How do buyers use Cross-border Payment? Can the settlement of USD recharged in Cross-border Payment be delayed?

Who are the main users of Kuaibeibao?

Cross-border Treasure focuses on serving all cross-border buyers, who belong to the group with urgent needs to purchase through foreign currency.

How is the exchange rate for cross-border treasure settlement determined?

Settlement is based on the spot purchase price of the cross-border payment institution’s cooperative bank.

How do buyers use KuaiBo payment?

The main steps for buyers to use Cross-border Treasure are as follows: Foreign companies pre-deposit foreign currency -> Generate an estimated RMB quota in the 1688 account -> Place an order and pay with the Cross-border Treasure quota -> Confirm receipt. Among them, when a dispute occurs and a refund is successful, there are generally two types: "Unconfirmed receipt" (during sales) refund and "After confirmed receipt" (after-sales) refund. When the "Unconfirmed receipt" refund is successful, the order amount will be increased to the Cross-border Treasure RMB quota accordingly. When a refund occurs "After confirmed receipt", and the refund is successful, the RMB corresponding to the order will be directly refunded to the buyer's Alipay account.

Is it possible to delay the settlement of USD when recharging Cross-border Treasure?

It is recommended to use up the top-up USD within 10 days to minimize the risk of exchange rate fluctuations. If the buyer needs to delay the settlement of exchange, it is recommended to keep it in the Hong Kong account.

What value does Kuaibeibao bring to merchants?

Merchants who have opened Cross-border Treasure have the right to declare Cross-border Treasure special events and accurately receive orders from super large buyers in cross-border special scenarios.