Find out about TikTok cross-border MCN, Qbit's solution for companies to receive and pay for trade in services!
发布时间：2024-04-28
Ever heard of TikTok cross-border MCN agency? In recent years, TikTok, a globally popular short-video social app, has attracted hundreds of millions of users and become a global social entertainment platform. With the popularity of TikTok, the cross-border MCN industry is also emerging.
What is TikTok cross-border MCN?
TikTok cross-border MCN, is a Multi-Channel Network, or Multi-Channel Network, that specializes in serving TikTok creators.Cross-border MCN agencies are able to help merchants or brands on the TikTok Shop to self-incubate or sign up individual creators for alliance bandwagons. Typically, they use e-commerce live streaming, short videos, window displays, and other content to realize cash, and continue to incubate e-commerce author accounts to build account traffic matrices.
Despite the rapid development of the TikTok cross-border MCN industry, with the surge in demand for overseas placement, extremely fast payback and compliant co-mingling are still problems that cross-border MCNs need to solve.
Problem 1: Complex and difficult fund distribution and low reconciliation efficiency
The demand for cross-border MCN transactions continues to climb, and docking with upstream and downstream partners involves multiple ways of distributing funds, such as paying commissions to celebrities and promoting marketing expenses. When dealing with these large amounts of financial transaction data, if the payment review process is inefficient, it will affect the reconciliation efficiency, and the transaction tracking will become cumbersome and time-consuming.
Problem 2: Low compliance security and unprotected transaction security
Cross-border MCN often involves multiple subjects, multiple cooperation channels, and multiple payment methods, and it is difficult to guarantee the security and compliance in the process of receiving, paying, and distributing funds. In the face of different financial regulatory strategies and rules in different countries and regions, MCN organizations urgently need a secure and compliant financial solution.
Image source: InternetQbit provides multi-scenario collection and payment solutions for trade in services, covering multiple service dimensions such as local currency collection and payment, overseas fund distribution, financial reconciliation, etc. Qbit's one-stop collection and payment solution covers a variety of application scenarios, and can provide users with collection and payment services in the fields of overseas advertisement and marketing, logistics and transportation, and software services, etc. Qbit supports binding with mainstream platforms such as TikTok, Shop, Shopify, PayPal, App Store, etc. for multi-platform, multi-store and multi-account collection and payment. Qbit supports binding with TikTok, Shop, Shopify, PayPal, App Store and other mainstream platforms, multi-platform, multi-store, multi-account collection, and more efficient reconciliation.
Qbit supports the opening of accounts in multiple mainstream currencies, including USD, EUR, GBP, HKD, etc., with no charge for foreign exchange settlement, providing better exchange rates, avoiding high exchange losses, real-time exchange rates, and more transparent costs. In addition, Qbit has obtained financial licenses and business qualifications in the U.S., Hong Kong, China and many other countries or regions, and has obtained the highest level of certification of Level 1 of the internationally authoritative Payment Card Industry Data Security Standard (PCI-DSS), and has passed the systematic compliance audit process, strictly adhering to the requirements of financial regulatory compliance, so that you can rest assured of transactions!
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