AliExpress Payment Methods Accepted – How to Pay Your Suppliers in 2024

AliExpress is one of the best online marketplaces in the world, with many secured payment options for drop shippers to pay suppliers worldwide easily and quickly. 

Some popular payment methods on AliExpress are Paypal, Alipay, and Payoneer. 

In this article, I explain these AliExpress payment methods, how to use them to pay your suppliers in 2024, and their pros and cons. 

What is AliExpress?

AliExpress is an online marketplace where you can purchase almost anything you need, like electronics, fashion, automobiles, toys, and sports. 

One unique feature of AliExpress for dropshipping is that it provides safe and secure payment methods to ensure you purchase whatever you need.

6 Top AliExpress Payment Methods

Below are the top methods of payment accepted by AliExpress that you can use to pay your suppliers, alongside their pros and cons:

1. AliPay
2. PayPal
3. Bank Transfer
4. Payoneer
5. Credit and Debit cards
6. WebMoney

1. AliPay

Alipay is an online payment method owned by AliExpress. This payment method was founded by Alibaba Group in 2004. 

AliPay allows customers to pay for goods and services with ease and a high level of security. 

As a drop shipper, you can use Alipay to pay your suppliers quickly, just like an ordinary customer.

When you buy a product using AliPay, the funds are securely processed to the supplier, and you’ll be charged when the customer receives the goods you drop-shipped. 

If you upgrade to AliPay Bonus, you can get discounts on all your purchases.

To get started and use AliPay, sign up for an account via their official website at global.alipay.com. 

Then, link your bank account to your AliPay account and start shopping. Sign-up on AliPay is free. 

Alipay Pros

Here are a few advantages of AliPay:

1. AliPay is widely used in China. 
2. It is free to use.
3. Provides fast payment processes. 
4. No foreign exchange fees.
5. Used in other regions apart from China. 
6. You can pay with a credit card.

Alipay Cons

1. Registering on Alipay without a China bank account is not easy.
2. AliPay is not FDIC Insured. 

 Dropshipping is a low-risk and profitable way to sell online looking to make a dropshipping website, Do you need a website?

Let jaystreettech.com build a responsive website for you in no time. 

2. PayPal

PayPal is another excellent payment method for paying your supplier on AliExpress. Paypal is a popular online payment method that allows people to send and receive money worldwide.

PayPal offers buyer protection and can allow you to pay your supplier with your bank account or credit card. 

Also, PayPal allows for online money transfers. 

To use PayPal as a payment method on AliExpress to pay your supplier, you need to have a PayPal account. 

Sign up for free on PayPal via paypal.com and set up your account. 

Then, go ahead and purchase items on AliExpress and pay your supplier quickly and easily via PayPal. 

PayPal Pros

PayPal has several advantages. These include:

1. Provides easy refund processes.
2. Gives buyer protection. 
3. Provides a high level of security. 
4. Encodes bank or credit card information. 

PayPal Cons

Here are a few cons of PayPal as one of AliExpress's payment methods:

1. PayPal has high commission fees.
2. This payment method is not available in all countries. 
3. Can freeze accounts that do not follow their rules and regulations.

3. Bank Transfer

The bank transfer payment method is very popular on AliExpress, and many drop-shippers use it to transfer money from their bank account to their supplier’s bank account. 

This payment method is a traditional one and may take days to process. However, it is very effective and arguably less risky than the others discussed. 

Paying suppliers via bank transfer is very effective when buying things in bulk, such as bulk product drop shipping. 

On AliExpress, you can use bank transfer as a payment method for orders above $20. 

Bank Transfer Pros

1. It is perfect for bulk purchases. 
2. Bank transfers have low transaction fees. 
3. It is safe and secure.

Bank Transfer Cons

1. It consumes time. 
2. It may require a lot of information.
3. Payment is always in dollars. 

4. Payoneer

Payoneer is another popular online AliExpress payment method many drop shippers use on AliExpress. 

Once you create an account on Payoneer, you will get a debit card, which you can use to pay your merchants or suppliers. A Payoneer account would give you American or UK bank accounts. 

You can link your PayPal account to your Payoneer account to pay your suppliers. 

Payoneer Pros

Here are some of the advantages of Payoneer as one of the most acceptable AliExpress payment methods. 

1. You can link diverse bank accounts to your Payoneer account. 
2. Low fee charges. 
3. It accepts diverse currencies like USD, EUR, CAD, etc. 
4. Provide a detailed breakdown of your income and expenses.

Payoneer Cons 

1. Delays in processing payments. 

5. Credit and Debit card

Credit and debit cards are physical cards issued by banks, other financial institutions, and e-commerce sites like AliExpress. 

Credit and debit cards are arguably the most common payment methods on AliExpress. 

AliExpress accepts well-known credit and debit cards like Mastercard, JCB, Maestro, Amex, American Express, Diners Club, Discover, MIR, VISA, etc.

To pay your suppliers on AliExpress with credit or debit cards, select the card payment option and provide your card details – card number, cardholder name, CVV, and expiry date. 

Credit and Debit Cards Pros 

1. Most commonly used payment method. 
2. They are globally accepted on almost every online marketplace. 
3. Accepts multiple bank cards. 
4. Gives cashback.
5. Provides quick payment processes.

Credit and Debit cards Cons

1. Has limited buyer protection. 
2. High fees and interest rates.

6. WebMoney

WebMoney allows buyers and drop shippers to make payments and transfer money using their WebMoney account.

 WebMoney is a very popular online payment option on AliExpress.

WebMoney is regarded as the most reliable AliExpress payment method in Eastern Europe and Russia. 

To use WebMoney for payments, you must have a WebMoney account and deposit money into it. Afterward, you can buy goods on AliExpress and pay your suppliers via your WebMoney account. 

WebMoney Pros

1. Has a user-friendly interface. 
2. You can create a WebMoney account without a bank card.
3. It is easy to top up. 
4. It is commonly used in European countries. 
5. It is cheap.

WebMoney Cons 

These are the challenges associated with WebMoney:

1. It is limited to certain countries.
2. A WebMoney account is necessary to make payments with the WebMoney platform. 
3. A 0.8% fee is necessary for every transaction. 

Other acceptable AliExpress payment methods are Western Union, Boleto, Yandex Money, Mercado Pago, Giropau, Klarna, COD, and Doku. You can try the different payment options to see what works best for you.

Conclusion 

Paying suppliers on AliExpress is now easier than before.

 You can pay your suppliers more quickly than ever with AliExpress payment methods like Payoneer, debit cards, credit cards, bank transfers, and AliPay.

 Most of these methods have user-friendly interfaces and accept different currencies. 

However, weigh the pros and cons with your needs and requirements before deciding which option to choose.