What are the main cross-border payment institutions?

If domestic merchants want to do cross-border business, they need to know what cross-border payment platforms are available. Because opening a store on any platform involves the issue of payment. So, what are the main cross-border payment institutions?

1. Wanlihui

WorldFirst aims to work with domestic licensed institutions to provide faster, more convenient, safer and more affordable cross-border payment services to cross-border e-commerce sellers and small and medium-sized enterprises. Since its establishment in 2004, WorldFirst has been setting new benchmarks in the cross-border payment market and has processed more than 70 billion pounds of fund transactions for 500,000 customers worldwide.

2. SkyNet

Airwallex is a fintech company dedicated to building a global cross-border payment integrated platform, with business scope including collection, payment and multi-currency exchange in cross-border transactions. With the support of well-known investors such as Tencent, Sequoia China, MasterCard, Hillhouse Capital, Square Peg Capital, Horizons Ventures, etc., Airwallex will continue to expand its global business.

Currently, Airwallex supports payment collection on most cross-border trading platforms, such as Amazon, eBay, and Shopify. It can now support transactions in more than 130 countries and regions and more than 50 currencies, helping Chinese sellers to quickly expand overseas.

3. Lianlian Payment

LianLian Cross-border Payment is committed to creating a "simpler cross-border payment" business. With strong compliance and security capabilities and an efficient and flexible global payment network, it currently supports dozens of e-commerce platforms around the world, covering more than 100 countries and regions around the world, and has become a one-stop cross-border payment platform trusted by more than 600,000 cross-border e-commerce sellers.

4. PayPal

PayPal is an Internet third-party payment service provider headquartered in San Jose, California, USA, which allows funds to be transferred between users who use email to identify themselves, avoiding the traditional method of mailing checks or remittances. PayPal also cooperates with some e-commerce websites and becomes one of their payment methods.

5. Payoneer

Payoneer is the best choice for cross-border e-commerce companies to easily collect payments from overseas! The 13-year refined risk control system ensures the safety and compliance of overseas payments, and the methods of fund withdrawal are flexible and diverse, including cash withdrawal, payment service providers, VAT, etc. It connects platforms, service providers and suppliers in series to solve the full chain payment of cross-border e-commerce in one stop.

To sum up, the main cross-border payment institutions are China UnionPay, AirPix, LianLian Pay, PayPal and Payoneer.