Which cross-border third-party payment platform is the best? What are they?

As more and more merchants engage in cross-border business, cross-border payment platforms have become an object that many merchants need to understand. This article will tell you which cross-border third-party payment platform is the best?

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

1. Airwallex cross-border payment

Since its establishment, Airwallex has received over US$400 million in financing from investment institutions, including Tencent, Sequoia Capital China, DST Global, Hillhouse Capital, Horizons Ventures, ANZi Ventures, Square Peg Capital, Gobi Partners and Salesforce Ventures.

Withdrawal rate: 0 fee for the first year for a limited time

Applicable platforms: Amazon, AliExpress, eBay, Fnac, Wayfair, Cdiscount, Etsy, etc.

Withdrawal speed: Withdrawal time is as fast as 5 minutes

Supported currencies: Support mainstream currencies such as USD, GBP, EUR, JPY, AUD, etc.

2. Wanlihui Receipt

WorldFirst is a payment platform under Ant Group that specializes in serving sellers on global e-commerce platforms. It has 15 years of cross-border payment experience and supports dozens of platforms including Amazon and Paypal.

Withdrawal fee rate: 0.3% capped

Applicable platforms: Amazon, Lazada, AliExpress, eBay, Meikeduo, Wayfair, etc.

Applicable independent station: Shopify

Withdrawal speed: You can withdraw money to Alipay or bank card and the money will be transferred to your account instantly

Supported currencies: GBP, USD, CAD, JPY, EUR, NZD, SGD, AUD, HKD and offshore RMB

3. Payoneer cross-border payment platform

Payoneer was founded in 2005 and is headquartered in New York, USA. It is an institution authorized by the MasterCard organization to issue cards, providing simple, secure and fast transfer services to a wide range of alliances with a large number of payment populations.

Withdrawal rate: Limited time Amazon withdrawal 0 rate

Applicable platforms: Amazon, Shopee, Wish, eBay, Meikeduo, Wayfair, Allegro, Cdiscount, Walmart, etc.

Applicable independent station: Shopify

Withdrawal speed: Withdrawal to domestic banks only takes 1-2 working days

Supported currencies: Supports multiple currencies, including USD, GBP, EUR, JPY, CAD, AUD, and provides KYC documents

In general, cross-border third-party payment platforms have their own advantages and disadvantages, so it is impossible to judge which one is the best. Cross-border third-party payment platforms include Paypal, WorldFirst, Airwallex, Payoneer, etc.