I mentioned before that PayPal does not support FP collection, so how to solve the problem of FP collection? Consider adding an international credit card payment gateway. For foreign trade FP payment collection, it is very necessary to use international credit card payment channels. The international credit card payment gateway is by far the most secure online payment method for FP merchants. The reasons are as follows:
1) Don’t worry about your account being frozen. Compared with Paypal, a great advantage is that the international credit card gateway will not be frozen. Even if a customer refuses to pay, at most the amount of the order that is refused will be frozen, which will not affect collection or settlement.
2) It can effectively circumvent foreign exchange controls for individual merchants. International credit card payment gateways generally settle in RMB, which can effectively avoid foreign exchange control issues. Paypal accepts orders in U.S. dollars. Even after receiving the payment, it needs to be converted into RMB. This is very troublesome and involves exchange rate risks. International credit card payment gateways cooperate with third parties, generally acquiring in RMB, which can well avoid this risk.
3) It can effectively avoid chargebacks. Paypal chargebacks are not linked to the creditworthiness of the cardholder's credit card. The cardholder can chargeback at will. But credit card payment gateways are different. Chargebacks are linked to the creditworthiness of the credit card. If the cardholder refuses to pay too much, it will inevitably affect the use of the card. If chargebacks occur frequently, the credit card organization will identify the card as a risky card, which will have an impact on the cardholder's creditworthiness and the use of the credit card.
4) It can increase the number of credit card users. The international credit card payment gateway allows you to make payments as long as you have a card in hand. It is convenient and fast, and is in line with the consumption habits of foreigners. Although Paypal has more than 200 million users worldwide, compared to the more than one billion users of international credit cards, it is far out of reach. Users with a PayPal account must have a credit card, but not every user with a credit card has a PayPal account. International credit card payment gateways can well satisfy buyers who do not have Paypal accounts, facilitate payment, and can expand the merchant's customer base and retain new customers.
5) Improve the authority of the trading website. Enhance the competitiveness of the website, improve user experience, and win more orders. The use of international credit card payment gateways can meet the needs of different customers, bring customers a better payment experience, and retain more customers.