Which one has the lowest cross-border payment fee? Is it easy to use?

There are many people who shop online now. For example, e-commerce now returns to domestic e-commerce and cross-border e-commerce. For cross-border e-commerce, cross-border payment needs to be used. Cross-border payment has a fee rate. Which cross-border payment has a lower fee rate?

Which cross-border payment fee is lower?

1. Pingpong

PingPong cross-border payment fee rate 1%

2.Worldfirst

1) No annual fee and no withdrawal limit.

2) WorldFirst: 0 handling fee for USD deposits.

3) Withdrawal of RMB is capped at 0.3%, which is an ultra-low rate, far lower than the industry average rate of 1%. There are also exclusive discounts for major customers.

3.Current Direct

After the CD account is opened, there is no need to pay monthly or annual fees. The advantages of receiving payments in Europe are relatively large, and the exchange loss is about 1%-1.5%.

4. Bill.com

The general ACH processing time is 3-5 business days, and a fee of $0.49 is charged for each transaction; US or international paper checks take 5-21 business days and a fee of $1.49 is charged for each transaction.

5. Paypal

Standard handling fee: The handling fee for website, invoice, and email payment is 4.4% + 0.3 USD for monthly payment amount below 3,000 USD. The handling fee for eBay payment is 3.9% + 0.3 USD under the same conditions.

Preferential rates: 3.4% + 0.3 USD to 3.9% + 0.3 USD for payment through website, bills, and email; 2.9% + 0.3 USD to 3.4% + 0.3 USD for payment through eBay.

Payment from overseas relatives and friends: 0 handling fee

Currency Conversion: When you convert currency when you receive, withdraw money, or convert your balance, PayPal will charge a currency conversion fee, which is based on the wholesale exchange rate plus 2.5%.

6. Payoneer

1) Deposit: Payoneer charges a 1% fee for depositing in USD, and free of charge for deposits with a cumulative deposit of 200,000 USD. There is no fee for depositing in EUR and GBP, and deposits are free of charge.

2) Withdrawal: RMB settlement and foreign currency wire transfers are charged a 1%-2% handling fee, and the funds will be credited to your account within 1-2 days. The withdrawal fee for new users is 2%, which decreases as the accumulated amount of funds deposited increases, and can be reduced to a minimum of 1% (accumulated amount of USD 3 million).

7. Bank of America Card

The international transfer fee is US$45, with no exchange loss.

The above introduces several cross-border payment platforms that have relatively low fees, and many of them are even fee-free. However, given these advantages, there are actually some disadvantages. You can learn more about them before making a choice.

Recommended reading:

How has cross-border e-commerce developed? What are its prospects?

What are the cross-border e-commerce settlement methods? What are the advantages and disadvantages?

What are the independent cross-border e-commerce sites? Introduction to the four major sites