How to receive payments from Korean customers？

If you are planning to export to Korea, or provide service to Korean people, it is absolutely essential to open a local bank account to receive Korean Won. However, it will cost you plenty of time and money to open an account in Korea.  and the language barrier is another issue you should take into consideration. The worst result is that you can't get a bank account due to the documents being incomplete or not meeting the requirements of the bank.

As a pioneer in the international cross-border payment industry, Epay provides two safe, efficient, and economical ways to receive Korean won from customers, and exchange them for the currencies you want in a quite short time.

Epay can not only help you to receive Korean Won from customers but also provides a Korean online bank account opening service for merchants and enterprises when you have quite a big amount of Korean won and need to settle in US dollars or other currencies. 

1. Epay has its own Korea local bank transfer channel to receive KRW for businesses and individuals.

Epay cooperates with local banks and qualified payment/remittance institutions around the world to provide local bank transfer services for users.

Users are only required to register an Epay account, they can deposit Korean Won to Epay and exchange it with other currencies they want, such as Renminbi(CNY), USD, or other 40+ types of local currencies. When paying Won, users only need to enter their name, bank account, and mobile phone number to complete the payment. The Korean won will be automatically converted into US dollars in the Epay account, and it takes 1 minute only.

2. Epay provides KRW virtual account opening service online, which makes fund management more convenient. It is suitable for large-value enterprise users.

A virtual bank account has the same function as a physical bank. Compared with traditional bank accounts, virtual bank accounts are more convenient to operate, and customers can complete all required transactions at any time of the day or night.

Virtual accounts seamlessly help businesses track personal payments and automate the reconciliation process. You can open a virtual bank account with the same name as your company according to your business type to facilitate the management of your funds. 

    ● Price advantage

Open an account with 0 fees. and receive money for free! There is no monthly/annual management fee. 

    ● Safe and reliable

Professional security standards are fully consistent with mainstream entity commercial banks, effectively ensuring your privacy and data security. Account security and fund flow can be known at any time.

    ● Intimate service

Customer service will follow up during the account opening process. Through the computer or mobile app, the user can control all the functions of the account, which is convenient to operate. If you encounter any problems during the transaction, we will also solve them for you online at any time.

Any enterprise that needs to receive Korean won, including e-commerce, games, live streaming, software sales, and other industries can easily obtain a Korean won account through us as long as you can provide standardized enterprise-related information.