How To Pay Aliexpress — Incoming & Outgoing Drop Shipping Payments Explained | TBS #106

Podcast

Here’s a quick overview of the various incoming and outgoing payments you need. You should be paying special attention on how you handle these transactions which are essencial to be running a drop shipping store.

It’s not that complicated, but let’s clear things up.

First of all you need a credit card or debit card to pay for the monthly Shopify subscription. You also need that card to fulfill the orders on AliExpress in the name of your customers. This can be a business credit card or a private credit card, that’s totally up to you.

That will take care of everything that’s going out: Shopify payments, plugin costs, AliExpress, logo design, domain and so forth.

Then there’s the incoming payments.

To accept payments in Shopify you need a PayPal account for PayPal payments and a Stripe or Braintree account to accept credit card payments. This is more than enough to start your store. There’s no need for more.

You can now sign up for a Stripe account in most countries, but if your country isn’t listed, you can use Braintree to accept payments.

Just make sure you can accept PayPal and credit card.

Around 80% of all my sales come from PayPal.

People trust it and are used to paying with PayPal (even in Europe FYI) so not accepting PayPal payments would make you lose revenue. And then there’s the people who just want to check out directly on your store, so you need to accept normal CC payments.

Also make sure that you have a consistent way of tracking all the incoming and outgoing payments you make. There’s nothing worst than losing track of your expenses.

That’s pretty much it.

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  • dami

    hi till so after getting the customers payment on PayPal do you then transfer it to your bank account and use it to order on aliexpress or I need capital

    Leave Reply