What are the cross-border third-party payment platforms? Which one is better?

When people shop on cross-border e-commerce platforms, they generally cannot use domestic payment methods. Such platforms generally have third-party payment options. So what are the cross-border third-party payment platforms?

What are the cross-border third-party payment platforms?

1. Paypal

PayPal is an Internet third-party payment service provider headquartered in San Jose, California, USA, which allows funds to be transferred between users who use email to identify themselves, avoiding the traditional method of mailing checks or remittances. PayPal also cooperates with some e-commerce websites and becomes one of their payment methods.

2. WorldFirst

WorldFirst is a foreign exchange company that focuses on providing international payment services to businesses and individual sellers. WorldFirst entered China in 2010 and has currently served more than 20,000 Chinese cross-border e-commerce sellers, with more than 100,000 active customers worldwide and an annual transaction volume of more than US$1 billion.

3. Airwallex

Airwallex is a financial technology company dedicated to building a global cross-border payment integration platform. Its business scope includes collection, payment and multi-currency exchange in cross-border transactions. Currently, Airwallex supports most cross-border transaction platforms, such as Amazon, eBay, and Shopify. It can now support transactions in more than 130 countries and regions and more than 50 currencies, helping Chinese sellers to quickly expand overseas.

4. Payoneer

Payoneer, referred to as P card, is a cross-border funds distribution company established in the United States in 2005. It is currently the only officially recommended payment method by Amazon. It provides global payment solutions and can also receive US B2B funds like US companies.

Payoneer Inc holds a US Money Transmitter license and is registered with FinCEN (US Financial Crimes Enforcement Network) as an MSB (Money Service Business) and a service provider authorized by MasterCard? International MasterCard Organization.

5. Baofu Payment

Baofu Payment focuses on electronic payment and big finance, and is a leading independent third-party payment company in China. Baofu provides individuals and enterprises with flexible, self-service and secure Internet payment products and services. Baofu products include: collection products, payment products, settlement products and platform products.

There are many cross-border third-party payment platforms, such as Alipay, which also has cross-border e-commerce payment. You can use UnionPay multinational banks, etc. In short, if you shop on a cross-border e-commerce platform, there are still many payment options.

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