For cross-border e-commerce sellers and foreign trade SOHO, the choice of collection method is a headache. Third-party payment platforms are convenient to open an account, easy to settle foreign exchange, but the cost is high and the function is limited; traditional bank accounts have full functions and low rates, but it is difficult to open an account and the threshold is high. How to choose?
With the booming development of cross-border trade, the collection methods are becoming more and more diversified. Third-party payment platforms represented by Payoneer, WorldFirst and Lianlian Payment have become the preferred choice of many small and medium-sized sellers due to the advantages of convenient account opening and sunny foreign exchange settlement. The Hong Kong bank account, offshore accounts and other traditional bank accounts, due to its full-featured, low rates, favored by mature foreign trade enterprises. Today, we will from the account opening threshold, function, cost, applicable scenes and other dimensions, in-depth comparison of these two types of collection methods, to help you find the most suitable for their choice.

For small and medium-sized sellers with annual sales of less than $50 million, there are two more flexible and groundbreaking alternatives if they find 9810 too heavy and complex

Is the water flow eyeing to hit 5 million or 6 million this year? Is the thought of being forced to convert to a general taxpayer and pay 13% of VAT keeping you awake all night?

Bosses of cross-border e-commerce companies understand that, to a certain extent, "compliance" will become "mandatory" from "optional". Especially the annual sales of more than ten million, multi-store operation of the seller, the first few years by "buy single export" to save the trouble, later may become a tax audit, store freeze "time bomb"!

Last article we dismantled the cross-border non-ticket purchasing 4 compliance mode, covering the different needs from novice to medium and large sellers, but many sellers are still not clear about their own volume and category which mode to choose - annual sales of 3 million of novices and annual sales of 50 million of the big sellers, the compliance needs of the sky is very different; 3C small commodities and beauty skin care, the adaptive mode is also very different. The adapted mode is also very different