How To Open An Alipay Business Account For 1688: A Simple Guide For Foreigners
How to open an Alipay business account on 1688
Is Alipay Business Acceptable in the Following Countries?
The ability to open an alipay business account is not available to every foreigner. For the time being, Alipay Business only allows for the registration of companies with the identities of those based in specific countries and regions. The Alipay business for 1688 service will only be available in the following 13 countries and regions as of March 2022:
Hong Kong is a city in the People's Republic of China.
South Korea is a country in East Asia.
New Zealand is a country in the Pacific Ocean.
It is important to note that just because this is the location where your company is registered does not imply that you must be a citizen of one of these countries. You can open an Alipay business account in any of these locations as long as you have a legally established company in that location. They provide support for two types of businesses, namely, sole proprietorship and partnership.
2. Open an Alipay Business Account (recommended).
To access the account registration page, please click here. The process of creating an account is very straightforward; the English interface is identical to the one we are used to using to create accounts on other websites. registeralipaybusiness1
3. Confirm that your Alipay Business Account is operational. Documents that must be prepared
During the verification process, you will be asked to upload a number of documents. The following are examples of the types of documents that may be required: Copies of the documents relating to the formation of the company (e.g. registration certificate, business license, etc.) a copy of the articles of incorporation for the corporation Copies of the company's annual inspection report are available upon request (e.g. NAR1, NNC1, etc.) Company directors or legal representatives must provide photocopies of their identification documents (e.g. ID card, passport, etc.) Individual shareholders who own more than 25 percent of the company's stock must provide identification documents (if any, please prepare)
Page 1 of the Verification Process
You will be redirected to a 1st verification page after you have completed the registration process; if this is not the case, you can access the page by clicking here to go to the account verification page. There are four options on this page, which you can select according to the situation of your company, and then click "Apply" to proceed to the second verification page. Page 2 of the Verification Process The second verification page has been divided into four sections, which are as follows: Attachments to the Base Information Contact Person Director Beneficial Owner Information on the Ultimate Beneficial Owner
Basic Information is presented in Section 1.
Filling out this section will require you to provide some basic information about your company. The fields you see will differ depending on the type of company you have and where it was registered. They will ask you to upload some company documents, which will vary depending on where your company is registered. When you click on "View Sample," you will be taken to a page with some sample documents that you must upload. Fill out this form with the contact information for your company. a second contact person in Section 4 of the contract Fill in the blanks with the information about the company's director If your company has other shareholders who own more than 25% of the company's stock, you will need to include their information in this section, as well. After you have completed the fields on this page, click Next to read the Agreements, and then click 'Submit' to send your information to the site administrator for processing. You will receive an email containing the results of your account registration. It takes them approximately 2-3 business days to review the information you submit to them. If your information is accepted, you will receive an email from the company informing you that your account has been authorized. approvedemail Setup Payment Password and Currency Configuration To log into your account, either click on the login link in the email or click here to log into your account.
Then, in the lower right corner of the screen, click the Manage button to be taken to the UserCenter. For newly registered users, a page will appear before you can access the user center, prompting you to enter the payment password you wish to use for your account. password for alipaypayment On the following page, you will be asked to select the currency that will be used in your account. So far, they support the following currencies: JPY, EUR, GBP, AUD, USD, RMB, and HKD. currency You will be in the user center once all of the configurations have been completed. You now have an Alipay business account that has been verified!
4. Creating a link to a 1688 account
After that, we'll need to start getting ready for the payment on 1688.com. The first thing we need to do is link a 1688 account to an Alipay commercial account. According to the official documentation, you are not required to link your Alipay business account to your own 1688 account, so I assume that linking your Alipay business account to someone else's 1688 account is permissible. To access the settings page in the user center, select "KJB()" from the left-hand column of the screen. On the settings page, select "open now()" from the drop-down menu. On the following page, you must enter the 1688 account that you wish to link to, and then click "next()" to proceed. It means that your alipay business account has been successfully linked to your 1688 account, and you are just one step away from making a purchase directly on 1688.com when you see this page. As previously stated, an Alipay business account can be linked to multiple 1688 accounts; therefore, if you wish to link another account, simply repeat the process described above.
