What is OnerWay

OnerWay is a platform that focuses on providing low-cost and high-efficiency collection and payment services for Chinese cross-border e-commerce companies on overseas platforms. It is an international collection service platform under Ronghan International Group. The company has many years of background in international card acquiring and third-party payment services.

Business Scope

1. Cross-border payment collection;

2. European VAT registration and payment services;

3. Logistics and overseas warehouse discount services;

4. International card acquiring business;

5. Financing and loan business;

6. Payment services for overseas advertising, logistics, technical services, etc.

Advantages

1. Low rates: competitive service rates; highly transparent currency conversion; no hidden fees;

2. Trustworthy: Funds are subject to dual supervision by financial regulatory authorities and banks in China, the United States, and China and the United Kingdom;

3. Fast withdrawal: The fastest withdrawal time is T+0. For users who want to withdraw in RMB, the minimum withdrawal amount is USD 50; for users who want to withdraw in USD, the minimum withdrawal amount is USD 10,000.

4. Convenient management of multiple stores, support for domestic and foreign corporate and personal account registration; one-click cash withdrawal for multiple stores;

5. More value-added services: international card acquiring; financing and loans; European VAT registration and payment; payment of overseas advertising, logistics, technical services, etc.; enjoy preferential prices from cooperative logistics companies.

Supported Sites

Amazon North America, Europe, and Japan

cost

All fees for cross-border collection are capped at 0.9%, with no exchange losses or any hidden fees.

Safety and security

·Has obtained the financial services license issued by the Financial Conduct Authority ("FCA") of the United Kingdom - PI license, and is regulated by the Financial Conduct Authority of the United Kingdom;

·Has obtained the financial services license issued by the Financial Crimes Enforcement Network ("FinCEN"), a U.S. financial regulator - the MSB license;

·It has obtained the Financial Services License - MSO License issued by the Hong Kong Customs and Excise Department and is supervised by the Hong Kong Customs and Excise Department.

Development History

-In 2011, founder Li Min established Ronghan International, with its headquarters located in Shanghai, China's financial center.

-In 2015, Ronghan International began to expand its global presence, establishing subsidiaries in the European financial center of London, UK, and the Asian financial center of Hong Kong.

-The US subsidiary was established in 2017. In addition to Chinese e-commerce sellers and cross-border enterprises, customers also include companies and individual users in the UK, the Netherlands, Switzerland, Germany, Italy, France, the US and other countries.

-In October 2017, OnerWay Finance received special funds from the 2017 Shanghai Cross-border E-commerce Demonstration Park to support the development of the cross-border e-commerce industry.

-On April 20, 2018, Wanwei Europe payment collection service was launched.

-On July 12, 2018, OnerWay’s payment service for Amazon Japan was launched.

FAQ

Q: What information do I need to prepare to register an OnerWay account?

A:

1. Corporate users (mainland China): 1) Email and mobile phone number used to register the account; 2) Scanned copy or photo of the company's business license; 3) Front and back of the legal person's ID card; 4) If the application is submitted by an agent, the agent's ID card, front and back, photo of the agent holding the ID card, and corporate authorization letter must also be uploaded. The agent must sign the authorization letter, which must be stamped with the company's official seal or financial seal (contract seals or business-specific seals are invalid); 5) "Registration Form for Foreign Trade Operators"; 6) Authorization information for e-commerce platform stores.

2. Corporate users (Hong Kong, China): 1) Email and mobile phone number used to register the account; 2) Scanned copies or photos of the company's articles of association, business registration certificate, and company registration certificate; 3) The front and back of the legal representative's ID card; 4) If the application is submitted by an agent, the agent's ID card, front and back, a photo of the agent holding the ID card, and a corporate authorization letter must also be uploaded. The agent must sign, and the authorization letter must be stamped with the company's official seal or financial seal (contract seals or business-specific seals are invalid).

3. Individual users (mainland China): 1) Email address and mobile phone number used to register the account; 2) Front and back of ID card, and photo of the ID card in hand; 3) Authorization information of the e-commerce platform store.

Q: What exchange rate does OnerWay refer to when withdrawing money?

A: The withdrawal application initiated during bank working hours is calculated based on the spot exchange purchase price at the time of settlement on the same day. The withdrawal application initiated outside working hours is calculated based on the spot exchange purchase price of T+1 (i.e. the next working day). After the withdrawal is completed, the withdrawal exchange rate will be displayed in the withdrawal details.

Q: How long does it take for funds to be transferred from Amazon to the OnerWay platform?

A: The time for Amazon to receive funds is set by the platform. The time required to transfer funds to OnerWay accounts through the US ACH (Automatic Clearing House is the main system for processing bank payments in the United States) is exactly the same as that required to transfer funds to other cross-border payment platform accounts. Users can log in to their OnerWay accounts anytime and anywhere to check the progress of the funds. According to empirical data, it takes 3-5 working days from the merchant receiving the payment email from the e-commerce platform to OnerWay confirming the payment.

For more FAQs, please visit the OnerWay official website Help Center.