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'Cross-border gas station' collection!The most comprehensive cross-border payment guide in history

Views: 1     Author: Site Editor     Publish Time: 2022-05-18      Origin: 雨果网

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'Cross-border gas station' collection!The most comprehensive cross-border payment guide in history

1. Payment knowledge

Although they are generally called cross-border collections, collections and receipts are different.E-commerce platform sellers collect cross-border payments (for example, Amazon sellers use Payoneer to collect payments), while independent sellers mainly need cross-border collection.There are two main ways to acquire cross-border orders. One is to use PayPal, which is equivalent to an electronic wallet, and the other is to acquire orders through international credit cards (such as Stripe).

It is very simple to connect to third-party platforms like Amazon. The platform itself has solved the front-end acquiring problem. As a seller, you only need to solve the settlement and withdrawal of foreign exchange through a third-party payment institution.The independent station e-commerce payment docking needs to solve the problems of front-end receipt and back-end foreign exchange settlement.



2. Cross-border bill collection



3. Cross-border payment collection

3.1.Amazon payment collection

The buyer pays for shopping --> the money is temporarily stored in Amazon's third-party platform --> the buyer confirms receipt of the goods --> the seller can transfer the money to the cross-border collection account (that is, transfer it back to the national currency) after 14 days -- >The seller transfers money from the cross-border collection account to a personal or company bank card

Amazon's payment cycle is 14 days, and there are two payment cycles: 7/27 – 8/10: In the last payment cycle, on 8/11, Amazon will transfer the money paid by the buyer after deducting various fees. Go to your bound payment account.8/10 – 8/27, the current payment cycle, assuming today is 8/13 and Amazon has not paid you yet, then the money temporarily stored in Amazon is your account balance.

The global collection service launched by Amazon does not require foreign bank cards or third-party accounts. Sellers can receive global payments in local currencies and deposit them directly into the seller's domestic bank account.Prior to this, Amazon's backend could only fill in the bank card of the local bank according to the site where it was located to collect payment. For example, a seller on the US site could only fill in the bank card of the local bank in the United States.

Chinese sellers currently operating on Amazon's nine major overseas sites in the United States, Canada, Germany, the United Kingdom, France, Italy, Spain, Japan and Mexico can apply for activation and can be converted into 45 international currencies.The foreign currency income earned by Chinese sellers at the above-mentioned nine Amazon overseas sites can be paid through RMB accounts in domestic banks, with a unified handling fee of 1.25%.

3.2. AliExpress payment collection

On the AliExpress platform, sellers need to set up two collection accounts: a RMB collection account and a USD collection account.

1. When the buyer pays by credit card, the money will be transferred to the international Alipay account in US dollars or RMB depending on the international payment channel, and then cashed out in US dollars and RMB respectively.

2. When the buyer pays via T/T bank transfer, the money will be released to the customer's international Alipay account in US dollars.In other words, if the buyer uses different payment methods, the payment will be deposited into the seller's different collection account.

It should be noted that AliExpress can withdraw cash by binding Alipay and bank cards.There is no handling fee for withdrawing RMB to Alipay, but there is a handling fee of US$15 for US dollars.In addition, the bank card must support an account that can withdraw US dollars before it can be bound.

3.3. eBay payment

Current payment on eBayThe main method is PayPal. PayPal’s current withdrawal methods are relatively complicated. The main methods are:

1. Withdraw money to a domestic bank card.Paypal withdrawal fee of US$35 plus bank transfer fee of US$12

2. Withdraw to an offshore account in Hong Kong, there is a 2.5% currency conversion fee.

3. Check.There is a handling fee of US$5 for cashing a check, and the collection fee is charged by the bank. The usual fee is about 60 yuan.It takes about 10 days to arrive in major cities and about 1 month for collection.There is a risk of being lost in the mail.

3.4. Wish payment collection

Currently, there are three main ways to collect payments on the Wish platform.


In 2014, Wish reached a cooperation with Payoneer.Wish's loan policy has been adjusted several times in the past year, but once the loan is released, it can be received in the Payoneer account within two hours, and there is no deposit fee.It takes 1-2 working days for withdrawals to be made domestically, with no foreign exchange settlement restrictions; the withdrawal fee is 1-2%, and is automatically reduced based on the accumulated deposit amount in Payoneer.

2. PayEco

After 'breaking up' with PayPal in 2014, Wish is also actively looking for other partners, and Yilian Pay is one of them.Yilian Pay directly uses RMB to settle the payment, and the payment can be directly transferred to a domestic account. Therefore, you do not need a PayEco account to use Yilian Pay, but you need a Chinese bank account.It takes 5-10 working days to be credited into your account, the length of time depends on the bank's processing procedures.Starting from May 2015, the handling fee of Yilian Payment has been reduced to 1%.

If the seller chooses to use, they must enter their name, business name, postal address, email, mobile phone number and other will send an email reminder when the Wish platform receives offers both electronic transfers and checks.However, it should be noted that Bill's electronic transfer service is limited to individuals in the United States.The general ACH processing time is 3-5 working days, with a fee of US$0.49 per transaction; US or international paper checks take 5-21 working days, with a fee of US$1.49 per transaction.

3.5. Dunhuang Net payment collection

All you need to collect money on the Dunhuang platform is a bank card.Sellers can set up RMB bank accounts and US dollar bank accounts according to their own business needs, or only set up an account in one of the currencies. This does not affect withdrawals.Moreover, savings cards (debit cards) issued in mainland China are generally multi-currency by default. Sellers can check the handling fees by themselves or consult the bank regarding which bank to choose.

