As a veteran seller in the foreign trade industry for many years, I am often asked by novice friends: "Now there are so many cross-border collection platforms, in the end, which one is reliable?" Today to talk to you about my five-year WorldFirst - this is known as the "cross-border collection of national tools" platform, in fact, what are the real skills.
First, the threshold is friendly: individual sellers can also enter easily
Let's start with the registration threshold that everyone is most concerned about. Compared with some platforms that require Hong Kong company qualification, MilesHub is simply too friendly to individual sellers -You can register with just your mainland China ID cardThe company's business is a cross-border e-commerce or foreign trade B2B business can be covered. Tested from registration to complete the real-name authentication, the whole process of following the system guidelines on the line, even I such as "technical whites" have not encountered obstacles, there are 8:00-23:00 online artificial customer service at any time on standby, a sense of security pull full.
It is important to note that MilesHub currently supports mainlyTrade-in-kind receipts, virtual products or offline transactions are temporarily unavailable. However, for most e-commerce sellers and small and medium-sized foreign trade enterprises, this restriction has little impact.
Second, the function of the actual test: from the collection of money to open the store of the whole chain experience
(i) Collection efficiency and rates
As a product of the Ant Group, MilesHub has the obvious advantage of connecting with the ecosystems of Alipay and Netcommerce Bank. My favorite point isFunds can be withdrawn directly to Alipay or used for 1688 Purchase, which is so convenient for sellers who need frequent working capital. And the running water also boosts the online business loan amount, which is a pleasant surprise.
For rates, currentlyWithdrawal or transfer rate capped at 0.3%The more you charge, the lower the rate will be. Compared to the fixed rate of 1% of a platform used in the early years, it can save a lot of real money in the long run. Quietly, when registering, enter the invitation code "7797" can also unlock the hidden benefits, the specific benefits can consult customer service~.
(ii) Overseas Card Opening and Payment Scenarios
Many sellers need overseas cards for scenarios such as paying for advertising, platform store rent, etc. MilesHub's co-branded MasterCard currentlyFree card opening, although the management is stricter than some platforms, it is better than the compliance. The USD card I applied for supports 140+ transaction currencies, so it's no problem for me to pay my suppliers and server fees. However, if you are looking for more versatility, the MasterCard of PaiAnYing will cover more comprehensive scenarios, so you can choose according to your needs.
(iii) Platform linkage and newcomer friendliness
What impresses me is that MilesHub can actuallyDirectly in the back office to submit information to open Amazon and other platforms storesThe first time I signed up for Amazon, I had to think about it for three whole days. I think that when I first registered for Amazon, I figured out the whole three days by myself, and now newcomers can actually get it done with one click, so I have to sigh at the progress of the times. Currently supported platforms include Amazon, AliExpress, Shopify and other 120+ mainstream e-commerce platforms, basically covering the mainstream market.
Third, security and compliance: the bottom line of the old payment institutions
After all, it is a tool that deals with money, and security always comes first. As a veteran payment organization established in 2004, MilesHub currently has a global network ofOver 60 payment licenses and related qualificationsThe company's financial security is guaranteed by its payment licenses in mainland China, MSO license in Hong Kong, and EMI license in the UK.
I remember once encountered a customer payment delay, I contacted customer service to inquire about the flow of funds, less than half an hour to receive a detailed tracking feedback, this response speed in the field of cross-border payments is really not common. Their risk control team also regularly conducts anti-money laundering and data security testing, which is especially important for foreign trade enterprises with high compliance requirements.
Fourth, the mobile experience: small program to make business at your fingertips
Starting last year, MilesHub went live with the Alipay applet, which completely changed my work habits. Now anytime and anywhere you pull out your cell phone, you canRegister your account, check your balance, and see exchange rates in real timeThe program can be used to withdraw money directly from the bank. I remember once in the airport waiting for the plane, suddenly need to deal with an emergency withdrawal, open the small program 6 steps to complete the operation, simply more convenient than ordering takeout.
Sellers in Shenzhen may have noticed that MilesHub has recently "occupied" many elevator ads in cross-border parks. Although the marketing is quite fierce, but in all fairness, their "310 model" - the0.3% rate cap, the fastest 1 minute to the account, the exchange rate transparent 0 exchange loss--I'm not sure what I'm talking about, but I'm sure I'm talking about what I'm talking about. Especially the exchange rate, compared to several platforms, Miles Exchange's premium exchange rate is often better than the market reference exchange rate, each transaction can be more yuan, the accumulation of less into more is also a considerable income.
V. Pitfall avoidance reminders and recommendations for use
- Virtual Product Limitations: The previously mentioned virtual product collections are not supported, and sellers doing software and services need to be aware of this.
- Card Management Rules: Although it is free to open an overseas MasterCard, there are some restrictions on account balance transfer and usage scenarios, so it is recommended to read the official website tutorials in advance.
- Timeliness of activities: The platform occasionally launches rate promotions (such as the 1% capping event in the early years), so remember to keep an eye on the latest news when you sign up, and enter the exclusive invitation code for possible additional benefits.
Conclusion: why would I want to keep using it?
From the first time I used MilesHub to collect money in 2017, to now watching it become the official partner of the UEFA Europa League from the launch of the applet, this platform has always given me the feeling of "down-to-earth". It doesn't have a lot of publicity, but it puts the core needs of cross-border collection - theLow rates, high security, strong convenience--does the best. For small and medium-sized sellers, it is like a silent and reliable partner, accompanying you to move steadily forward in the wave of cross-border e-commerce.
If you are still worried about the choice of collection platform, you may want to try this "national" tool - after all, can let more than a million cross-border merchants to rest assured that the use of the product, not bad.
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