When  offering  the  payment -condition & terms,  especially for  small  value. 

If  you are not  giving  your buyer some reliable & credible  payment-system,


They  might  be  got   hesitate and  doubt   to  deal  with, 

It is mean  maybe  they  would  cancel  the order !!


implementing  the  payment  by :  Pay  Pal  (Ali  pay) ,  escrow ,  credit card  etc...

that  are  being  a trend or  standard now ?

  

Quoting from [Oneuni]:


When  offering  the  payment -condition & terms,  especially for  small  value. 


If  you are not  giving  your buyer some reliable & credible  payment-system,



They  might  be  got   hesitate and  doubt   to  deal  with, 


It is mean  maybe  they  would  cancel  the order !!



implementing  the  payment  by :  Pay  Pal  (Ali  pay) ,  escrow ,  credit card  etc...


that  are  being  a trend or  standard now ?


  

Completely true. Escrow seems the way to bring some honesty & trust between parties.

 

But not really for standard/ big orders or in some countries,I think.

Quoting from [vancouverrite]:


Completely true. Escrow seems the way to bring some honesty & trust between parties.

    nb: though  in  some countries  escrow  did not existing yrt !   and  many in website are full

    of  scam/fraud  escrow  company ?


    In  Canada ... which  escrow coy  is  reliable  and  credible ?

Quoting from [Joyce Tam]:

But not really for standard/ big orders or in some countries,I think.

     BIg  Order  and  standard  Order ?  to which country/resources  that a big order given to ?

     Talking  about  Big ?  do you  (think)  ever in your life in this 2 decade,  to hear and see

     a  One  Order  in  One thousand  containers ?  lead time  6 month, 

     And  I  was  there,  a man which ever handling/involve  with  that  project.  And what

     happen was ?  even the payment l/c  had to be via SIngapore (Hong Leong Ctr) as escrow

     account.not  direct  to Indonesia ...

     Standard Order ?  you mean  direct sales or 1 x  FCL  for  consumer goods or home

     appliance & apparels ? or  fashion/garment ?  this  things  will be enough  by  Gold credit

     card. ( FYI = In my country to open USD account for corporation is 22,000 USD minim)

      and  my dear,  by  LC  it will be about 1000 USD  for cost ( bank advise; 

     100-250 $, bank's ' fee/comision:  200-500 $, conversion exc-rate  $ 200 -300$,  doc air

      courier: 50-100 $ , tax..  etc )

      So my dear  for  SME  with  low commodity value,  it is not  the way ?

Quoting from [Oneuni]:

Quoting from [Joyce Tam]:


But not really for standard/ big orders or in some countries,I think.

     BIg  Order  and  standard  Order ?  to which country/resources  that a big order given to ?


     Talking  about  Big ?  do you  (think)  ever in your life in this 2 decade,  to hear and see


     a  One  Order  in  One thousand  containers ?  lead time  6 month, 


     And  I  was  there,  a man which ever handling/involve  with  that  project.  And what


     happen was ?  even the payment l/c  had to be via SIngapore (Hong Leong Ctr) as escrow


     account.not  direct  to Indonesia ...


     Standard Order ?  you mean  direct sales or 1 x  FCL  for  consumer goods or home


     appliance & apparels ? or  fashion/garment ?  this  things  will be enough  by  Gold credit


     card. ( FYI = In my country to open USD account for corporation is 22,000 USD minim)


      and  my dear,  by  LC  it will be about 1000 USD  for cost ( bank advise; 


     100-250 $, bank's ' fee/comision:  200-500 $, conversion exc-rate  $ 200 -300$,  doc air


      courier: 50-100 $ , tax..  etc )


      So my dear  for  SME  with  low commodity value,  it is not  the way ?

Actually it is very dificult for most people to understand and realise how difficult the banking system and the import/export modules in Indonesia. It is also very hard for us to fathom the amount of trade Indonesia major trading company is handling, O my dear Oneuni, don't be to upset if we say the wrong thing. Our dear lady is only giving her opinion.

