The earlier method of " paypal's free withdrawal of funds to payoneer's us bank account " has expired. Since the end of last year, paypal officials have officially charged paypal chinese users with a fee of us$35 per transaction for withdrawing funds to their us bank accounts. In other words, no matter whether you withdraw cash to a domestic bank or a us bank, as long as you are a chinese user, you will be charged a handling fee of us$35 for each transaction. paypal's foreign currency to china.
On the one hand, many companies do not have foreign currency accounts in their corporate accounts. To open a foreign currency account, the people's bank of china and the mobile number list state administration of foreign exchange must apply for the record; on the other hand, the financial compliance standard is that the source of funds must have a real trade background. In principle, relevant transaction certification materials must be submitted. Not only the seller finds it cumbersome, but the bank also finds it troublesome. Many banks simply refuse to accept payments from PayPal Money.
According to the seller's feedback, about 2 months ago, domestic banks began to strictly review foreign currency deposits, and many of them were rejected. However, stripe has a higher threshold. Hong kong accounts and us accounts are the prerequisites, and only a small number of sellers can apply. So, when payoneer said to launch an independent station to collect payments, I was still somewhat excited. It was originally thought that this would also solve the problem of independent website collection for most chinese sellers. It's a pity, it turns out that this is payoneer's hype! Do cross-border sellers follow suit and build their own websites independently? Beware of the risk of false fire! Please rationally view the value of an independent self-built website 9 you can directly withdraw funds from stripe to payoneer into china.