Doing cross-border payments can be tricky as there are a lot of regulations around them. There are several ways you can make cross-border payments happen:
- Sell your products/services, receive the money in China and then have it remitted abroad. This process can be quite difficult and expensive due to money restrictions and Chinese banking regulations.
- Sell your products/services and receive it in your own bank account abroad. In order to do that, you will need to find a reliable cross-border payment provider. Working with cross-border payment providers may involve some commission fees, however, this method is safe and significantly speeds up your cashflow with payouts on a weekly or monthly basis.
We have partnered with Nihaopay, one of the few officially authorised cross-border payment providers in North America and Europe for WeChat Pay and Alipay. We can assist with account setup and arrange a preferential payment fee (< 2.9%) compared to other solutions.
Get in touch for support on account setup and/or payment integration into your platforms.