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Build a new audience and boost your revenue by selling into Taiwan, leveraging our proven global infrastructure to enter new markets with ease..
*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.
Taiwan is considered a developed ecommerce market offering opportunity for growth along with a stable and predictable legal environment. The ecommerce market in Taiwan has experienced rapid growth in recent years thanks to a widespread internet usage and a growing number of young shoppers buying online. Taiwan’s government has actively used legislation to facilitate and regulate the ecommerce market. Taiwan’s ecommerce market has a comprehensive policy infrastructure and a good network of financial, distribution, and credit systems.
At the beginning of 2020, Taiwan launched its first cross-border ecommerce incubator in Taipei, marking an acceleration in its electronic business development. Since 2014, Taiwan has recorded noticeable growth in its digital commerce. The revenue from the ecommerce sector almost doubled in four years, and the share of online retail continuously increased to 5.1% of total retail in Taiwan.
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.
Digital River can support the sales of these types of products for this specific market.
Cards are the most widely used payment method at 46% of the market. Card brands that merchants will want to include are Visa, MasterCard, American Express and JCB. Also in the mix is cash, bank transfers, and digital wallets like Apple Pay and Google Pay. Among the cash options include ATM transfers, cash on delivery, and Konbini (a barcode invoice method that allows customers to pay later at convenience stores like 7-11).
The list below represents the current categories of payment options Digital River supports for this market.