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People's Daily Online>>China Business

99Bill opens cross-border online payment services

By Chen Jing (The Economic Daily)

16:07, November 29, 2011

Edited and Translated by People's Daily Online

99Bill, a Chinese third-party payment services provider is set to launch cross-border online payment services for international trade companies.

Trade receivables and settlements have long been a headache for international business. In particular, some foreign customers unilaterally refuse to pay or even cheat, which brings more risks for the international trade companies. So, finding an effective and safe way to settle debts has been a priority for cross-border transactions.

Cross-border online payment is a real-time payment solution for international payment offered by 99Bill. Now, 99Bill supports international card payments, such as VISA, MasterCard, American Express and JCB, which will help the international trade companies with cross-border transactions. As of the end of July, 99Bill's user rolls included more than 1.1 millions merchants and a total of 103 million registered users.

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