WorldFirst Currency Exchange & Multi-Currency Accounts Possibilities - Easy Foreign Exchange - FX

Managing different currencies is one of the biggest challenges when expanding your business globally.

If you’re receiving payments in USD but need to pay international suppliers in EUR, GBP, or other currencies, you need a smooth system in place.

In my latest YouTube video, I spoke with the head of business development at WorldFirst, mister Shawn Ma about how their multi-currency accounts solve this exact problem.

We talked about how you can receive USD, convert it into 20+ currencies at competitive FX rates, and pay suppliers directly through the platform.

You’ll also learn how WorldFirst’s local bank accounts make international payments easier, and how forward contracts, spot contracts, and firm orders help you manage currency risks smartly.

I’m sharing the full conversation below — let’s dive in and simplify your global payments!

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How WorldFirst Handles Multiple Currencies

Vova: Hey Shawn! Let's start with a question.

There are probably a million users on WorldFirst, right?

That's quite a huge number!

People must be coming from all over — Europe, China, the United States — and obviously, that means different currencies are involved.

Now, let’s say I have a regular supplier in China that I pay in US dollars. 

No problem there, since Amazon also pays me in dollars.

But what if I start working with a new supplier in Europe who needs to be paid in Euros?

Can I exchange currencies within the platform itself?

Or does the system just handle the exchange automatically during the transaction?

How does it all actually work?

Vova: Sounds pretty interesting!

Shawn: Yeah, that's a fantastic question, Vova!

Vova: Thanks, man — let's dive into it!

Shawn: Absolutely. So when we're talking about different currencies and countries, the main design of WorldFirst centers around what we call multi-currency and multi-country local accounts.

In simple terms, once you open an active WorldFirst account, you can keep adding multiple local receiving or local paying accounts, all under a single WorldFirst access ID.

It's really convenient.

For example, say you’re launching a new shop somewhere in Europe — we’ll be able to provide you with a European IBAN code, which essentially acts like a local banking account.

This way, you’re able to both receive and send payments directly in Euros, without needing a separate European bank.

When it comes to currencies, WorldFirst allows access to over 20 currencies across the globe.

That means we cover all the major mainstream currencies, and even some of the more frequently used exotic ones too.

This is especially valuable for new e-commerce sellers entering international markets.

It really helps bridge the gap between you and your customers — or between you and various marketplaces — by making everything feel local, even when it’s not.

Pretty cool, right?

Vova: Awesome! So just to make sure I’m understanding this correctly — let's say I get paid $20,000 from a marketplace, like Amazon US.

I'll have this amount sitting in my WorldFirst account in the same currency, right?

Shawn: Exactly, that $20,000 would land into your US dollar account that's connected through WorldFirst.

Right into that section of your multi-currency wallet.

Vova: Perfect. So just to clarify — I would have connected my US dollar WorldFirst account directly to Amazon US, because Amazon pays in dollars, which makes total sense.

-: Gentle Reminder :-

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Can You Receive in One Currency and Pay in Another

Vova: So now, I have $20,000 US dollars sitting safely in my account.

And let’s say I want to transfer some of that money to a supplier of mine based in Europe, who accepts only Euros.

Up to this point, I still haven’t collected any Euros — I only have those twenty thousand dollars.

How would I go about sending part of that amount to my supplier in Euros?

Maybe you answered that already, but I just want to double-check, in case I missed something.

Shawn: That's absolutely fine — no worries at all!

You're basically describing a very common scenario: receiving payments in one currency but needing to pay out in another.

And yes, WorldFirst is fully set up to support that.

Because of the multi-currency account feature, we offer 24-hour online currency conversion.

When it comes to conversions, we're honestly very proud — we offer some of the best-in-class FX (foreign exchange) rates in the market.

For all the mainstream currencies, we’re able to give you super competitive, real-time rates.

That way, you can choose to convert your incoming funds immediately after receiving them and use them for paying out suppliers or distributors — all very efficiently.

And you know, if you prefer, you can even hold off and reserve the currency a bit.

We provide an option called a forward contract, which helps you hedge against currency risk.

In the world of international selling, currency risk can be a really big topic.

It can seriously impact your profits if not managed properly.

With our system, you stay financially fit and protected from unexpected currency fluctuations!

Vova: Okay, yeah, that sounds good — gotta stay financially fit... and physically fit too, if you know what I mean! 🤭

But seriously, that's important.

Shawn: Yeah, totally! Staying financially healthy is really the main goal here, especially for all our e-commerce sellers working across different marketplaces.

Vova: Absolutely, no doubt about that.

-: Gentle Reminder :-

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How Currency Conversion Works Inside Your WorldFirst Wallet

Vova: So if I'm understanding correctly — let’s say we receive $20,000 in US dollars, and now we need to pay a supplier €5,000.

With the system, we can use the built-in converter to switch the necessary amount into Euros, right?

And then it would move into our Euro account, just like that?

Shawn: Exactly. It would be transferred into your Euro account automatically.

Once the conversion is done, that portion of your balance is topped up in Euros.

After that, you're able to simply click a button and make the payment directly from your WorldFirst Euro account to your supplier’s bank account.

Super streamlined.

Vova: Wow, that’s awesome, man!

So basically, once the conversion is done, we just send it to the supplier — boom, deal sealed, production started.

I love it.

What a “Local Account” Really Means with WorldFirst

Vova: Now, Shawn, I also wanted to ask you something related to those different currency accounts you mentioned.

When we talk about an account in Euros, what exactly does that mean?

Like, where is it based physically?

Is it in Germany or somewhere else?

Is it a real account with numbers and everything?

Can you explain that part for us a bit more?

Shawn: Yeah, absolutely — happy to explain.

So, in addition to the multi-currency support, we also provide you with multiple local accounts through the WorldFirst platform.

This is what we call the World Account system.

For instance, let's say you were already selling in Singapore — you would have had a Singaporean local bank account through WorldFirst.

Now, if you expand your business and start selling in Germany, we can activate and provide you with a local German bank account too.

It comes with a local IBAN code and a local SWIFT code right from day one.

Normally, setting up a new account like that through a traditional local bank could take weeks or even months — lots of paperwork and waiting.

But with WorldFirst, it’s super fast and easy.

You get instant access so you can withdraw your marketplace earnings directly from other countries without any delays.

Pretty powerful for global sellers, right?

Vova: Yeah, that's honestly pretty fascinating, man.

It’s amazing how easy it has become to expand into new marketplaces — all through one single platform!

I mean, like you mentioned earlier, if you tried opening a traditional bank account in a foreign country — even if you had every single document ready, which of course you should — it would still take a lot of time and effort.

It’s definitely not a quick process, right?

Shawn: Exactly. That’s why working with us is really like having a plug-and-play service at your fingertips.

You just click a few buttons to activate a new country or a new currency account.

That’s it — boom, you’re ready to start receiving payments immediately.

Tap Here To Learn More: WorldFirst Review - One-Stop Global Payments & Finance Platform for E-commerce

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Conclusion: Why Currency Flexibility Matters for E-Commerce Sellers

That wraps up everything we covered about handling different currencies with WorldFirst.

From receiving Amazon US payments in dollars to converting them into Euros, Pounds, or other major currencies, it’s all built to make things easier for sellers working across borders.

The ability to switch currencies, send payments directly, and manage risks with flexible options like forward and spot contracts gives you a lot more control over your money.

If global selling is part of your journey, having a setup like this can really take the pressure off.

Take a look at what WorldFirst offers — it might just be the missing piece you’ve been looking for.

-: Gentle Reminder :-

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