Green Circle Talks about Cross-border】How to Receive Payment to Bank Card for Cross-border E-commerce in Taiwan

How to transfer funds to bank card for cross-border e-commerce in Taiwan?

Taiwan's cross-border e-commerce is booming, and more and more businesses and individuals are entering the field, but the problem of collecting payments to bank cards is becoming more and more prominent. The payment method of cross-border e-commerce is not only related to the convenience of the transaction, but also to the security of the funds and the cost of remittance. In this context, how to collect payment to bank card for cross-border e-commerce in Taiwan has become an urgent problem to be solved.

First of all, for cross-border e-commerce merchants in Taiwan, the most common way to receive payments is through international payment platforms such as PayPal and Stripe. These platforms provide convenient payment collection channels, allowing sellers to easily accept payments from all over the world. However, these platforms do not transfer the payment directly to the seller's bank card; instead, it is first kept on the platform and then withdrawn to the bank card by the seller himself. This increases the cost of operation and time for the seller, and for some smaller cross-border e-commerce merchants, this method may discourage them.

In addition to international payment platforms, there are also some third-party payment organizations that offer the service of receiving payments to bank cards. These payment organizations usually cooperate with major banks and can transfer the payment directly to the seller's bank card, which is relatively more convenient. However, these payment organizations often charge a certain amount of handling fee, and the exchange rate may also be subject to a certain degree of loss. Therefore, for some cross-border e-commerce merchants seeking cost-effectiveness, this method may not be the best choice.

It is worth noting that banks in Taiwan are also actively expanding their cross-border collection business. Some major commercial banks have launched collection services for cross-border e-commerce merchants, providing them with more collection options. Sellers can open a dedicated foreign currency collection account through the bank, allowing overseas buyers to remit money directly into this account, and then the bank will transfer the money to the seller's Renminbi account. In this way, you can avoid the handling fees and exchange rate losses of third-party payment providers, and at the same time enjoy the security and stability of collection services provided by the bank.

Overall, cross-border e-commerce merchants in Taiwan still have some difficulties and challenges in accepting payments to bank cards, but with the continuous development of payment technology and the innovation of banking business, I believe these problems will be solved eventually. In the future, there will be more and better ways for cross-border e-commerce merchants to collect payments to meet different needs, which will also bring more development opportunities for cross-border e-commerce merchants in Taiwan.