World First Announces New Partnership with US Marketplace, Newegg, to Help International Sellers Save Money
September 16, 2015 03:50 PM
LONDON--International money transfer experts World First and US e-retailer Newegg announce the launch of a new partnership aiming to help thousands of international marketplace sellers. Clients selling in the US as part of Newegg’s Global Seller Program can now use World First’s competitive exchange rates and award-winning customer service when returning sales proceeds in US dollars to their home currency. The savings could be as much as 4% of their revenue compared to other payment options such as bank transfer.
Newegg Inc. is the top tech-focused e-retailer in North America, selling everything from toys and games to computer hardware. Its Global Seller Program enables retailers around the world to expand their international operations by accessing more than 28 million registered US consumers through its marketplace. To bring home the proceeds of sales in the US, international sellers currently use a standard international bank transfer or PayPal.
World First is one of the world’s fastest growing international payments companies specialising in e-commerce. With more than 25,000 e-commerce clients, World First helps cross-border sellers to convert more of their overseas sales back into their home currency by providing great exchange rates and helping them to avoid unnecessary fees. A typical e-commerce client could save up to 4% of sales revenues compared to a bank transfer.
Seth Harvey, Head of Partnerships at World First, said:
“Newegg is a trusted, successful brand in the US and it’s exciting to announce this partnership. We know that too many international marketplace sellers are losing money off their bottom-line just because of costly payment methods. Helping Newegg sellers get that right is what’s really exciting about this partnership for us.”
Sophia Tsao, Head of Newegg Marketplace, said:
“World First offers a credible, convenient and cheaper alternative to a bank wire transfer and this partnership will help us offer our global sellers a more profitable way to repatriate their hard-earned sales revenues. Newegg sellers work hard to deliver great prices and saving money in currency conversion is good for everyone: retailers and customers alike.”