What are the payment methods on cross-border platforms? Introduction to payment methods

To do cross-border e-commerce business, merchants need to prepare bank cards, credit cards, business licenses and payment methods. The payment method is to receive payment from the platform. So what are the payment methods of cross-border 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 popular payment method currently used by Shopify and other independent website sellers. Stripe specializes in credit card payments and can process major international debit or credit cards, including Visa, MasterCard, American Express, Discover, Diners Club and JCB.

Withdrawal fee: No withdrawal fee

Applicable platforms: Stripe integrates with almost all leading e-commerce platforms, including BigCommerce, Squarespace

Applicable independent station: Shopify

Withdrawal speed: 7 working days

Supported currencies: 135 currencies supported

Please note: China is not one of the countries or regions where Stripe is open. Domestic users cannot apply for Stripe directly, but sellers can apply for a Stripe account in Hong Kong, where the review requirements are relatively loose. Hong Kong Stripe only provides three necessary conditions: a Hong Kong bank account, a Hong Kong phone number, and a Hong Kong address.

In general, the payment methods of cross-border platforms include Airwallex, Wanlihui, Payoneer, Stripe, iPayLinks and Paypal.