The most important demand for financial services from sellers of collection tools

Many enterprises have seized the new development opportunities of cross-border e-commerce and omnichannel payment processing launched their own brands at sea. However, compared with traditional foreign trade

Due to the large number of small and medium-sized sellers in the cross-border e-commerce industry, their financial service needs are more complex and specialized.

In terms of cross-border collection management, sellers not only need to consider product cost control issues, but also pay close attention to the soft capabilities of cross-border collection tools such as currency coverage and billing timeliness.

The third-party collection tools are recognized by sellers for their low threshold, low cost, short settlement cycle, and more convenient and efficient advantages, and have become a major collection method.

27.8% of cross-border sellers use third-party collection tools United International, accounting for the highest percentage. Overall, the top six collection agencies serve nearly 90% of customers, and the mainstream collection service camp is basically formed.

When cross-border sellers receive cash or conduct foreign exchange business, it is best to keep the exchange rate stable to avoid the negative impact of exchange rate fluctuations.

In order to better help sellers cope with exchange rate risk and reduce uncertainty in revenue costs, last year even international foreign exchange service products were available online through cooperation with banks and other authorized financial institutions.

The swap function is commissioned on the basis of fast trading to help sellers solve the problem of exchange rate management and achieve sustainable development.