China is expected to have more than 800 million internet users that means more than 65% internet penetration rate.
The online retail sales generated through E-commerce business in China crossed $1.7 trillion by 2020.
China is the leading E-commerce market in terms of revenue, growth rate and cover-up approx 35% of the total E-commerce market in the entire world.
Alibaba group’s – Taobao & Tmall | JD are the biggest E-commerce players in China following by Amazon.
Usage of mobile and the rise of online selling platforms & marketplaces in China are the major factors that play a vital role in the rise of E-commerce in China.
If we talk about the payment methods then the local payment methods like Alipay | Wechat | Union Pay are the most used online payment methods used by the Chinese.
So let’s look at the best E-commerce payment gateways in China and don’t forget to checkout the MDR | Payout timings and Payment methods before moving with any of them.
Best E-commerce payment gateways in China
- WeChat Pay(Ten pay)
- Razer Merchant Services
China is a great place to start your E-commerce business without keeping in mind the second thought.
Whether you are an individual |Entrepreneur – the above mentioned best E-commerce payment gateways in China will provide your clients with the ease of payment options and will help you to lift up your eCommerce business.