Cross-border payment is a topic that every foreign trader cannot avoid. If you are a big seller with a revenue of several million US dollars a year, you will find that more than 100,000 or 200,000 US dollars are spent on payment. So how do we choose our payment method? What are the latest payment methods of Amazon?
1. It is relatively simple to open an Airwallex account. You can open a corporate account or a personal account. The lowest Airwallex fee is less than 30% of the traditional wire transfer method. It is connected to Pay: 's digital wallet accounts for 45% of China's e-wallet market. As the number of Chinese tourists grows, using to pay overseas will become more common. Mobile payments via QR code or app are quick and easy. This is the first recommended payment method for Amazon, and there is an promotion now.
2. It is relatively simple to open a Payoneer (P card) account. Generally, you can open a personal account or a corporate account. All you need is your ID card and a domestic bank card number. No proof of address is required. Currently, the fastest way to register an account is to register today and get it approved tomorrow. It is definitely a safe, convenient and fast way to receive payments for you. In addition, when you open a Payoneer account, accounts in six currencies, namely, US dollars, British pounds, euros, Japanese yen, Canadian dollars and Australian dollars, are opened by default, truly achieving "one card for everything". Among Amazon's payment methods, this is the most common payment method.
3. It is also relatively simple to open an account with World First (WF card). When you want to open a personal account, you only need to bring your personal ID card. For a corporate account, you need to submit the company's business license. It takes about 1-3 days. World First supports opening accounts in seven currencies: British Pound, Euro, US Dollar, Canadian Dollar, Australian Dollar, New Zealand Dollar and Japanese Yen.
4. PingPong Finance: PingPong Finance, which is native to China, can generally open personal accounts and corporate accounts. However, it currently only supports US dollar accounts and does not support payment from accounts in other currencies. It can only receive payments from Amazon's US site. The review time after registration is about 1-2 days. Things are changing with each passing day, so it is recommended that you always pay attention to the official website to learn the latest information.
Which Amazon payment method is better?
1. Airwallex waives four basic fees, including account opening fee, payment collection fee, currency exchange rate and cash withdrawal fee. Airwallex is currently having a zero-fee promotion.
2. Currently, Payoneer has no deposit fee and the withdrawal fee is 1.2%. Of course, if you are a big seller, you can also contact the official customer service to apply for a lower rate for you.
3. World First has no deposit fee, the withdrawal fee is 1%, and the minimum withdrawal amount is US$250. The fastest withdrawal time is 1 working day.
4. PingPong has no deposit fee, the withdrawal fee is 1%, and the minimum withdrawal amount is US$50. The fastest withdrawal speed is 1 working day, and the only currency accounts supported are US dollars and US accounts.
5. Amazon's official global payment service has a 1.25% handling fee which is still very expensive. Many domestic payment channels charge lower than this. It is even cheaper to transfer to a Hong Kong bank. If you are a medium or large seller, you can save a lot of money.
This is the end of this article about Amazon's latest payment methods. If you want to get more information about Amazon's latest payment methods, please continue to pay attention~
