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What kind of collection is better for cross-border e-commerce? With the rapid development of cross-border e-commerce in recent years, choosing a good way to collect money from cross-border e-commerce has become an urgent need for cross-border e-commerce practitioners. However, at present, the mainstream collection methods are not only foreign Pai Anying Payoneer (P card), × × remittance Worldfirst (Wf card), but also domestic rookie "dark horse" PingPong finance, how should you choose? Then please let me compare and evaluate from the four aspects of account opening, function, security and cost, and analyze their differences, so as to find the one that is most suitable for you!

I. opening an account

Pai Anying Payoneer (P card) account is relatively simple, generally can open individual accounts and corporate accounts, as long as your × × × and a domestic bank card number, there is no need to provide address proof, the current registration account is generally the fastest to register today and the account will be approved tomorrow. It is definitely a safe, convenient and quick way for you to collect money. in addition, when you open an Payoneer account, you will default to open accounts in US dollars, pounds, euros, Japanese yen, Canadian dollars and Australian dollars, which really achieves "one card in place".

If you have not signed up for a Payoneer account, please click on the [Payoneer discount Registration Link], through which you can get a reward of US $25 and directly enjoy a discount of 1.2%: not only free of charge, but also a 1.2% fee for all-currency withdrawal without foreign exchange loss, and you will receive an one-time reward of US $25 when you accumulate a collection of US $1000. For more information on registration tutorials, please see: how to register a Payoneer card? Payoneer personal account | detailed explanation of the company account registration process!

It is also relatively easy to open an account with × × World First (WF card). When you want to open a personal account, you need to hold a personal × × to open it, and the company account needs to submit a company business license for about 1-3 days. World First supports the opening of accounts in sterling, euro, US dollar, Canadian dollar, Australian dollar, New Zealand dollar and Japanese yen.

If you have not signed up for a WorldFirst account, please click on our proprietary [WorldFirst discount Registration Link]. After registration, you can enjoy a 1% discount withdrawal rate and RMB withdrawal service on the same day. When you use WorldFirst to withdraw cash to your domestic bank account for the first time (starting with a minimum of US $250USD), enter the site's exclusive discount code "TAO25" (case sensitive) and you will receive a cash reward of US $25. It should be noted that if you register directly to the WorldFirst official website, you will not be able to enjoy this discount. For details of registration tutorials, please see: free registration tutorials for × × × remittance WorldFirst account (send $25.1% withdrawal rate)

PingPong Finance: for domestic native "PingPong Finance", it is generally possible to open personal accounts and corporate accounts. However, at present, it only supports US dollar accounts, does not support other currency accounts, and can only collect money from Amazon's US site. The audit time after registration is about 1-2 days. With each passing day, it is recommended that you always pay attention to the official website to get the latest information.

II. Function

1. The functionality of P card is the most flexible. Multiple sub-accounts can be opened in a P card account to accept payments from different stores, which is similar to World First. Transfer is also relatively free compared with the p-card. No matter under what name the p-card is registered, it can be transferred to a legal person, shareholder, or company account, and it also supports misnamed collection and withdrawal. This is undoubtedly the greatest benefit for both companies and individuals. In addition, the flexibility of the p-card is also reflected in the way in which the funds are used. It can not only pay logistics fees to logistics companies directly in foreign currencies, but also spend money online and in physical stores around the world. For more information about payoneer, see: why Payoneer is the best cross-border e-commerce collection tool, no one!

2. WorldFirst's personal account and corporate account have exactly the same level of function. One WorldFirst account can support multiple Amazon stores. For example, if you have five Amazon stores in the United States, you can provide links to these stores to World First, and they can help you open five sub-accounts to accept payments from different stores without causing any connection. At the same time, you can convert the money you need into the currency you need and withdraw it to a bank card in Hong Kong or the mainland. See: × × × WorldFirst latest FAQ, everything you want to know is here!

3. As for PingPong Finance, you can also open multiple sub-accounts to collect money from different stores. But keep in mind that American sites can only be different categories of products, and similar products can lead to associations.

III. Security

Payoneer: established payment company, subject to government regulation in the United States and Europe. Holding a MSB US and E-Money License license, settling foreign exchange in RMB and being monitored by safe is also the safest way to collect money officially recommended by Amazon.

World First: established payment companies, regulated by the governments of the United States, the United Kingdom and Hong Kong, are safe and secure.

