Characteristics of LianLian Pay’s cross-border e-commerce payment and settlement
1) Convenient and fast
For domestic Amazon merchants to withdraw cash through LianLian Pay, the fastest arrival speed is 6-7 seconds, and the withdrawal can generally be received within 2 hours. The arrival time for withdrawals from PayPal accounts is 3-4 days, which is still faster than withdrawing cash to a bank card.
2) Low cost
LianLian Pay’s Amazon withdrawal fee is 0.7%, which is the lowest compared to other companies that officially cooperate with Amazon. Through LianLian Pay, users can withdraw foreign currency from PayPal to RMB, and the fee is only 1.2%. In addition, there are no other fees.
3) Safe and reliable
LianLian Pay is second only to Alipay and WeChat Pay in terms of the security of cross-border payment business. It has obtained payment business licenses, cross-border RMB settlement business licenses and cross-border foreign exchange settlement business licenses from the People’s Bank of China and the State Administration of Foreign Exchange. It has dual business licenses from the People’s Bank of China and the State Administration of Foreign Exchange, and has authoritative certification, making fund operations safer.