1. What is World Pay
World Pay is the official cross-border payment solution co-developed by 1688 and WorldFirst and designed specifically for international buyers outside Mainland China. It provides a secure, transparent, and hassle-free way to pay on 1688 — without the complexities of traditional payment methods.
2. What can World Pay do (positioning, value, advantages)
- Positioning
- Enables international buyers to pay for 1688 purchases using major international currencies, facilitating direct procurement
- Value
- World Pay’s services are dedicated to solving the payment challenges faced by international buyers on 1688. Through a secure and compliant payment process, they help buyers complete transactions efficiently, reduce procurement costs, and enhance overall purchasing efficiency
- Advantages
- Officially promoted, safe & compliant
- World Pay is an official payment solution jointly launched by 1688 and WorldFirst, ensuring secure and compliant fund usage, giving international buyers peace of mind
- World Pay seamlessly integrates with 1688, allowing buyers to link their 1688 ID to their WorldFirst account, ensuring fully compliant fund transfers and effortless cross-border payments
- Transparent & Competitive Fees
- World Pay provides currency exchange service, allowing buyers to pay in major international currencies while sellers receive RMB. It offers highly competitive exchange rates and transparent fee structures with no hidden charges
- Buyers benefit from cost-effective transaction fees and favorable exchange rates, maximizing their purchasing power
- Convenient & Efficient Procurement
- International buyers can directly use major international currencies to pay on 1688 without needing a Chinese bank account, significantly improving convenience and efficiency
- There are no payment limits, meeting the large-scale procurement needs of 1688’s cross-border buyers
- Officially promoted, safe & compliant