It should be noted that the platform requires sellers to enter a bank account number consistent with the name used for identity authentication on the platform when setting up a RMB account.Some sellers whose names contain traditional Chinese characters need to confirm with the bank where they opened their account how the bank account name is stored.Because most banking systems do not support account names in traditional Chinese characters, if the platform's identity authentication name is in traditional Chinese characters and the bank's name is in simplified Chinese characters, it will also cause 'the account name does not match the account number' to appear when the seller withdraws cash, resulting in a withdrawal. fail.

3.6. Lazada payment collection

Payoneer is currently Lazada’s only designated payment channel for domestic e-commerce. Only one Payoneer account can be bound to all Lazada sites for payment collection.Lazada transfers money once a week, and the payment can be credited to the Payoneer account within two hours, with no deposit fee.

In terms of cash withdrawals, RMB exchange settlement and foreign currency wire transfers charge a handling fee of 1%-2%, which decreases with the increase in the accumulated amount of deposits, and can be as low as 1% (accumulated deposits of US$3 million).Regardless of the size of the seller, it takes 1-2 days for the withdrawal to arrive in the bank.

3.7. Comparison of third-party collection companies




PayPal is the most important payment method for cross-border e-commerce. Just like Alipay in China, Paypal payment acceptance is quite high in the US market, and it has become the first choice for online shopping.

PayPal is divided into personal accounts and business (merchant) accounts.By region, Chinese sellers commonly use PayPal accounts in mainland China, PayPal accounts in the United States, and PayPal accounts in Hong Kong.

PayPal has always been strict about money coming in and money out. It is easy to get money in but hard to get out.In the early days, Shopify could be bound to personal PayPal and you could withdraw cash to your own personal bank card. Now Shopify requires a PayPal merchant account to be bound, and sellers using PayPal must have a business license.PayPal will deposit (frozen funds) in proportion to the amount of money received. It needs to provide a report every year and then adjust the deposit ratio.

PayPal does not have a dedicated account manager. Generally, you should contact PayPal customer service directly (telephone, online, or email).For large customers, PayPal will conduct an internal evaluation and proactively contact them for service docking. General merchants cannot find account managers dedicated to serving them through external channels.

When using PayPal to collect money, the main fees involved include payment transaction fees, currency conversion fees, and cash withdrawal fees.

4.2.paypal related policies


.Account opening conditions

Domestic individuals or companies can register, and after binding a credit card, they can collect and withdraw money.

02. Practicality

It supports many credit cards such as: V card, M card, JCB, etc., and also supports some local payments.

03. Rate

The standard is 4.4% + US$0.3 per transaction; if the collection volume is large, you can get a preferential rate of 3.4% + US$0.3 per transaction.

4.3.PayPal payment/acquisition

PayPal collections are mainly in the form of US dollars. Sellers accept payments directly in the currency of their choice. Of course, other currencies are also supported. However, it is worth noting that PayPal does not support RMB collections. Everyone must understand that the country has currency controls. .Because PayPal can only withdraw cash in mainland China in U.S. dollars, it is recommended that everyone accept U.S. dollars from customers. Unless you are more specialized in one currency, you can open a new currency.

There is no unified charging standard for PayPal payment collection. Different countries where you choose to register PayPal have different charging standards.Among them, the vast majority of Chinese merchants choose either the Chinese mainland version of PayPal or the US version of PayPal.In terms of usage costs, the US version of PayPal is not only lower, but also more free and convenient to use.However, PayPal registered in mainland China is affected by financial regulatory policies. Not only is the fee high, but withdrawals are also troublesome.

Also used to collect payments, the initial rate of the US version of PayPal is only 2.9% of the transaction amount, while the rate of the mainland China version is 4.4%.Withdrawals from the US version of PayPal are free, while withdrawals from the mainland China version of PayPal are 35 US dollars each, and there is no guarantee that the withdrawal will be successful. If the bank refuses to accept the return, it will charge a return fee.

PayPal’s former tiered rates are no longer there after the reform in 2020:


Mainland PP account collection rate:


Currency exchange:


eg The merchant has a Hong Kong PayPal account, and the target market is Europe. The payment is collected in euros, and the cash is withdrawn to the Hong Kong bank account in Hong Kong dollars, which means that the euros will be converted into US dollars/HK dollars when withdrawing, and a 2.5% transfer fee will be charged;

eg The merchant has a Chinese PayPal account, and the target market is the United States. The payment is collected in US dollars, and the cash is withdrawn to the Chinese bank account in US dollars, and there is no transfer fee;

eg The merchant has a Hong Kong PayPal account, and the target market is the United States. The payment is collected in US dollars, and the cash is withdrawn to the Hong Kong bank account in Hong Kong dollars. When withdrawing, the US dollars must be converted into Hong Kong dollars and a 2.5% transfer fee will be charged;

Before opening PayPal, you must first understand whether your mall is suitable for using PayPal to collect payments:

B2C customers are mainly retail customers, and the single transaction amount of the product is generally from tens to hundreds of dollars, and it is suitable to use PayPal if the amount is less than 3,000 US dollars.

B2B customers, of course, will choose T/T for large amounts of money, but many customers start with small sample orders, so using PayPal to receive small orders is perfect.