PingPong: regulated by FinCEN (US Financial Crime Enforcement Agency), regulated by Chinese and US governments, and of course supported by local governments as domestic enterprises, US dollar accounts are issued by branches of four major Chinese banks in the United States.

IV. Fees

I believe that what we are most concerned about is the issue of cost. This is also easy to understand, how to optimize the management of their own money, or need to make efforts to analyze. So, let me share some of the latest data so that you can really be careful.

At present, there is no charge to Payoneer, and the withdrawal fee is 1.2%. Of course, if you are a big seller, you can also ask the official customer service to apply for a lower rate for you. The minimum withdrawal amount of P card is US $50, and the withdrawal speed is as fast as 1 working day (see: Payoneer US dollar collection and withdrawal within 1 day, which is too fast!). There are six currency accounts in US dollar, pound sterling, euro, Japanese yen, Canadian dollar and Australian dollar. For more information, please see: how does Payoneer charge? Detailed description of Payoneer fee!

There is no charge for World First, the withdrawal fee is 1%, and the minimum withdrawal amount is US $250. The speed of withdrawal is as fast as 1 working day (see: × × × foreign exchange WorldFirst to withdraw RMB to achieve the same day! ), WorldFirst currently offers overseas bank collection accounts in seven different currencies (USD US dollars, EUR euros, GBP pounds, CAD Canadian dollars, JPY yen, AUD Australian dollars, New Zealand dollar NZD).

There is no charge for PingPong, the withdrawal fee is 1%, and the minimum withdrawal amount is US $50. The withdrawal speed is as fast as 1 working day, and the supporting currency accounts are only US dollars and US accounts.

After looking at the above data, do you feel dizzy? Haha, the editor here has prescribed a medicine for awakening the brain and eyesight for you! I hope you can "put aside the clouds and see the blue sky" after taking it.

Name

Payoneer (P Card)

World First (WF Card)

PingPong

Registration qualification

Individual / business

Individual / business

Individual / business

Withdraw RMB

Can withdraw cash

Can withdraw cash

Can withdraw cash

Registration fee

0

0

0

Accounting fee

0

0

0

Withdrawal fee

1.2%

1%

1%

Annual fee

Physical card has an annual fee

0

0

Minimum withdrawal amount

50USD

250USD

500EUR

500GBP

50USD

exchange rate

Bank of China real-time spot purchase

Bank of China real-time spot purchase

Real-time spot purchase price of Bank of China

Support currency

Us dollar, pound sterling, euro, Japanese yen, Canadian dollar, Australian dollar

Us dollar, euro, pound sterling, Canadian dollar, Japanese yen, Australian dollar, New Zealand dollar

dollar

Whether to support withdrawal under the wrong name

Support

Not supported

Not supported

Withdrawal speed

1 working day

1 working day

1 working day

Withdrawal method

P card backstage manually withdraw money to domestic bank card

WF backstage manually withdraws money to domestic bank cards.

Pingpong backstage manually withdraws money to domestic bank cards.

Support platform

Amazon, Lazada, wish, newegg (see our collection tutorial for more), almost all platforms are supported.

71 platforms such as Amazon, Lazada, eBay, newegg (wish is not supported)

Amazon, wish, newegg, etc.

Preferential activities

Through [Payoneer preferential Registration Link], the p-card charged $1000 will get a rebate of $25

Through [WorldFirst preferential Registration Link], when you first use WorldFirst to withdraw cash to a domestic bank account, enter the site's exclusive discount code "TAO25" (case-sensitive) and you will receive a cash reward of US $25.

Currently no activity

Suggestion

If you are only registered with Amazon USA, you can choose to register for WF or pingpong or p card. If the European station is registered, it is recommended to register the p-card, because the European station needs to be collected in the name of the company, and the p-card in the name of the company can withdraw money to the company or legal person or shareholder account, so as to avoid going to the public account. Of course, if you don't mind going the right way, it's OK to register for WF.

Summary:

The above analysis concludes that Payoneer is a good choice in terms of functional flexibility and comprehensiveness. If you have higher requirements for the speed of withdrawals, you can choose pingpong and WF. If you have more stores that need to collect money on different platforms, you can also choose Payoneer cards and WF cards with more cooperation platforms. If you want to choose the collection method that supports the most currencies, choose a WF card that supports seven currencies, or a Payoneer that supports six currencies.

The choice varies from person to person, and what is suitable for you is the best! So, which collection method is most suitable for you, have you found it?

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