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Cross-border Payment Solutions

Compare payment methods for accepting money from Chinese customers or paying Chinese suppliers. Real fees, real speeds.

Quick Comparison

Side-by-side fee and feature comparison

MethodFeeSpeedCurrenciesBest For
Alipay1.2-2.5%T+1~3141.3B+
WeChat Pay1.0-2.0%T+1~3131.2B+
UnionPay1.5-3.0%T+2~5MultiCard network
PingPong0.4-1.0%T+0~1MultiSellers
LianLian0.5-1.5%T+1MultiSellers
Airwallex0.3-1.0%Real-time34Businesses

Detailed Reviews

💙

Alipay Cross-border (支付宝国际)

by Ant Group (Alibaba)

Digital Wallet
Coverage
Global (200+ countries)
Fee
1.2% - 2.5%
Speed
T+1 to T+3

✅ Pros

  • 1.3B+ users worldwide
  • Supports online & offline payments
  • Good fraud protection
  • Well-documented API

⚠️ Cons

  • Requires Chinese business entity for domestic payments
  • Higher fees for cross-border
  • Chargeback process can be complex
Best for: E-commerce, online services targeting Chinese consumers
Getting started: Register at global.alipay.com, submit business docs, integrate API.
💚

WeChat Pay Cross-border (微信支付国际)

by Tencent

Digital Wallet
Coverage
Global (60+ countries)
Fee
1.0% - 2.0%
Speed
T+1 to T+3

✅ Pros

  • 1.2B+ WeChat users
  • Seamless Mini Program integration
  • Social commerce features
  • Growing international acceptance

⚠️ Cons

  • Tied to WeChat ecosystem
  • Less documentation in English
  • Requires technical integration
Best for: Social commerce, WeChat Mini Programs, travel & hospitality
Getting started: Apply through pay.weixin.qq.com, requires business verification.
🔴

UnionPay International (银联国际)

by China UnionPay

Card Network
Coverage
Global (180+ countries)
Fee
1.5% - 3.0%
Speed
T+2 to T+5

✅ Pros

  • Largest card network by cards issued
  • Accepted at 60M+ merchants globally
  • Traditional card payment experience
  • Strong in Asia Pacific

⚠️ Cons

  • Lower acceptance in some Western countries
  • Higher processing fees
  • Less modern API experience
Best for: Retail, hospitality, travel businesses
Getting started: Partner with payment processor that supports UnionPay.
🏓

PingPong (乒乓跨境)

by PingPong Global Solutions

Payment Platform
Coverage
US, EU, Japan, etc.
Fee
0.4% - 1.0%
Speed
T+0 to T+1

✅ Pros

  • Very competitive fees (as low as 0.4%)
  • Fast settlement
  • Multi-platform support (Amazon, Shopify, etc.)
  • Tax compliance features

⚠️ Cons

  • Primarily for e-commerce sellers
  • Limited to business accounts
  • Newer company (founded 2015)
Best for: Cross-border e-commerce sellers, Amazon FBA
Getting started: Register at pingpongx.com, verify business identity.
🔗

LianLian Pay (连连支付)

by LianLian Global

Payment Platform
Coverage
US, EU, Southeast Asia
Fee
0.5% - 1.5%
Speed
T+1

✅ Pros

  • Good e-commerce platform integration
  • Competitive exchange rates
  • Virtual bank accounts in multiple countries
  • Strong in Southeast Asia

⚠️ Cons

  • Limited payment collection methods
  • Customer support can be slow
  • Verification process takes time
Best for: Cross-border e-commerce, marketplace sellers
Getting started: Register at lianlianpay.com, complete KYC verification.
✈️

Airwallex (空中云汇)

by Airwallex

Fintech Platform
Coverage
Global (50+ countries)
Fee
0.3% - 1.0%
Speed
Real-time to T+1

✅ Pros

  • Multi-currency business accounts
  • Real-time FX rates
  • API-first approach
  • Boarding passes (virtual cards)
  • Well-funded (backed by Tencent, Salesforce)

⚠️ Cons

  • Not available in all countries
  • Transaction limits for new accounts
  • Premium features are pricey
Best for: Startups, SaaS companies, businesses needing multi-currency accounts
Getting started: Sign up at airwallex.com, verify identity and business.

Which One Should You Choose?

Quick decision guide based on your use case

🛒 Selling to Chinese Consumers

You need to accept payments from customers in China.

1st:Alipay Cross-border
2nd:WeChat Pay Cross-border
Both together for maximum coverage

📦 Cross-border E-commerce

Selling on Amazon, Shopify, or other platforms.

1st:PingPong (lowest fees)
2nd:Airwallex (multi-currency)
Use LianLian for SE Asia markets

🏢 Multi-currency Business

Need to manage multiple currencies and pay suppliers.

1st:Airwallex (best overall)
2nd:PingPong (cheaper)
Airwallex offers virtual cards & FX

🏨 Travel & Hospitality

Serving Chinese tourists or travelers to China.

1st:Alipay (widest acceptance)
2nd:WeChat Pay + UnionPay
Offer all three for best experience

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