AliExpress is an online trading platform built by Alibaba for the international market. It is the world’s third largest English online shopping website and is often referred to as the “international version of Taobao” by many sellers. As the name implies, if there is Taobao, there should be Alipay. Therefore, the third-party payment platform for the international market, Alipay International, came into being.
Alipay International was jointly developed by Alibaba and Alipay. Its original design was mainly to provide third-party guarantee services for the transaction security of buyers and sellers in international online transactions. Its functions include collection, refund, and withdrawal of transactions. For users, if they already have a domestic Alipay account, they only need to bind the domestic Alipay account and do not need to apply for an international Alipay account. If you do not have a domestic Alipay account, log in to the Alipay system and set up your own account.
The service model of Alipay International is similar to that of Alipay Domestic. In the transaction process, the buyer first transfers the payment to the third-party transaction platform Alipay or Alipay International account, and then the third-party guarantee platform notifies the seller to ship the goods. After the buyer receives the goods and confirms that there are no problems, the third-party guarantee platform transfers the payment to the seller, and then an online transaction is completed.
Alipay International has its own characteristics and advantages. Alipay International is a third-party payment guarantee service, not a payment tool, and has extremely high security performance. Its risk control system can protect users from credit card fraud in transactions, and Alipay International will only notify the shipment when the payment is received, and the payment will be transferred to the seller’s account after the buyer confirms receipt, which can avoid the transaction fraud risks existing in other payment methods.
At the same time, Alipay International supports a variety of payment methods, including credit cards, T/T bank remittances, etc., and more payment methods will be introduced in the future. In addition, this online payment is convenient and fast, and transactions can be completed without leaving home, and then the goods are delivered to the door, which brings great convenience to consumers. International Alipay does not require pre-deposit and does not charge any service fees. AliExpress members only need to bind their domestic Alipay account and US dollar bank account to receive payments in two currencies.