AliExpress supports international Alipay (Escrow) payment. If the seller already has a domestic Alipay account, he only needs to bind the domestic Alipay account, and there is no need to apply for an international Alipay account. If the seller does not have a domestic Alipay account, he can first log in to the Alipay website to apply for a domestic Alipay account, and then bind it.
International Alipay is a third-party payment service, not a payment tool. Its service model is similar to that of domestic Alipay: during the transaction, the buyer first transfers the payment to the international Alipay account of the third-party guarantee platform, and then the third-party guarantee platform notifies the seller to ship the goods. After the buyer receives the goods and confirms, the third-party guarantee platform will release the payment to the seller, thus completing an online transaction.
1. Payment method
International Alipay currently only supports buyers to pay in US dollars, and sellers can choose between two payment methods: US dollars and RMB. After binding the domestic Alipay account, the seller can collect RMB through the Alipay account. International Alipay will convert US dollars into RMB according to the exchange rate on the day the buyer pays and pay it to the seller’s domestic Alipay or bank account; the seller can also directly collect US dollars by setting up a US dollar collection account.
International Alipay supports a variety of payment methods, including credit cards, T/T bank transfers, Moneybookers and debit cards. The seller’s payment method will also be different if the buyer chooses a different payment method.
.2. Loan method
AliExpress evaluates the order release time based on the seller’s comprehensive business conditions (such as praise rate, rejection rate, refund rate, etc.).
AliExpress platform will freeze a certain percentage of the deposit to be used for refunds or compensation that may be generated in the later stage of the loan order, as well as other losses that may be incurred by the buyer, AliExpress or a third party. There are currently two forms of deposits for early loan release.