Information says PayPal will terminate cooperation with Cytopathic

Absrtact: August 29 News, the North American mobile Cross-border Electric platform Cytopathic, which began to jump rapidly in China since last year, is facing a big shock in payment mode. There is news that PayPal will terminate cooperation with Cytopathic. This scene can not help the Cross-border electric operators recall 3 years ago, the fast-selling and

The August 29 news that the North American mobile Cross-border Electric platform Cytopathic, which began to jump rapidly in China last year, is facing a big shock of payment. There is news that PayPal will terminate cooperation with Cytopathic. This scene can not help the Cross-border electric business practitioners recall 3 years ago, fast selling and PayPal break, but also caused a lot of sellers worry.

Some sellers have paid the price. One on the Cytopathic platform for 3C-type purposes Cross-border sellers to the billion-state power network, its recent sales in Cytopathic suffered from the interruption of PayPal payments, almost reached a 20% decline.

The seller to billion power network revealed that cytopathic buyers can not use PayPal to pay, leaving buyers only credit card payment options. "PayPal in Europe and the United States, the coverage is quite high, many users have been accustomed to payment on PayPal, will inevitably affect the Cytopathic platform transactions." ”

Cytopathic Buyer Payment interface has no PayPal option

And another sales of apparel cytopathic Sellers pointed out that the current has not been too much ripple, sales smooth. "Now, Cytopathic still to the sellers through PayPal, but the buyer can not use PayPal, the payment rate may be reduced." ”

According to billion power network, because of the hasty interruption of cooperation between the two sides, the majority of cytopathic sellers of overseas buyers have been unable to use PayPal to pay the matter is not informed, nor received any relevant notice, for this sudden change unprepared.

In this respect, there are sellers speculation, PayPal move is likely to be the initiative, the cytopathic of the payment channel, mainly because of the recent rapid growth of cytopathic has threatened the PayPal parent company ebay Mobile end in the field of Cross-border Electronic business leadership.

Also has the industry speculation, cytopathic imitation goods too much, tort problem is serious, so PayPal took the sanction means. "Even if some of the business is not very large independent of the consumer, if the sale of imitation products will be sealed PayPal account, not to mention the small and medium sellers gathered in the Third-party platform." ”

Billion power network in connection with the cytopathic related to the responsible person. It responded by saying that the buyer did cancel PayPal payments and was the company's proactive adjustment rather than the forced interruption of outside suspicion. According to the official disclosed that PayPal in the cytopathic the entire platform transaction payment, accounted for only about 20%, cytopathic main Push payment method is the credit card, and is working with Google Wallet (Google Wallet) to cooperate, so will not be affected much.

"The platform's recent sales have a certain decline, but belong to the normal range of fluctuations." In addition to PayPal factors, there are cytopathic active screening and the next shelf a number of fake and shoddy products reasons. The cytopathic aspect admits.

At the same time, PayPal China PR director told billion Power network, there is no relevant information, this is not informed. Under normal circumstances, if PayPal's partners violate the rules of the agreement, such as selling fakes, imitation goods, suspected infringement issues, PayPal will take the way to close the account as punishment.

"Whether it is PayPal sanctions, or cytopathic active adjustment, the rupture of the two seems to replicate the same year PayPal and fast selling, Dunhuang network of the breakup process." Insiders commented.

It is reported that PayPal in August 2011 with the rapid sale of the formal release of cooperation, since then there are data shows that the speed of the entire platform trading volume dropped at least 30%. In order to avoid PayPal and the rapid delivery of the cancellation of the great loss of cooperation, many businesses even to the fast-selling payment to other platforms of the account. And in a year later, PayPal staged a "breakup" incident, and stopped the cooperation with the Dunhuang network.

Analysis of the industry, in the early stages of cross-border electric dealers, fast selling and Dunhuang nets as the industry leader, the rapid increase in the size of ebay for the global expansion of the competitive pressure, cut off PayPal payments, also belong to the fear under the defensive strategy. Now, Cytopathic and other mobile end of the rising rookie, the "later King" momentum.

Earlier, Cytopathic co-founder Danny Zhang Yi told billion Power network, currently, cytopathic Daily orders, mobile phone-side orders accounted for 80%, is expected to 2018 annual sales of $10 billion.

"3 years ago, we all thought the fast-selling termination of cooperation with PayPal was bad news, but it turned out to be the case." Cytopathic also, in addition to PayPal there are other ways of payment, the future is strong also may develop their own payment tools. In the long run, the problem of imitation goods also have to pay attention to, or else will encounter more obstacles and difficulties. Insiders point out.

However, the different voices show that although the other speed of the selling also said it is the initiative to cut PayPal, and believe that credit card payments and other payments can make up for the impact. But from the seller's feedback, in the fast-selling credit card transactions with a high rate of protest, mainly limited by the lack of wind control. "The International PayPal Wind control team is the most professional, able to detect more than 90% of fraud, independent account transactions will be provided by the wind control team protection." ”

In addition, PayPal in recent years in mobile payment by leaps and bounds, its annual mobile turnover of more than 20 billion U.S. dollars in Europe and the United States coverage of more than 80%. And Cytopathic is a representative of mobile Cross-border power suppliers, and relative dependence on mobile payment. Therefore, after the wave of PayPal, Google Wallet can rescue, remains to be seen.