Overseas Payments#
Some solutions after Gumroad closed the PayPal payment channel
💰 Overseas Payment Guide: Easily Receive Funds from Around the World!#
Want to reach global users with your products or services but unsure how to receive payments? Don't worry! This blog will provide you with a detailed introduction to mainstream overseas payment services and offer some practical tips to help you easily start your overseas payment journey! 🎉
🌎 Comparison of Overseas Payment Services#
Choosing the right overseas payment service is crucial. The following table will help you quickly understand the pros and cons of mainstream platforms:
| Features | PayPal | Stripe | Paddle | LemonSqueezy |
|---|---|---|---|---|
| Rates | 2.9% + $0.30 | 2.9% + $0.30 | 1.5% + 20p | 5%-7% |
| Supported Payment Methods | 💳 Credit cards, debit cards, bank transfers, PayPal balance, etc. | 💳 Credit cards, debit cards, bank transfers, PayPal balance, etc. | 💳 Credit cards, PayPal | 💳 Credit cards |
| Supported Countries and Currencies | 🌎 Multiple currencies and languages | 🌎 Multiple currencies and languages | 🌎 Relatively few, but supports multiple currencies and languages | 🌎 Relatively few, but supports multiple currencies and languages |
| Security | 🔒 High, provides financial transaction protection | 🔒 High, provides guarantees | 🔒 High | 🔒 Relatively low, lacks top security standards |
| Customer Service and Support | 📞 24/7 support | 📞 24/7 support | 📞 Weekday support | 📞 Weekday support |
💡 Initial Tips for Overseas Payments#
For individuals looking to start receiving overseas payments, the following suggestions can help you:
- Choose platforms that support registration for Chinese users: Platforms like Paddle and LemonSqueezy allow you to easily register and start receiving overseas funds.
- Register a company in Hong Kong or the United States: Once you have accumulated a certain amount of overseas income, consider registering a company in Hong Kong or the U.S. and use the company entity to open a Stripe account for lower rates and better services.
🏦 OCBC Bank Singapore: Easily Open Overseas Currency Bank Cards#
Want to conveniently manage overseas funds? The digital banking service of OCBC Bank in Singapore allows you to easily open overseas currency bank cards without leaving your home!
Card Opening Process and Precautions:
- Download the OCBC Digital app (App Store or Google Play).
- Follow the registration process and fill in the information; both domestic address and phone number need to be real.
- Use your ID number as the tax number.
- Stable employment and high income make it easier to pass the review; self-employment and low income carry risks.
🇭🇰 Considerations for Opening a Bank Account in Hong Kong#
If you choose to open a bank account in Hong Kong, be prepared for the following:
- Prepare relevant documents, such as passport, visa, proof of residence, etc.
- Understand the account opening process and requirements of Hong Kong banks.
- Have sufficient funds ready as a deposit for account opening.