Check-like electronic money payment system model

By Ultraman

The check-like electronic currency payment system model is a typical network payment system model based on electronic checks, electronic ticket exchange, credit cards, online bank accounts, etc. It supports large, medium and small amount of fund payment and settlement, which is similar to the traditional paper check application system model. This model mainly involves three…

Cross-border settlement: payment institutions VS traditional banks

By Ultraman

Cross-border settlement refers to the act of transferring funds across borders and regions by using certain settlement tools and payment systems to settle international debts and credits arising from international trade (trade in goods, trade in services), international investment, etc. between two or more countries or regions. At present, offline cross-border trade and online B2B…

Cash-like electronic currency payment system model

By Ultraman

Electronic cash payment, including the process of online payment by credit card, reduces material costs, transportation costs, etc., and is quick and convenient to use. However, each payment settlement requires the direct participation of the bank as an intermediary, which has certain time and cost overheads, and is not anonymous. The identities of both parties…

Traditional cross-border settlement

By Ultraman

Traditional cross-border settlement mainly refers to international settlement tools such as remittance, collection, and letter of credit between banks. It relies on the mature SWIFT system and clearing system between global banks and has the characteristics of security, stability, and reliability. Driven by competition, major banks continue to optimize processes and improve services under the…

Classification of online payments by payment amount

By Ultraman

Since e-commerce is based on the Internet platform, its operating costs are relatively low, so it is more suitable for large, medium and small enterprises, government agencies and individual consumers. Due to the different consumption capabilities of enterprises and individual consumers of different sizes, the prices of goods and services on the Internet are also…

How to register an Amazon influencer marketing account

By Ultraman

With the rapid development of the cross-border e-commerce industry, Amazon has attracted a large number of sellers to settle in. In order to attract more buyers, Amazon has introduced more policies, such as Amazon’s influencer marketing account. Today, let’s talk about how to register for Amazon’s influencer marketing account? First of all, your account must…

What is the most convenient way to optimize Amazon CPC?

By Ultraman

After we select the product, we go to the listing and start to promote the listing. In-site promotion is definitely an essential part, that is, CPC advertising. So how to operate Amazon CPC optimization more conveniently? 1. Bid bidding for keywords Bidding is one of the factors that affect the ranking of Amazon CPC ads,…

Payment institutions vs. traditional banks – pain points

By Ultraman

First of all, speaking of drawbacks, authenticity and compliance are still the biggest shortcomings of third-party payment institutions. First, since cross-border e-commerce transaction information is transmitted in electronic form, and electronic documents can be easily tampered with without leaving any traces, paperless and virtualization have led to difficulties in verifying the authenticity of transactions. Second,…

Steps in the online payment and settlement process

By Ultraman

Since the online payment process based on the Internet platform is similar to the traditional payment process, many application mechanisms and processes of traditional payment methods are borrowed when processing online payments. If you are familiar with the payment process of traditional payment methods, such as paper cash, paper checks, POS machines, credit cards, etc.,…