Increase profits while reducing fees
• When selling in another country, sales are generated in a foreign currency.
• Amazon owes sellers revenue and if those sellers are not based in that country, then the currency needs to be exchanged.
• What Amazon doesn’t tell you is that they take a percentage out of the exchange rate. This fee is typically 3.75%!!
• What most sellers don’t know is you don’t have to use Amazon’s Currency Converter Service (ACCS).
Increase profits while reducing fees
Transferring your revenue back home
*saving calculated by mystery shop data obtained on 08/10/15
If you were sending monthly sales of £20,000 back to the
US, you could save up to $600* using World First
compared to a typical bank wire transfer. That’s $7,200
over a year.
There are alternatives to ACCS • You could set up a physical bank account in that country.
But….
Typically expensive Most accounts have to be opened in-person Most often have to register your business there Ongoing fees involved
• Have a company set up a receiving account designed to bring Amazon revenue home in the country you are selling in
Much better rates of exchange You have full control over when you transfer
Increase profits while reducing fees
How can you increase profits while reducing fees?
Sign up for World First and get your receiving bank account details in the countries into which you are selling
Go into your Seller Central Account and upload your new bank account details
The marketplace deposits your revenue into this new account
You tell World First when to bring your money home at a much more competitive exchange rate
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Sell on marketplaces - business as usual
Increase profits while reducing fees
World First will offer any online merchants an unbiased, FREE audit of their foreign exchange
exposure.
https://www.worldfirst.com/us/866.700.6544
Inquire here:
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