The product, whether the product is a counterfeit brand, if it is a counterfeit brand, it is not recommended to use Paypal to collect payments. Once found, it will be permanently restricted.

4.4.PayPal withdrawal

Although the threshold for using PayPal is not high, withdrawing cash through PayPal is not that easy.

PayPal officially provides four ways to withdraw the balance from accounts in mainland China: the first is to withdraw money to a domestic bank account, the second is to withdraw money to a Hong Kong bank account, the third is to withdraw money to a U.S. bank account, and the fourth is to check withdraw.

For bank accounts in mainland China and bank accounts in the United States, PayPal only supports USD withdrawals.For bank accounts in Hong Kong, PayPal only supports withdrawals in Hong Kong dollars.

(1) Withdraw money to a domestic bank account

For PayPal business accounts, in principle, balance withdrawals can only be made to the US dollar account of the company's bank account.Each wire transfer to a domestic public account will incur a handling fee of US$35, and it is inconvenient to withdraw small amounts.In order to avoid compliance risks, many banks will reject funds that cannot provide compliance transaction records.

PayPal personal account, withdraw money to a domestic personal bank account. National policy stipulates that individuals can only settle foreign exchange of 50,000 US dollars a year.

In addition, if you blindly make a wire transfer to withdraw cash without checking with the local bank in advance that it can be credited, it is very likely that the funds will be returned, and US$35 plus US$15 intermediary bank fees will be deducted. Not only will the matter not be completed, but it will cost an additional US$50.Therefore, before withdrawing money, you need to call the bank to verify whether it accepts PayPal withdrawals. A few banks may not accept it, resulting in refund rejections and other issues.

The bigger problem is domestic taxation. There is no way to do accounting and no way to file tax VAT 6% + 25% personal tax...

(2) Withdraw money to a Hong Kong bank account

Another free PayPal withdrawal method is to withdraw money to a Hong Kong bank account.

There will be a 2.5% currency conversion fee when converting US dollars into Hong Kong dollars in PayPal, so it is not cost-effective to withdraw large amounts.But for small withdrawals with just a few hundred dollars in your account balance, it's well worth trying.This method is suitable for small dollar withdrawals.

(3) Withdraw money to a U.S. bank account

Although PayPal's corporate account does not support withdrawals to domestic personal bank cards, it does support withdrawals to U.S. bank cards or Hong Kong bank cards, and the withdrawal time is shorter.

You can register a Payoneer account and then issue a U.S. Bank account, which is similar to having a virtual U.S. Bank card.Then bind this virtual card to PayPal, withdraw money from PayPal to the virtual card, and then withdraw money from Payoneer to a domestic bank card. A Payoneer withdrawal fee ranging from 0.3-1.2% will be deducted here.

One thing to pay special attention to here is that the US bank card issued to us by Payoneer by default is from First Century Bank. When PayPal displays, there may be a prompt that cash withdrawals from this bank's card are not supported.Don't worry, we just need to take a screenshot of this prompt and find Payoneer customer service to tell them that you need to withdraw money through PayPal, but the prompt does not support it. Ask customer service to re-issue a bank account, such as an American Community Federal Savings Bank card, and we can withdraw money smoothly.

At this point, the logic is actually very simple.It is nothing more than trying every possible means to find a U.S. bank card. Then the platform that can provide U.S. bank cards is not only Payoneer, but also Wanlihui. You can try it yourself.

(4) Withdraw money to personal local bank account

Due to foreign exchange controls, there is a limit of US$50,000 on individual foreign exchange settlement.You can ask relatives to pick it up, and each person can pay 50,000 yuan.

In some areas, such as Yiwu Chouzhou Bank, there are no restrictions on foreign exchange settlement.

  1. Yiwu is China's only financial pilot city for comprehensive international trade reform (this system was in place at the end of 2013). It implements the pilot reform of foreign exchange management for personal trade, explores the facilitation mechanism for cross-border e-commerce settlement, deepens the pilot of personal cross-border RMB, and promotes offshore business. Develop and accelerate the innovation of trade financing products, cultivate supply chain financial service platforms, accelerate the gathering of various financial institutions, and actively explore the construction of a trade credit system.

  2. Most enterprises, individuals, SOHO or cross-border e-commerce companies engaged in international trade have registeredOffshore Company, effectively circumventing national foreign exchange controls and facilitating the acceptance of foreign currency payments. However, due to the restriction on the personal foreign exchange settlement limit of US$50,000 (many people use underground banks, which is a huge risk), it is difficult to settle a large amount of funds deposited in offshore accounts and transfer them to domestic accounts. This is a headache for many customers.registerYiwu individual industrial and commercial households, which can effectively solve the problem of large-amount foreign exchange settlement in offshore accounts.

  3. Yiwu is a global small commodity market. Therefore, in order to meet the trade finance of many local small, medium and micro enterprises, innovative reforms have been carried out on the financial settlement of individual industrial and commercial households and small and medium-sized enterprises, and a certain amount of foreign currency settlement can be carried out every year.(Currently, a maximum of 1,000,000 U.S. dollars can be settled in a year)

  4. The condition for opening a self-employed business in Yiwu is that you need to first register for a Yiwu self-employed license.The self-employed business license is issued by the Industrial and Commercial Bureau. After the license is issued, you can make an appointment to open a bank account. There is no risk in the foreign exchange settlement operation, and the formal foreign exchange settlement is done through the bank.So no need to worry.

