Payment method of foreign trade e-commerce

Payment methods of foreign trade e-commerce include:

1、PayPal

The payment of foreign trade e-commerce is usually made by PayPal. PayPal (PayPal in Chinese mainland), 1998 12 was established by peter thiel and Max Levchin. Is an Internet service provider, headquartered in San Jose, California, USA, which allows the transfer of funds between users who use e-mail to identify themselves, avoiding the traditional methods of mailing checks or remittances. PayPal also cooperates with some e-commerce websites to become one of their payment methods; However, when transferring money through this payment method, PayPal charges a certain handling fee.

PayPal payment is simple. Compared with the previous Western Union, it is more fair and reasonable to buy and sell doubles. Foreigners can pay directly on the website or transfer money directly to your PayPal account, which is convenient and quick, saves the trouble of setting up remittance procedures at designated banks, and is more in line with foreigners' online shopping methods.

2. Western Union

Western Union is the world's leading express remittance company with a history of 150 years. It has the largest and most advanced electronic remittance financial network in the world, with service outlets in nearly 200 countries and regions around the world.

Disadvantages: paying first and then shipping, foreigners are easy to distrust; Small customer groups limit the trading volume of merchants; If the amount is relatively large, the handling fee is high.

3. telegraphic transfer

T/T is a remittance method in which the remitter pays a fixed amount of domestic currency to a domestic foreign exchange bank in exchange for a fixed amount of foreign exchange, and the name and address of the payee are indicated, and then the undertaking bank (remitting bank) sends a telegram with charges to a branch or correspondent bank (remitting bank) in another country, instructing the remitter to pay the payee. T/T has the advantages of fast transmission speed, high accuracy and convenient collection of foreign exchange. Its most notable feature is fast and safe, and it is suitable for projects with large remittance amount and urgent remittance, but the bank procedures are relatively expensive.

4. Letter of Credit (L/C for short)

The mode of payment by letter of credit is gradually formed with the development of international trade and the participation of banks in international trade settlement. As the payment of the payment is conditional on obtaining the shipping documents that meet the requirements of the letter of credit, the risk of prepaying the payment is avoided, so the payment method of the letter of credit solves the contradiction between the importer and the exporter in terms of payment and delivery to a great extent. It has become a major payment method in international trade.

5. Credit card

VISA/MASTER Credit Card: It is the two international credit cards with the largest number of users in the world. Online payment is safe, fast and convenient.

6. Qian Qian

Western Union and MoneyGram are the two fastest remittance methods in the world. You can get cash in a few minutes, which is very simple. However, because the funds arrive in an instant, the security is not enough. If the seller cheats, the buyer will suffer heavy losses, and foreigners will not recognize this way.

Tips: The above contents are for reference only.

Reply time: 2022-01-1. Please refer to the latest business changes announced by Ping An Bank in official website.