做 TikTok 跨境电商的朋友，很多时候第一单爆单的兴奋，往往会被"收不到钱"浇灭。 有卖家对我说过："单子出了 1000 多单，但钱卡在收款账户里动不了，比没卖出货还煎熬。" TTSOP跨境互联 一站式提供TikTok账号 + 静态住宅IP，专为带货直播打造爆量通道。 所以，真正的跨境生意，不是单纯把产品卖出去，而是——钱能不能安全、快速、低成本地回到你手里。 今天这篇文章，我们就聊清楚 TikTok 跨境电商收款的几条主线，让你少走弯路。 一、常见的跨境收款方式 目前 TikTok Shop 官方支持的主要跨境收款渠道有以下几种： 1. Payoneer（派安盈） 适合 订单量大、多个市场同时运营 的卖家。 2. Wise（前身 TransferWise） 适合 小卖家、个人号、轻量级业务。 3. 其他渠道 1. 多币种账户管理 优势：TikTok Shop 的深度合作伙伴，官方收款首选。 功能：可开立多个币种账户（美元、欧元、英镑、日元等），统一提现到国内银行。 亮点：提现到中国大陆银行账户一般 2-3 个工作日内到账。 缺点：手续费偏高，汇率差也要考虑。 优势：汇率透明，手续费低，到账快。 功能：非 ...

Core Insights - PayPal Holdings, Inc. (NASDAQ: PYPL) was last analyzed on July 17, with a recommendation of "Strong Buy" based on the assessment that the stock is undervalued [1] Group 1 - The analysis emphasizes actionable investment ideas derived from independent research [1] - The investment style promoted by the company aims to provide clear and unambiguous recommendations [1] Group 2 - The company claims to have assisted its members in outperforming the S&P 500 while avoiding significant losses during periods of high volatility in both equity and bond markets [2] - A trial membership is offered to potential investors to evaluate the effectiveness of the company's investment strategies [2]

Core Insights - The article highlights the significant wealth accumulation of new immigrants in the United States, with the top ten billionaires born overseas amassing a total wealth of approximately $867 billion, comparable to Switzerland's GDP [1][2]. Group 1: Individual Billionaires - Elon Musk has a net worth of $393.1 billion and is the founder of Tesla and SpaceX, originally from South Africa [3][6]. - Sergey Brin, co-founder of Google, has a net worth of $139.7 billion and was born in Russia [9][11]. - Jensen Huang, co-founder of Nvidia, has a net worth of $137.9 billion and hails from Taiwan [12][16]. - Thomas Peterffy, founder of Interactive Brokers, has a net worth of $67.9 billion and was born in Hungary [13][15]. - Miriam Adelson and family, owners of the Las Vegas Sands casino empire, have a net worth of $33.4 billion and were born in Israel [16][19]. - Rupert Murdoch and family, owners of a global media empire, have a net worth of $24 billion and were born in Australia [20][22]. - Peter Thiel, co-founder of PayPal, has a net worth of $21.8 billion and was born in Germany [23][25]. - Jay Chaudhry, founder of cloud security company Zscaler, has a net worth of $17.9 billion and was born in India [27][29]. - Jan Koum, co-founder of WhatsApp, has a net worth of $16.9 billion and was born in Ukraine [30][32]. - Kingston Technology co-founder Dov Ziv has a net worth of $14.1 billion and was born in China [33][35].

