Why Chinese Amazon Sellers Should Use Payoneer
In 2015 alone, E-commerce titan Amazon shipped well over 1 billion items to customers. If that doesn’t raise your eyebrows, think of the millions of merchants who reaped huge revenues from this sales. Sellers from outside account for well over 45% of all items sold on Amazon, a rate that has been on a gradual rise year after year.
Surge in Amazon Sellers
Years ago, Amazon set up a program well known to many Amazon sellers as FBA, which stands for Fulfillment by Amazon. Joining the program lets you sell to its estimated 50 million prime members who, to put it simply, are a pack of heavy shoppers. Who wouldn’t want that?
The allure to reach this section of customers explains the rapid rise of merchants on Amazon. 2014 witnessed a 65% growth in sellers, a pattern that repeated itself in 2015 which saw a 50% growth in new sellers.
Scot Wingo, executive chairman of ChannelAdvisor, remarks that in the six months running into September 2016, Amazon recorded a dramatic rise in new merchants, many of them Chinese merchants. Read more about that here. According to some projections, five years from now, e-commerce sales will likely hit $3.5 trillion due to the rapid rise of internet users the world over.
Growing Dominance of Payoneer as the Preferred Payment Option For International Amazon Sellers
In recent years, cross-border trade in Amazon has risen to include sellers in over 100 countries shipping orders to 185 countries. Barriers have been there before but thanks to Amazon’s enhanced cooperation with Payoneer (See Payoneer Selected by Amazon to Expand Cross Border Payment Options in Select Countries.), international sellers can now get paid locally even as they take their business to the world.
In widening its cross-border payment options, Amazon picked Payoneer which has now enabled sellers from 24 countries sell their goods and services to marketplaces in the UK, US, Italy, Germany, France and Spain.
Within Amazon Seller Central, Payoneer has been featured as a payment option for select countries. Sellers from reigning markets including China, South Korea, Japan, Taiwan and a couple of other few countries now have a way to receive Amazon disbursements straight into their account.
How Chinese Suppliers Can Benefit from Payoneer
Amazon executives, in an annual general meeting in Guangzhou, China with Chinese sellers mentioned that between 2014 and 2015, sales of Chinese sellers increased two-fold and as the previous year come to an end, the sales had increased almost ten-fold.
With that in mind, it isn’t hard to deny the role played by Payoneer in ensuring that both the sellers and buyers enjoy a simple and convenient payment option as they carry out their business. Payoneer lets millions of Amazon buyers from both emerging and developed markets to pay for goods and services easily and cheaply to merchants in leading markets such as China.
Amazon has even made things easier and simpler by letting Chinese sellers and other sellers within its Amazon Seller Central to directly sign up for Payoneer. Once you have your account fully registered, you will receive an online account that lets you collect Amazon disbursements which you can access through any local bank in China or whichever other country you are in. Alternatively, you can use the Payoneer MasterCard to withdraw money from your Payoneer account at any MasterCard branded ATM.
What’s more, it’s fast, secure, flexible and a preferred payment option not only for Amazon but also other giant corporations such as Google, Airbnb, Getty Images and many others.