Paypal is an international third-party online payment tool. Online payment is convenient and fast. In addition, it can eliminate the worry of buyers not receiving goods after payment. The usage rate of foreign buyers is over 80%, and the buyer coverage is wide, especially in Europe and the United States. Opening Paypal can bring you more orders. You only need to use an email to register. Opening an account is free. As a third-party tool, like Alipay, PayPal buyers can complain to PayPal if they have any problems.
First, the funds are safe. Second, it is fast. Basically, it is the same as domestic Alipay. After the buyer pays, the PayPal balance will be displayed immediately. Third, it is convenient. Various tools can be used to manage transactions and improve efficiency. Fourth, the global market acceptance is high. Currently, PayPal is used in 190 markets and 6 currencies. It is the most mainstream payment method for small cross-border trade tools. There is another issue about PayPal that everyone needs to pay attention to, which is the difference between PayPal and PayPal. They are similar to the international and domestic versions of Alipay. PayPal International Station allows sending and accepting payments in 55 countries and regions. PayPal is its Chinese version, which can only send and accept payments to Chinese users. In addition, it is free for both buyers and sellers to use it. Therefore, PayPal is still the first choice for small payments.
People use PayPal for small payments, but traditional T/T is still the way to go for large cross-border payments, because PayPal’s large transactions have certain risks, especially in 2015, when PayPal seized the accounts of Chinese cross-border e-commerce sellers due to a phishing enforcement incident involving intellectual property complaints, causing hundreds of people to lose nearly 10 million yuan. Therefore, small and medium-sized cross-border e-commerce sellers in China must pay attention to using traditional TT and other payment methods for large cross-border payments, and sign a legal agreement with the buyer during the transaction.