5. Make a deposit into your Alipay Business Account.
We now need to complete the final step, which is to fund your account. You must make certain that you have sufficient funds in your account to cover the cost of your 1688 order. At the moment, Alipay provides two options for topping up your account: International payments companies such as Worldfirst, Payoneer, PingPong, and LianLianpay accept bank deposits. The currencies that they support for topping up include the following: JPY, EUR, GBP, AUD, USD, RMB, and HKD.
Transfer of Funds to Your Bank Account
When you use Alipay, you will be provided with the appropriate virtual bank account based on the registered area of your company; all you need to do is transfer the money to this virtual bank account. On the home page of the user center, select "topup()." If you are using it for the first time, you will be presented with a page that instructs you on how to create a virtual bank account. At the bottom of the page, click on the blue "add account()"button to complete the process. At this point, you will be presented with a pop-up page that will allow you to select the currency and bank account that will be added to your account.It will allow you to add the account number from Standard Chartered Bank or Citibank if your Alipay business account is registered with a Hong Kong company, for example. Following your selection, you will be directed to a page that contains your bank account information.
To the right of the screen, click on the down arrow.
Your receiving bank account information, including bank name, account name, account number, and so on, will appear after that. Ensure that the bank code and branch code are included in the funds transfer when transferring funds. topup5 Make a Top-Up Payment Through an International Payments Company
If you are an online seller, you may be familiar with international payment companies, which allow you to accept e-commerce payments from customers in different countries all over the world through your website. Alipay enables you to transfer money from those companies to your Alipay account, from which you can make purchases on 1688 directly. They currently support four international payment companies, all of which are based in the United States.
Worldfirst \sPayoneer \sPingPong \sLianLianpay
These businesses can be contacted through their customer service departments and informed of your desire pay and purchase on 1688. They will provide you with the assistance you need to complete your top-up transaction. Ant Group, Worldfirst, and Alipay are all controlled by the same company, and they have strong business ties. If you have a business account with Alipay, you can link it directly to your worldfirst account and transfer money between your worldfirst and your alipay accounts in mere seconds. Considering how closely associated worldfirst is with Alibaba, I was wondering if it might be possible in the future for you to transfer money directly from your worldfirst account to your China suppliers' Alipay accounts. If you are a business that accepts cross-border e-commerce payments and are interested in making a purchase on 1688.com, please read on. Worldfirst is most likely your first and best option when it comes to transferring money to your alipay business account.
Calculate the value of your currency in RMB.
Although you can transfer funds to your alipay business account in a variety of currencies, the suppliers on 1688.com only accept RMB. As a result, once your top-up has been credited, you will need to convert your currency to RMB. The steps are as follows: To access the exchange page, navigate to the user center and click the "exchange()" link in the left column. On the currency exchange page, you can see the exchange rates that they are employing at the time of writing. Click on "confirm()" after entering the amount of USD you wish to exchange. On the confirmation page, enter the password you used to make your Alipay payment. Following a successful conversion of your foreign currency into RMB, you can begin paying your suppliers directly through 1688.com today.
6. Account Invoice for Your Use of Services
If you require an invoice, Alipay can provide one upon request via email. However, this must be done manually. They provide you with an email template that you can use as a guide. Buyer invoice application for xxx (your registered company name) 1688 (subject to change).
Our company xxxxxx limited is submitting an application for the issuance of 1688 cross-border buyer invoices for the month of May 2119. Email address for Alipay account: firstname.lastname@example.org (example) Account number for Alipay in USD: 1234567890 (example) They will send you an invoice within 5 business days of receiving your order. It should be in the form of a file like this:As you can see, the process of signing up for and setting up an Alipay business is extremely time-consuming and labor-intensive. However, once the entire process is completed, you will be able to easily make a purchase on 1688.com later on, so it is worthwhile! The information in this article about Alipay business account is as comprehensive as I can make it, but I understand that you must still have a lot of questions in your mind. Alternatively, you can send me an email by using the form provided below.
What's Your Reaction?