Pay TaoWorld with the World Account:
A smarter sourcing solution
With its vast product range, bulk ordering and fast fulfilment, TaoWorld has gained popularity as a go-to platform for business sourcing. Now, with WorldFirst, making payments to TaoWorld suppliers is easier than ever.
For SMEs navigating the world of cross-border sourcing, building reliable supplier networks and getting the best prices can be a time-consuming process. TaoWorld, Alibaba’s top bulk-buying platform, simplifies this by offering access to over 10,000 product categories, 800,000 suppliers and 4,000 brands.
With everything from apparel to electronics, homewares to pet supplies, and with fast fulfilment, it’s designed for businesses that need efficiency and reliability. It’s also the ideal place to find all the extras that keep your operations running – whether that’s packaging suppliers like boxes and tape, branded merchandise or materials for shipping and fulfilment.
TaoWorld isn’t just about sourcing though; it’s a one-stop platform that helps businesses not only connect with hundreds and thousands of suppliers, but also manage logistics and fulfilment in one place.
We’ve partnered with TaoWorld to make paying your suppliers fast and secure, eliminating the usual friction of cross-border transactions and allowing you to focus on scaling globally instead.
How TaoWorld and WorldFirst support business growth
To grow a business, you need streamlined operations so you can respond quickly to new opportunities as they come up. That’s where TaoWorld and WorldFirst step in, offering a solution that simplifies each stage of the process.
TaoWorld not only provides access to a vast network of suppliers and over 100 million products but also handles the heavy lifting when it comes to logistics and fulfilment. With fast shipping routes and reliable delivery, it’s designed to remove the typical barriers that slow down global trade.
Add WorldFirst’s World Pay payment solution to the mix, and you gain even more control over your international operations. By using a World Account, you can pay your TaoWorld suppliers in CNH in seconds.
Our partnership makes managing cross-border payments easier, saving you time and reducing the complexity of handling different accounts in various currencies.
Advantages of using WorldFirst for TaoWorld payments
When it comes to paying your TaoWorld suppliers, a World Account makes the process faster, more cost-effective and simpler to manage. Here’s how:
- Instant CNH payments: Pay your suppliers in real-time, avoiding delays that could hold up your orders or disrupt your supply chain
- Competitive exchange rates: Save money on every transaction by converting your funds at competitive rates (Card payments are charged at 3% whereas WorldFirst only charges 0.8%)
- No annual limits: Make payments with no annual spending limits or thresholds, with a fully compliant flow of funds
- No hidden fees: Enjoy transparency with straightforward pricing, so you know exactly what you’re paying without unexpected charges
- Automated payments: Set up auto-debit for hassle-free, single-click payments, ensuring your suppliers are paid with minimal effort on your part
- 100% Cashback Reward (limited time): For a limited time, enjoy cashback of an amount equivalent to the total service fee collected in respect of your TaoWorld order payment (“Cashback Reward”)
How to use WorldFirst for TaoWorld payments
To use your World Account for TaoWorld payments, you need to first link your two accounts.
- In the World Account online portal, navigate to ‘Payments’ > ‘World Pay’
- Click on ‘Authorise TaoWorld account’
- Enter your TaoWorld account credentials and click ‘Next’
- Confirm the authorisation agreement and click ‘Next’
You’re now ready to use your World Account balance to pay TaoWorld suppliers.
- Open 10+ local currency accounts with local account details
- Direct CNH payments to 1688.com
- Pay suppliers, partners and staff in 40+ currencies and 130+ destinations
- Collect secure payments from 100+ marketplaces and payment gateways, including Amazon, AliExpress, Paypal and Shopify
- Lock in currency conversion rates for up to 24 months
Zero payment fees for TaoWorld orders
For a limited time, you may receive the Cashback Reward when you make any payment in connection with a TaoWorld order using the World Pay function of your World Account. This means you can save even more while making your TaoWorld purchases.
What’s the offer?
- 100% cashback on all transaction fees for payments made to TaoWorld suppliers using the World Account.
- The cashback will be credited directly to your World Account.
Eligibility criteria
- Available to all WorldFirst customers with an active World Account
- Applies to payments in connection with a TaoWorld order using the World Pay function of your World Account.
- The offer is valid from now until 31 December 2024
- Valid for both new and existing customers who make eligible transactions during the promotion period
How it works
- Link your accounts: Connect your World Account and TaoWorld account, and set it as the payment method
- Make your payment: Pay your TaoWorld suppliers in CNH, either by adding funds to your CNH account, or by converting funds from your other currency accounts to CNH
- Receive cashback: The Cashback Reward shall be credited to the relevant Participant’s United States dollar (“USD”) denominated World Account in USD by the 10th of the following month subject to the Participant satisfying the Reward Criteria.
- Enjoy the savings: There’s no limit to how many times you can earn cashback during the promotion period, so every eligible payment saves you more
How to take advantage of the offer
New to WorldFirst? Simply sign up for a World Account, and you’re ready to start enjoying the cashback on your TaoWorld payments. [Find out more here.]
Already a customer? Use your World Account to pay TaoWorld suppliers, and we’ll automatically credit your cashback.
Why choose the World Account
The World Account gives your business the flexibility and security to operate globally. Since 2004, we’ve helped over one million businesses send over $200 billion across borders.
Make it easier for global customers to pay you: Receive payments in 20+ currencies, making it simple for international clients and marketplaces to pay you in their local currency.
Easily pay international suppliers: Manage payments to suppliers and partners worldwide in over 90 currencies from one account.
Enjoy peace of mind: Our robust security measures protect your funds and data at every step, reducing the risk of fraud. You can focus on your business with confidence, knowing your payments are processed safely.
Stay in control of your cash flow: Hold multiple currencies in your World Account, so you can pay, convert or withdraw funds when it benefits your business most. This flexibility helps you avoid unnecessary conversion fees and manage your finances effectively.
Save time and money on transfers: Make quick payments to suppliers and staff at competitive rates, cutting down on the time and cost of moving money internationally. Plus, it’s free to receive payments.
Expand into new markets with ease: With the ability to pay and get paid around the world, the World Account allows you to enter and operate in new markets without the complexity of dealing with different banking systems.
Get support wherever you need it: With 32 offices globally and locally based support in Singapore and across Asia, our team is always available to assist you.
Built with SMEs in mind: We understand the unique challenges small and medium-sized businesses face when operating globally. From managing tight cash flows to simplifying complex international transactions, our platform offers you the tools and flexibility you need to expand your business.
Ready to get started? Open a World Account for free online in minutes.
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