Top of the Great Era

In fact, not only foreign e-commerce consumers, but also the entire e-commerce environment in foreign countries do not seem so "smart".This has given a lot of "smart" people who have a heart, seized the loopholes, and cheated through cross-border e-commerce.

After those consumers are deceived, they have no idea who deceived them.

Shi Jinglin said: "There will always be some impact."

Zhou Buqi smiled easily and said: "It doesn't matter much! Just be yourself, the market has a regulating effect. Foreign e-commerce markets are like cabbage. After they are attacked by domestic multinational e-commerce teams for a while , so it’s time to repair the position. By then, the market will be a little cleaner.”

Shi Jinglin glanced at him in surprise, "Are you very optimistic about this industry?"

Zhou Buqi said: "Look good!"

Shi Jinglin asked: "Didn't you do it to coax me, to appease my emotions?"

Zhou Buqi smiled and said: "Of course there is this purpose, but this industry is really promising. I have communicated with Boss Ma, and he is also very optimistic about this market, and believes that it will become an important vertical category in the e-commerce field in the future. If you support my wife in starting a business, then I must investigate clearly."

Shi Jinglin rolled his eyes at him.

There is a smile on the corner of his mouth.

I feel quite comfortable.

Zhou Buqi said slowly: "In domestic e-commerce, it is almost impossible to surpass Taobao and JD.com. Overseas, there are also two giants, Amazon and eBay. You are not willing to do something small. Small business. If you want to expand the scale and become an influential company, cross-border e-commerce is a good direction.”

Shi Jinglin sighed softly, "I have been paying attention to this field for two years, but I always feel that something is wrong. The problem is not e-commerce, but the payment method."

"Ok?"

Zhou Buqi can't underestimate her.

You know, she was the president of Xiaonei.com back then, and the second person at the helm of Xiaonei Group Buying.

Back then, the on-campus group buying business was started by Zhou Buqi from 0 to 1, and later handed over to Shi Jinglin, who led the on-campus group buying from 1 to 100, becoming the most popular online shopping platform on domestic university campuses.

When it comes to e-commerce, Shi Jinglin has never been an outsider.

Shi Jinglin said softly: "These foreign payment methods are too bad, including the famous PayPal, which is really far behind Alipay."

"what?"

Zhou Buqi laughed dumbfounded, feeling a little exaggerated.

Seeing him smile, Shi Jinglin got a little annoyed, "You think I'm joking? Huh! These foreign payment products, led by PayPal, are all about payment business. Alipay is different, Alipay is about safe payment. "

"Safe?" Zhou Buqi smiled, "Why are their products not safe?"

Under his leadership, Ziweixing International completed the financing of PayPal last year, and holds 5% of the company's shares, and has a seat on the board of directors.

Because this product is very important, and it is also related to the big plan to promote PayPal to be spun off from eBay in the future and go public separately, Zhou Buqi worked tirelessly to personally come forward and serve as the director of PayPal.

Therefore, for Zhou Buqi, PayPal is "own" and Alipay is "outsider".

Shi Jinglin was very surprised and said: "You are too stupid, aren't you? You don't even know this?"

Zhou Buqi raised a black line on his forehead, "I don't even know what you mean."

Shi Jinglin said: "In China, Taobao defeated eBay back then. There are many factors for its success. One of the most important points is safe payment..."

Then, she quickly explained the situation inside.

Taobao is modeled after eBay (eBay).

However, Taobao does not blindly imitate, but upgrades its business to a large extent, checks for omissions and fills in gaps, develops strengths and avoids weaknesses, and Alipay is one of them.

Back then, when consumers shopped on eBay, they always found that after placing an order and paying for it, the seller did not deliver the goods for a long time.

Just report it.

It was later discovered that there were hundreds of people who reported it. Only then did they find out that they had been cheated, and they didn't even think about delivering the goods.After calling the police, it was difficult to pursue accountability according to the laws and regulations at the time, and there was nothing I could do if I was cheated.

At that time, the payment method used by eBay was mainly PayPal.

This is not a secure payment platform, but a payment platform, where money is transferred from buyers to sellers.

Taobao seized this opportunity and launched Alipay for safe payment, adding a third-party function.The money is not from the buyer to the seller, but the buyer pays the money to Alipay's third-party escrow account.After the seller delivers the goods and the buyer confirms, the third party transfers the payment to the seller.

In this way, the problem of consumer fraud is solved.

Shopping on Taobao is safe and reliable, and it is very difficult to encounter such low-level scammers.

Of course Zhou Buqi knew about this. Taobao’s defeat of eBay is a classic case in the domestic Internet industry. Everyone who makes Internet products has studied, understood, deduced, and demonstrated.

But hearing what Shi Jinglin said...

He suddenly realized something.

