In this podcast we are joined by Jason who is the Global Head of eCommerce at WorldFirst and together we look at what World First does and how using them can potentially save you thousands in currency conversions.
We start off by hearing from Jason briefly about how he got started at World First and then we move on to look at World First in more detail.
Before we started recording, Matt absolutely hammered Jason with questions around the numbers and during this Podcast Matt asks all the “dumb questions” so you don’t have to.
Press Play below and listen in right now:
The Topics Covered
- Introductions to Jason Brankin
- Introductions to World First
- What World First can do for eCommerce Businesses selling internationally
- It’s all about the percentages!
- The countries that World First can set you up bank accounts in
- The costs of World First ( this is Great News )
Instead of paying over the odds on your currency conversions World First will secure you a better exchange rate which basically results in more pounds, dollars or euro’s in your bank account.
The maths are very straightforward, let’s say PayPal charge you ~4% on the conversion between Euros to Pounds, Worldfirst charge you ~2%. That means you save ~2% on your currency conversions.
This may not sound like a lot, but using the examples in the Podcast, you can be looking to save £30 for the conversion between Euro’s to Pounds ( that’s a meal out with the wife! ) for 2000€ and for a conversion of 200,000€ to Pounds sterling, this could be something like £3000 saved.
Now we are certainly no currency experts here at UnderstandingE but as you can tell in the Podcast above, this is exactly what World First are experts in.
They keep their eye on the market fluctuations all day and can also advise you on the best time to switch your money over resulting in the best result for your Bank balance.
Another thing that we picked up upon is that WorldFirst can create you a bank account in the local currency, this is helpful when starting out selling aboard as say with Amazon for example, you may need this local bank account to get started there.
Many thanks to Jason for taking the time to share with us a really interesting insight to how you can save money in your business by using World First to convert your currencies rather than the likes of your bank account or Paypal.
If you have any questions for Jason or about World First you can get in touch with them by using the links below. Don’t forget to let them know that you have come from UnderstandingE and listened to the Podcast.
- Email World First here: email@example.com
- World First Website: https://understandinge.com/worldfirst
After listening to this Podcast, if you find yourself with any questions or feedback, then use the comments box below to get in touch, we’d love to hear from you. Matt, Dave (& special guest Jason)