  5. Yiwu self-employed individuals are special accounts that can receive public funds and personal transfers.

  6. Self-employed individuals in Yiwu can bind PayPal to withdraw cash, and after binding, the platform's stipulated handling fee of US$35 will be reduced to US$5 per transaction.eBay, Amazon, and AliExpress can also perform binding operations.

  7. Self-employed individuals in Yiwu do not pay taxes or refunds; they do not operate on-site in Yiwu; they are private accounts and are not registered with the Industrial and Commercial Bureau, so they do not need to file accounts and file taxes.

  8. Registration: First, you need to register a Yiwu self-employed license. The license requires a local address in Yiwu. After the license is registered, connect with the bank and open an account.You can also conduct interviews in nearby cities (Guangzhou, Shanghai, Hangzhou, Fuzhou, Chengdu, Ningbo, Wenzhou).The whole process takes about 7 working days.

(5) Cash withdrawal from offshore account

The taxes in the United States and Germany are too high, so it is common to open offshore accounts in Hong Kong (China Merchants Bank, Communications, Shanghai Pudong Development Bank, and Guangdong Development Bank can all open them).

4.5. Summary of PayPal’s advantages and disadvantages

  • As a PayPal user, you should always remember that PayPal tends to protect the interests of buyers.Buyers can cite countless reasons to get back the money they previously paid you, with the most commonly used reason being 'unauthorized payment.'

  • In the principle of safety, always remember that the money in your PayPal account may not really be your money.PayPal is regulated by U.S. law and accepts freezing orders from U.S. courts.

  • Protect your PayPal account password.Don’t click on suspicious emails easily.Scammers are used to sending emails pretending to be official PayPal, and creating fake official PayPal websites to steal user accounts and passwords.

  • Don't go to Taobao or the Internet to find someone to exchange the US dollars in PayPal. This kind of deception is a high probability event. If you go away, you will never come back.

  • Try to avoid using PayPal for large payments. Once a dispute occurs, the losses will be very heavy.

  • Keep necessary purchase records, transaction documents, and logistics and shipping invoice information. When transactions grow too fast, they may be regarded as suspicious transactions, and withdrawals may be temporarily restricted, and various evidences may be submitted to verify authenticity.

  • Joint and several liability for infringement, that is to say, if someone sues you for infringement, your PayPal account will be jointly and severally frozen, and even the balance in your PayPal account will be forcibly transferred away.Avoid carrying a large balance in your PayPal account.

  • PayPal has established a wholly-owned subsidiary in China, which is a wholly foreign-owned enterprise, but its business scope does not involve finance or payment-related fields.Therefore, when litigation occurs, domestic companies generally do not become the subject of litigation. To a certain extent, this practice avoids the supervision of Chinese law.This is why there are so many disputes and complaints from domestic users, and neither the consumer associations nor the competent authorities can provide effective support. There is nothing they can do to help. At most, they can only negotiate with PayPal in a negotiation tone.

4.6.Under what circumstances will a PayPal account be frozen?

1. A large amount of cash flow in a short period of time.For example, a new account can be collected in one night$1,000 was frozen in the morning.

2. Withdraw immediately after receiving the money.This is the most taboo. If you think about this problem with normal thinking, you want to run away after receiving the money. If you don't freeze, who will you freeze?

3. When withdrawing, there will be no money left.This is also unsafe. If a buyer complains, there will be no money.Refund, then it is also a frozen object.Therefore, it is recommended that you have 3,000, withdraw 2,500, and keep 500 as backup.In this case, the account that is frozen will generally require the buyer to provide inventory certificates of the goods purchased in the previous month., so you can withdraw all your money if you want, the accountIt is relatively safe to withdraw money without paying for one month.

4. Multiple complaints in a short period of time.The account being complained about isopen issue status, if the business isIf the single amount is relatively small, it is still recommended that you refund directly., A good man never suffers immediate losses,After the refund, the complaint is canceled and the account status is no longer open issue.If you lose, just lose. It's important to keep your account, keep the green hills, and don't worry about running out of firewood.But if the single amount is large, then you have to weigh it yourself.Don’t be afraid if you encounter scammers or unreasonable customers.If PayPal submits relevant delivery certificates, it will still win the case, but the probability is uncertain.

5. Help others transfer money, or transfer money from different accounts.Helping others transfer money means that other people's money is transferred to your account and withdrawn through your channels.This is very unsafe and will become a piece once frozen.Transfer money from your own account. If it is a senior account and a personal account with the same name, it is no problem. If it is a transfer with different names,, it is very dangerous to transfer money without actual transaction.Its properties are the same as the former.

6. Issues with multiple accounts and linked accounts.The associated account isPayPal’s system makes judgments, but when it comes to actual freezing, it is still manually judged.The way the system determines the correlation is at least3 types:1. Different accounts logged in from the same computer; 2. Different accounts logged in from the same IP; 3. Different accounts that have received money from the same eBay seller ID.Linked accounts can track which accounts belong to the same seller, so why do many people open new accounts after their accounts have been frozen, and then freeze them again before using them.So everyone should avoid this problem when logging in.

7. Name of sensitive goods.There are a lot of brand-related words in the names of the products paid by PayPal, such as LV, Nike, and Gucci. They are also sold very cheaply, and a discerning eye can see that they are fakes.So it’s better to avoid it.

