PingPong Guide: Marketplace Payout Aggregation and Settlement
PingPong is one of the most widely used collection channels for China-based cross-border sellers, and it solves payout aggregation and compliant settlement rather than buyer-side checkout. This guide covers its two access paths from seller account to embedded payments, account structure and compliance boundaries, the four timestamps of reconciliation and cash planning, hidden costs, and how it divides work with acquirers and PayPal.