Top 10 Best Cross-Border Payment Tools for 2025

The competition among cross-border payment merchants is heating up, with upgrades occurring rapidly across various channels, from products to advertisements. Among them, cross-border payment (cross-border transactions) is one of the most critical and easily overlooked areas within the industry. For cross-border users, a safe, high-execution efficiency, and low-cost cross-border payment tool directly impacts profitability, cash flow speed, and store consistency.

Why are Cross-Border Payment Tools So Important?

As a key player in cross-border transactions, payment tools provide a secure route for the transfer of funds between sellers and spenders. However, the current cross-border sellers frequently face the following pain points:

1. The cost of execution directly affects profitability

Even a 1% discrepancy in the average exchange rate and fees can lead to sellers losing millions of dollars annually.

2. Diverse multi-currency calculations have become a necessity

Cross-border sellers must engage with platforms from Europe, Southeast Asia, and the Middle East, etc., and must find payment tools that support multiple currency revenue streams.

3. Access speed of funds impacts operational efficiency

For cross-border merchants, the slower capital return and potential delays from advertising forecasts, stock investments, and logistics can be detrimental.

4. International payment compliance regulations are increasingly stringent

In recent years, payment platforms have tightened risk control measures, account monitoring, and transaction audits, leading to many non-compliant tools frequently causing account freezes.

Top 10 Most Commonly Used Cross-Border Payment Tools for 2025

Currently, there is a wide variety of cross-border payment tools, each with its advantages. When choosing the right payment tool, factors such as transaction fees, global coverage, primary application scenarios, and risk stability should be analyzed thoroughly.

1. Wise

Wise (formerly TransferWise) is a UK-based fintech company that offers transparent and low-cost cross-border payment and multi-currency account services. In 2025, it is set to launch international business accounts in Hong Kong, supporting over 40 different currencies, making it particularly suitable for small businesses engaging in global transactions.

Advantages:

• Supports over 50 currencies and various multi-currency accounts
• Extremely competitive exchange rates, with no hidden costs
• Fast local bank transfers available

Disadvantages:

• Stricter compliance in countries with high-risk financial climates
• Less favorable for B2B or standalone sellers; weaker support for digital commerce platforms

2. Payoneer

Payoneer is commonly used by cross-border merchants and B2B enterprises for payment settlements, supporting over 200 countries and multi-currency transactions, allowing for receiving payments through local bank accounts.

Suitable for: Amazon, Walmart, Shopee, Lazada, standalone sellers

Advantages:

• Coverage of the vast majority of cross-border payment options for merchants
• Global revenue accounts (USD/EUR/GBP/JPY, etc.)
• Reduced merchant processing fees

Disadvantages:

• Often slower verification, with new users facing liquidity challenges
• Annual transaction volume requirements for maintaining accounts

3. PingPong

PingPong specializes in cross-border merchant payments, providing sellers with diverse accounts and multi-currency management solutions. It allows merchants to effectively manage transaction costs in global commerce while supporting various currencies and providing local bank transfers.

Suitable for: Cross-border merchants, B2B transactions, cross-border revenue

Advantages:

• Good reputation among domestic sellers, with responsive customer service
• Coverage of multi-currency payment types (Amazon, eBay, Walmart, etc.)
• Superior integration rates compared to other payment platforms

Disadvantages:

• Weaker support for non-mainstream digital commerce platforms
• Higher fee structure may be a disadvantage

4. Zyla

Zyla is a platform dedicated to providing a comprehensive cross-border solution tailored for businesses. It offers fee-free account openings for various currencies, allowing companies to generate revenue and facilitate international transfers like a local competitor.

