What are the cross-border payment platforms? What are their advantages?

Now when doing cross-border e-commerce, everyone needs to understand the cross-border payment platform. Cross-border e-commerce is still very different. It is not like domestic payment with Alipay and WeChat. So what are the cross-border payment platforms?

What are the cross-border payment platforms?

1. WorldFirst Wanlihui

World First, or WF Card for short, is a top foreign exchange financial company established in the UK in 2004. WorldFirst is a leading international payment company in the industry, strictly abides by local laws and regulations, has licenses in the United States, the United Kingdom, Europe, Australia, Hong Kong and Singapore, and is regulated by local laws and regulations. World First cooperates with the world's top banks, is safe and efficient, and has relatively low fees.

2. Paypal

PayPal is a global payment pioneer, especially in North America, where it has a monopoly dominance. PayPal supports 194 countries and has nearly 200 million active users worldwide. The above data alone is enough to show PayPal's influence and coverage. At the same time, PayPal is backed by the global e-commerce giant eBay. As a global e-commerce giant, eBay brings it immeasurable transaction traffic.

3. Payoneer

Payoneer, or P card for short, is a cross-border funds distribution company established in the United States in 2005. It is currently the only officially recommended payment method for Amazon, providing global payment solutions and receiving US B2B funds like US companies. Currently, there are more than 100,000 Chinese e-commerce sellers using Payoneer and more than 4 million users worldwide. In addition to e-commerce platform payments, its business also includes funds distribution for overseas Internet companies.

4. Airwallex

Airwallex is a cross-border transaction platform jointly invested by Tencent, MasterCard, and Sequoia China. The company is committed to building global cross-border payment integration, and its business covers cross-border collection, payment, and exchange of multiple currencies in cross-border transactions. Airwallex is developing rapidly, and its products have been applied in cross-border e-commerce, cross-border OTA, cross-border logistics, online education, and overseas study payment. Airwallex's products can help small and medium-sized enterprises obtain faster and more cost-effective payment experience, and help platforms with cross-border business such as JD.com to better serve merchants.

The above are the well-known cross-border payment platforms and cross-border third-party payment methods currently available abroad. I believe that everyone should have some understanding of cross-border payment. Different cross-border payment platforms have their own advantages and disadvantages, and everyone has to choose for themselves.

Recommended reading:

What are the cross-border e-commerce promotion channels? How to promote?

How can individuals engage in cross-border e-commerce? What are the methods?

How do cross-border e-commerce entrepreneurs cope with difficulties? What are the difficulties?