Cross-border e-commerce payment collection methods include:
1. Paypal
Both buyers and sellers have Paypal, which supports collection of genuine or unbranded products. If they are counterfeit brands It is not recommended to use PayPal to collect payments for products such as , Black Category 5, e-cigarettes, etc., because it is very easy to have your account blocked and your account frozen. You can consider using the credit card payment channel.
2. Stripe
Stripe supports all credit cards and debit cards and various electronic wallets. There is no withdrawal fee, and the due balance is automatically transferred to the bank account. However, due to policy factors, Stripe is not open to mainland China. The application threshold for users in mainland China is relatively high, and accounts can only be deposited into overseas bank accounts in US dollars or corresponding foreign currencies, which is very cumbersome.
3. International credit cards
Credit cards are also widely used abroad, so many independent sellers will choose to cooperate with third payment companies. Credit card collections also cannot be credited immediately and require the cooperation of a third payment company. Compared with foreign payment companies, it is more convenient for domestic payment companies to settle in RMB.
There are many good third-party payment companies in China, such as: Qianhai, Asiabill, Yingpay, PingPong, Payssion, authorizePay, LianLian Pay, Onlypay, etc. Among them, Onlypay payment provides multiple settlement methods such as T (3-7), which is convenient for cash withdrawals, fast for repayment, and can easily optimize capital turnover. You can lock the real-time exchange rate of Bank of China and truly achieve zero exchange loss.
4. Southeast Asian Market
In Southeast Asia, cash on delivery is the most common method, and online transactions are rarely used. Payments are collected through cooperative freight forwarders and settled regularly with freight forwarders. For delivery, you need to contact the local logistics provider for cooperation and choose the most appropriate method according to your needs.
5. Offline collection
Through local bank card transfer, Western Union, etc., some markets can only complete transactions through this method. There are merchants in the wig market in South Africa and Brazil who are doing very well.