Do others have experiance with these companies?
I have been with Currencies Direct for some time with now and use the for receiving Euros via Amazon and also for making dollar purchases and have never had any problems but it seems that World First are making a big push to gain customers. They say they have a better interface for monitoring monies received (via web rather than email) and also say they could offer slightly better rates. Any opinions?
We have a few members who have joined World First and so far so good I believe. I haven’t come across currencies direct but by the look of it it’s a very similar business.
I would ask to see a demo of the World First system and see how you feel about it compared to what you are used to :)
Every expert was once a beginner
Igor here from happyfiber.com, an online store for Mongolian cashmere, Hong Kong.
I’ve been with WorldFirst since July 2014 and they’ve been helpful to receive proceeds from Amazon.com and Amazon.ca.
It takes a while for them to verify you before sign up. They do have a nice web interface
WorldFirst opened a dedicated bank account in the name of your company which is simply great.
However they’ve had restrictions on their USD bank account on receiving transfers from unverified parties.
WorldFirst told me that partner bank in the US which is Citibank couldn’t receive transfers from PayPal and the likes.
I unknowingly added my WorldFirst bank account to Paypal and verification deposits were sent by PayPal.
WorldFirst on behalf of Citibank told me that should not happen again, otherwise they would have closed me.
But they must have lifted this particular restriction, PayPal is now verified, but I am not sure about marketplaces.
I’ve just started selling through houzz.com, wanelo.com. I want to join Rakuten.com and 11main.com.
And I am not sure that WorldFirst will be able to process transfers from these marketplaces.
No 3rd party verification procedure available to find a work around this issue.
A transfer from houzz.com has been deposited into my WorldFirst USD account this night and I am waiting for feedback.
You may want to ask why I didn’t clarify this issue beforehand. Their manager did not respond my las emails and I’ve already had this transfer on its way.
So now I am actually looking for a WorldFirst replacement if they happen to turn me down about other marketplaces.
Does Currencies Direct open an account in USD in your company name with a routing # and an account #?
Can I receive transfers in this account from other parties? Should they be verified first?
+1 WorldFirst, I’ve used them for a few years. Their web interface lacks, quite hard to get into exactly what makes up each payment that is sent, but it is quite good that they do a weekly auto-send. Ie. every Tuesday they transfer the balance to your account.
You can setup multiple currency auto-transfers, e.g. USD-EUR GBP-HKD.
All in all, they have been hassle-free to deal with, and I’d recommend them.
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