How to pay Chinese Suppliers? This is an important question that you need to know the answer to when sourcing products from China. Because if you don't do it the right way, you may end up having problems.
In this video we go over basic International Trade Payment Terms, and also common methods used to pay Chinese suppliers, like Bank transfer (T/T), Letters of Credit or LC, and also other payment methods like Paypal or Wise. We'll also be talking about the best ways to pay suppliers on Alibaba, and about Alibaba's Trade Assurance.
To save money on international wire transfers we recommend WISE:
You can transfer money to a local bank account, or can use other local payment methods or even pay from your credit card.
🔗 WISE REFFERAL LINK:
wise.com/invite/u/andreic470
Use this link to register on WISE (formely known as Transferwise). Doesn't cost you anything and you'll be supporting our channel. You'll also get a free transfer of up to 600USD by using our link!
📌 NAVIGATION:
0:00 - What you'll learn
0:35 - IMPORTANT ADVICE
1:09 - International Trade Payment Basics
1:21 - Payment Terms and Protection
3:38 - Bank / Wire Transfer (T/T)
3:43 - Letter of Credit (LC)
4:17 - Paying on Alibaba
5:13 - Paypal
5:36 - Save on TT fees (Wise / Transferwise)
⚠️DISCLAIMER:
The information provided throughout this video is for educational and informational purposes only.
It does not substitute professional consultation of financial, legal or any other nature.
Although TEXIN LTD is a sourcing agent, all the content shared on this channel does not constitute a service provider - client relationship.
This channel is not politically affiliated with anyone. Our videos are looking at facts from a business perspective.
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Негізгі бет How to pay Chinese Suppliers? | Global Trade Explained
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