Withdrawal takes only 4 hours. Alibaba International Station officially launches Alibaba.com Pay cross-border payment service

Cross-border foreign trade has new benefits! Reporters learned that Alibaba International Station has officially launched the funding service " Alibaba.com Pay " (hereinafter referred to as "Ali ACP") , which mainly serves B-side small and medium-sized merchants engaged in cross-border foreign trade business, and aims to build a world-leading B-side cross-border funding solution.

According to relevant practitioners, the service is now fully open, and users who are not old members of Alibaba International Station can also register and use it quickly with one click. This is due to the financial capacity accumulated by Alibaba International Station over the years of experience in serving export merchants .

It is understood that the long chain of cross-border trade operations will bring about many complex problems. Among them, the collection and settlement of funds is the final closed loop of a cross-border foreign trade business. How difficult is it for cross-border foreign trade companies to " put their funds in their pockets "? To use a popular saying now: DDDD (those who understand will understand).

The objective complexity of traditional cross-border payment and collection is reflected in the risk management of capital transactions, exchange rate fluctuations, cash withdrawal time, and safe entry . Whether the payment can be secured has become one of the potential risks for many foreign trade companies in the entire foreign trade business . This risk has always been a historical "legacy" problem facing foreign trade merchants, both in terms of protecting the interests of foreign trade merchants and in terms of the uncertainty and turbulence of foreign trade merchants in the entire business .

Traditional cross-border payment collection methods are very complicated, whether it is the slow arrival of wire transfers, uncertain high exchange losses, or the high risks of offshore bank accounts, difficulty in opening accounts, difficulty in entering the country, easy closure, difficult maintenance, and expensive fees. The complexity of cross-border payment collection was once considered by the cross-border foreign trade industry to be an unsolvable industry problem.

Since such industry problems have existed for many years, the cross-border foreign trade industry usually does not expect that the Chinese foreign trade industry will have a " safe, low-cost, fast and easy-to-operate " cross-border payment service.

In order to stabilize foreign trade exports, help merchants expand digitally, and embrace the era of high-quality foreign trade, Alibaba International Station has been actively exploring industry service upgrades for cross-border capital transactions among comprehensive foreign trade services.

Alibaba ACP is a cross-border fund service launched to address the above industry pain points of cross-border payment and collection. Specifically, it is designed to solve several major problems facing foreign trade companies: how to reduce risks? How to reduce costs? How to improve efficiency ? How to ensure security?

First, how can you receive payments safely and securely? Security compliance, anti-fraud and privacy protection are all available

According to staff at Alibaba International Station, Alibaba ACP has chosen to cooperate with many well-known financial institutions at home and abroad, such as CITIC Bank, and uses a variety of digital technologies to ensure the security of cross-border fund transactions, and provides foreign trade merchants with comprehensive protection in the following three aspects.

Stable security guarantee, legal and compliant guarantee of fund safety , support for domestic and foreign currency withdrawals and foreign exchange settlement declarations.

Full privacy protection. Alibaba's enhanced encryption measures for digital technology strictly protect customer information and transaction security.

Comprehensive anti-fraud protection. The professional cross-border fund settlement risk control team has created a leading and intelligent cross-border fund risk control model to effectively identify various types of fraud.

Second, how to collect payments at low cost? Exempt from many miscellaneous fees, withdrawal fee as low as 0.125 %

It is understood that when a foreign trade enterprise opens a cross-border fund collection account, it usually involves a variety of fees, including account opening fees, maintenance fees, account entry fees, and management fees. However, these fees are not included in Alibaba's ACP service.

In addition, Alibaba ACP can also be linked to the credit guarantee orders created by customers on Alibaba International Station. The real-time and transparent exchange rate guarantee of authoritative financial institutions prevents exchange rate damage from occurring.

As for the only withdrawal fee, it is also as low as 0.125%. If the withdrawal exceeds 300,000 USD in the month, the platform will directly provide free withdrawal for the excess amount.

Third, how to receive money faster? Same-day remittance, fastest same-day arrival, cash withdrawal takes only 4 hours

Faster registration and opening. Cross-border trade merchants can register and open an account online with one click, and can enjoy the service of the receiving account immediately on the day of registration.

Faster fund arrival. Whether it is a remittance from a European customer or a US customer, you can use a local currency account to receive the payment. The fastest way is to make the remittance on the same day, and the funds will arrive on the same day. After the order is reviewed, you can withdraw the funds immediately.

Faster withdrawals. RMB withdrawals generally arrive in 4 hours, with the fastest possible arrival time in real time , and no additional handling fees are charged.

Fourth, how to collect payments across platforms? One-stop management of multi-platform order collection

Cross-platform barrier-free. With just an Alibaba International Station ACP account, you can receive cross-border remittances from overseas customers. One-stop management of multi-platform order collection is no longer a legend.

It can be said that the ACP service launched by Alibaba International Station is a package of funds collection and payment services launched based on the Chinese foreign trade industry for cross-border foreign trade .

Through Alibaba International Station, we learned that the industries and merchants served by Ali ACP are being further expanded. Including those overseas customers of Ali International Station, Chinese foreign trade suppliers, and social foreign trade merchants, they can now enjoy the services of Ali ACP at any time.

In fact, before the official launch, Ali A CP had been online for more than half a year since August last year. So far , the scale of foreign exchange receipts of Ali A CP services has exceeded US$1 billion, and the number of customers served has exceeded 35,000 .

For Chinese merchants going overseas, cross-border payment collection and speed and peace of mind have now found a real intersection of experience for the first time.

Alibaba International Station

Ali

Foreign trade comprehensive service platform