What is SHOUQAIYI? SHOUQAIYI Review

About Skyee

Skyee is a licensed money operator in Hong Kong. With Hong Kong as its global trading center, Skyee integrates the local clearing network of global banks and domestic licensed payment institutions to provide customers with overseas local accounts, real-time exchange rate management and global clearing tools to comprehensively improve the global capital operation efficiency of cross-border trading companies and reduce foreign exchange risks.

·To date, Skyee has provided cross-border settlement services to more than 10,000 corporate users, with the platform transaction volume exceeding 10 billion. Skyee is one of the top ten payment companies in Guangdong Province and a key innovative cross-border payment collection company supported by Guangzhou City. It is regulated by the US and Hong Kong governments and is safe and compliant. It is the first and only company in the industry to adopt a transparent withdrawal exchange rate, promoting industry change.

Products

1. E-commerce payment collection

Supported platforms: Amazon, eBay, Cdiscount.

Supports 4 currencies: USD, EUR, JPY, GBP.

Advantages:

(1) Low cost: The rate is capped at 0.5%, the best rate in the market;

(2) Favorable exchange rate: one exchange rate per day, the last exchange rate before 10:00 am of the Bank of China;

(3) Multiple stores: one wallet, multiple stores, unified management;

(3) Easy to operate: online management, with clear background details;

(4) Fast withdrawal: the funds can be withdrawn on the same day at the earliest, accelerating capital turnover;

(5) Fast response: Domestic local customer service will help you solve your questions quickly.

2. Foreign trade collection (offshore account)

Account type: Hong Kong offshore account, receiving wire transfers.

Supported currencies: Offshore Chinese Yuan (CNH), Hong Kong Dollar (HKD), US Dollar (USD), Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), New Zealand Dollar (NZD).

Advantages:

(1) Simple requirements: no deposit or financial management is required, and no witness is required for account opening;

(2) Convenient operation: Apply online without leaving home;

(3) Quick account opening: Get an account on the same day at the earliest;

(4) Convenient exchange settlement: not subject to the USD 50,000 limit and no additional handling fees;

(5) 9 currencies for payment: RMB, USD, EUR, GBP, etc.

(6) Transparent exchange rate: Bank of China (Hong Kong) provides real-time foreign exchange rates, which can be checked at any time.

3. VAT payment service

Covering Amazon sites: all European sites.

Usage process:

Step 1: Calculate taxes based on sales and report to the tax bureau. The UK pays taxes quarterly, while Germany pays taxes monthly.

Step 2: Remit the tax to the tax bank and remit it to the bank according to the amount.

4. Supplier clearing service

Model: Based on the capital inflow, exchange and clearing needs generated during the export and foreign exchange collection process of enterprises, Skyee, as a licensed foreign currency exchange and remittance institution, cooperates with the licensed payment companies authorized by the People's Bank of China and overseas financial institutions to provide enterprises with one-stop services for full compliance of capital clearing and exchange rate management. (One-stop service: collection → exchange → global payment)

Features:

(1) More compliant: All cross-border transactions are completed by licensed payment companies or overseas financial institutions authorized by the People's Bank of China, in line with the requirements of corporate formalization and financial auditing. When funds enter the country, related transactions are reported through payment companies for foreign exchange, serving foreign exchange regulatory requirements.

(2) More convenient: All transactions except the first contract are completed online; one-stop service for collection → currency exchange → global payment, customers only need to trade with Skyee; saving time (time limit T+1), cost saving, and simplifying financial work.

(3) More favorable fees

· Clearing fee: 0.1~0.2% for entry, 0.2% for exit (minimum 200RMB/time);

·Transparent exchange rate: Bank of China (Hong Kong) real-time foreign exchange rate, transparent and visible.

(4) Financial compliance guidance: Senior financial specialists will assist your company’s financial personnel in formalizing their compliance.

FAQ

Q: Is Skyee's funds subject to a USD 50,000 foreign exchange settlement limit in the country?

A: Skyee is the exclusive domestic agent of cross-border payment companies authorized by the central bank. Foreign exchange settlement through the Skyee platform is not subject to the domestic settlement limit of US$50,000.

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

A: Amazon's transfer time is determined by Amazon's clearing bank, which is generally 3-5 working days. In this regard, there is no difference whether you use different payment tools.

Q: How long does it take to withdraw funds from my Skyee account?

A: Whether you withdraw money to China or Hong Kong, Skyee promises to process your withdrawal request within 1-3 working days. In case of holidays, the time limit will be delayed.

Q: Why does Skyee need me to provide the authorization code of the Amazon store?

A: Restoring the transaction background of cross-border transactions is a core requirement of domestic regulatory authorities for cross-border payment of funds. In order to ensure transparency and compliance, Skyee needs to retain relevant transaction background certificates. The authorization code of your Amazon store is only used to verify the authenticity of the trade background. Your authorization code will not be used for any other commercial purposes.

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

A: There will be no association. Skyee cooperates 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: Why was my change of Amazon store payment account subject to review?

A: Any seller who changes their store payment account number will need to be reviewed by Amazon. This is an important measure taken by Amazon to protect the seller's funds in order to prevent customer accounts from being stolen.