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 don't know how to receive payments? Don't worry! This blog will provide you with a detailed introduction to mainstream overseas payment services and 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 United States 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? OCBC's digital banking 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).
- Fill in the information according to the registration process; 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.
🇭🇰 Precautions for Opening a Bank Account in Hong Kong#
If you choose to open a bank account in Hong Kong, you need to prepare the following:
- Prepare relevant documents, such as passport, visa, proof of residence, etc.
- Understand the account opening process and requirements of Hong Kong banks.
- Prepare sufficient funds as a deposit for opening the account.