Basic Information & Regulation of WorldFirst
WorldFirst was officially founded in London in 2004, with offices in Sydney, Australia in 2008, Singapore in 2013, and Hong Kong in 2014, making it one of the early payment service providers serving Chinese cross-border e-commerce merchants. In 2018, WorldFirst launched a new World Account and launched the Chinese brand name “Wang Li Hui WorldFirst”. In 2019, WorldFirst joined Ant Group as a wholly-owned subsidiary. WorldFirst currently holds a full license from ASIC (License No. 331945) in Australia and a payment license from the FCA (License No. 900508) in the UK.
Products and Services
The products and services provided by WorldFirst WanliHub are mainly in two major areas, namely cross-border e-commerce and foreign trade B2B.
Platform & Currency of WorldFirst
WorldFirst supports more than 40 popular e-commerce platforms (Worten, Wayfair, Walmart, Shopline, AliExpress, etc.) and 30 payment gateways worldwide and supports 10 major global currencies: GBP, USD, CAD, JPY, EUR, NZD, SGD, AUD, HKD, and CNH.
Fees & Exchange Rates of WorldFirst
The withdrawal fee for WorldFirst's cross-border e-commerce receipts of US$10,000 is 0.3% (industry average 1.0%), and the exchange rate is 7.0%. The withdrawal/transfer fee for foreign trade B2B in the same currency is US$10 per transaction; the rate for payment to a foreign exchange bank account or RMB subscription bank account is 0.4%, and there are no other fees.