How to collect payment in Wish's no-source model? What are the models?

Now many friends will choose to do no-source business when doing e-commerce, because if you do no-source business, the initial investment is not that much, and you don’t need to stock up. How does Wish collect payments in the no-source model?

1. How to collect payment in Wish's no-source model?

Step 1: After registering a Wish account and logging in to the merchant platform, find "Payment Method". Here we take Payoneer as an example.

Step 2: If you don’t have a Payoneer account yet, click Register to register an account; if you have already registered, you can click Login and fill in your Payoneer username and password to bind it.

2. What are the modes?

1. Currently, wish payment methods include: Liandong Payment, PayEco, AllPay, etc. Liandong Payment renewal will be deducted from the complete payment amount, and a bank account in mainland China is required. PayEco directly pays in RMB and transfers the money to your bank account within 5-7 working days.

2. PayPal can experience zero fees for the first year when using Airwallex to receive and withdraw money. If you use PayPal to receive payments and want to withdraw the money back to China, using Airwallex is the best way to reduce exchange losses. Airwallex is PayPal's official authorized payment platform. Currently, most e-commerce platforms have sellers using Airwallex to withdraw money.

3. PingPong is widely used. It is the most used one by friends who do cross-border e-commerce. It is safe and fast, suitable for multi-store operations, with fast payment, withdrawal and capital recovery. It is very suitable for cross-border e-commerce sellers, and the minimum fee rate is 1%, and the maximum is only 1%, which is cost-effective.

4. Individuals and companies can apply for Paypal, a global payment platform that can be used in more than 200 countries. The account balance is easy to use and the way to withdraw the account balance is flexible. Using Airwallex will make the rate lower and the arrival time will be faster.

5. Different sellers and buyers have different preferences for different payment methods. Merchants prefer "irrevocable" payment methods, while consumers generally dislike and refuse to use such methods, and use third-party payment to protect the interests of both parties. Because of security risks and cost issues, so-called online payment is limited to small transactions and is not suitable for large-amount payments.

This is the end of the introduction to the payment method of Wish's no-source model. After all, Wish platform is a cross-border e-commerce platform. In fact, its payment model is no different from other e-commerce platforms, except that the transaction channels of supply are different.

Recommended reading:

What are the requirements for opening a personal store? How to open a store?

How is Wish's profit calculated? How much is the profit generally?

Where does Wish's cross-border e-commerce traffic come from? How to obtain it?