What are the international payment methods? Introduction to eight common international payment methods

To do cross-border e-commerce business, you need to know the payment methods supported by major cross-border e-commerce platforms. After you have a payment account, the buyer's successful transaction funds can be transferred to your account. So what are the international payment methods?

Eight common foreign trade payment methods:

1. T/T: T/T is the most common payment method, and about 80% of companies use this method;

2. Paypal: Paypal has more than 100 million registered accounts worldwide and is the most effective payment method for cross-border transactions;

3. Western Union: Western Union has a history of 150 years and is used by most countries in the world;

4. Credit card: The issuing bank of a credit card will give the cardholder a corresponding credit limit. The cardholder can spend within the credit limit first and then repay the money;

5. LC: LC is a very complicated payment method. There are many design aspects, and mistakes will occur if you are a little careless.

6. Alipay Global: Alipay Global is the international version of Alipay. If domestic merchants already have a domestic Alipay account, they do not need to re-register an international Alipay account. Instead, they can directly log in to the Alibaba supplier backend, process the payment account, and then bind the domestic Alipay account.

7. Pingpong: Pingpong now supports many types of credit cards such as Visa and Mastercard to complete payment;

8. CyberSource: CyberSource is the world's first e-commerce payment processing company, and can accept multiple currencies around the world.

Generally speaking, there are eight international payment methods: T/T, Paypal, Western Union, credit card, LC, Alipay Global, Pingpong, and CyberSource.