how do i pay for goods in china?
Post 1 of 44
How to pay for goods in China
I have found a company in china that are going to produce my goods. which is the best way to transfer money? how can i check if the company is reputable? are there any reliable agents that can check this company out as i cannot travel to china now. please could you recommend any book on import and exporting. thanks
I have found a company in china that are going to produce my goods. which is the best way to transfer money? how can i check if the company is reputable? are there any reliable agents that can check this company out as i cannot travel to china now. please could you recommend any book on import and exporting. thanks
Award 10 MVPs (
What's this?
)for the best answer.
11 Mar 2008 16:43
Post 2 of 44
Replying to [lovejoy]:
i think you can ask ur chinese friends to check the company.
they know chinese situation and they can check it easily.
i think you can ask ur chinese friends to check the company.
they know chinese situation and they can check it easily.
13 Mar 2008 00:53
Post 3 of 44
Replying to [lovejoy]:to travel to china might be unpractical, but accredited sourcing agents are available in China...
13 Mar 2008 02:32
Post 4 of 44
Replying to [lovejoy]:
I find most China suppliers who are advertising to do international business have a **** you can wire the payment to in US $ from a USA bank. The China supplier will give you the wire instructions. Remember there will be fees or exchange cost on both ends of the transfer.
Most China manufactures/suppliers are repeatable.. You need to do a risk/reward analysis.. If I wire a small payment to test the response of the supplier, will it hurt me if in the unlikely event the supplier is not reputable??
Remember it is confusing to translate between Chinese and English and there can be misunderstandings. It helps if you can find someone in China or a Chinese in the USA who can contact the supplier and make sure there are no misunderstandings, this will also help verify the credibility of the supplier..
Robert Cox
Shanghai, Shenzhen, and San Antonio, TX USA
rcox@*****.com
Edited by Mod. (contact information are not allow to show on topics)
I find most China suppliers who are advertising to do international business have a **** you can wire the payment to in US $ from a USA bank. The China supplier will give you the wire instructions. Remember there will be fees or exchange cost on both ends of the transfer.
Most China manufactures/suppliers are repeatable.. You need to do a risk/reward analysis.. If I wire a small payment to test the response of the supplier, will it hurt me if in the unlikely event the supplier is not reputable??
Remember it is confusing to translate between Chinese and English and there can be misunderstandings. It helps if you can find someone in China or a Chinese in the USA who can contact the supplier and make sure there are no misunderstandings, this will also help verify the credibility of the supplier..
Robert Cox
Shanghai, Shenzhen, and San Antonio, TX USA
rcox@*****.com
Edited by Mod. (contact information are not allow to show on topics)
13 Mar 2008 02:47
Post 5 of 44
Replying to [lovejoy]:
what kind of goods? and how much is the amount?
if the amount is about $10,000pcs, you can open an L/C, and pointed a third part issueing the INSPECTION CERFIFICATED on the terms, this means a third party would inspect the goods for you.
T/T: if it is just a few thousands $2-3k, you can pay 100% in advance.
if amount above 4k, 30% deposit, balance against fax of B/L. but these all bassed on supplier trustp *, if you are not sure about it, ask anyone to verify them. then everything would be safe.
what kind of goods? and how much is the amount?
if the amount is about $10,000pcs, you can open an L/C, and pointed a third part issueing the INSPECTION CERFIFICATED on the terms, this means a third party would inspect the goods for you.
T/T: if it is just a few thousands $2-3k, you can pay 100% in advance.
if amount above 4k, 30% deposit, balance against fax of B/L. but these all bassed on supplier trustp *, if you are not sure about it, ask anyone to verify them. then everything would be safe.
13 Mar 2008 05:26
Post 6 of 44
Replying to [lovejoy]:
![[em2]](http://img.alibaba.com/images/eng/style/icon/emoticons_laugh.gif)
which company you would like to know?
i can help you, and i want to make friends with you.![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
which company you would like to know?i can help you, and i want to make friends with you.
13 Mar 2008 19:12
Post 7 of 44
Replying to [lovejoy]:It is due to your quantity.If big quantity,may use L/C.But you better arrange somebody to check the quality of productions,if they are below your request,you can refuse.
The other payment for example T/T is not suitable for the two business man in the first time.
If quantity is very small,you can use Western Union or Paypal,
Can you tell me the company's name,maybe I can help you.
It is easy to check if the company is reputable,but hardly to check if it is creditable.
