It is correct to discuss the cross-border payment mode.

Cross-border payment methods are correct: including import purchase of foreign exchange, including export collection of foreign exchange.

Simply put, cross-border payment means that people in one country consume goods from another country, but when the service is going on, the money in hand is different. Therefore, it is necessary to convert the currency through some settlement tools or payment systems to ensure the smooth transaction. This is cross-border payment, which involves the flow of funds between countries.

Of course, sellers can choose the most suitable payment method according to the actual situation of their stores, and provide as many payment methods as possible, so that buyers will not return goods because of payment methods. UnionPay's Internet cross-border payment service fully integrates the resources of China UnionPay, domestic card-issuing banks and overseas mainstream bank card acquiring services.

It has the remarkable characteristics of global coverage of merchant resources, safe and convenient transaction payment and unified and standardized business processes, and is trusted by the majority of UnionPay cardholders. Through cooperation with overseas mainstream acquirers such as PayPal, Sumitomo Mitsui of Japan and Bank of East Asia of Hong Kong, the coverage of overseas online merchants accepting UnionPay cards at the beginning of 62 will become wider and wider, and the number will increase.

The visa verification service is the cardholder identity verification service. When conducting online transactions, the "Visa Verification" service will prompt cardholders to enter a preset personal identification password for identity authentication. Its simplicity ensures the authenticity of the cardholder's identity during online payment, thus further ensuring the payment security of online transactions.

There are four common modes of cross-border payment:

1. T/T: It is one of the traditional cross-border payment methods. It appeared earlier and was mainly used for transactions between multinational banks. Profits mainly depend on telegraph fees, handling fees and transit fees. However, the disadvantage of this payment method is that consumers need to pay first and then the seller delivers the goods, so the customer base is small.

2. International card organizations: Credit cards of several major international card organizations mainly use online Shanghai Amoy and offline POS machines to swipe their cards, and no password is required. This payment method mainly relies on the handling fee of credit card to make a profit. Moreover, according to different regions, credit card rates are also different. For example, the rate in Asia-Pacific is between 1.8%-2.5%, and that in China is between 2.8%-3%.

3. UnionPay: UnionPay is no stranger to everyone. It is the first third-party payment company in China to carry out cross-border payment business, and it also makes a profit by handling fees. The handling fee is about 1.5%-2%.

4. Third-party payment: This payment method appears relatively late, and compliant collection agencies must have a cross-border payment license issued by the state before they can carry out cross-border business. This method is mainly profitable through handling fees.