You may be right, with the advent of the WWW, payment system is somewhat different. I would think that eventually, the Escrow system will supersede lots of payment metod but will never overshadow the LC payment for many reasons.

The rest of the methods like the Pay Pal, Credit Card and WU etc has too many fallabilities to be fully accepted. There is still the most basic question of "Trust, on the seller part" when using these methods. Escrow kind of eliminate these problem but it remained to be seen if it is fool proof.

You have raise some very good point about the banking issue in Indonesia and I think many of us in this forum who appreciate and like to know more about. How about writing an article on this issue.

Quoting from [Oneuni]:


When  offering  the  payment -condition & terms,  especially for  small  value. 


If  you are not  giving  your buyer some reliable & credible  payment-system,



They  might  be  got   hesitate and  doubt   to  deal  with, 


It is mean  maybe  they  would  cancel  the order !!



implementing  the  payment  by :  Pay  Pal  (Ali  pay) ,  escrow ,  credit card  etc...


that  are  being  a trend or  standard now ?


  

Quoting from [Oneuni]:


When  offering  the  payment -condition & terms,  especially for  small  value. 


If  you are not  giving  your buyer some reliable & credible  payment-system,



They  might  be  got   hesitate and  doubt   to  deal  with, 


It is mean  maybe  they  would  cancel  the order !!



implementing  the  payment  by :  Pay  Pal  (Ali  pay) ,  escrow ,  credit card  etc...


that  are  being  a trend or  standard now ?


  

in my opinion, to use paypal just for a very small amount probably for samples for trial order, then the real order coming , to use T./T ,LC or some another terms of payment is necessary,

Hi,
When I read your topic that Payment term will effect your slaes/marketing" I am really impressed!! Because I am facing such type of problem.

I am also small handicraft exporters from Kathmandu, Nepal.Most of our cusotmer want to pay by Paypal but we do not have that system.
Telex bank transfer customer do not want to do. Only because of this, i lost 2 nice deals from usa and Germany.

So, here i am hearing about ESCREW payment system. I am hearing this payment system first time. Could you pleas explain me how it works in payment??I am eager to know. It this system is worable for us, that will be great help for my buisness.

Thanking you and awaiting your reply,

My direct business email is- asthamangal@hotmail.com

With best regards,
Ramila Shakya
Asthamangal Handicraft

Quoting from [Ramila]:


Hi,

When I read your topic that Payment term will effect your slaes/marketing" I am really impressed!! Because I am facing such type of problem.

I am also small handicraft exporters from Kathmandu, Nepal.Most of our cusotmer want to pay by Paypal but we do not have that system.

Telex bank transfer customer do not want to do. Only because of this, i lost 2 nice deals from usa and Germany.

So, here i am hearing about ESCROW payment system. I am hearing this payment system first time. Could you pleas explain me how it works in payment??I am eager to know. It this system is worable for us, that will be great help for my buisness.

Thanking you and awaiting your reply,

With best regards,

Ramila Shakya

Asthamangal Handicraft

     Thanks for yr e-mail Ramila,  before we go further, would you pls read to Mr Ranger (Moderator) write/posting  in :
http://resources.alibaba.com/topic/27438/Look_here_for_answers_to_your_questions_first.htm

by the way, please return to yr reply posted above and delete yr e-mail address, it is not allowed to put e-mail address here. it is the Rule of the forum resources. you don't mind?

Quoting from [Oneuni]:


When  offering  the  payment -condition & terms,  especially for  small  value. 


If  you are not  giving  your buyer some reliable & credible  payment-system,



They  might  be  got   hesitate and  doubt   to  deal  with, 


It is mean  maybe  they  would  cancel  the order !!



implementing  the  payment  by :  Pay  Pal  (Ali  pay) ,  escrow ,  credit card  etc...


that  are  being  a trend or  standard now ?


  

I agree with you on the above. However, I have one question in mind who should pay for the extra tranaction fee by the third party (Paypal), escrow. As personally I believe a good relationship between supplier and customer should be working together to maxuimise the mutal benfite between, but giving some of our potential profit to a third party for a small order, do not sound like a perfect situation.