What are the cross-border e-commerce payment methods?

China's cross-border electronic payment and settlement methods are mainly cross-border payment and purchase of foreign exchange (including third-party foreign exchange payments, overseas e-commerce acceptance of RMB payments, remittance through the domestic bank purchase of foreign exchange, etc.), cross-border income settlement (including third-party receipts and remittance through the domestic bank remittances, in order to settle the inflow of remittances or split settlement in the name of the individual, and the realization of cross-border collection and settlement of funds through the underground money changers, etc.).

Cross-border electronic payment business occurs in the flow of foreign exchange funds, necessarily involves the funds of foreign exchange sales and receipts and payments.

Extended Information

Payment institutions to participate in cross-border e-commerce foreign exchange payment business of the customer to take real-name authentication system, strict examination of the authenticity of customer identity information. Payment institutions should verify the bank payment account account holder information and customer identity information through effective ways of consistency of the same party to complete the payment.

Payment institutions only have a real transaction background of cross-border e-commerce transactions to provide cross-border foreign exchange payment services, the scope of which includes trade in goods transactions and trade in services by the State Administration of Foreign Exchange audit agreed to the cross-border trade transactions background, shall not be carried out without foreign exchange payment business. The funds in the customer's foreign exchange reserve account and the payment institution's own foreign exchange funds shall be strictly differentiated and managed, and shall not be mixed. The use of own foreign exchange income and expenditure should follow the current institutional foreign exchange management regulations.

Payment institutions can focus on the customer for the receipt of remittance and settlement of foreign exchange business, but should realize the transaction information pen by pen to restore the rolling difference between the receipt of remittance and settlement of payment shall not be remitted. Institutions should be handled within days of the settlement and sale of foreign exchange business according to the agreement with the household or the actual transaction, timely payment to the customer, shall not intentionally delay payment.

Payment institutions in the provision of cross-border electronic commerce foreign exchange payment services, can accept customer RMB or own foreign exchange payment customers to. Payment institutions to transfer foreign exchange, the bank shall require it to provide online transactions containing the amount of the transaction, the name of the payment institution and other information to prove the authenticity of the material, after verification of the amount and the name of the payment institution account for, and in the transaction note marked "cross-border foreign exchange Internet payment transfer" words.

Baidu Encyclopedia - Payment Institutions Cross-Border E-commerce Foreign Exchange Payment Business Pilot Guidelines

Baidu Encyclopedia - Cross-Border E-commerce