Comparison of common payment methods in foreign trade B2C

Let me roughly explain how foreign trade and cross-border e-commerce collect money at present:

1. The most primitive is bank remittance or wire transfer, etc., which has a long cycle, troublesome processing, low efficiency, and high cost in all aspects;

3. International credit card collection, common international cards are VISA, MASTERC, JCB, AE, DC, etc. The payment company obtains authorization from the banks, and then provides the collection channel to foreign trade merchants for use, so that foreign trade merchants can directly enter the relevant information of the international card on the webpage or APP to make easy payments, which is convenient and fast, with a good experience, which is conducive to secondary payment.

4. At present, global information is becoming more and more convenient, and the more used is to directly handle multi-currency accounts, operate remittances, exchanges, and transfers by themselves, and choose more banks in China: Standard Chartered Bank. Offshore Bank: CBI Bank of the United States.

Time cycle: Transnational is not like domestic second, generally about 3 working days.

The most common are these three ways:

Remittance: "Remittance" is also called "remittance" - a settlement method in which the payer (importer) delivers the payment to the payee (exporter) through a certain payment instrument through the bank. The payer transfers the money to the payer through the bank, and there are four parties:

Sender, beneficiary, remitting bank, remitting bank.

There are three ways to send money: wire transfer, mail transfer, and draft transfer.

Collection: Collection (entrusted collection) - a way for the exporter to entrust the bank of the importing country to collect the money on behalf of the exporter through the local bank.

Collection is a kind of commercial credit, and when the bank handles the collection business, it has no obligation to check whether the shipping documents are correct or complete, nor does it assume the responsibility that the payer must pay. There are four main parties involved in collection, namely the principal, the payer, the collecting bank and the collecting bank.

Similarly, collection can be divided into two ways: bare bill collection and documentary collection.

Letter of credit: Letter of credit is a written document issued by a bank that conditionally promises to pay, and letter of credit refers to a written document in which the bank (issuing bank) makes payment to a third party (beneficiary) or its designated party with the prescribed documents in accordance with the requirements and instructions of the applicant or on its own initiative, in accordance with the terms of the letter of credit.

In nature, credit marketing is changing to a certificate for settlement, first of all, a kind of bank credit, and the issuing bank uses its own credit as a payment guarantee. The issuing bank guarantees that the beneficiary will fulfill its payment obligations when the beneficiary submits the documents complying with the terms of the letter of credit within the time limit specified in the letter of credit. This is different from the commercial credit nature of remittance and collection settlement, so it is more secure than remittance, collection and settlement.

At present, global information is becoming more and more convenient, and more people use it to directly handle multi-currency accounts, and operate remittances, exchanges, and transfers by themselves, such as CBI Bank in the United States, Shenzhou Pay, etc.

1. PayPal and other e-wallet forms require both parties to have accounts.

Advantages: Online trading, convenient. Disadvantages: It is easy to freeze the account, and you need to collect money for withdrawals.

2.Credit card collection channel, visa mastercard and other international credit cards can be directly traded, advantages: convenient, safe, can protect the interests of both parties, in line with the trend of online consumption, the account will not be frozen, 24-hour customer service.

Disadvantages: You need to charge a fee to use it.

The following enthusiastic netizen is very good, and he knows more than me. But I think Alipay is the safest! The efficiency is also quite high. Quick money, Baipay, Tenpay and the like are not so widely used.

In fact, this varies from person to person, mainly depends on your business model and the size of the collection amount, if you receive small foreign currency, PayPal is undoubtedly your preferred payment method.

I also change my ID when I advertise. This advertorial is also too hard.