What is Gleebill

Gleebill Global Solutions Inc. (Gleebill) is a financial company that focuses on providing safe, stable, efficient and low-cost global cross-border payment solutions to Chinese cross-border e-commerce sellers.

About Dingfu

1. Founded in 2016 and headquartered in New York, it is a wholly-owned subsidiary of Shenzhen Dingfu Information Technology Co., Ltd. (Dingfu for short) carefully built for China's cross-border e-commerce;

2. Dingfu has more than 100 strategic cooperation channels with high-quality banks at home and abroad, and processes an average of 1 million transaction orders per year.

Operation Process

1. Register a Gleebill account and obtain a payment account number in USD, EUR, GBP, JPY, etc.;

2. Add the payment account to Amazon and other seller platforms;

3. Payments from seller platforms such as Amazon will be automatically sent to the Gleebill account;

4. Withdraw cash from the Gleebill account to a domestic bank account.

Supported platforms

Foreign trade independent station/Amazon, wish and other multi-platforms/multi-sites/multi-stores

Rates

0.8% capped rate; lock in real-time spot purchase price in 30 seconds, zero exchange loss, and no hidden fees.

Withdrawal

Withdrawal within 1 working day, using the exclusive card of Bank of China can achieve instant arrival, and withdrawal is available 24 hours a day, 365 days a year;

Gleebill supports withdrawals to corporate public accounts, corporate legal person accounts, and personal accounts of shareholders holding more than 25% of the shares.

Safety and security

Gleebill is a cross-border payment company that is supervised by the international financial payment industry PCI, the U.S. Financial Crimes Enforcement Network (FinCEN), overseas banks, and domestic banks.

Development History

-In 2012, Dingfu passed international certifications such as PCI DSS, VISA QSP and MASTER PF, and was one of the first institutions in mainland China to pass the three certifications.

-Starting from June 2018, Dingfu Gleebill VAT supports free VAT payment for Amazon in five European countries.

FAQ

Q: What fees will be charged if I apply for withdrawal using the Gleebill payment account?

A: Gleebill's overseas account does not need to pay any fees to receive the payment sent by Amazon. Gleebill only charges a certain withdrawal fee when the seller applies for RMB withdrawal. There are no other hidden fees.

Q：Is the receiving account the KYC?

A: No, reviewing the payment account is Amazon’s protection measure for the seller’s account and financial security. KYC is Amazon’s inspection of the overall business conditions of the seller’s store.

Q: Why was my change of Amazon store payment account subject to review?

A: Amazon requires review of any seller who changes their store payment account. This is an important measure for Amazon to protect the security of sellers' funds in order to prevent customer accounts from being stolen.

Q: Why does Gleebill require me to provide Amazon store authorization?

A: According to the core requirements of the People's Bank of China for cross-border payment of funds, the transaction background of cross-border transactions needs to be restored. Gleebill needs your Amazon store information to ensure the authenticity of the trade background to comply with the regulatory review of the State Administration of Foreign Exchange. All cross-border fund transfers that do not provide transaction data are subject to regulatory security risks. Gleebill's partner bank is a large state-owned commercial bank, whose security and compliance requirements are the highest in the industry, and its services are also the safest. Your Amazon MWS information is protected by the privacy agreement. Gleebill will not disclose this information to any third party without your authorization.

Q: Is it safe to provide my registration information to Gleebill?

A: Gleebill has the highest level management system of financial institutions that has passed the national PCI certification. Your registration information will be strictly encrypted and protected after entering the Gleebill system. It will not provide your registration information to any organization or individual not related to the collection service, nor will it use business information for any other commercial purposes other than collection.

Q: How long does it take to withdraw RMB from my Gleebill account to my domestic bank card?

A: As long as your payment is credited to your Gleebill account, you can apply for withdrawal through the Gleebill merchant backend. After the withdrawal application is approved, it will arrive in your domestic bank account within 1-2 working days. The specific time limit depends on the bank card you have bound for withdrawal.

Q: How long does it take for funds from Amazon to be credited to my Gleebill account?

A: Amazon's transfer time depends on Amazon's clearing bank, which is usually 2-3 working days.

Q: How long does it take for me to be assigned a payment account after I register with Gleebill?

A: After you submit all the information according to the registration guide of the Gleebill system, Gleebill staff will complete the review and assign the payment account within 1-2 working days. You will be notified by email at that time. Sellers can log in to the Gleebill backend to view the account details.