SHANGHAI, June 20, 2011 /PRNewswire-Asia/ -- PayPal, the third-party Internet payment platform of eBay, will terminate its year-old cooperation with AliExpress, the wholesale marketplace for small businesses launched by Alibaba.com. This online payment giant has announced that they will stop providing online payment services for AliExpress from August 3.
The departure of PayPal undoubtedly greatly impacts AliExpress' business as well as their exploration in overseas markets. This leading online payment platform has been playing an important role in the business growth of AliExpress since the Alliance of Alibaba and eBay last year.
PayPal are the most frequently-used payment services with over 84 million active accounts, more than 220 million clients in 190 markets and 24 currencies all over the world. So cooperating with PayPal is significant in real time transaction online.
The cooperation termination between PayPal and AliExpress allows for great challenges and opportunities for other B2B platforms in China to boost their business and catch the eyes of more and more customers worldwide.
Bernard Zhang, CEO of Beltal.com, a trade platform resembling AliExpress, said that AliExpress used to take away many of Beltal's suppliers and buyers. However, its breakup with PayPal has brought them back to Beltal.
"Beltal has been cooperating with PayPal since 2003." Bernard said, "As a winner of PayPal's Top Award for Risk Management in China, we do believe in PayPal's convenience and safety in boosting trade volumes. We will continue the partnership with PayPal and try our best to offer better services for our clients. Quality products, low transaction fees and escrow service by PayPal - together they constitute our competitive edges and help win popularity from domestic suppliers and international buyers." Beltal.com is a Chinese trade platform which collects elite products of domestic brands, charges no fee for products listings and low fee transaction.
It seems that cooperation termination between PayPal and AliExpress speeds up the transformation of B2B platforms in China. In the Ecommerce industry in China, a new trend has gradually dominated the market: no minimum order, low wholesale prices, online real time transaction, no membership or registration fees, only charges a little when a transaction is successfully achieved, secure escrow buyer protection have been widely considered as symbols of a successful internet sourcing and online shopping platforms now.
Beltal is a comprehensive business-to-business (B2B) trade solution provider. As an online Wholesale business platform, it offers one-stop trade services to international buyers who are interested in purchasing directly from China.
For more information, please visit http://www.beltal.com/