This was an article previously written by one of Alibaba's Moderators known as Sixer.

The post had become to large but the intial post can be reviewed at:

http://resources.alibaba.com/topic/5782/Why_China_prefers_TTs_.htm

Sixers Article:

Most Chinse shy away from L/C mode of payment when entering negotiations and insist on T/T mode
Is it ignorence? Is itFear Of Unknown or plain lack of Confidence?
Or they can not meet deadlines of delivery inherent in L/C terms? Feb 16, 2007 Dear Friends, To-day , eleven months after I post this topic, i can feel proud that a large number of members have put forward their views, some of which are really thought provoking. Let us now start thinking and suggesting what are ways and alternatives to this trade barrier of sorts, so that more trade is encouraged and everyone feels secure.

Sixer

 

Hi

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Linda

www.allfreeship.com

www.lookmysky.cn

Quoting from [cooler]:

Quoting from [qzchangsheng]:

Quoting from [Ranger]:

This was an article previously written by one of Alibaba's Moderators known as Sixer.

The post had become to large but the intial post can be reviewed at:

http://resources.alibaba.com/topic/5782/Why_China_prefers_TTs_.htm

Sixers Article:

Most Chinse shy away from L/C mode of payment when entering negotiations and insist on T/T mode



Is it ignorence? Is itFear Of Unknown or plain lack of Confidence?



Or they can not meet deadlines of delivery inherent in L/C terms? Feb 16, 2007 Dear Friends, To-day , eleven months after I post this topic, i can feel proud that a large number of members have put forward their views, some of which are really thought provoking. Let us now start thinking and suggesting what are ways and alternatives to this trade barrier of sorts, so that more trade is encouraged and everyone feels secure.

Sixer

 

 

 

 

 

So...it seems that you prefer LC mode.Why is that?Is there anything wrong with preferring TTmode.The way Chinese ppl doing things is so much different with other coutries,it is better to have the payment TT quickly to be rested assured than to be worried about the unpredicted problems,like delivery time change etc which result in LC amendment charge.And it is also to protect the interests of sellers from being deceived in LC terms.

Would you pls give us a reason why not use TT as the first choice payment?

 

I have used TT payment, but did not receive any goods.

I am still waiting, in the mean time, I have lodged a complaint through alibaba.com

I will be very careful placing any more orders from China, and I will not use TT payments again.

I am sorry to hear that you still not received goods yet. Sometimes ,it may happen in every country. So be careful before you do purchase.

Firstly,you'd better check the company carefully. You should check their webside and the commercial bureau. Actually it is not happened offen. You seams that once bitten,twice shy.

Alibaba service is good, i think they can help you find out that company and give you help. TT is fast as everyone said. Especailly for small orders ,it can save more cost of the buyers.

Our company always do TT, and we can garentee the goods be delivered before the deadline. Our customer satisfy with it very much. It is very convinent for both of us.

Quoting from [Ranger]:

This was an article previously written by one of Alibaba's Moderators known as Sixer.

The post had become to large but the intial post can be reviewed at:

http://resources.alibaba.com/topic/5782/Why_China_prefers_TTs_.htm

Sixers Article:

Most Chinse shy away from L/C mode of payment when entering negotiations and insist on T/T mode

Is it ignorence? Is itFear Of Unknown or plain lack of Confidence?

Or they can not meet deadlines of delivery inherent in L/C terms? Feb 16, 2007 Dear Friends, To-day , eleven months after I post this topic, i can feel proud that a large number of members have put forward their views, some of which are really thought provoking. Let us now start thinking and suggesting what are ways and alternatives to this trade barrier of sorts, so that more trade is encouraged and everyone feels secure.

Sixer

 

 

 

I THINK MOST CHINESE THINK TT IS QUICK AND SAFE.

FOR MANY OTHER PEPOLE,IF THE ORDER IS LARGE,THEY WILL CHOOSE THE L/C

IF THE ORDER IS SMALL, CHOOSE TT IS BETTER RIGHT

Quoting from [import ant]:


I have begun getting used to working with T/T's and it has its benefits for the buyer too..



Yes it has its risks..and that is what i want to raise now.



The GLOBAL ECONOMIC situation as well as developments IN CHINA, even before the crisis, has put many factories in danger of closing!!!



Isn't it time NOW..to work only with L/C so that if a factory should close the money is safe.



I trust ALL of my suppliers..but if they face economic disaster even all the faith in the world will not be helpful.

I am not quite agree with you,T/T Payment has its risk ,But in China.People choose T/T more because not only for cheats your money.

I know there maybe many company closed in China.But you know.still many banks closed under this crisis.Chinese have their mind on consist on T/T.For its covenient.

 

Anyway, it is called negociation.

In my opinion. T/T for small amount

L/C for huge ones.

WELL123123~~~

Quoting from [Ranger]:

This was an article previously written by one of Alibaba's Moderators known as Sixer.

The post had become to large but the intial post can be reviewed at:

http://resources.alibaba.com/topic/5782/Why_China_prefers_TTs_.htm

Sixers Article:

Most Chinse shy away from L/C mode of payment when entering negotiations and insist on T/T mode

Is it ignorence? Is itFear Of Unknown or plain lack of Confidence?

Or they can not meet deadlines of delivery inherent in L/C terms? Feb 16, 2007 Dear Friends, To-day , eleven months after I post this topic, i can feel proud that a large number of members have put forward their views, some of which are really thought provoking. Let us now start thinking and suggesting what are ways and alternatives to this trade barrier of sorts, so that more trade is encouraged and everyone feels secure.

Sixer

 

 

Dear friend,

We adopted T/T as payment terms for nearly all of our customers, as we think T/T is immediately and safely. As we are a manufacturer, sometimes, we need the customers do the payment before shipment.

We also do L/C, If our customers request to do L/C, we will do it.

davadi wrote:

TT OR LC PAYMENT ONLY CHOICE

THERE'RE POSITIVE OR NEG OF TT/LC METHODE. YOU CAN USE BOTH IT'S DEPEND ON YOUR SITUATION

* IF BETTER USE TT PAYMENT IN SMALL AMOUNT

IF BETTER USE LC PAYMENT IN  HUGE AMOUNT

REGARDS,

DAVADI

 Very good

i like t/t because it's fast and safe for our suppiler