How many ways are there to receive foreign trade payments? What are the three most commonly used pay

Hello, foreign trade collection can be divided into 2 types.

First, offline, Western Union, MoneyMoneyGram, TT and other offline. Advantages: fast speed, the interests of the seller are guaranteed. Disadvantages: It is easy to generate distrust, and it is a check-in delivery method. To go to the bank to transfer money, it is very troublesome to fill in the information, and it is equally troublesome to withdraw money.

Second, online, that is, direct online transactions. This can also be divided into 2 types. 1. Both parties need to have channel accounts.

For example, PayPal and other electronic wallet forms, advantages: online transactions, convenient. Cons:

It is easy to freeze the account, there are many reasons, again I will not list them one by one, and you have to collect money for withdrawals. 2. Visa and other international credit cards can be directly traded, advantages: convenient, safe, can protect the interests of both parties, in line with the trend of online consumption, the account will not be frozen, 24-hour customer service.

Disadvantages: You need to charge a fee to use it.

Summary: I personally think that the collection method is more good, at least it must be complete, and it cannot be said which is bad and which is good, the customer needs to be practical, in order to bring money, so I recommend that each type be installed.

According to statistics, credit card online consumption accounts for one-third of the total consumption, and this data allows us to have a good understanding of the current foreign trade.

References:

At present, the industry generally uses either T T T/T or L C L/C.

The bank has low fees and is simple and convenient. After receiving the payment, the delivery is not guaranteed to the buyer.

l c Bank fees are high and complicated. It is more secure for both parties. Suitable for customers with large amounts or who don't trust them.

Foreign trade collection methods include letter of credit (L c), wire transfer (t t), cash payment, Western Union, PayPal, moneybooker, moneygram and credit card collection.

The most common are these three ways:

Remittance: "Remittance" is also called "remittance" - a settlement method in which the payer (importer) delivers the payment to the payee (exporter) through a certain payment instrument through the bank. The payer transfers the money to the payer through the bank, and there are four parties:

Sender, beneficiary, remitting bank, remitting bank.

There are three ways to send money: wire transfer, mail transfer, and draft transfer.

Collection: Collection (entrusted collection) - a way for the exporter to entrust the bank of the importing country to collect the money on behalf of the exporter through the local bank.

Collection is a commercial credit, and when the bank handles the collection business, it has no obligation to check whether the shipping documents are correct or complete, nor does it assume the responsibility that the payer must pay. There are four main parties involved in collection, namely the principal, the payer, the collecting bank and the collecting bank.

Similarly, collection can be divided into two ways: bare bill collection and documentary collection.

Letter of credit: L/C is a written document issued by a bank that conditionally promises to pay, and L/C refers to a written document in which the bank (issuing bank) makes payment to a third party (beneficiary) or its designated party with the prescribed documents in accordance with the requirements and instructions of the applicant or on its own initiative, in accordance with the terms of the L/C.

In nature, L/C settlement is first and foremost a kind of bank credit, and the issuing bank uses its own credit as a payment guarantee. The issuing bank guarantees that the beneficiary will fulfill its payment obligations when the beneficiary submits the documents complying with the terms of the letter of credit within the time limit specified in the letter of credit. This is different from the commercial credit nature of remittance and collection settlement, so it is more secure than remittance, collection and settlement.

At present, global information is becoming more and more convenient, and more people use it to directly handle multi-currency accounts, and operate remittances, exchanges, and transfers by themselves, such as CBI Bank in the United States, Shenzhou Pay, etc.

To the public, **, factory, etc.

It is also possible to open an offshore account, such as XT

Xtransfer, this account is aimed at SOHO and small and medium-sized foreign trade enterprises. It is an international TT wire transfer, and there will be no refunds for security.

It can support a variety of foreign trade scene collection: international express orders, sample orders, pay for exports, tax rebates, etc.

The biggest advantage of the account is that the mainland company is free to open an account, and the account is held at zero cost. Able to settle RMB to legal person for private in compliance with regulations. Ode to the group.

1. Telegraphic Transfer (TT): It refers to a payment method in which the remitting bank delivers a certain amount of money to the remitting bank at the request of the remitter, and the remitting bank sends a telegram to the branch or ** bank (remitting bank) of the destination through SWIFT, instructing the remitting bank to pay a certain amount to the payee.

2. Letter of credit (l c): refers to a written certificate issued by the bank to the seller, that is, the exporter, at the request of the buyer, that is, the exporter, to guarantee the responsibility of paying the purchase price. In the L/C, the Bank authorizes the exporter to set up the bank or its designated bank as the payer under the conditions specified in the L/C, and to issue a bill of exchange that cannot exceed the prescribed amount, and to collect the goods at the designated place at the specified time and in accordance with the shipping documents attached to the shipping documents.

3. Western Union: The seller's procedures are relatively simple, and it only takes a few minutes to get the cash. However, because the funds arrive instantly, there will be cases of criminals taking advantage of loopholes to defraud and flee after withdrawing the money, and buyers need to be cautious when using them, especially for large payments.

In addition, if you want to use the Western Union money transfer service, please pay attention to the bank at a dedicated Western Union office.

4. Check: A check is a bill issued by the drawer and entrusted to the bank or other financial institution to handle the check deposit business to unconditionally pay a certain amount to the payee or bearer at the sight of the check, which can be used for foreign trade collection and foreign trade payment. The main purpose is to collect money, but due to the need to mail back and forth, the time to receive money by check can be relatively long, usually a month or more, although the fee is usually lower than that of wire transfers.

6. Sunrate: As an enterprise service company focusing on digital global payment and treasury management, it can provide enterprises with safe, efficient and compliant one-stop B2B foreign trade collection services.

You can open an account on the same day at the earliest.

Multi-currency accounts of major international banks & abundant local collection account options.

Generally speaking, traditional foreign trade collection methods generally include checks, credit cards, PayPal, wire transfers, letters of credit, Western Union, etc., and there are great differences between them.

Since it is **, first of all, the offline collection channel will be directly passed, and the remaining easier way is recommended to use a payment company or open an offshore bank account.

A cross-border payment company is a kind of third-party payment company, which is an independent institution with certain strength and reputation guarantee, and adopts the method of signing contracts with major banks to provide online payment methods for transaction support platforms that interface with bank payment and settlement systems.

Offshore banks are state-recognized financial institutions with banking licenses, which have advantages such as "flexible fund allocation" and "higher account security" than cross-border payment companies, and as long as they are banks, they have a certain ability to clear funds, which is incomparable to payment companies.

CBIBANK is a licensed commercial bank in the United States. For traditional, cross-border e-commerce, overseas investment and financing customers, we provide professional, fast and convenient international banking services. Customer identity security, transaction security, system and data security, KYC and anti-money laundering, four security service mechanisms to ensure the safety of every user's funds.

At the same time, we provide every customer with friendly preferential policies for account opening, 0 minimum deposit requirements, 0 financial management requirements, and low handling fees, escorting small and medium-sized enterprises to open offshore accounts.

There are also those who do foreign trade through personal accounts, and the general foreign trade collection methods are as follows.