4.7.How to avoid freezing

1. Immediately after completing the certification, apply to increase the salary to US$10,000/month.This certification is not entirely for improving$10,000limit, but to prevent the withdrawal from being frozen. Many new accounts will be blocked for the first time.It will be frozen when you withdraw. PayPal also protects your funds, so after you submit the relevant information, PayPal will not freeze you casually when you withdraw.

2. After each transaction is completed and shipped,Enter the tracking number into PayPal.When PayPal frequently collects payments from your account, and your goods are checked online and all buyers have signed for them, PayPal will not freeze you easily.

3. Try not to open a new account when your account is frozen.PayPal freezes your account when it is very active, and because of business needs, you have no choice but to open a new account. It is recommended that you send a fax to solve the problem first. By then, you will have opened a bunch of accounts with different names. Associated.The end result is being parted by PayPal.

4.8.How to defrost

1. Commonly required materials:

Valid bill:To prove your address, you can generally use your credit card billing address, water, electricity, gas, and mobile phone billing address. The name must be exactly the same as the registered one.

Passport or driving license:Used to prove your identity

Proof of sufficient inventory:To prove that you have enough goods to ship, you generally need a contract or invoice with the quantity of goods filled in.PayPal only requires the quantity of goods collected one month before the freezing date.

Supplier information(Telephone Address (email, fax): You can have a commercial invoice with this information attached, or a contract.


5.1. About Stripe

Stripe was founded in 2010 by Patrick Collison and his brother John Collison from Ireland and is headquartered in San Francisco.Stripe focuses onOnline payment, provides online payment services for small and medium-sized enterprises and individuals, and makes money by charging rates and handling fees (Stripe in the United States charges a 2.9% rate + 30 cents flat handling fee for each transaction).

Stripe payment methodsThere is no need to register and use other accounts, only a credit card is needed to complete the transaction.Customers enter their email and credit card account number when using it for the first time, and then they do not need to fill in the information and pay directly, which greatly reduces the chance of consumers abandoning their shopping carts.Last year, half of Americans' online purchases were made through Stripe without their knowledge. Consumers only entered their credit card information when paying, and they didn't even know who was processing the payment after completing the transaction.Stripe won't disclose the number of transactions it processes, but analysts estimate it processes close to $50 billion in commerce transactions annually, giving Stripe about $1.5 billion in revenue.

Stripe is also extremely strict in reviewing transactions to protect losses caused by various compensation due to illegal transactions. When using Stripe to collect payments, transactions may be declined.Although Stripe claims that this approach is to prevent fraudulent transactions, in fact, this strict transaction review prevents many legitimate and normal transactions.

5.2. Stripe registration

Affected by foreign control policies, Stripe has not legally obtained the qualifications to conduct cross-border payment-related business in mainland China.Therefore, companies and individuals from mainland China will not be able to directly register and use Stripe's credit card collection services, but they can register a Hong Kong Stripe account.

In the early years, mainland Chinese sellers could directly apply to Stripe online through a virtual U.S. bank account issued by Payoneer. However, due to tax compliance issues, Stripe was connected to the IRS system, which required verification of U.S. identity information and tax identification number or SSN. Security number, using a US bank account number issued by Payoneer to apply for the US version of Stripe is no longer valid.After that, the independent website seller tried to register a US company and applied for an EIN federal employer identification number to complete the tax identity verification in the Stripe backend.Stripe is also constantly updating and adjusting policies and constantly improving compliance requirements. One-person companies also require SSN or ITIN tax identity verification.

Obviously, for mainland Chinese users, it is already difficult to register the US version of Stripe, and strict tax audit conditions restrict registration.

but, Applying for the Hong Kong version of Stripe through a Hong Kong bank account has become a relatively low-threshold way to register for Stripe. .If you have a Hong Kong bank account, then register the Hong Kong versionStripeIt's not that difficult.Although rates in Hong Kong are as high as3.4%, plus various currency conversion fees, the overall cost may be as high as5%Or so, but as an early cross-border independent website seller, this method is still a feasible alternative.

Apply Stripe When applying for a Hong Kong company, it is not necessary for you to choose a Hong Kong company. Individual Personal account opening option.However, opening an account with a company will be more stable and protected.

Register to use Hong Kong Stripe Necessary conditions given:

1, Hong Kong bank account
2, Hong Kong phone number

3, Hong Kong address (can be a rented virtual office address)

For most mainland Chinese users, applying for a Hong Kong bank account is somewhat difficult.According to existing policies, when most Hong Kong banks open a Hong Kong account for mainland Chinese users, they usually require the person to visit a Hong Kong bank branch in person, provide a Hong Kong and Macao pass and address proof, and deposit at least the equivalent of 100,000 RMB.If it is not convenient to go to Hong Kong to open a Hong Kong account, you can also witness account opening at some local banks, but the capital requirements and appointment time are usually longer.

Taking China Merchants Bank as an example, applications for China Merchants Bank Hong Kong Card can be submitted in the mainland or in Hong Kong.The difference is that if you submit an application at a mainland outlet, you need to hold a China Merchants Bank debit card for more than 3 months and have an average daily asset of more than 5 million; if you submit an application in Hong Kong, there is no asset limit.


