Paypal is an American company and is protected and managed by American law. It is an independent third-party collection agency, similar to Alipay's electronic wallet model. The credit card collection channel mainly cooperates with card organizations and domestic banks with acquiring qualifications. It is a payment gateway to gateway online model. The main difference is that.

★Paypal prerequisite: Both buyers and sellers must have merchant accounts registered with PAYPAL before they can conduct transactions; when consumers purchase products.

1. Foreign consumers charge money into their own PAYPAL account and tell the PAYPAL company about the goods they want to buy. PAYPAL confirms and tells the merchant that the goods can be shipped.

2. After the foreign consumer receives the goods and signs for them, he notifies the PAYPAL company to make payment to the merchant, and PAYPAL funds are transferred from the consumer account to the merchant account.

3. The transaction is completed. Merchants are trying to find ways to withdraw cash from their PAYPAL accounts to domestic bank accounts.

Advantages: The electronic wallet mode is relatively safe.

Disadvantages: Paypal mainly protects the rights and interests of consumers. Therefore, accounts are easy to be frozen or cleared. Subsequent withdrawals are cumbersome and have high handling fees. They are subject to national foreign exchange controls, and merchants are not protected in the event of a chargeback, etc.

★International credit card payment channel: Consumers only need to have an international credit card to complete real-time online payment, which is safe, convenient and worry-free. When consumers purchase products.

1. Enter the website payment page, enter the basic credit card information and submit it, then transmit it to the bank system through the payment channel for confirmation and feedback the relevant results.

2. After passing the risk control, submit the application to the card issuing bank for deduction, and feedback the relevant results to the channel and the merchant, and ship the goods based on the feedback results.

3. After the consumer signs for receipt, the transaction is completed. The bank will settle the transaction based on the transaction situation. Merchants only need to bind a bank settlement account and wait for the payment to be made, and cash withdrawals are free of charge.

Advantages:

1. The bank credit system is used to maximize the protection of the interests of buyers and sellers. If there is a malicious chargeback, it will have an impact on the consumer's personal credit.

2. Safe, convenient, worry-free, and in line with international payment practices. Especially in Europe and the United States, people are accustomed to and rely on credit cards for daily consumption in life.

3. There are no hidden fees, and merchants can grasp transaction details in real time through the backend.

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