Suitable for: Cross-border merchants, standalone sellers

Advantages:

• No monthly fees, with no minimum balance required and transparent accounts
• Supports batch payment transactions; a maximum of 25 transactions either domestically or internationally can be processed at once
• Multi-account management: supports primary/secondary account structures, ideal for corporate groups and multiple business lines

Disadvantages:

• Existing variability in currency exchange rates
• Limited to business-related transactions only

5. Revolut Business

Revolut Business provides services to companies under a neobank model, offering instant cross-border payment capabilities. This allows businesses to achieve rapid settlement of expenses within the Revolut network while enabling users to manage various currencies and transactions through an app.

Suitable for: Standalone sellers, European market sellers

Advantages:

• Full-fledged capabilities for international business accounts
• Supports corporate Visa/Master business cards

Disadvantages:

• Limited adoption among Asian users
• Complex account verification processes for businesses

6. Stripe

Stripe is a widely used online payment processing platform that supports global transactions. It offers robust APIs for businesses to develop customized payment solutions while supporting multiple currencies.

Suitable for: Shopify standalone sellers, SaaS services

Advantages:

• The most powerful online payment API
• Supports Apple Pay / Google Pay

Disadvantages:

• Not directly applicable for digital commerce platforms (e.g., Amazon)
• Higher per-transaction fees

7. PayPal

PayPal is one of the world’s most recognized online payment systems, allowing users to perform cross-border transactions quickly and securely. It is extensively used for e-commerce and personal payments, but transaction fees tend to be higher, especially during compliance checks.

Suitable for: Cross-border traders, European customers, standalone sellers

Advantages:

• Highest user recognition worldwide
• Strong buyer protection policies

Disadvantages:

• High fees for transactions
• Stringent compliance checks, with funds being at risk of being frozen

8. Airwallex

Airwallex offers cross-border payment and international transaction solutions focused on helping companies streamline their global payments. It supports various currencies and provides a transparent pricing structure, making it highly suitable for large-scale cross-border operations.

Suitable for: Global teams, standalone sellers, SaaS services

Advantages:

• Multi-currency card issuance minimizes overall transaction losses (e.g., Facebook/Google Ads)
• Instant exchange rates available
• Coverage across 160+ countries and regions

Disadvantages:

• Not all countries are supported
• New users may need to provide substantial KYC documentation

9. Skrill

Skrill is an e-wallet service that supports international conversions and payments. Users can quickly transfer funds through its platform while enjoying lower transaction costs.

Suitable for: European merchants offering services

Advantages:

• Supports cryptocurrency payments extensively
• Fast international transfers

Disadvantages:

• General user experience for Asian users tends to be lower
• Business transaction costs tend to be high

10. OFX

OFX provides international and cross-border payment services, focusing on offering businesses and individuals lower transaction rates and pricing transparency. It supports multiple currencies and is ideal for large amounts of transfers.

Suitable for: Large international transactions, large business operators/solution providers

Advantages:

• Competitive rates for high-value cross-border transactions
• Lower transaction costs

Disadvantages:

• Not suitable for small sellers
• Requires human interaction for transfer processing

How to Choose the Right Cross-Border Payment Tool for You?

Best Cross-Border Payment Methods for TikTok Shop

TikTok Shop has rapidly become one of the fastest-growing cross-border commerce platforms, with payment methods varying by country and region.Each has different supported payment tools.

Among them, Payoneer is the official partner for TikTok Shop, offering transparency in rates, rapid transfers, while PingPong serves as a payment solution in multiple regions, making it especially suitable for localized sellers in China.

Other Recommended Cross-Border Payment Approaches

1. E-commerce platforms with multiple store accounts → Payoneer / PingPong
2. Standalone sellers → Stripe / Wise / Airwallex
3. Advertising payments, data science → Revolut Business / Airwallex

Cross-border transactions are about choosing products from various sources and aiming to win in a competitive landscape. Choosing the right cross-border payment tool is the first step to enhancing profitability. Regardless of whether you are running a business in Asia, TikTok Shop, or a standalone shop, the security and convenience of selecting a suitable cross-border payment tool can have a significant impact.