Where there is demand, there is a market, and there are many service providers on the market that are agents for opening accounts in Hong Kong. Agents charge fees ranging from 3,000 to 5,000 for account opening.However, money security is no small matter, and in principle, it is not recommended to obtain a Hong Kong bank account through this method.
Here is a shortcut for reference: If you have registered a Payoneer account, whether it is a personal or corporate Payoneer account, as long as you have a complete independent station and successfully collect more than 30,000 US dollars, you can apply for a free account from Payoneer by Hong Kong DBS A Hong Kong bank account issued by a bank. You can use this Hong Kong account to open the Hong Kong version of Stripe.
In addition to a Hong Kong bank account, registering for Stripe also requires a Hong Kong phone number. The solution is to buy a Hong Kong phone card on Taobao and mail it over. There will be a waiting time for the mail.

5.3.Stripe Acquiring
Stripe charges transaction fees and processing fees on every transaction, with no setup fees, monthly fees, or other hidden fees.Only when other currencies are collected, there will be a 1% currency conversion fee, and there is no withdrawal fee.

Of course, depending on the country/region you choose to register with Stripe, the charging standards will also be slightly different.For example, Stripe registered in Germany and the United Kingdom only charges 1.4% for credit card payments issued in Europe, and 2.9% for cards outside Europe. Stripe registered in Hong Kong, China, charges a flat 3.4%, plus a handling fee of HKD 2.35 per transaction.

Stripe German version: 1.4% for European cards (2.9% for non-European cards) + 0.25 Euro handling fee per transaction, transferred to a Euro account within 7 days.

5.4.Stripe rates and withdrawals
Stripe adopts a fixed rate + floating rate charging method. Stripe charges all customers with an annual transaction volume of less than 1 million US dollars a basic charging model of 2.9% + 0.3 USD per transaction (Hong Kong is 3.4% + HK$2.35, and Japan is 3.6 % or some differences), which is simpler and easier to understand than Paypal's charging structure. Paypal's charging structure is based on the different services provided and is more complicated.It takes a long time to withdraw money to a Hong Kong account, which takes 7 days. This is also where many users are dissatisfied with Stripe.
When a customer pays through Stripe, the money is transferred to the seller's Stripe account.To withdraw money to a bank account, you can set up automatic withdrawals and manual withdrawals.

a. Automatic withdrawal
In Stripe, the default setting is a pre-generated spending plan based on the user's geographical location and industry. Under normal circumstances, it takes 7 days for funds to arrive.

b. Manual withdrawal
If you want to manually withdraw funds from your Stripe account, you can turn off automatic payments through your Stripe controls page.

5.5.Summary of Advantages and Disadvantages of Stripe


5.6.Stripe FAQ

What is the difference between Stripe and Paypal?

PayPal and Stripe are both commonly used payment tools in cross-border transactions.Paypla provides online and offline transfer and collection methods, which are similar to our domestic Alipay functions.Stripe is a professional payment processor that can handle major international debit or credit cards such as Visa, Master Card, America Express, JCB, etc.


When using Paypal to pay, you need to jump from the order interface to the Paypal website to complete the transaction, which is not a perfect consumption experience for customers.As we all know, every time a website jumps, there will be a certain risk of user loss.

Stripe's processing interface is relatively simple. Consumers can complete the purchase after entering their credit card information on the website without jumping to a third-party interface.But Stripe's integration setup is far from as simple and easy as Paypal's.Paypal supports most CRMs through integration, so we only need to move our fingers to activate Paypal connection.Stripe is relatively cumbersome, and you need to provide corresponding information to apply for activation.

Stripe fee structure

It's free to register and activate Stripe (you need to pay extra for opening a Hong Kong company or a US company, or finding someone to apply, etc.).

Stripe’s fees consist of two parts: transaction fees and exchange fees

Each transaction requires a fee of 2.9% + 0.3 US dollars. If you want to charge other currencies, an additional 1% exchange fee will be charged.

There is a $15 refusal fee.

Can one Stripe account be bound to multiple independent sites for payment collection?

Can't!Stripe officials have clear instructions. If you have multiple independent sites that require credit card collection services, you need to apply for multiple Stripe collection accounts and then bind them one-to-one for collection. It is not recommended to use one Stripe collection account for collection. Credit card payments for multiple independent sites.

6.Payoneer (payee)

6.1.Introduction to Payoneer

Payoneer, whose Chinese name is 'Payoneer' and is often called P Card, is a professional financial institution focusing on the issuance of platform funds.Founded in Israel in 2005 by Yuval Tal and Yaniv Chechik.

Payoneer is headquartered in New York, USA. It holds an MSB (Money Service Business) license issued by FinCEN (U.S. Financial Crimes Enforcement Agency) and a European E-money license. It is a financial institution with a foreign exchange settlement license from the State Administration of Foreign Exchange for foreign exchange settlement. Also unrestricted.As of 2019, the company has a market value of more than US$1 billion, has 1,395 employees, 600 of whom are in Tel Aviv, Israel, and serves customers in more than 200 countries in 14 offices around the world.

6.2.Payoneer payment collection

6.2.1. Platform payment

Affiliate advertising alliance collection business was once the core business of Payoneer in its early days, and was used to collect promotional commission income from companies such as and course, the core business has already been replaced by cross-border e-commerce platform payment collection.Payoneer is widely used to collect payments on cross-border e-commerce platforms, such as Amazon, Rakuten, Walmart, and, and is also used to collect payments for freelance services and creations, such as Fiverr and ENVATO.

Payoneer takes cross-border e-commerce platform payment as its core business and vigorously promotes it in China.In fact, Payoneer’s cross-border e-commerce payment collection volume is much higher than the total collection volume of all other businesses.

