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9

Payment Gateway & Collection Account Setup

Advanced
3-5 days

Apply for PayPal, Shop Pay and other payment methods, configure collection and settlement platforms to ensure smooth cash flow.

Cross-border E-commerce Fund Flow Process
Understand the complete e-commerce fund flow process, from customer payment to final arrival in domestic accounts.

Cross-border E-commerce Fund Flow Process

Customer Payment

Overseas customers pay for products via credit cards, PayPal, etc.

Shopify Collection

Shopify platform receives customer payments, deducting platform fees

Local Bank

Funds transferred to local bank accounts (US, Hong Kong, etc.)

Exchange Platform

Foreign exchange and compliance processing through compliant exchange platforms

Domestic Account

Finally reaches domestic bank accounts or Alipay for normal use

Detailed Process Description
1

Customer Order & Payment:

Overseas customers place orders in Shopify stores, completing payments using credit cards, PayPal, Apple Pay, etc.

2

Shopify or PayPal Processing:

After receiving payments, Shopify or PayPal deducts corresponding transaction fees and processes order information

3

Transfer to Local Bank:

Funds are transferred to your linked local bank account (bank account in the country where your entity is registered) within 2-3 business days

4

Exchange Service:

Foreign exchange conversion through compliant exchange platforms (such as WorldFirst, Airwallex, Payoneer, Wise, etc.)

5

Arrival in Domestic Account:

After completing the exchange, RMB funds arrive in domestic bank accounts or Alipay for normal use

Payment Method Configuration
Configure main payment gateways and collection methods
Shopify Direct Shop Pay & PayPal Business Account
Main official payment channel configuration
  • Apply for Shop Pay: As Shopify's official payment method, it can improve checkout conversion rate
  • Apply for PayPal Business Account: Globally popular payment tool
  • Application Requirements: Use registered business license and brand website to apply
  • Shop Pay and PayPal need to connect to enterprise bank accounts or bank accounts provided by settlement platforms
Third-party Collection & Settlement Platforms
Choose appropriate collection and settlement platforms to ensure safe fund arrival
WorldFirst
Ant Financial
Under Ant Financial, focusing on cross-border collection for SMEs
  • Multi-currency accounts
  • Support withdrawal to domestic bank accounts
  • Transparent rates
Airwallex
Sequoia Capital
Sequoia Capital investment, providing global collection, payment and exchange services
  • Competitive rates
  • Support multi-platform deposits
  • Fast arrival
Payoneer
NASDAQ
NASDAQ-listed company, widely used on Amazon, eBay and other platforms
  • USD, EUR, GBP and other multi-currencies
  • Convenient fund management
  • Globally recognized
PingPong
Domestic Platform
Well-known domestic cross-border collection service provider, focusing on B2B
  • Low rates
  • Fast withdrawal
  • Popular with Chinese sellers
LianLian Pay
Domestic Platform
Leading third-party payment company in China
  • Cross-border payment solutions
  • Support multi-platform collection
  • Localized services
Wise
LSE Listed
London-listed company, individuals can also apply for accounts
  • Common Western transfer platform
  • Transparent rates
  • Individual-friendly
System Integration
Integrate all payment and collection accounts, complete system integration to ensure smooth fund flow.
Payment Accounts
Shopify Payments

Configure Shop Pay

High
PayPal Business Account

Connect and test

High
Credit Card Processing

Verify payment flow

High
Other Payment Methods

Configure as needed

Medium
Collection & Settlement
WorldFirst/Airwallex

Complete KYC verification

High
Domestic Bank Account

Bind withdrawal account

High
Fund Flow Testing

Small amount test transfer

High
Exchange Rate Monitoring

Set rate alerts

Medium
System Testing & Verification
Full process testing to ensure system operates normally
Payment Process Testing
Test complete flow from order to collection
  1. 1
    Simulate customer order placement
  2. 2
    Verify payment processing works
  3. 3
    Confirm order status updates
  4. 4
    Check fund arrival status
Fund Transfer Testing
Verify complete path from overseas to domestic funds
  1. 1
    Confirm Shopify collection works
  2. 2
    Verify third-party platform transfer
  3. 3
    Test settlement platform processing
  4. 4
    Confirm domestic account arrival
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