What is WindPayer? WindPayer Review, Features

WindPayer is located in Hong Kong, Shenzhen and Fuzhou. It has US MSB qualifications and European EMI licenses. It is committed to customizing one-stop financial technology services for cross-border sellers, solving the difficulties of cross-border sellers in cross-border collection and payment, and assisting cross-border sellers to enter overseas markets in a more standardized, efficient, safe and convenient way.

About WindPayer

The founder of WindPayer has been deeply involved in the cross-border industry for more than 15 years and is well aware of the pain points of the industry. He hopes that WindPayer can save the majority of cross-border sellers time, effort and money, and strive to be the payment manager who understands cross-border sellers best.

WindPayer has Hong Kong MSO, US MSB qualifications and European EMI licenses, and has complete cross-border financial qualifications to ensure that the seller's capital flow is compliant and legal.

Products and Services

1. Cross-border e-commerce payment collection

(1) Content: Supports multiple platforms such as Amazon and eBay, and multiple currencies such as US dollars, euros, yen, and pounds. With a simple registration, you can enjoy a variety of collection and payment services.

(2) Fee rate: capped at 0.6%, transparent exchange rate, no hidden fees.

(3) Steps: Register a WindPayer account; support payment collection on Amazon North America, Japan, Europe, the United Kingdom, and eBay platforms; withdraw cash to a Hong Kong or mainland bank account through WindPayer.

(4) Advantages: safe and reliable; fast withdrawal; low cost; convenient operation; privacy protection; localized service.

2. B2B foreign trade payment

(1) Overview: Providing offshore account services for B2B businesses in cross-border enterprises (including cross-border e-commerce and traditional foreign trade). Users can directly make payments, exchange currencies, and other operations online.

(2) Content: Supports mainland companies and Hong Kong companies; applies for offshore accounts online without going through Hong Kong for review; supports withdrawals to enterprises or actual controllers of enterprises; can transfer funds to third parties to pay other expenses.

(3) Advantages:

① Low cost and easy account opening: No high agency fees for account opening, no need to purchase bank financial products or time deposits, no on-site review in Hong Kong, only online application, only bank account-related costs and fees are charged, no deposit fee and foreign exchange settlement fee are charged for transfer or withdrawal.

②Safe and reliable: Possessing US MSB license, European EMI license, and financial compliance, it ensures the safety of funds.

③Transparent exchange rate and convenient foreign exchange settlement: Bank of China (Hong Kong) real-time foreign exchange rate, which can be checked at any time; not subject to the USD 50,000 foreign exchange settlement limit, and no additional handling fees.

④Support global multiple currencies: Easily convert global multiple currencies, support mainstream currencies: RMB, USD, GBP, EUR, JPY, AUD, HKD, CAD, and NZD.

⑤7*24 customer service: Domestic localized service, customer service is online at any time and responds promptly.

3. Value-added services

(1) One-stop VAT services including VAT registration, declaration and payment.

(2) Traditional foreign exchange settlement and clearing services.

(3) Provide real-time and flexible foreign exchange products and share exchange gains with customers based on scale.

(4) Currency lock products (i.e. locking the exchange rate at that time).

0-Rate Project

1. According to news on February 19, 2019, WindPayer announced the launch of a year-round 0-fee project for the entire Amazon site.

2. Regarding the launch of this project, He Feng, Chairman of Windpayer, said that 0-fee rate is an inevitable trend in the development of the industry. On the one hand, there are many service providers entering the cross-border payment field in the past two years, and the industry competition has intensified. It is reasonable for the industry's leading payment providers to use their advantageous position to clean up the market through 0-fee rate. On the other hand, as the scale of the industry increases, new service providers with value-added service capabilities can also ignore the profits of the payment link and rely on more valuable value-added services to seize the market. WindPayer's 0-fee rate strategy belongs to the latter.

3. Regarding the changes in the entire market after the 0-fee rate, WindPayer said that although the time of capital flow is short, the management level can produce completely different benefits, which has a greater impact than the payment fee. In the past, the industry was not mature and the services provided by service providers were relatively simple. Now, service providers can provide comprehensive service solutions that combine multiple products or are customized for a single enterprise.

FAQ

Q: Which payment platforms does WindPayer support?

A: We currently support Amazon US, Japan, Europe (including UK) and all eBay sites. If there are new platforms in the future, we will inform you as soon as possible.

Q: Which bank accounts can WindPayer funds be withdrawn to? Which currencies are supported for withdrawal?

A: The withdrawal account supports the company bank account, the personal bank account of the legal representative, and the personal bank account of shareholders holding more than 25% of the shares. You can withdraw funds from WindPayer to China or Hong Kong. If you withdraw funds to China, the settlement currency is RMB; if you withdraw funds to Hong Kong, the settlement currency is the original currency of Amazon's deposit.

Q: Amazon requires me to provide WindPayer account proof, can you help?

A: We are happy to issue an account certificate for the WindPayer account you applied for. If you need one, please contact our customer service.

Q: How long does it take to withdraw funds from WindPayer account to bank card?

A: Whether you withdraw money to China or Hong Kong, we promise to process your withdrawal request within 1-3 working days, and the funds can be received on the same day at the earliest. In case of holidays, the withdrawal time will be delayed. We will continue to optimize the withdrawal time to help the funds reach your account as soon as possible.

Q: Will adding a WindPayer account to my Amazon store cause the store to be associated?

A: There will be no association. We cooperate with banks in various countries to open local bank accounts. The payment account assigned to each customer is independent, so you don’t have to worry about store association.

Q: How long does it take for the funds in my Amazon account to be transferred to my WindPayer account?

A: Amazon's transfer time is determined by Amazon's clearing bank, which is usually 1-5 working days. In this regard, no matter which payment method you use, there is no difference.

Q: Is there any exchange loss when using WindPayer to settle foreign exchange?

A: WindPayer provides a fixed exchange rate quotation every day, referring to the last exchange rate purchase price of Bank of China before 10:00 on the day of domestic cash withdrawal. You can log in to the official website of Bank of China to check the exchange rate at any time.