According to data from January 2020, on Amazon's US site, top Chinese sellers accounted for 49%, while top sellers in the United States accounted for 47%.Among them, a large number of Chinese sellers use Payoneer to collect payments.

6.2.2 Independent station payment collection

Many Chinese independent website sellers use PayPal and Stripe to collect credit card payments from independent website customers, but withdrawing funds into the country is not smooth due to the threshold and domestic regulatory policies.

In order to solve the problem of funds flowing back to China after credit card collection, sellers have tried various methods.Some register U.S. companies and apply for Stripe for a U.S. federal tax ID; some open Hong Kong bank accounts, but the cost continues to be high.

Although Payoneer is not a direct payment method for cross-border e-commerce independent stations, and cannot directly provide credit card payment services to independent stations, using Payoneer can complete PayPal withdrawals and transfer RMB into the country without the restriction of domestic personal foreign exchange settlement of US$50,000. Domestic bank account number.

Why can I personally withdraw more than $50,000 through Payoneer?It's actually very simple. Payoneer actually uses a company with a legal RMB exchange settlement license in China to first settle the received U.S. dollars into RMB, and then transfer the money to your RMB account, which means it has nothing to do with your exchange settlement limit.

Payoneer can also issue users a Hong Kong bank account number from DBS Bank of Hong Kong for free, which can be used to apply for a Stripe Hong Kong account.As mentioned earlier, Payoneer plays a special role in collecting payments on independent stations. It cannot directly collect credit card payments on independent stations, but it can solve the problem of handling payment tools and transferring money into China after receiving it.

Register for a Payoneer account and you will get a US bank account, a German bank account and a UK bank account by default. US dollar, euro and pound collection accounts are issued by default.Using these accounts, you can successfully receive payments from cross-border e-commerce platforms, Stripe, PayPal, and Affiliate and Freelancer platforms.

For example, if you use a U.S. bank account issued by Payoneer and bind it to the PayPal of a Chinese company, you can withdraw the U.S. dollars in your PayPal account directly to Payoneer, and then pay a handling fee of about 1%, and deposit it in RMB to a domestic company or individual. Bank Account.

Or, use Payoneer to issue a Hong Kong DBS Bank account and open a Hong Kong version of Stripe account to solve the problem of mainland Chinese companies or individuals being unable to open Stripe.

6.3. Summary of advantages and disadvantages of Payoneer


l Able to bind PayPal account for cash withdrawal, and transfer PayPal balance back to domestic bank account in RMB

l Can issue bank accounts in the United States, the United Kingdom, Germany, Japan, Australia, and Singapore, among which bank accounts in Hong Kong, China can be used to apply for the Hong Kong version of Stripe

l MasterCard physical cards can be issued (you need to pay an annual fee of US$29.95, but you can apply for exemption from this fee in some cases), which can be used for cash withdrawals at domestic ATM machines and card swiping at POS machines.

l It’s free to pay from one Payoneer account to another. If your customers or service providers also use Payoneer, this can save you money.

l The fastest time for withdrawing money to a local bank is 2 hours

l No account setup fees or monthly account fees

l Supports US dollars, pounds, euros, Japanese yen, Australian dollars, Hong Kong dollars, Japanese yen, Singapore dollars, Mexican pesos, etc.


Frankly speaking, Payoneer rates are a little confusing.Try looking for some clues about rates on Payoneer’s official website, but you may not find any information about rates.The reason is also very simple. Payoneer’s direct customer rates are generally higher than most domestic collection companies.Since it is a shortcoming, it must be hidden.

When a new user of Payoneer registers, the rate of 1.2% will be applied directly.However, if you are an old Payoneer customer and do not apply to customer service for a rate reduction, your rate will still be based on the previous 3% standard.

Payoneer's high rates do not seem to be the highlight of Payoneer's advantages. No company is willing to put its disadvantages on the homepage of its official website for publicity. It is not surprising that this information cannot be found.

Of course, if your collection volume is large enough, you can also apply to Payoneer to lower this rate. As for how much it can be reduced to, 1%?0.6%?It depends on the amount of your payment.At this point, it seems that small and medium-sized sellers have little chance of getting discounts on rates.Fortunately, Payoneer still has its own unique features in many places.

6.4.Payoneer value-added services

Most people in China only use Payoneer for cross-border e-commerce platform collection, but ignore many of Payoneer's value-added service functions.For example, Payoneer's MasterCard physical card is used to apply for Stripe, Payoneer is used to withdraw cash from PayPal, Payoneer is used to apply for Google Cloud, Payoneer is used to open an App Store account in the United States, etc.

Apply for a Stripe account with a Paynoneer German bank account:


According to user feedback, due to the proliferation of fake German phone numbers and German address certificates, Stripe has begun to perform KYC compliance operations, and this method has become invalid.It is strongly recommended to apply for Stripe in a compliant manner.

When using a Payoneer account to pay European VAT, payment service providers, third-party suppliers, etc., if the balance of a certain currency is insufficient, you can use other currencies for conversion.Payoneer currency conversion fee is 0.5%.




It supports more than 240 overseas local payment methods around the world, covering Southeast Asia, Latin America, Europe, and Russia. Overseas users can choose to pay by domestic e-wallet, online bank transfer, prepaid card, mobile payment, etc.

