Taiwantrade - Taiwan's national e-commerce trade portal--will collaborate with PayPal, the largest international online payment provider, to offer online electronic transaction service to Taiwantrade's domestic paid members.
Overseas buyers will be able to purchase sample products from the Taiwanese suppliers through PayPal payment system.
A business-to-business online trade platform and operated by Taiwan's biggest trade promotion organization--Taiwan External Trade Development Council, Taiwantrade carries the most abundant amount of sourcing information on Taiwan's local suppliers. It is anticipated that beginning from March after the PayPal online payment system is introduced, overseas buyers can directly select the sample products displayed by the Taiwanese manufacturers on Taiwantrade and make transnational payments online. At the same time, PayPal will provide complete online order tracking and complaint functions, allowing parties in disagreement a window to resolve their disputes.
PayPal is a leader in international online payment systems, offering a variety of payment methods for buyers to choose, such as credit card, debit card and bank account transfer, which is currently being used in 190 markets and 24 currencies around the world. PayPal's collaboration with Taiwantrade has successfully opened the company's door to the Taiwan market and is strongly supported by the Taiwan government. The alliance is predicted to bring a 14% growth in sales value for Taiwan's small and medium enterprises.