The eCommerce market in China accounts for one trillion, thus representing a desirable destination for retailers and brands. This is a striking opportunity for them to expand through a seamless online experience. What about merchant cash advance regulation? Who can help you with this?
Merchant Cash Advance Regulation: Get What You Need
The sales of products/services is more than just a physical experience with buildings and geographical borders. eCommerce or electronic commerce market accounting for several trillions of dollars worldwide has changed the way people used to buy goods and services.
According to prof. Henry Gao, an Associate Professor at the Singapore Management University School of Law, the US is more focused on the “digital” side, such as internet search and social networking. As for China, it tends to focus more on the traditional “trade” side, meaning trade in goods. So, Gao describes the US as a country trading bits, and China trading atoms.
Given the current developments in the world of commerce, it’s critical to work with a reputable credit card processing company that can get you the best merchant services. With a true payment expert, you can be sure to enjoy the most secure, easy-to-use and cheapest merchant accounts and other services to grow your business. By the way, merchant cash advance regulation can’t be an issue if you apply to a respectable payment processor in the industry.
China’s Deregulation & eCommerce Market
2018 was a real online success. US and foreign retail companies involved in cross-border eCommerce selling to China are optimistic about 2019. The US and China are going to play key roles in terms of international eCommerce regulations.
The Chinese government has recently decided to lift purchase limits on cross-border eCommerce. This will make things easier for international brands and retailers selling in China. This year, China’s government is expected to make even more trade restrictions less strict.
What about the market in China? Well, currently, the following is observed there:
- Imports featuring premium quality from the US and foreign countries have high demand. Beauty, cosmetics, apparel, as well as healthy, natural products are among the top-selling categories for cross-border eCommerce.
- The country’s big eCommerce platforms get their own inventory right from brands and stock them in bonded warehouses not far away from China and Hong Kong. This is because Chinese shoppers making purchases online look for faster services. As a result, prices get lower, logistics becomes faster, and customer experience gets better.
- Mobile shoppers in China are spending their time and money in WeChat. So, brands and retailers are using the app for integrated social commerce, including mobile pay.
- Smaller US and foreign brands are anticipated to enter the eCommerce market in China via WeChat’s mini programs. As for bigger brands, they’re expected to start more creative marketing campaigns so to get more appealing to Chinese consumers.
Back in 2013, China became the largest eCommerce market around the globe, and soon Alibaba turned into the biggest company in the market. This year, China’s cross-border eCommerce space still represents strong consumer demand, favorable regulations, and convenient mobile pay options for consumers.
Author Bio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker that can best help you with merchant cash advance regulation. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.