The other payment for example T/T is not suitable for the two business man in the first time.
If quantity is very small,you can use Western Union or Paypal,
Can you tell me the company's name,maybe I can help you.
It is easy to check if the company is reputable,but hardly to check if it is creditable.
14 Mar 2008 03:20
Post 8 of 44
Replying to [lovejoy]:i suggest you to have any agent as it is never advisable to trust a chinese supply.As it not the matter of Money but also for the Quality inspection when loading the container coz even of they dont each in money they can stuff inferior quality product in your container and send it to you .it is just like insuring your deal by giving some premium as a commisiion to the agent.which is very much safe .i hope you understand this.
i am myself a agent for this purpose but i would not force you to contact me but would recommed you to have one if not me.
Wish you Best and SAFE Deal
Rgds
Anshuman
i am myself a agent for this purpose but i would not force you to contact me but would recommed you to have one if not me.
Wish you Best and SAFE Deal
Rgds
Anshuman
14 Mar 2008 05:11
Post 9 of 44
Replying to [lovejoy]:
pls give me email at: ******@gmail.com, ll help you.
Edited by Mod. (contact information are not allow to show on topics)
pls give me email at: ******@gmail.com, ll help you.
Edited by Mod. (contact information are not allow to show on topics)
14 Mar 2008 22:00
Post 10 of 44
Hello!
I am glad to see you on the forum that information.
First of all, let me explain I come from, I called Heeby from China Jiangxi. I now Yiwu a foreign trade company as e-commerce work. I read where you write things, I hope that I can help you on the Yiwu is the world's largest commodity city, and here there are many people to purchase foreign goods. You can find this on the website Yiwu boost some relevant information, if you have the opportunity to Yiwu I can when your tour guides, can you Dainiqu market to the procurement of goods, I was happy to make friends of the girls, was born in 1989 , November 26. Just graduated last year. I have a one year's experience, I hope you can as quickly as possible to achieve your goals. You can give me a message or telephone are hit me, this is my phone number: 158589*****
Sincerely hope that you will achieve your goals.![[em17]](http://img.alibaba.com/images/eng/style/icon/emoticons_shake_hands.gif)
Edited by Mod. (contact information are not allow to show on topics)
I am glad to see you on the forum that information.
First of all, let me explain I come from, I called Heeby from China Jiangxi. I now Yiwu a foreign trade company as e-commerce work. I read where you write things, I hope that I can help you on the Yiwu is the world's largest commodity city, and here there are many people to purchase foreign goods. You can find this on the website Yiwu boost some relevant information, if you have the opportunity to Yiwu I can when your tour guides, can you Dainiqu market to the procurement of goods, I was happy to make friends of the girls, was born in 1989 , November 26. Just graduated last year. I have a one year's experience, I hope you can as quickly as possible to achieve your goals. You can give me a message or telephone are hit me, this is my phone number: 158589*****
Sincerely hope that you will achieve your goals.
Edited by Mod. (contact information are not allow to show on topics)
15 Mar 2008 07:00
Post 11 of 44
I suggest you do not deal with a company that does not accept credit cards, unless you have money to waste.
Is the company communicating with you using a free e-mail address, like Yahoo or Hotmail? Not a good sign.
If they have an e-mail account that isn't free, check them out. Last week I found a few that claimed to be in China, but their e-mail server was in California. Do an Internet search. There's information out there about scams.
Apparently, when you mention this place (Alibaba) to natives in China, they all laugh, because it's a known breeding ground for scams.
Just use common sense. If it sounds too good to be true. It is. Western Union offers you no recourse once you send them your money. I promise you that you'll never hear form them again once you send money. Do not send via bank transfer either. Tell them to use that **** to set up a PayPal account. If they won't, don't send them your money!
Is the company communicating with you using a free e-mail address, like Yahoo or Hotmail? Not a good sign.
If they have an e-mail account that isn't free, check them out. Last week I found a few that claimed to be in China, but their e-mail server was in California. Do an Internet search. There's information out there about scams.
Apparently, when you mention this place (Alibaba) to natives in China, they all laugh, because it's a known breeding ground for scams.
Just use common sense. If it sounds too good to be true. It is. Western Union offers you no recourse once you send them your money. I promise you that you'll never hear form them again once you send money. Do not send via bank transfer either. Tell them to use that **** to set up a PayPal account. If they won't, don't send them your money!
15 Mar 2008 09:39