① Electronic account category: the main payment method is electronic account to electronic account (similar to Alipay and Alipay transactions, both parties need to register and own accounts), mainly including PayPal, MoneyBookers, Ap, Google checkout, LR, cashrun cashpay, etc.
② International credit card payment: A third-party credit card payment company provides a payment channel to achieve the purpose of payment, which is a payment gateway-to-payment gateway mode (similar to online banking payment), mainly including fashionpay, EasyPay, ChronoPay Ring Express Pay (IPS), PayEase, Allmypay, and Double Dry Payment. Remittance is mainly through bank transfer or remittance company. Convenient for large payment, safe, not suitable for small collection, high cost. Once the funds are issued, they cannot be recovered and there is no protection for consumers. Mainly used for wholesale foreign trade collection. There are mainly telegraphic transfer (), letter of credit (L/C), Western Union (Wu, International Express Remittance Company), MoneyMoney (MG, Global Express Remittance Service) and so on.
Different payment methods have different preferences for different sellers and buyers. Generally speaking, merchants tend to choose "irrevocable" payment method, while consumers generally hate and refuse to use this method, and advocate the use of third-party payment to protect the interests of both parties. Of course, because of the security risks and costs involved, the so-called online payment is limited to small transactions and is not suitable for large payments. For foreign trade retail collection, both merchants and consumers can't find a combination point and payment method acceptable to both parties. For consumers, there is one more payment and one more choice. As a merchant, we should cater to the needs of customers as much as possible on the premise of protecting our own interests.
3. The advantages and disadvantages of 3.TT, Western Union, PayPal and credit card channels are that the remitter pays a fixed amount of local currency to his foreign exchange bank in exchange for a fixed amount of foreign exchange, and indicates the name and address of the payee, and then the undertaking bank (remitting bank) sends an additional fee telegram to a branch or correspondent bank (remitting bank) in another country, instructing the remitter to pay the payee.
Market: traditional trading mode, most countries in the world.
Mode: Direct remittance to bank account.
Advantages:
1. Fast collection and convenient withdrawal.
2. Safe, suitable for large collections.
Disadvantages:
1. Buyers are required to pay in advance, and there are also strict requirements on credit issues.
2. Not suitable for small payment. It is the world's leading express remittance company with a history of 150 years. It has the largest and most advanced electronic remittance financial network in the world, with agent outlets in nearly 200 countries and regions around the world.
Market: traditional trading mode, most countries in the world.
Mode: Direct remittance to the merchant's Western Union account.
Advantages:
1. It only takes a few minutes to collect money quickly.
2. Pay first and then deliver, so as to ensure that the interests of the merchants will not be lost.
Disadvantages:
1. The procedure cost is high and it is not suitable for small remittance.
2. Paying first and then shipping, foreigners are prone to distrust. 3. The small customer base limits the trading volume of merchants.
3. It does not meet the payment habits of foreigners. When paying small amounts, they prefer to pay online, such as credit cards.
4. The exchange rate is mainly affected by account payment, that is, both buyers and sellers register a PayPal account. After the merchant's PayPal account is authenticated, the buyer can pay the seller's PayPal account through the PayPal account.
Market: There are about 70 million users in more than 40 countries, including China.
Mode: Account-to-account transactions, only PayPal users can pay online.
Advantages:
1. The international payment channel meets the payment habits of customers in some regions.
2. The transaction mode between accounts. You can buy and sell, and both parties have PAYPAL.
3. The interests of PAYPAL users and consumers (buyers) are greater than those of PayPal users and sellers (merchants).
Disadvantages:
1. Every transaction requires a wire transfer fee and a transaction processing fee.
2. The account is easy to be refused to pay and frozen, and the thawing time takes 180 days. It is inclined to establish a professional online payment platform based on the interests of buyers to provide safe and convenient online payment services for domestic and foreign trade merchants. Cardholders can use VISA, Master Card, JCB, AmericanExpress, Diners Club internatinal to make payments and easily complete online transactions.
Market: global market, only with VISA/MATSER/JCB/AE/MB credit card can you pay.
Mode: gateway to gateway online payment
Advantages:
The 1. account will not be frozen, but directly linked to the credit rating, effectively reducing the visa refusal rate.
2. Meet the credit card consumption habits of foreign consumers, especially European and American consumers.
3. Cooperation with BOC has high security and stability and is not affected by exchange rate.
4. There is no cash withdrawal fee
You can break the foreign exchange limit of $50,000 per person per year.
6. At present, there are few restrictions on foreign trade commodities, which are suitable for businesses with large product diversification.
7. Tending to protect the interests of the seller
Disadvantages:
1. Generally, it is settled twice a month. It takes some time for the fund to turn around, but the time can be negotiated with the payment company.
You need to pay a certain annual fee and service fee.
According to the actual situation, choosing the appropriate payment method is your best choice.