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The international situation is volatile, mature markets are saturated, and inflation remains high. In 2023, the global economy is still in an "unbalanced stage" marked by unfavorable economic growth and inflation. Frequent logistics failures and tightened platform supervision are causing numerous difficulties. However, even though the cross-border industry is facing many difficulties, various data show that the number of people joining the cross-border e-commerce wave has increased rather than decreased. It is learned that nowadays, there are more than 100,000 cross-border e-commerce entities in China! Data from the Ministry of Commerce show that as of May 31 this year, China has established 165 cross-border e-commerce comprehensive pilot zones, covering 31 provinces, autonomous regions and municipalities across the country. The scale of cross-border e-commerce imports and exports has increased significantly, and the proportion of cross-border e-commerce in foreign trade has increased from less than 1% five years ago to about 5% at present. MarketplacePulse reported that in December 2022, the sales share of Chinese sellers on Amazon's US site returned to a historical high. In addition to Amazon, the proportion and share of Chinese sellers on other e-commerce platforms are also rising rapidly. Many mainstream and emerging e-commerce platforms regard Chinese sellers as key recruitment targets. ▲ Image from MarketplacePulse The above data directly shows that the huge market potential of the cross-border industry is far more attractive to players from all walks of life than those difficulties. The domestic cross-border e-commerce industry is developing at a rapid pace, creating a large number of overseas gold mining opportunities.In the era of cross-border involution, how can we stand out? The rapid development of the industry is also accompanied by increasing pressure. Nowadays, the competition in the cross-border e-commerce track has entered an unprecedentedly fierce stage. Whether it is platform e-commerce or independent website, "cost increase" has become one of the hottest keywords. According to the latest data from MarketPlacePulse, in 2022, sellers' operating costs on Amazon accounted for more than 50% of their sales revenue, which is 10% higher than five years ago. As the number of sellers increases, Amazon's advertising bidding costs are rising. ▲ Image from MarketplacePulse In addition to the increase in advertising costs, more and more sellers and service providers have also felt the surge in logistics storage fees and supply chain costs . These accumulated expenses have caused sellers' profit margins to shrink continuously, becoming a major obstacle to the development of businesses. For advertising agencies, logistics service providers and other organizations that provide cross-border services to clients, rising service costs may make it difficult to continue to provide high-quality services to clients, thereby affecting their own sustainable development capabilities. At this time, it is particularly important to have a payment solution that can effectively reduce costs and increase efficiency . "Airwallex Pay Cloud Payment" came into being. As a new payment method launched by Airwallex, "Airwallex Pay" can effectively help sellers and service providers in the cross-border ecosystem save unnecessary payment costs, enhance the linkage capabilities of the cross-border ecosystem, save costs for sellers and service providers, and create greater value. Through Airwallex Pay, merchants, service providers and platforms within the Airwallex ecosystem can complete fund collection and payment more conveniently, at a lower cost and faster than with traditional payment links. If your customers are concentrated in industries such as cross-border e-commerce, foreign trade, and overseas gaming, and you provide advertising agency, logistics warehousing, tax agency, supply chain and other services, then adding Airwallex Pay as an acquiring payment method will allow your customers and partners to pay you more conveniently . In the future, AirCoin will also support account balance transfers between AirCoin users. Users can pay other users in the network through AirCoin with just a few clicks, overcoming the low efficiency and high cost of traditional networks. Airwallex Pay Cloud Payment? Reduce costs, with the acquisition cost as low as one-tenth of credit card Airwallex Pay’s acquiring costs are as low as one-tenth of those of credit cards and e-wallets. Encouraging customers to pay with Airwallex Pay can significantly reduce the overall acquisition costs. Increase revenue and provide customers with a better payment experience ●Excellent cost-efficiency - Airwallex Pay’s payment rates are significantly lower than bank card payments or bank transfers ●Easy to operate - customers do not need to enter their bank card number or switch to the online banking interface to transfer money. With just a few clicks, customers can complete the payment ● Payment in original currency - Customers can pay you in the original currency in their Airwallex wallet without the need for unnecessary secondary exchange A smooth and frictionless experience and favorable transaction costs can boost customers’ purchasing motivation and increase payment conversion rates. Instant payment, direct payment to overseas suppliers Airwallex Pay allows merchants to collect payments instantly and provide services immediately. After settlement, payments can be made directly to overseas suppliers through currency exchange, global payments, and Airwallex Visa card account capabilities, improving end-to-end capital flow efficiency. Convenient reconciliation, one-stop integration of transaction links and information Airwallex Pay transactions will be included in transaction and statement reports together with other bank card or local payment method transactions, providing a convenient reconciliation experience. Compared with other payment methods, Airwallex Pay can reduce costs and improve efficiency for both payers and payees, achieving a win-win situation for the ecosystem. ▲ Swipe left and right to view the detailed advantages of Airwallex Pay How to access Airwallex Pay? Airwallex Pay Cloud Huitong supports a variety of efficient docking methods: ●Global acquiring. Supports multiple docking modes such as hosted pages, core components, native API docking, etc., and can be flexibly and seamlessly integrated with your existing payment experience. ● Payment link. No development is required. You can directly generate a payment link through the Airlink client and send it to customers in any form such as email or SMS. Customers can easily pay with their account balance by simply providing Airlink in the payment method option. If you are already an Airwallex user, please contact your account manager to connect you to Airwallex Pay. To learn more about Airwallex Pay and how it can help you reduce business costs and increase revenue, please scan the QR code below to contact your Airwallex account manager!
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