We know that the cross-border payment platform that cooperates with the Shopee platform is Lianlian Pay. So, which cross-border payment platform is better to bind “My Wallet”? This section will introduce these three platforms in detail from the aspects of platform introduction, products and services, registration information, and registration steps.
1. Platform Introduction
Lianlian Payment is one of the products of Lianlian Yintong Electronic Payment Co., Ltd. The company was established in 2003 with a registered capital of 325 million yuan. It is a domestic A leading independent third-party payment company, a national key software enterprise, and a national high-tech enterprise. In 2017, the company officially launched cross-border collection products, aiming to solve the problems of long cross-border collection funds and high handling fees in the field of cross-border collection, and to help cross-border e-commerce sellers recover their accounts safely and efficiently. At present, Lianlian Payment has realized Amazon’s all-currency collection including US dollars, Japanese yen, euros, British pounds, Australian dollars, and Canadian dollars, covering Amazon.eBay, Wish, Cdiscount, Shopee platforms, etc. through one account It has multiple accounts on major overseas e-commerce platforms and supports VAT (value-added tax) payments in seven countries: the UK, Germany, France, Italy, Spain, the Czech Republic and Poland.
2. Goods and Services
Lianlian Pay provides advance payment, order loan, VAT, cross-border logistics, and claims master services for cross-border payments. We can choose to withdraw RMB cash through Bank of China or China Merchants Bank. The real-time exchange rate used for foreign currency withdrawals in different currencies is provided by Lianlian Pay’s partner banks.
RMB withdrawals and foreign currency withdrawals generally arrive within 2 hours.
The currency credited to the Singapore site of the Shopee platform is Singapore Dollar (SGD), the currency credited to the Indonesian site is Indonesian Rupiah (IDR), and the currency credited to other sites is US dollars. Currently, Lianlian Pay supports cash withdrawals in Indonesia, Malaysia, Taiwan, Thailand, Philippines, Singapore, and Brazil, but does not support cash withdrawals in Vietnam. The fee rate for withdrawals is generally 0.7%. We can keep an eye on the activities of LianLianPay at any time. Currently, newly registered users have a free withdrawal limit of RMB 30,000, and a handling fee will be charged for withdrawals exceeding RMB 30,000. If the amount of cash withdrawal is large, it is recommended to purchase the “Lian Lian Wong Card” and pay 999 yuan to enjoy the 15-month discount on the cash withdrawal rate of Shopee platform stores.
3. Registration information.
4. Registration steps
(1) Select LianLian Pay on the “Bank Account” page in the “Finance” section, then click the “Register/Login” button and enter the payment password Jump to the Lianlian cross-border payment registration interface.
(2) Select your region, enter your mobile phone number, fill in the verification code, set your login password, and check the “I have read and agreed to the “Service Agreement” and “Privacy Policy” checkbox. Click the “Create” button to create an account.
(3) Select the user type and ID type, upload the ID photo, fill in the real name, English name, ID card information and other information for real-name authentication, and submit for review. We will receive the review result information 1 to 2 working days after the real-name information is submitted.
(4) Click the “Apply for Overseas Collection Account” button. Click the Shopee platform logo to open the page, click the “Go to Shopee backend and bind store” button to enter the Seller Center login interface of the Shopee platform, and re-enter your account and password to log in to the backend.
(5) Select LianLian Pay in the “Bank Account” page of the “Finance” section, log in with the registered account to complete the binding
You can conduct transaction inquiries in the LianLian Pay backend , understand each income and expenditure, and can recharge advertising directly through the backend.
Lianlian Pay has a WeChat applet. We can follow the WeChat official account “Lianlian Cross-Border Payment” and enter the WeChat mini program to check balances and withdraw funds at any time through “My Account” and “Withdrawal Account” below.