In the United States, the album was a commercial success. Upon its US release, it debuted at number sixteen on the Billboard Latin Albums chart. It eventually reached number one on both the US BillboardTropical Albums and Latin Albums charts and was the best-selling Latin album of 2011 in the United States. It also peaked at number seventy-seven on the Billboard 200 albums chart. By late October 2011, Prince Royce was certified 3× Platinum (Latin field) by the Recording Industry Association of America (RIAA). It was also a commercial in the Chile where it was certified 2× Platinum by International Federation of the Phonographic Industry of Chile (IFPI Chile). It spawned four singles: "Stand by Me", "Corazón Sin Cara", "El Amor Que Perdimos" and "Mi Ultima Carta", the second of which reached #1 on the Billboard Hot Latin Songs and was the best-performing Latin sing of 2011.
At age fifteen, Royce had began making music and at age nineteen, met Andrés Hidalgo, who became his manager. Hidalgo began helping Royce work hands-on with bachata music. That was the specific moment in which Royce had decided that pursuing a musical career is what he wanted to do. Hidalgo later introduced Royce to Sergio George, who immediately signed the former to his label, Top Stop Music, after listening to three of his demos.
In the United States, Prince Royce debuted on the Billboard Latin Albums chart during the first week of March 2010 at number fifteen. Fifty-eight weeks after its release, Prince Royce reached the number one spot on the US Billboard Latin Albums on the week of April 23, 2011. On the BillboardTropical Albums chart, the album debuted at number two on the week of March 20, 2010. The album peaked at number-one on the Tropical Albums chart on the week of September 18, 2010 where it spent a total of fifty-three weeks on top. It peaked at number seventy-seven on the US Billboard 200 chart during the first week of April 2011 and remained on the chart for forty weeks. The album was the sixteenth best-selling Latin Album and second best-selling Tropical Album of 2010 and was the best-selling Latin and Tropical Albums of 2011. On October 25, 2011, the album was certified 3× platinum (Latin field) by the RIAA for shipments of 300,000 copies. The album was also a commercial success in Chile where it was certified 2× platinum by the IFPI Chile.
"Stand by Me" was released as the lead single from the album on January 19, 2010. The song is remake of American soul singer Ben E. King's original 1961 song. An English version and a version which features Ben E. King was released for digital download in July 2010 and November 2010, respectively. In the United States, the song was commercially successful in the Latin market, peaking at number one on the BillboardTropical Songs chart. By early May 2010, the song had reached the top ten on the Billboard Latin Songs chart peaking at number eight.
"Corazón Sin Cara" was released as the second single and made available for digital download on February 9, 2010. It was Royce's second consecutive number one song on the Billboard Tropical Songs chart. It also reached the number one song on the Billboard Latin Songs chart, becoming his first song to top the chart. According to Billboard, it was the best-performing Latin single of 2011.
The third single "El Amor Que Perdimos", peaked at number sixteen on the Hot Latin Songs chart. "Mi Ultima Carta" was the last single released from where it peaked number nineteen on the Hot Latin Songs and number two on the Tropical Songs chart.
In a positive review, Carlos Quintana of About.com commented on the singer's "artistic talent as a singer and composer." He noted that the incorporation of English lyrics on the album would help expose bachata music to unfamiliar audiences. He concluded by saying, "From beginning to end, Prince Royce is a very enjoyable album. This musical production is both refreshing and innovative." Jason Birchmeier of Allmusic gave a mixed review; praising Royce's vocals Hidalgo production of the album while criticizing the short duration of the album and Royce's "tendency to name-check himself far too often".
At the Latin Grammy Awards of 2011, the album received a nomination for Best Contemporary Tropical Album which was awarded to Juan Luis Guerra for A Son de Guerra. At the Lo Nuestro Awards of 2011 Royce received three Lo Nuestro awards including Tropical Song of the Year for "Stand by Me", Tropical Artist of the Year, and Tropical Breakout Artist or Group of the Year while the album received a nomination for Tropical Album of the Year. At the 2011 Casandra awards in the Dominican Republic, Royce received an award for New Artist of the Year and two nominations including Musical Album of the Year. At the 2011 Premios Juventud, Royce received three awards including Tropical Male Artist of the Year, Tropical New Artist of the Year, and Tropical Song of the Year for Stand by Me and three nominations. At the Lo Nuestro Awards of 2012, Royce received three awards for Tropical Male Artist of the Year, Tropical Traditional Artist of the Year, and Tropical Song of the Year for "El Amor Que Perdimos". "Mi Ultima Carta" received a nomination at the 2012 Casandra awards for "Bachata Song of the Year". At the 2012 Latin Billboard Awards Royce won six awards including "Album of the Year" and "Tropical Song of the Year" for "Corazón Sin Cara".