Core Viewpoint - PayPal's recent stock drop of 9% following its Q2 financial results is viewed as an overreaction, primarily due to a significant decline in free cash flow, which is attributed to timing issues rather than underlying problems [1][3]. Financial Performance - In Q2, PayPal generated free cash flow of $692 million, down 49% year over year, raising concerns among investors [1]. - The company maintains its long-term expectation of $6 billion to $7 billion in free cash flow by 2025, indicating confidence in future performance despite the recent decline [3]. - Q2 revenue growth was modest at 5%, with active accounts increasing by only 2% [4][10]. Profitability and Shareholder Value - PayPal has improved its transaction margin, with transaction margin dollars increasing by 7% in Q2, outpacing revenue growth [5]. - The company has been actively buying back stock, resulting in a 20% year-over-year increase in earnings per share (EPS) for Q2, which is favorable for shareholders [6]. User Growth and Transaction Trends - Active account growth has stalled at 2%, and there has been a concerning 4% drop in transactions per active account on a trailing-12-month basis [10][11]. - The decline in transactions per account began in Q1 and appears to be accelerating, raising caution among investors regarding revenue growth potential [10][11]. Future Growth Potential - PayPal owns Venmo, which accounts for 18% of its total payment volume, and has seen accelerated growth, with a 12% increase in Q2 [12]. - The announcement of PayPal World, a partnership for interoperability with major digital wallets, could enhance adoption and growth, although its impact will be clearer post-launch [13]. Investment Outlook - Despite current growth challenges, PayPal stock is considered a buy, with the caveat that its growth may not surpass the S&P 500 in the next five years [14]. - The company is viewed as low-risk due to its substantial free cash flow and ongoing stock buybacks, which should support modest EPS growth even if overall growth remains sluggish [15]. - The significant drop from its 52-week high provides a margin of safety for investors, with potential for market-beating returns if growth initiatives succeed [16].

Core Viewpoint - PayPal's stock has underperformed in 2025, with a year-to-date decline of approximately 17%, contrasting with a 2% rise in the S&P 500, while the company's financial results show mixed performance, focusing on profitability over revenue growth [2][3] Financial Performance - In Q1 2025, PayPal reported earnings of $1.33 per share, exceeding expectations, but revenue was $7.8 billion, reflecting only a 1% year-over-year increase [2] - PayPal's revenues have grown at an average rate of 7.8% over the past three years, compared to a 5.5% increase for the S&P 500 [6] - Quarterly revenues increased by 4.2% to $7.8 billion in the latest quarter from $7.7 billion a year earlier, while the S&P 500 saw a 4.8% increase [6] Valuation Metrics - PayPal's price-to-sales (P/S) ratio is 2.3, compared to 3.0 for the S&P 500, indicating it may be slightly undervalued [4][6] - The price-to-earnings (P/E) ratio for PayPal stands at 17.8, while the S&P 500's is 26.4, further suggesting a relative undervaluation [6] Profitability - PayPal's operating income over the last four quarters was $5.8 billion, with an operating margin of 18.1%, compared to 13.2% for the S&P 500 [7] - The net income for PayPal was $4.1 billion, resulting in a net income margin of 13.0%, which is higher than the S&P 500's 11.6% [7] Financial Stability - PayPal's debt was $9.9 billion, with a market capitalization of $70 billion, leading to a debt-to-equity ratio of 13.4%, lower than the S&P 500's 19.9% [9] - Cash and cash equivalents account for $11 billion of PayPal's total assets of $81 billion, resulting in a cash-to-assets ratio of 13.3% [9] Downturn Resilience - PayPal shares have experienced a decline of 41.9% from a peak of $308.53 in July 2021 to $71 currently, which is worse than the S&P 500's peak-to-trough decline of 25.4% during the same period [11] - During the COVID-19 pandemic, PayPal shares fell 20.3%, compared to a 33.9% drop for the S&P 500, indicating some resilience [11] Overall Assessment - PayPal's performance across various metrics indicates a strong operational performance and financial standing, leading to the conclusion that the stock is fairly priced and could be a solid buy [12][14]

