PayPal can be bound to Shopify to collect funds from sellers who independently build their own websites, it strictly requires the company's corporate account to submit a business license and legal person ID card, and only into the company's public account. Various measures have proved the importance of compliance in cross-border collection business. Choose PayPal or Stripe? A comprehensive interpretation of the comparison of the two major collection tools for cross-border e-commerce independent stations 24 So, whether it's PayPal or Stripe, always remember.
compliance . Is there a way to collect money on an independent self-built website, which is compliant and professional and saves money? Here I have to mention the article " Registration of an American company for $139, you read that right, you don't have to worry about those troublesome things when you use an mobile number list American company to do cross-border e-commerce " a few days earlier . As a professional cross-border e-commerce seller, the practical value of the US company companies and mainland Chinese companies. After registering a U.S. company, you can legally obtain the EIN employer identification number, which is the federal tax ID number, and you can legally open a Payoneer U.S. bank account, and you can also witness the opening of a U.S. bank account in some foreign banks in China.
You can legally open PayPal (non-Americans have ssn requirements), Stripe and other accounts. Of course, the more important thing is that there is no $35 cash withdrawal fee when using PayPal of an American company, and there is no exchange rate loss from converting U.S. dollars to Hong Kong dollars, which can save a lot of collection costs and shorten the collection time. I need to remind here that although American companies can register for American PayPal business accounts, there is also a troublesome thing, that is, they require SSN social security numbers. This is quite ridiculous. American companies opened by foreigners obviously do not have SSN numbers, but The US company status is legal and compliant.