Complete Global Selling Payment Guide for E-commerce & B2B Beginners
Complete guide to global selling payment collection for e-commerce, B2B, and app developers. Essential for beginners going global.
This article provides a detailed explanation of the core issues in the 【payment collection】环�?for going global, especially clarifying the essential concepts.
What is 【Payment Collection�?
Let's align on what "payment collection" means in the context of going global.
Definition: The process of funds entering your personal account from the payment channel.
Payment Collection Process Example
- Customer Payment: Customer uses PayPal to pay $50 for an order on your independent store
- Funds Entry: The USD goes into your PayPal account, then to your bank card after binding
- Overseas Account: If it's a US CITI bank card, the money lands in your overseas bank account
- Currency Exchange: If you want to use it domestically, you need to exchange currency
Note: If you only have consumption needs overseas, you can already use your overseas bank card for global or local consumption.
How to 【Collect Payments�?
Three Steps to Payment Collection
- Apply for a receiving bank card
- Bind it to your payment channel (or platform)
- Exchange currency and withdraw
Step 1: Get a Receiving Bank Card
| Method | Features | Pros & Cons | Suitable For |
|---|---|---|---|
| Physical Card | Apply for a real local physical bank card offline | High cost, complex process, troublesome maintenance | Very few users with special needs |
| Virtual Card | Apply online through domestic licensed institutions | Zero cost, instant, compliant, direct exchange | 99% of people going global |
Step 1 Summary: Go to major licensed cross-border payment institutions and open a virtual receiving card at zero cost.
Step 2: Bind to Payment Channel
Everyone's payment platform and marketplace are different.
Binding Examples:
- Shopify Independent Store: Activate Shopify Payments with UK entity, enter virtual bank card information
- Content Monetization: Blog traffic sites, YouTube channels through Google AdSense, enter virtual bank card info in the backend
- App Development: Bind virtual bank cards in Google Play, App Store developer backends
Step 3: Currency Exchange and Withdrawal
Platform Payment Rules Example:
| Platform | Settlement Rules |
|---|---|
| YouTube AdSense | Monthly settlement, payment when reaching $100 |
| Shopify | T+1-3 automatic payment |
When funds are automatically transferred to our virtual account by the platform, we can go to the cross-border payment platform to operate withdrawals! This step is smooth and effortless.
Global Selling Payment Platform Selection Guide
For legitimate white-hat global selling players, the payment collection环节 is the most straightforward and smoothest part of global selling. Because it's all operated on domestic platforms with Chinese language, good user experience, and excellent customer service.
Major Platforms
| Platform | Features |
|---|---|
| WorldFirst | Low rates, smooth Alipay withdrawal |
| Airwallex | Very easy KYC, strong scalability; low rates |
| PingPong | Average rate starting at 1% except for TK/Temu/Shein |
| LianLian | Starting at 0.3-0.7%, exclusive for Ozon |
| PayPal | China region special, the only platform where you can collect payments with domestic entity, but highest rates |
Selection Advice
PayPal is a must! PayPal China is a very special existence—it's the only platform tool where you don't need an overseas entity, just using a domestic entity to open a China region PayPal and normally embed it into your website business for payment collection.
There are 2 ways for their payment collection:
- Use PayPal as a separate payment channel, then bind another virtual USD or HKD card from other collection platforms
- PayPal China officially opened Global Selling Treasure, directly one-stop payment collection, receipt, and currency exchange
Choose one of four: WorldFirst, Airwallex, PingPong, LianLian—pick whichever you prefer! Additionally, some e-commerce platforms have exclusive contracts with one global selling payment institution, so in special cases you may only have one choice.
That is, each platform has its own focused and strong cooperative e-commerce platforms—choose what's suitable for you! If you really can't decide: register for all of them.
Others: More platforms like Payoneer, whose collection is integrated through cooperation with other domestic licensed institutions to provide related services; like Xtransfer, a platform focused on B2B collection and currency exchange, and many more.
FAQ
B2B? B2C Global Selling E-commerce? Overseas App Developer? Which one should I choose?
Global Selling E-commerce: whether independent store or platform (Amazon, eBay, etc.), directly choose Global Selling E-commerce.
B2B Trade Sellers: if not involving user orders and mostly direct remittance, choose Foreign Trade B2B.
App Developers: if funds mainly come from Google AdSense and similar channels, choose Digital Entertainment Going Global.
When in doubt, ask customer service by email or official chat and describe your business, your payout destination, and required account type.
Do I need to use an overseas entity to open a payment collection channel?
No. The role of payment collection is to legally and compliantly convert foreign currency into domestic RMB. In this step, use your domestic identity information. Otherwise, funds may remain in foreign accounts without practical exchange support for your domestic withdrawal scenario.
What bank card do I need to bind to the payment collection platform?
Use your domestic bank card. Most mainstream banks (for example ICBC and China Merchants Bank) are supported for withdrawal.
What's the difference between PayPal China and overseas PayPal?
PayPal China can be opened with a domestic entity and directly used for website collection in China region scenarios.
Overseas PayPal typically requires the entity of the target country or region.
PayPal China usually has higher rates, but much lower entry barriers.
Are virtual cards safe?
Virtual cards provided by licensed cross-border payment institutions are formal financial services and are generally compliant and regulated.
Summary
Global selling payment collection may seem complex, but once you understand the concepts and processes, it's actually very smooth. Remember the three steps: Apply for virtual card → Bind to payment channel → Exchange currency and withdraw.
For legitimate white-hat players, the payment collection环节 is the simplest part of global selling. Choose the right payment platform, open the corresponding account according to your business type (B2C, B2B, app development), and you can start your journey of going global.
PayPal China is recommended as a must-have, and other payment platforms (WorldFirst, Airwallex, PingPong, LianLian) can be chosen according to your needs. The most important thing is to take action—don't let choice paralysis hold you back!
