Among them, if the monthly sales of Shopify is less than 5,000 US dollars, the seller chooses Basic Shopify, which is the most cost-effective, between 5,000 US dollars and 44,000 US dollars. It is the most cost-effective to choose the Basic plan, which is higher than US dollars, and it is right to choose Advanced Shopify. On the one hand, there are some thresholds for mainland Chinese users to apply for the US version of PayPal. They need to , US credit cards, US addresses, and US phone numbers. Some "smart" people use fake US ID generators online to automatically generate a US address. But this undoubtedly planted a hidden danger for his PayPal account.
PayPal has strict risk control, often restricts or freezes user accounts, and requires submission of identification, credit card bills, address proof and other materials. If you make up information when registering, you may never get your PayPal back. On the other hand, there are tax compliance issues for foreigners registering the US version of PayPal. The U.S. Internal Revenue Service (IRS) requires PayPal to report Vietnam phone number list information about account holders who receive payments for goods and services above certain transaction count and payment amount thresholds. The collection objects include: all U.S. PayPal accout holders and some non-U.S. account holders. If a client exceeds the filing thresholds imposed by the IRS (0,000 and 200 transactions), they will be required to verify their.
Taxpayer status. If you are not a U.S. citizen or a U.S. entity, you will need to complete an online form certifying that you are not liable to pay U.S. income tax. Receive payments via Stripe (non-Shopify Payments method) In addition to PayPal, Stripe is probably the most used payment method for Shopify sellers. Fees are much lower than PayPal, 2.9% of each transaction amount, plus .30 processing fee, plus 1% for USD payments from non-US. Let's calculate the cost of collection. Calculation formula: Shopify monthly feeIt is not difficult to see from the data comparison that the cost of Stripe is between Shopify Payment and PayPal. Since Shopify Payment is not open to mainland China, what about Stripe? Unfortunately, there is no mainland China in Stripe's open countries or regions.