses the ability to grow efficiently without losing money along the payments journey. With the opportunity to sell internationally growing day by day with the help of marketplaces such a Newegg, WorldFirst is here to provide you with the tools you need to make the most of these new and exciting opportunities.

You can find out more about World Account here. What are you waiting for?