Safe Payment Introduce

Payment is key point in international trade, for your information:

Western union, fast and easy to collect by personal ****, easy for buyers and scammers as well, which is not recommended to newly started suppliers

Paypal, popular in North Americ and Europe, but seldom accepted in China. Most China company never use or never heard Paypal, some company accept Paypal for retail or small quantity order.payment with escrow systemis safe

Wire Transfer, called TT is most common used for China companies. All registered company have company bank acccount. I belive most buyers know how to tell difference between company account and private account, right?

Letter of credit, called LC is difficult for China companies because of high bank cost and special documentary handler, please appreciate it if any company accept LC

Category: Global Trade

Updated: 2013/9/1

Source: Alibaba Forum