Financial Data and Key Metrics Changes - PayPal demonstrated steady progress during fiscal year 2024, reinforcing the board's confidence in management's ability to build on the company's strong foundation [3][4] - The preliminary voting results indicated that the advisory vote to approve the compensation of named executive officers was approved, and the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2025 was ratified [26] Business Line Data and Key Metrics Changes - The company is transitioning from a payments-only model to a comprehensive commerce platform, focusing on personalized shopping experiences and expanding its product offerings [31][32] - PayPal is investing in agentic commerce, which represents a paradigm shift in shopping behavior, allowing consumers to shop through agents and conversationally [29][33] Market Data and Key Metrics Changes - Consumer spending and the labor market have shown resilience, although the impact of tariffs and trade policies on global economic activity remains uncertain [37] - The company is maintaining its full-year guidance to allow flexibility in navigating macroeconomic environments [38] Company Strategy and Development Direction - PayPal's strategy includes four growth drivers: winning checkout, scaling omni-channel, growing Venmo, and driving profitability in payment service providers [32] - The company aims to leverage AI to enhance customer experiences and create a dynamic smart wallet that optimizes payment choices [31][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategy and navigate uncertain times, emphasizing a solid foundation for long-term growth [40] - The leadership team is focused on innovation and disciplined execution to create long-term value for shareholders [36][40] Other Important Information - The annual stockholder meeting was conducted virtually, allowing global participation and ensuring equal rights for stockholders [5][6] - The company has established clear processes for submitting and responding to stockholder questions, with a commitment to transparency [7][8] Q&A Session Summary Question: How is PayPal taking advantage of the opportunity in agentic commerce? - PayPal believes agentic commerce represents a significant opportunity, enabling personalized shopping experiences and connecting consumers with merchants through AI [29][31] Question: Do you expect that PayPal's global business will be impacted by the rapidly changing tariff and trade policy environment? - Management noted that while consumer spending remains resilient, the impact of tariffs on global economic activity is uncertain, but the company is focused on profitable growth [37][38] Question: Why does PayPal include equity compensation as part of its total compensation package? - Equity compensation is crucial for attracting and retaining top talent, aligning employee interests with those of shareholders [39]

Group 1 - The article discusses PayPal Holdings, Inc. and previously provided a "strong buy" rating based on its treasury stock analysis [1] - The focus of the previous analysis was on actionable investment ideas derived from independent research [1] Group 2 - The company has a track record of helping members outperform the S&P 500 and avoid significant losses during market volatility [2] - The service offers a trial to assess the effectiveness of its investment methods [2]

Core Viewpoint - PayPal is experiencing a shift in market sentiment, with unusual call option activity indicating bullish expectations for the stock's future performance [2][3]. Group 1: Market Activity - Unusual call option activity for PayPal has increased significantly, with up to 124,040 call options traded, representing a 35% increase from the usual volume of 92,203 [3]. - The stock currently trades at $62.27, which is 67% of its 52-week high price of $93.66, suggesting potential upside for investors [6]. Group 2: Analyst Sentiment - Analysts have set a 12-month price target for PayPal at $88.00, indicating a potential upside of 41.32% from the current price [7]. - Monness Crespi & Hardt analysts reiterated a Buy rating for PayPal, estimating a fair value of up to $90 per share [8]. - The stock's short interest has declined by 11.6% over the past month, indicating a shift in sentiment among bearish investors [10]. Group 3: Earnings Forecast - Analysts forecast earnings per share (EPS) for PayPal to reach $1.39 in the fourth quarter of 2025, a 25.5% increase from the current EPS of $1.11 [11].

早在 2009 年——就在贝拉克·奥巴马（Barack Obama）上任之后，那时许多严肃的思想家还在庄重 地预测种族主义和共和党的终结——蒂尔就在卡托研究所（Cato Institute）发表了一篇题为《一个 自由意志主义者的觉醒》（TheEducation of a Libertarian）的文章。 文中，他几乎预测并构想了特朗普及其追随者正在付诸实践的一切：政府机构的大规模解构、历史 多样性的抹除、监管和公共援助的削减，甚至对加密货币的痴迷。 导 语：彼得·蒂尔在一篇文章中写道："试图教育广大民众，已成为一种徒劳的尝试。" 彼得·蒂尔（Peter Thiel）赢了。 在特朗普（Donald Trump）政府混乱的首月背后，隐藏着一套由蒂尔精心策划的政治蓝图。这位亿 万富翁科技投资人、PayPal 联合创始人、Gawker 终结者，早已为当下的政治局势铺好了道路。 的确，《2025 计划》（Project 2025）为特朗普的反政府战争绘制了蓝图，埃隆·马斯克（Elon Musk）也正以他在 Twitter 施展的大刀阔斧方式清除联邦工作人员。但蒂尔主义（Thielism）远早 于这一切。 斯坦福大学（S ...