I am a newcomer,I have studied some learning about foreign trade ,but I don't know what Western Union or Money Gram is. Thank you!

Replying to [Resources]:very useful,thanks!

Money does not move physically. The order to pay is wired to an institutions’ casher to make payment to a company or individual. The same principle applies with Western Union and Money Gram....
This what I read but can you explain or eleborate more detail the process or what is the step to do this as a first learner or user

we have clients in other countries which we prefer them to pay t/t what are the req. when transacting t/t ofcourse aside from money deposited in thier account .. we have client requiring us to pay for certification in order to release the money and all how will we know if its scams?

Replying to [Resources]: Its safe this method?what happen if i sent a money, but don't send me the goods, can i returned my money?

Replying to [chelain]:

no it is not safe at all
no garantee you will receive your product no matter if the provider said you are proyected

we have been ripped by a alibaba gold supplier
Kitty/Sales Manager
Longxiang Shoes CO.,LTD
Website: http://xinxia.en.alibaba.com
http://xinxiacn.com
http://xinxia-gift.com
Tel: 86-594-6605685
MSN: hao.588@hotmail.com
TradeManager ID: cn200012774

and we not believe anymore in market with China

Replying to [chelain]:

no it is not safe at all
no garantee you will receive your product no matter if the provider said you are proyected

we have been ripped by a alibaba gold supplier
Kitty/Sales Manager
Longxiang Shoes CO.,LTD
Website: http://xinxia.en.alibaba.com
http://xinxiacn.com
http://xinxia-gift.com
Tel: 86-594-6605685
MSN: hao.588@hotmail.com
TradeManager ID: cn200012774

and we not believe anymore in market with China

Quoting from [shenjin]:


I am a newcomer,I have studied some learning about foreign trade ,but I don't know what Western Union or Money Gram is. Thank you!

r

Quoting from [shenjin]:


I am a newcomer,I have studied some learning about foreign trade ,but I don't know what Western Union or Money Gram is. Thank you!

I am a newcomer, and i have lots of doubt.

What  T/T and T/C (terms of payment ) is ?  

Quoting from [Eddies]:


Money does not move physically. The order to pay is wired to an institutions’ casher to make payment to a company or individual. The same principle applies with Western Union and Money Gram....

This what I read but can you explain or eleborate more detail the process or what is the step to do this as a first learner or user

is this same as Banks wire transfer.Acount to account .

Quoting from [Resources]:

by Tekle Sebhatu

Question:

I am confused about the method of payment to a company that I am going to do some business with in Korea. I want to know what is meant by prepayment T/T. Would this be Western Union or Money Gram or something like that?

Answer:

Dear Noodles: Prepayment or advance payment is a method of payment used in international or domestic transactions where the buyer pays the seller in advance before receiving goods or services. It is a very high-risk method for the importer and with almost no risk for the exporter. An importer can pay the exporter using cash, telegraphic transfer (T/T), Western Union or Money Gram or other payments that is agreed by both parties. Telegraphic transfer (T/T) the most common payment method that requires the use of cable or telegraph (less in use these days) to remit funds. Money does not move physically. The order to pay is wired to an institutions’ casher to make payment to a company or individual. The same principle applies with Western Union and Money Gram.