Recommended: 8 Top-Rated Payment Apps for FinTech in 2025, Directly Accessible to Domestic Sellers

II. Core Advantages at a Glance

1. Airwallex

Local receiving accounts in 60+ countries, instant opening of accounts in 12 currencies including USD, EUR, GBP, SGD, and HKD;

Comes with a multi-currency Visa business card, allowing direct payment of advertising fees in foreign currency with 0 exchange loss.

2. PingPong

The first domestic platform to support "Amazon UAE AED original currency collection";

Tax compliance module directly connected to the electronic tax bureau, one-click VAT declaration.

3. Lianlian

Integrated with TikTok Shop, Shopee, and Shopify official APIs, with a payment success rate of 96%+;

Can open local accounts in "Japanese JPY/Indonesian IDR/Philippine PHP," essential for Southeast Asian shipments.

4. XTransfer

Focuses on B2B payments, supports MT103 remittance slips, facilitating reconciliation and tax refunds;

Hong Kong, Singapore, and US local accounts available within 2 hours, free of charge.

5. WorldFirst

Backed by Ant Group, 17 local receiving accounts, can be instantly transferred to Alipay;

Negotiable rates for large-amount currency exchange, with a minimum 0 fee.

6. Payoneer

Global ATM card + multi-currency balance, suitable for receiving sample fees and for freelancers;

Can be directly linked to Amazon, Lazada, and Fiverr backends with one click.

7. Zhihui'e

A direct subsidiary of Tencent Financial Technology, 0 account opening fee for Canadian Dollar, US Dollar, and Euro accounts;

Exchange rate based on Bank of China's current exchange rate, 24/7 self-selection of optimal exchange rate.

8. Stripe

Developer-friendly, can be embedded into independent websites with just 300 lines of code;

Supports 135+ currencies, displaying 20+ local payment methods at once (Apple Pay, Klarna, SEPA, etc.). III. 0-1 Account Opening Process (Taking Airwallex as an example, 90% of other platforms are similar)

1. Prepare Materials

Business license (Mainland China/Hong Kong acceptable)

Legal representative's ID card + facial recognition

Proof of real trade/store (store link, shipping invoice, platform backend screenshot - choose 1)

2. Online Registration

Download the "Airwallex" app on your mobile phone → Select "Business Account" → Fill in the Chinese and English names/address/equity structure

3. Compliance Questionnaire

Estimated monthly turnover, target market, main product categories, upstream and downstream payment methods (fill in truthfully, this affects the later credit limit)

4. KYC Video

Legal representative's 30-second video, reading a 4-digit verification code; the system automatically approves within 2 minutes.

5. Account Activation & Receiving Payments

After approval, go to "Receiving Payments" in the backend → "Add Currency Account" → Generate US/EU/UK local accounts with one click

Copy the account details to your Amazon/independent website backend to receive payments; the fastest is 5 minutes for funds to arrive.

The entire process is online, with no in-person interviews and no account opening fees; ordinary users can complete it in 30 minutes; large transactions (>US$1 million/month) will require additional financial statements, but the account can still be opened within 48 hours.

IV. Three Pitfalls to Avoid

1. Exchange Rate ≠ Cost: Some platforms advertise "0 transaction fees," but they inflate the exchange rate by 1-2%, resulting in a loss of over US$1,000 for every US$100,000 exchanged; prioritize platforms with a combination of "real-time mid-market exchange rate + low settlement fees."

2. Account Freezing: New accounts receiving large amounts (>US$50,000) are easily flagged by risk control; for the first deposit, it is recommended to keep it ≤ 30% of the average monthly turnover, and upload contracts/shipping documents. 3. Hidden Annual Fees: Hong Kong offshore accounts commonly have annual fees of over 10,000 HKD. XTransfer/Airwallex currently offer no annual fees, making them a priority option for "zero-cost" backup accounts.

V. How to Choose (by Business Scenario)

Conclusion

1. For "low fees + multi-currency wallet" – choose Airwallex directly, account opening in 30 minutes;

2. For "Amazon + VAT compliance" – PingPong or WorldFirst;

3. For receiving "traditional B2B payments + tax refunds" – XTransfer is the most hassle-free;

4. For "credit card processing + local wallet" – Stripe combined with Lianlian Pay as a backup channel.

Following the above 4 routes, open 2 main accounts + 1 backup account, which can basically cover 99% of payment scenarios.  You can then negotiate lower fees based on your transaction volume.