What are the characteristics of cross-border third-party payment platforms? Is it convenient?

Now everyone wants to do cross-border e-commerce, and many friends choose it. Then cross-border e-commerce everyone must choose a cross-border payment platform, because domestic payment platforms do not support cross-border shopping. What are the characteristics of cross-border third-party payment platforms?

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

(1)Easy to use

Third-party payment platforms have cooperative relationships with most banks and can meet consumers' needs for different bank card gateway entrances, avoiding the transfer trouble caused by the different banks where the two parties to the transaction open accounts, simplifying the online payment process, and optimizing people's online payment experience.

In addition, with the development and improvement of third-party payment platforms, buyers and sellers can open accounts on the platform more conveniently and quickly.

(2) Low cost

Third-party payment platforms are completely free for buyers, with no account registration fees or handling fees for goods payment, which is very attractive to buyers. For sellers, third-party payment platforms are also much cheaper than other online payment methods in terms of account opening fees, annual fees and transaction fees. This greatly reduces the cost expenditure of merchants, thereby attracting more merchants.

Take online payment by credit card as an example. Although different banks charge different fees for online payment channels, and most of them do not charge consumers payment fees, for merchants, these online payment channels charge fees that are much higher than those of third-party payment platforms such as PayPal and Alipay.

(3) Foreign exchange purchase agency

In cross-border e-commerce, the actual foreign exchange purchaser is the buyer. The third-party payment platform acts as a foreign exchange purchase intermediary, acting as an agent for the buyer to purchase foreign exchange, thereby simplifying the buyer's payment process and optimizing their cross-border e-commerce transaction experience.

(4) Value-added Services

With the technological innovation and upgrading and the increasingly mature platform operation, third-party payment platforms can also provide more and more value-added services to buyers and sellers: relevant software can be used to help merchants analyze transaction data and information more systematically and enhance their precision marketing capabilities; merchants can query transaction information in real time; and buyers can be provided with order tracking, timely refunds and stop payment services.

The characteristics of cross-border third-party payment platforms are actually very obvious. For such cross-border payment platforms, the arrival time is relatively longer. After all, it is more complicated than the domestic payment review process!

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