Why PromptStamp Recommends WorldFirst RATHER THAN PayPal or Stripe?

Because geography should not dictate opportunity, and efficiency should not dictate your profit.

When we created PromptStamp, we were faced with a critical decision: force our vendors to use slow, expensive, and exclusionary payment services, or opt for a truly global, business-focused solution. We prioritized universal access and minimizing fees for our creators.

Here is why WorldFirst is the foundation of our global payout system:

THE GEOGRAPHIC & FEE FACTOR

Stripe’s Constraints:

• Limited Reach: Available in only $\sim47$ nations, mostly in the US, EU, and developed economies.

• The Impact: Over 2 billion skilled creators are excluded simply because they live in “the wrong place” (like Pakistan, Bangladesh, or much of Africa).

PayPal’s Painful Situation:

• High Fees: Steep cross-border fees and terrible currency conversion rates (often losing $5-8\%$ total).

• Account Freezes: Accounts are frequently limited or frozen without warning (common for new digital sellers).

• Local Access: PayPal is notoriously difficult to withdraw from in many countries (e.g., no direct withdrawal in many African nations) or is completely banned (e.g., Pakistan, Turkey).

Result: Conventional systems penalize our sellers with high fees and banking restrictions.

The WorldFirst Solution: Global Access & Competitive FX

WorldFirst is built for modern global e-commerce. It empowers businesses to receive international revenue efficiently and manage mass payouts to suppliers worldwide. It is the perfect tool to connect our global revenue with our global seller base.

MAIN ADVANTAGES OF WORLDFIRST

1. True Global Access

WorldFirst works where others restrict. While primarily built for e-commerce, it offers robust payout capabilities to over 150 countries and 100 currencies.

• Asia: Strong support for bank transfers in India, Bangladesh, the Philippines, and Vietnam.

• Africa: Extensive support for local bank payments across the continent.

• Eastern Europe & South America: Fully supported via local bank transfers.

2. Mass Payouts and Batch Efficiency

This is the biggest advantage for our marketplace’s efficiency. WorldFirst handles mass payments, ensuring you get paid quickly and reliably, even when we pay hundreds of creators at once.

• PromptStamp Payouts: We process our creator commissions in batches using the WorldFirst mass payment feature.

• Speed & Accuracy: This means less time spent waiting on slow wires and fewer processing errors than manual payments.

3. Superior Exchange Rates and Transparency

WorldFirst is known for offering some of the best exchange rates in the industry, focused on saving e-commerce businesses money.

• Competitive Rates: Fees are often significantly lower than PayPal’s hidden markups, with a small, transparent margin on the mid-market rate.

• You Keep More: This means more of your earnings stay in your pocket when converting funds to your local currency.

4. Local Bank Transfers (The “Local” Feel)

WorldFirst connects directly to the local banking infrastructure in over 150 countries.

• Real Cash: The money lands in your verified local bank account, in your local currency.

• No Wire Delays: Payments are processed as local transfers, avoiding the delays and high costs of international SWIFT wires.

5. Global Receiving Accounts (The Business Advantage)

WorldFirst provides you with receiving accounts in major currencies, allowing you to diversify and hold funds. You get your own:

• US Routing Number (USD)

• IBAN (EUR)

• UK Sort Code (GBP)

This allows creators to hold multiple currencies and reduce the risk of constantly converting funds at unfavorable times.

6. Easy and Simple to Use (Instant, Free Payouts)

For Sellers (You):

Create Account: Sign up as an “Individual/Freelancer” (no company needed) on the WorldFirst portal.

Verify: Upload your personal ID (Standard KYC).

Connect: On your PromptStamp dashboard, enter your WorldFirst Account Receiving ID (it usually starts with WF) into the payment settings field.

Get Paid: We initiate the instant and free payment from our WorldFirst Account to yours. The money appears in your WorldFirst balance immediately.

Final Result: You receive 100% of your commission instantly and can choose to hold the funds in a foreign currency or withdraw them to your local bank at WorldFirst’s competitive rate.

Why It Matters?

For sellers with currency regulations or banking constraints in their home country, WorldFirst provides a highly efficient, cost-effective, and transparent pathway to receive global earnings. We chose WorldFirst so that your talent determines your income, not your zip code.