Shi Jinglin looked at him with a half-smile, "How's it going? I understand now? Don't they look alike?"

Zhou Buqi let out a sigh of "Damn", "The domestic group of cheating people with cross-border e-commerce, this is because they can't continue to play in China, and they started to go to China to cheat!"

Shi Jinglin snorted softly and said, "You just found out? The deceitful routine of cross-border e-commerce can work because these foreign payment tools are point-to-point and have no security attributes. The buyer directly transfers the money It was given to the seller, and the seller ran away with the money after collecting the money, and there is no way to prevent it.”

Zhou Buqi twitched the corner of his mouth, "It's 2012, and PayPal hasn't solved this problem yet?"

Shi Jinglin said: "PayPal is a product of eBay!"

"Ok?"

"There is also Amazon. Amazon has also launched a payment tool, and the share is quite large, and there is no such security attribute. Let me say...they may have done it on purpose."

"Uh..." Zhou Buqi immediately understood what she meant, "Isn't it?"

Shi Jinglin curled her lips and said, "I think so! Amazon and eBay are e-commerce giants, and they have very strict inspections on their stores. There are deposits and transaction insurance. There are multiple ways to ensure the safety of transactions. There is no need for safe payment. Those small and medium-sized e-commerce websites will not work because they lack such a guarantee mechanism. When consumers shop on small and medium-sized e-commerce platforms, because there is no guarantee of safe payment, they often encounter consumer fraud. They will lose confidence in small and medium-sized e-commerce websites. Slowly, consumers will recognize big companies like Amazon and eBay.”

Zhou Buqi nodded, "It's possible."

Shi Jinglin asserted: "That's it! I have evidence. After Taobao launched Alipay, it has achieved industry leadership by relying on the reputation of safe payment. Ebay also found the problem, and quickly improved it. PayPal has all upgraded its functions, and has the attribute of third-party transfer, so it can be paid safely. However, this is only in China. Overseas, PayPal is still the same, and it is still a point-to-point transfer.”

Zhou Buqi pondered: "This is the sales strategy of the e-commerce platform, and the payment tool is only auxiliary."

Shi Jinglin said angrily: "What? Do you understand? This is the reason for the payment tool. It is whether the payment tool has a port for a third-party account. For example, Dangdang wants to use Alipay. If the two parties cooperate, Alipay can send Dangdang’s custodial account is open. When a buyer pays a seller, the money is transferred to Dangdang’s third-party account first, and then to the seller. The overseas version of PayPal is not working. There is no such function, and it can only be peer-to-peer. "

Zhou Buqi narrowed his eyes, and said slowly: "So PayPal must be spun off and out of the control of eBay. Only in this way, PayPal will open a similar third-party supervision function like Alipay, so that small and medium e-commerce The platform is safer when trading online.”

"Yes, that's what it means!"

Shi Jinglin has been paying attention to cross-border e-commerce for a long time, but after in-depth research and entry, she will encounter obstacles everywhere, one of which is the payment tool.

For the sake of its own business development, eBay suppresses small and medium-sized enterprises, and will definitely not agree with PayPal to develop more secure payment functions for small and medium-sized e-commerce platforms.

This not only undermines the healthy development of the e-commerce industry, but also damages the interests of PayPal.

The small shareholders of PayPal are constantly working hard and fighting to be spun off, and they are also fed up with the many actions of eBay using the control of the large shareholders to damage the interests of small shareholders.

"This is the pattern!" Zhou Buqi couldn't help but sigh with emotion, "Boss Ma's role in promoting the development of the domestic e-commerce industry is really not ordinary. If it were Amazon's Bezos and eBay's Meg and those people, it is estimated that in the domestic e-commerce environment, there are still a lot of scammers, and the trees are like soldiers."

Shi Jinglin rolled her eyes and snorted softly, "You asked me to do cross-border e-commerce, I listen to you. But what about the payment method? Can you handle the issue of safe payment for me? Or You work hard, spin off PayPal from eBay, and then make the overseas version of PayPal open to third-party custodial accounts just like the domestic version.”

"How easy is that?" Zhou Buqi shook his head, "Carl Icahn has been working hard for several years to promote the spin-off of PayPal, but nothing happened."

Shi Jinglin was very helpless, "Then what should I do?"

Zhou Buqi said: "Do self-employment."

"Only self-employed?"

Shi Jinglin frowned slightly. If she was only doing self-employment, the scale would not be able to grow.

Zhou Buqi said with a smile: "Don't be so ambitious, don't think about creating an e-commerce giant with a market value of hundreds of billions of dollars. How can there be such a big market for you? Aim for a market value of 100 billion dollars, which is enough That’s it. Just for this goal, self-employment is enough.”

Self-operated means that there is only one seller, which is the platform.

The platform is both a seller and a regulator.

In this way, you don't have to worry about that kind of online shopping fraud.