E-Export

What are E-Export Methods of Receiving Foreign Payments? 2020

What are E-Export Methods of Receiving Foreign Payments? 2020

E-export enables more practical and easy implementation of trade between countries with many payment methods. With the B2C (Business to Consumer) trade model becoming widespread, the importance of e-export has also increased. Although international payment methods make it easier to trade between different countries, some situations can hinder e-exports.

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Payment by wire transfer/EFT, alternative payment by credit card, and payment via mobile applications are among the payment methods frequently used in e-exports. Companies and institutions greatly increase their e-export potential by getting support for e-export payment methods or cooperating with such platforms.

If you are thinking about E-Export and wondering about its advantages What is E-Export? You can read our article titled

Due to its ease of use and speed, credit card payment is the most preferred method for people today. However, the popularity of many different payment methods has pushed the use of credit cards for online shopping to the background in different countries.

Örneğin; Hollanda’da online alışverişlerde alternatif ödeme yöntemlerinin payı %70-75 seviyesindeyken, kredi kartı ile ödeme oranı %7-10 civarında seyrediyor. Bu oran Almanya’da %65’e %15 şeklinde şeklindedir. İngiltere, İtalya ve Belçika gibi Avrupa ülkelerinde de alternatif ödeme yöntemleri kredi kartından daha çok tercih edilir durumda. Bu durum, E-İhracat yapan birçok firmanın Avrupa’yı yakından takip etmesine sebep oluyor. Günümüzde birçok yerli şirket, mevcut ödeme sistemlerine alternatif ödeme alma yöntemlerini entegre ediyor.

Methods for Receiving Payments Abroad

What is PayPal?

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Paypalis a system that allows you to receive payments over the internet. If we define it in a more understandable way, just like Papara Card, Paypal can be called a kind of online wallet. With PayPal, it is not important to have a credit card when shopping securely online. In addition to shopping, it is a system that allows you to send money via e-mail. PayPal, which has a local website in many European countries as well as in the United States of America, works smoothly.

Why is PayPal Not Working in Turkey?

With the new decisions taken in Turkey regarding personal information and money transfers, one of these decisions is the requirement that 'if you store the information of a Turkish citizen and make money transactions, you have to do it through servers in Turkey'. This has become a requirement not only in Turkey but also in all European countries.

PayPal strictly refused to fulfill the conditions set by Turkey, credit card information, tax payments and transactions made by the people whose credentials it received, through servers located in Turkey, and the BRSA then canceled Paypal's license and terminated all its operations in Turkey.

Stripe What is it?

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Stripeis one of the best ways for online businesses to take online payments. Whether you run a marketplace platform, e-commerce store or e-export, Stripe's carefully designed APIs and functionality make it one of the best online payment processing platforms.

You can receive payments from all major debit and credit cards from customers in every country, including Visa, Master Card, American Express, Discover, JCB, Diners Club, China and UnionPay.

You can easily manage charges, fees, refunds and real-time information about transfers through Stripe's API and dashboard.

What is Coinbase?

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CoinBaseis a cryptocurrency exchange and cryptocurrency wallet platform that we have heard a lot about recently among bitcoin exchanges. Coinbase, Turkey It makes it easy to exchange Bitcoin, Ethereum, and Litecoin in many countries, including the United States. You can also get paid in different cryptocurrencies.

Payoneer What is it?

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Payoneer, is a payment receiving system that is accepted worldwide and serves with prices that can be considered economical for every sector. The Turkish language support for our country is an incredible opportunity for those who do not speak foreign languages. First of all, it is necessary to accept that Payoneer is a proven payment system. We can cite the use of Payoneer by Udemy and Clickbank platforms as an example, but it is not a very well-known payment receiving platform in our country because it is generally used for Amazon.

Conclusion:

We can say that the idea that credit cards are the only option in this age is slowly disappearing. E-export companies are integrating alternative payment platforms with changing customer models and payment styles. They can easily optimize their sales with alternative payment methods. If you are going to do E-Export, we definitely recommend you to research payment methods in depth. Please don't forget to leave your thoughts in the comments section...

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