Which payment account is better to bind to Shopee? What are the advantages?

If you open a store on the Shopee platform, you also need to bind a payment account. The more payment methods you open, the more payment options consumers will have when shopping. Which payment account is better to bind to Shopee?

Which payment account is better to bind to Shopee?

Lianlian payment is better

1. Rapid cash withdrawal, efficient global funding network, and real-time withdrawal.

2. No exchange rate loss, lock the real-time exchange rate of Bank of China, truly zero exchange loss.

3. Fund security, bank-level security to protect your funds.

In addition to providing cross-border payment collection, cash withdrawal and other main businesses, LianLian Pay also provides other seller services: VAT service, supplier payment, early payment, and reconciliation master.

Payments are settled in the local currency type. Sellers can change the payment account bound to their account at any time, but they must have an independent password to change it. Please note that the independent password needs to be obtained from the exclusive account manager, which is different from the store login password.

Not all Shopee sites settle in US dollars. Only some sites accept payments in US dollars, namely Taiwan, Malaysia, Thailand and the Philippines.

Domestic sellers who set up local Shopee stores must collect payments through service providers. If you do not want to go through service providers, then you need your local friends to help you apply for a bank card.

When choosing a service provider, you should pay attention to whether they are reliable. If you choose an unreliable service provider, your money will be wasted. When choosing, it is recommended to consider qualifications, evaluation, credit, service, etc. It is very important for domestic Shopee local accounts to choose a guaranteed service provider.

Shopee local accounts have many advantages, but the information is more complicated and the security is low. It is recommended to choose the appropriate model according to your own situation and needs to make your store operate better.

Each payment method on the Shopee platform has its own advantages and disadvantages. The key for sellers is to choose the one that suits them. When choosing, they need to consider the ease of operation and the withdrawal fee rate.

The above bound payment accounts are actually quite good. If you open a payment account, you may choose to give up the shopping if there is no such method, so merchants should open more payment methods.

Recommended reading:

Where is the buyer entrance for Shopee? What is the difference between local stores and overseas stores?

How to register as a Taiwan Shopee buyer? How to register as a local Shopee store?

How to join Shopee Taiwan? How to choose products?