Alibaba.com, Alibaba’s B2B international platform, has officially transformed into online trade platform, which will change the traditional trade model (online inquiry & offline payment).
Transformed into online trade platform, Alibaba.com can display transaction volume and guarantee value to customers to obtain trust to promote trade.
However, Alibaba.com do not open online trade service to all categories of products. It focuses on clothing, 3C digital accessories and so on, supported by payment methods of MasterCard, Visa, Maestro, Cheque, Western Union. It has also integrated Russian online payment tool WebMoney, Qiwi Wallet and Brazil’s Boleto.
One insider pointed out that Alibaba.com’s transformation is the biggest change within 15 years. For the reason that why Alibaba.com did not apply payment method of its own, the relevant people said, “bank payment is relatively mature in cross-border settlement and it can save cost.”
It is believed that domestic trade platform 1688.com has not realized online trade. With large demand of domestic trade, Alibaba will also integrate online payment for its domestic B2B platform.