PingPong collects payouts from marketplaces and other sales channels, converts them, and withdraws to a local bank account. For many China-based sellers it is the account that sits between Amazon, TikTok Shop, or similar platforms and RMB settlement.
It is for teams that need licensed collection, FX, and payout in one place rather than a personal overseas card. Compare the live FX rate, payout speed, and which platforms are actually connected before you move a store.
Use it after the store is live and payouts start. Keep KYC documents current, split risk across more than one collection provider if volume is material, and read the fee and FX quote in the dashboard on the day you withdraw.