There is a hidden “minefield” for overseas payments!Understand how to collect payments with zero risk in one picture

The last step in cross-border business — “repayment of funds” — is often overlooked by sellers and friends. This process is usually unfamiliar to sellers. It seems very simple, but it has many complicated processes and steps. From exchange, transfers to withdrawals, there must be no mistakes at every step, so that your funds can “fall into the bag” smoothly and steadily!

Therefore, we have prepared a special “unboxing” for you, going deep into every step and process of cross-border payment collection, and truly showing how your Amazon sales can be repaid domestically, so you can truly understand why Amazon's global payments allow you to work with peace of mind and sell big sales without worry, making it a solution worth trusting for Chinese cross-border sellers and friends.

First, let's take a look at Amazon Global Payments >>
After opening an Amazon store and generating revenue, your funds will be stored in an “Amazon Bank Special Account.” In order to transfer funds from here to your domestic bank account safely, efficiently, and in compliance, Amazon Global Payments has been strictly screened and introduced two domestic licensed payment service providers, Fuiou Pay (Fuiou Pay) and PayEase (PayEase), which are regulated by the People's Bank of China. They will provide safe and compliant domestic fund settlement services to Chinese sellers in different ways according to their actual business conditions.

Let's take Fuiou Pay (Fuiou Pay) as an example:

👉 Step 1: Your funds will be transferred from the Amazon seller's dedicated bank account for funds to be settled into Fuyou Pay's customer provision supervision account in China
👉 Step 2: Fuyou Pay completes the conversion from USD to RMB.
👉 Step 3: Fuyou Pay will transfer the RMB funds after completing the exchange from the customer reserve supervision account to your domestic bank account to complete the cross-border repayment.

However, if you choose an overseas third-party payment institution, there will usually be a significant difference in the money turnover process. Here, we'll use a picture to compare 👇

Judging from the flow of funds, there will be certain risk factors in every aspect of some cross-border payment methods, and sellers and friends need to pay special attention to:

1 You need to know whether the payment/collection company's overseas bank account will be used for purposes other than cross-border payments. If it is a multi-purpose non-dedicated account, then there may be certain risks in the business process.
2 Your overseas virtual bank account needs to be linked to an overseas physical account. If there is a problem with the multi-purpose non-dedicated main account, your sub-accounts may also be affected.
3 When applying for a virtual bank account, you also need to submit various information such as personal identification and proof of contact information. Once leaked, it may also present potential information security risks.
4 If you choose an unlicensed service provider, then overseas income may be transferred to customer accounts that are not subject to the supervision of the People's Bank of China and the Foreign Exchange Administration, which poses a certain safety risk.

Many sellers and friends may be very worried. Since there are so many “minefields” to be aware of in the cross-border payment collection process, how can profits made through hard work be guaranteed and transferred back to the country safely and unharmed?

I have to mention Amazon's global payout collection!As a one-stop cross-border payment service launched by Amazon, Global Payments allows you to directly use your domestic bank account to receive global payments in RMB, giving you a safe and convenient collection experience. In the particularly critical financial security process, global payments have four major advantages!

✔ Advantage 1
Exclusive account only, worry-free repayment: Amazon Global Payments will ensure that payment service provider accounts in overseas banks are “dedicated to special accounts”, do not involve your overseas revenue in other businesses, and are not interfered with by other risk factors.

✔ Advantage 2
No need to register a virtual bank account: There is no need to register an overseas virtual account to use Amazon Global Payments. You only need a domestic bank card* to directly receive overseas income. There is no need to authorize transaction information, which not only reduces the difficulty of managing overseas funds, but also avoids the risk of personal information leakage.

✔ Advantage 3
Real, trustworthy, and traceable: Every step of global payments is authentic and compliant. Not only can it ensure timely payment through automatic exchange and transfer, so that capital turnover is orderly and controllable; it also allows the seller platform to track payment progress in real time, ensuring “every transaction is traceable”.

✔ Advantage 4
Imprest accounts are subject to regulatory compliance: Reserve bank accounts are regulated by the People's Bank of China and the Foreign Exchange Administration, which can effectively guarantee the safety of Chinese sellers' funds. Furthermore, there are sufficient reserves of reserve funds (Fuyou's domestic reserve accounts have an average daily reserve of about 3 billion dollars), reducing delays in payments.

As Amazon's own payment collection tool, Amazon Global Payments not only provides comprehensive security guarantees, but is also committed to continuously improving the seller's payment experience in terms of convenience and transparency.

Simple operation of automatic transfers, “senseless” repayment
✔ Using Amazon Global Payments can be managed directly in the seller's back office without having to go to a third-party platform, reducing the difficulty of management.
✔ Global payments can be automatically transferred and exchanged, and there is no minimum withdrawal limit, no additional operation is required, freeing up the burden of operations.
✔ Funds can be received as soon as 1 working day. Funds are managed in an orderly manner, and there is no panic in business development!

The rates are transparent, so feel free to use the bigger the business, the lower the price!
✔ Amazon's global payment rates are very transparent and friendly, with no hidden charges and no remittance losses, making cross-border payments more secure.
✔ When you receive payment, you can clearly check the payment rate and exchange rate details, so you can count every penny in your mind and keep your pocket safe.
✔ Amazon Global Payments uses a tiered rate+joint account method. The rate is determined based on the seller's net sales at each Amazon overseas site. The larger the business, the lower the rate!