8. Qian Hai



Account opening fee is 5,000 yuan, annual fee is 5,000 yuan (negotiable), transaction fee is 3-3.5%+0.3$

The loan can only be released after the logistics is in place, and the deposit will be deposited within 180 days (proportional)



[Note: The following is for reference only. The actual payment side will provide specific plans according to the customer's situation]



Implementation standards for chargeback fees:

Chargeback assessment level

Assessment standards (proportion of refusals and number of refusals)

Level 0 (PacyPay warning)

0.50% and 50 chargebacks

Level 1 (early warning)

0.65% and 75 chargebacks

Level 2 (exceeding the standard)

0.9% and 100 chargebacks

Level 3 (seriously exceeding the standard)

1.5% and 100 chargebacks

Level 4 (high risk)

1.8% and 500 chargebacks

Revolving security deposit: 180 days

10. Tonglian payment


11.Payssion (global local payment integration)


12.WorldFirst (payee)

12.1 Introduction to WorldFirst

WorldFirst was founded in London, UK in 2004.The main business is divided into three parts: international remittance, foreign exchange options trading, and international e-commerce platform payment and foreign exchange settlement.WF entered China in 2010, providing international e-commerce platform payment and foreign exchange settlement services, and providing e-commerce sellers with U.S. dollar, euro, pound, Japanese yen, Canadian dollar and Australian dollar collection services.WorldFirst currently has more than 20,000 Chinese cross-border e-commerce sellers using World First's services. It has more than 100,000 active customers around the world, and its annual transaction flow exceeds US$1 billion.

Opening a WF card account is relatively simple, and it is divided into personal accounts and company accounts.It supports opening accounts in 7 currencies including British Pound, Euro, US Dollar, Canadian Dollar, Australian Dollar, New Zealand Dollar and Japanese Yen.Like Payoneer, it cannot directly provide credit card collection services to independent sites, but it can be bound to PayPal and Stripe for collection.

12.2WorldFirst Collection

Cross-border e-commerce B2C rates:


Foreign trade B2B rates:


13. Worldpay

Mainly accept large customers with monthly sales of US$1 million.

14.Pingpong (receipt + receipt)

Collection: 1% withdrawal fee, both personal/business accounts are acceptable;

Acquiring (opened 2 years ago): A corporate account is required, the account opening fee is 5,000 yuan in the first year, the annual fee is 1,000 yuan, and the transaction fee is 3-3.4% + 0.3$;

15.LianLian (receipt + receipt)

Collection: 0.7% withdrawal fee, different on different platforms;




16.Ipaylinks (receipt + receipt)

Collection: 0.3% cap, different on different platforms;

Acquiring: Independent station for 6 months, a business account is required, 500$ account opening fee, 300$ annual fee, transaction fee 3-3.3%


cash on delivery

18.Global local payment

18.1. Europe

The development of electronic wallets, prepaid cards, and online banking transfers in Europe are relatively mature. PayPal and Skrill (Moneybook) are generally used for electronic wallets. In addition, Sofort online banking transfer is the most used by e-commerce companies, which can cover Germany, Austria, Belgium, the United Kingdom, and France. It is widely used in many other countries; the Netherlands has its own wallet iDEAL, which covers most Dutch banks.In addition: Trustpay (Central/Eastern Europe), Giropay (Germany), Teleingreso (Spain);


Qiwi, Yandex.Money, and WebMoney are the largest e-wallets in Russia, and they can all be recharged through bank transfers or offline terminals (similar to bank ATMs);

18.3. Oceania (Australia and New Zealand)

POLi, eWAY, Paymate, Przelewy24 (Poland), iDEAL (Netherlands), EPS (Austria)

18.4.Middle East

There are also electronic wallets CashU and Onecard in the Middle East, which can be recharged through online banking or offline purchase of recharge cards, but transfers between wallets are not possible.

18.5.Southeast Asia

MOLPay and Singapore prefer to use eNETS online banking transfers. Malaysia generally uses Mayban2u, CIMB and other banks to transfer funds. Thailand uses Tulemoney. Credit card coverage in other Southeast Asian countries such as Vietnam and Indonesia is relatively low, so it is difficult to use online banking transfers or ATM machines to pay. There are many, and Malaysia now also supports Alipay recharge.

18.6. Brazil


18.7. Hong Kong, Macao, Taiwan, Japan and South Korea

People in Taiwan like to use Mycard and Gash wallets. They are also game point cards and are very convenient for offline purchases. The most commonly used card in Hong Kong is probably the Octopus. It is easy to buy offline and can be purchased by bus, taxi or supermarket. In Japan, it is generally used for shopping. JCB credit card and recharge card payment; Webmoney, BitCash, and Netcash are one of the most popular electronic currencies in Japan. Almost all online games and some video/shopping websites can use it to recharge and shop.Japanese consumers mostly use convenience stores and credit cards to pay. For convenience stores, you can use PayPal. For credit cards, you can choose third-party payment institutions such as Stripe, AsiaBill, and Qianhai. They all cooperate with the Japanese card organization JCB and integrate Japanese local payments. (like Konbini Payeasy, both of which also pay at convenience stores).

In the 1980s, Japanese people became accustomed to going to convenience stores to pay their daily electricity and water bills instead of going to bank counters or paying online. This habit has been continued to this day.Even when shopping online, Japanese people like to pay in cash at convenience stores.Japanese people usually place an order after selecting products online, generate a barcode online, and then go to the nearest convenience store to pay for the order with cash/scan the QR code. This payment method is called 'convenience store payment.'

The Korean market is relatively closed, and credit cards or bank transfers are generally used.


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