Shopify store opening tutorial-2022 Shopify website construction and operation guide complete 54 So much has been said before, so how should one choose a solution? In fact, from the cost comparison of the above three methods, it can be seen that the most economical way to collect payments through Shopify is to use Shopify Payment, followed by Stripe, and finally PayPal. However, for enterprises in mainland China, due to the impact of policies, neither Shopify Payment nor Stripe can be used directly. There is also a roundabout way. Considering that Stripe is allowed to operate in Hong Kong, China, you a Hong Kong bank account also issuing a Hong Kong DBS bank account through Payoneer.
Of course, this method is only an alternative. After all, independent websites mainly receive payments in U.S. dollars. When Stripe receives U.S. dollars, it will be forcibly converted into Hong Kong dollars, and there will be an exchange rate loss in the process. Finally, you have to exchange Hong Kong dollars into Vietnam phone number list RMB from Payoneer to return to China. Payoneer adds another 1.2% handling fee. Therefore, if you are just a new seller, or if you don’t have much expectation of sales, it’s simple and easy, just choose the Basic Shopify plan and choose PayPal, preferably the US version of PayPal, which can also waive the 35 handling fee.
If the collection volume exceeds USD 10,000, you can consider the Shopify solution and choose the Stripe method for collection. When the monthly sales exceed 16,670 US dollars, then register an American company to operate the Shopify independent station, choose the Shopify plan, use Shopify Payment to collect payments, the cost will be the lowest, and when the sales exceed 110,000, then switch to the Advanced Shopify plan . The topic of cross-border collection and payment is relatively complicated. To learn more about the specific details, it is recommended to read my other special website " Guide to Cross-border Collection and Payment " Enter the "Cross-Border Receipt and Payment Guide" website Other opening costs Other costs include domain name fees, Shopify business theme fees, Shopify business application plugin fees, and the biggest promotion fees.