Quoting from [read]:
Thanks in advance !!
Read,
Perhaps if you phrased your question a little better you might get more responses. I can tell you how it works from the side of a merchant.
Your customer comes to you (in your physical store or online store) and picks out an item to buy. At the checkout stage the customer gets to choose payment options. If the customer chooses a credit card (Visa and Mastercard are the most used... followed by AmericanExpress) they either give you the card to run though the system provided by your bank or in the case of an online store, they input the account number and safety code (on the back of the card), their billing address, and confirm the amount of the purchase. Once confirmation is done (either by physicall signing the slip, or by confirming the cost) the customer has bought the item. If in a physical store they walk away with the product... if an online store you send the product to them within 24 business hours.
Then comes the part that all merchants hate. The bank or payment processing company takes a hefty little commission on all sales made with a credit card. Total mine comes to 4.19% (with the hosting company and payment processing company each taking their share of each sale). Which means that the percentage that the cerdit card companies take from me hits my profit margin pretty significantly, when they are already pretty slim to begin with (on the retail side). This is why many merchants will provide a discount to customers who pay in cash or with any kind of verified funds.
So, how do you come to accept cards??? Go to your bank and apply for a merchant account with credit card processing capability. I would shop around and see what the best option is for you.
This seems like a relatively simple answer I've given you... but I know that credit cards are not common in China yet, so many companies may not know how they work. If you need further clarification please don't hesitate to ask.
--tworivers
thanks so much , all because a Indian guy , he wants me original mp4 player . 150usd / pcs , but it was quite strange he wanted 5 for samples , and he said he only accepted the credit card ......
I think 5 is quite alot for sample , maybe he has a shop on line .ahahaha
![[em11]](http://img.alibaba.com/images/eng/style/icon/emoticons_sweat.gif){kind=icon}
Read,
It could very well be that this Indian gentleman has an online shop. I think he simply wants to test your products to make sure they work well AND wants to test your customer service to see how you (your company) handles your customers. Doing a very small buy in this case is extremely smart on his part.
Using a credit card is a very secure method for him, too. Just make certain that you have sent the items using a courier that includes a tracking number (and REQUIRE a signature), so that you can prove that the item was delivered to him. This protects you in case he (or anyone else for that matter) tells their credit card company that they never received the item. You can prove they did with the signature that the courier will have on file.
If you have any further questions please do not hesitate to ask. Good luck. Glad to know you have a buyer!
--tworivers
you could find some info here as well:
http://money.howstuffworks.com/credit-card.htm
Read,
I would be VERY careful on this deal. 5 samples? That is a lot for an mp4. Also paying by credit card from india/
I would make very very sure that this is not a stolen credit card. This sounds more like a stolen card or a child who wants to buy 5 mp4's for himself and friends with fathers credit card!!
Be careful on this one!
answering your question about 5 samples of Mp4, Maybe he has online store that wants to try out your product, to see if it sales, or maybe he just starting out in his business venture that he can't afford more items. I am not surprise about the credit card payment, Most buyers wants protection for their purchase and specially when is a small order. One way, that you can protect as seller, is to ask him to fax you a copy of an picture ID as well as front and back of the credit card to make sure the legitimate of the card, If in case of dispute you have some proof of the purchase.
hope this help you
Regards,
Julio A
Credit cards permit the holder to make purchase online with immediate payments.The credit card provider has limits to the amount the holder is permitted to use for any purpose and can be able to repay in small instalments of monthly sessions.With this in place,if the holder happens to make a purchase online and the product is not delivered and or the product is not what he wanted,he can track you "hands down" using the financial systems or directly through the end recieving bank.That is one of the reasons paypal has to verify all customers using their services to recieve money online because you can only move that money online into a visible bank account.All banks in the world have agreed values and terms permitting them to operate as one body.It is the same you getting your bank your china and his bank to agree on that you can send goods to him without money at anytime if does do so and with a specific day stipulated of when he is going to pay you.If on that promise day,you do not recieve your money of proof of the money on the way to you,then you simply go back to your bank and your baank will hold his bank and you are paid within 24hrs.Many people are now selling low quality goods and giving them state-of-the-art definations and descriptions or even fake goods.
Also remember that there general rules applied to international trade as stipulated by WTO.There are some terms that explains the maximum quantity of sample(s) some one could order and presumably weight is main factor taken into consideration.Also,this guy is not wrong and has the right to buy even 100samples by right.This could be smart enough and wants to know how his money will be handle because having a credit card means you are clean unless for what is not known yet.
Personally,in business terms,I think you should be happy and very greatful to have someone that is about to send you money for your products as a business foundation.That is a serious business guy.Don't let him slip off your hands.Get back to him righ now if you have not done so yet.The most important factor in a business that is looking forward to sucess is networking and not immediate sales.Through this guy if you MOQ is 100pcs,you could find your self shipping thousands every day through his connections and the connection of his connections and so.Be smart."A bird in hand is better than 100 at the top of the tree."I wish my small contribution can.Cheers
I am a forwarder in Shenzhen and I hope every buyer could have nice experience in China,as it may lead to our business!
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