Description: Established in 2004, Worldfirst offer tailored accounts for individuals and online sellers. They operate 24/7, and claim that you will always talk to a real person within three rings. They also claim to have conducted the world’s first international money transfer on a wearable device, which we think is pretty cool.
Free to open an account? Yes
Payment structure: Transfers cost $10 for transfers under 10,000 and are free for transfers above that.
Same Day Payments?
Worldfirst say it will be possible ‘for most currencies.’
For EUR, GBP and USD it will be possible if payment made before these cut-off times EST:
EUR payments: 10:00
GBP payments: 10:50
USD payments: 11:00
Minimum Transfer Amount: £1000, $1000 or €1000.
Where You Can Transfer To:
Australia, Canada, USA, UK, Europe, Germany. The company say: ‘the list is endless and so are the currencies. The best way to double check if we can support your specific currency requests (which we probably can!) is to ask.’
Spot contracts, forward contracts. You can become an affiliate partner, meaning you earn revenue when you refer others to Worldpay. You can also ‘white label’ their service and work with a dedicated relationship manager.
US: FinCEN and OFAC
US State-specific license info:
The full list is available here
Offices In: London
World First selected Most Convenient in 2017 Money Transfer Award
Fintech Breakthrough Award 2017
Trade streaming Awards, Best New Payments Player
The Queen’s Award for Enterprise, International Trade 2016
Sunday Times HSBC International Track 2016
First Class Accreditation in the Sunday Times Best Companies Guide 2015
Real Business Hot 100 2015
UK Customer Experience Award 2013
National Business Awards UK 2012
Feefo Gold Trusted Services – 2017, 2016, 2015
Customer Experience Awards in 2013
UK National Business Award in 2011
Sunday Times Virgin Fast Track 100 in 2011
Austin Business Journal July 2016, Why fintech giant World First is bullish on Austin