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No one wants to waste any real money, so sellers still attach great importance to the rate. Currently, Amazon’s official test rate for collection is 1.25%, which is not a big advantage in the current market. It can be seen from the following comparison chart of the rates and value-added services of major cross-border payment companies. 1. The withdrawal process is omitted, and the seller loses the right to choose the exchange rate.

The biggest highlight of Amazon's official collection is that it can be directly deposited into a local bank account in China, and the payment can Malaysia Phone Number Data be received in as fast as 2 days. But at the same time, this also shows that Amazon’s official collection omits the cash withdrawal link, and sellers lose the option of exchange rates to a certain extent. In the current situation of fluctuating exchange rate trends, this is particularly disadvantageous to cross-border sellers.



2. The collection function is single and cannot meet refined operations. Amazon's official collection service has not yet launched value-added services, companies have begun to provide comprehensive financial services after years of innovation and development. Payoneer and PingPong provide VAT payment and advance loan services. PingPong has also recently launched an agency export tax refund service to meet the various financial needs of sellers.
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