A business-to-business online trade platform and operated by Taiwan’s biggest trade promotion organization Taiwan External Trade Development Council, Taiwantrade carries 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’s collaboration with Taiwantrade has opened the company’s door to the Taiwan market and is supported by the Taiwan government. The alliance is predicted to bring a 14% growth in sales value for Taiwan’s small and medium enterprises.
PayPal offers 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.
