What is the ranking of cross-border payment platforms? Which one is better?

Now everyone will use some cross-border e-commerce to buy products, and some friends will also do cross-border e-commerce. Then the payment methods of cross-border e-commerce are actually slightly different. What is the ranking list of cross-border payment platforms?

What is the ranking of cross-border payment platforms?

1. Airwallex cross-border payment

Since its establishment, Airwallex has received over US$400 million in financing from investment institutions, including Tencent, Sequoia Capital China, DST Global, Hillhouse Capital, Horizons Ventures, ANZi Ventures, Square Peg Capital, Gobi Partners and Salesforce Ventures.

Withdrawal rate: 0 fee for the first year for a limited time

Applicable platforms: Amazon, AliExpress, eBay, Fnac, Wayfair, Cdiscount, Etsy, etc.

Withdrawal speed: Withdrawal time is as fast as 5 minutes

Supported currencies: Support mainstream currencies such as USD, GBP, EUR, JPY, AUD, etc.

2. Wanlihui Receipt

WorldFirst is a payment platform under Ant Group that specializes in serving sellers on global e-commerce platforms. It has 15 years of cross-border payment experience and supports dozens of platforms including Amazon and Paypal.

Withdrawal fee rate: 0.3% capped

Applicable platforms: Amazon, Lazada, AliExpress, eBay, Meikeduo, Wayfair, etc.

Applicable independent station: Shopify

Withdrawal speed: You can withdraw money to Alipay or bank card and the money will be transferred to your account instantly

Supported currencies: GBP, USD, CAD, JPY, EUR, NZD, SGD, AUD, HKD and offshore RMB

3. Payoneer cross-border payment platform

Payoneer was founded in 2005 and is headquartered in New York, USA. It is an institution authorized by the MasterCard organization to issue cards, providing simple, secure and fast transfer services to a wide range of alliances with a large number of payment populations.

Withdrawal rate: Limited time Amazon withdrawal 0 rate

Applicable platforms: Amazon, Shopee, Wish, eBay, Meikeduo, Wayfair, Allegro, Cdiscount, Walmart, etc.

Applicable independent station: Shopify

Withdrawal speed: Withdrawal to domestic banks only takes 1-2 working days

Supported currencies: Supports multiple currencies, including USD, GBP, EUR, JPY, CAD, AUD, and provides KYC documents

4. Stripe cross-border payment

Stripe is probably the most commonly used payment method for Shopify and other independent website sellers. Stripe specializes in credit card collection and can process major international debit or credit cards, including Visa, MasterCard, American Express, Discover, Diners Club and JCB.

Which payment method is better for cross-border e-commerce depends on which platform you choose. Some platforms support fewer payment methods and there are only a few to choose from. However, you can also learn more about the platform to see which one is suitable for you.

Recommended reading:

How has cross-border e-commerce developed? What are its prospects?

What are the cross-border e-commerce settlement methods? What are the advantages and disadvantages?

What are the independent cross-border e-commerce sites? Introduction to the four major sites