What is Western Union or Money Gram
What is telegraphic transfer (T/T)? [Article]
This is a comment to the article. Please click the link to view the original article.
This is a comment to the article. Please click the link to view the original article.
Post 1 of 31
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!
What is telegraphic transfer (T/T)? [Article]
This is a comment to the article. Please click the link to view the original article.
This is a comment to the article. Please click the link to view the original article.
02 Mar 2006 01:35
Post 2 of 31
I am new trader wanting to Import some products ffrom Chaina The supplier is ready accept payments through L/C. Please explain me how to make payments through L/C what if the seller did't send the product I ordered,
16 Jan 2006 22:49
Post 3 of 31
Dear Mr. Mani,
I think you can make payment throgh L/C when you recept the docuemts you requireed from issuing bank. If you worry about the spplier will not deliver the cargo you ordered. Pls inform them present the B/L of the order you required. Original B/L is the most important document from L/C. Or if you worry about you may receive the cargo you did not want. Pls issue the L/C as detailed as you can. So it is difficult to the supplier to counterfeit all the docs. And then you can claim for compensation according to the L/C.
Do you think so too?
I think you can make payment throgh L/C when you recept the docuemts you requireed from issuing bank. If you worry about the spplier will not deliver the cargo you ordered. Pls inform them present the B/L of the order you required. Original B/L is the most important document from L/C. Or if you worry about you may receive the cargo you did not want. Pls issue the L/C as detailed as you can. So it is difficult to the supplier to counterfeit all the docs. And then you can claim for compensation according to the L/C.
Do you think so too?
17 Jan 2006 01:14
Post 4 of 31
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!
Dear shenjin: Please see the answer to "Dear Noodles" above. I think that will give you a brief introduction on the type of services both companies offer.
20 Jan 2006 15:09
Post 5 of 31
Replying to shenjin:
Dear Shenjin,
Western Union is a financial service provided by Western Union Financial, Inc and its agents. You can send money or make payment from any of their locations to anywhere in the world. All you need to do is to stop by any of their agent's location and fill up a form, however, you must know the name of the person/company to whom you will be making the payment to, and then you pay a small fee depending on the total amount of money you intend to sent and then they will send the money/payment instantly. You will be given a Money Tranfer Control Number that the recipient(s) will need in order obtain the fund from any of their participating banks or agents.
Same applies to Money Gram.
Hope that helps!
Dear Shenjin,
Western Union is a financial service provided by Western Union Financial, Inc and its agents. You can send money or make payment from any of their locations to anywhere in the world. All you need to do is to stop by any of their agent's location and fill up a form, however, you must know the name of the person/company to whom you will be making the payment to, and then you pay a small fee depending on the total amount of money you intend to sent and then they will send the money/payment instantly. You will be given a Money Tranfer Control Number that the recipient(s) will need in order obtain the fund from any of their participating banks or agents.
Same applies to Money Gram.
Hope that helps!
22 Jan 2006 03:39
Post 7 of 31
Western Union or Money Gram are two money courier that his mision is to send and receive money over the world for a comission. The commision depends in the amount of the send and have ranges per send.Normally the person that send the money pay the commision. They are many stores ofboth companies around the world.
06 Feb 2006 06:54
Post 8 of 31
I am corresponding with a China supplier and am about to order samples, and I must confess that I am a bit nervous. Is it risky to send money via T/T - Can it be traced, if anything goes wrong? What is the safest form of payment to overseas suppliers?
I would be grateful if anyone could help me on this point.
I would be grateful if anyone could help me on this point.
13 Feb 2006 04:15
Post 9 of 31
I am presently looking to trade with one of three suppliers two in China and one in Parkistan many request a T/T 50% on order and 50% before shipment but what if nothing arrives? Shouldn't that be 50% on arrival of goods at least in my country?
23 Feb 2006 08:47
Post 10 of 31
Replying to [PosterBoy]:I do not agree to any form of advance payment for any product from existing productline.It may be justified if I order some new product other than normal production of the company or buyer specific service like website development or software.For off the shelf product, advance is unjustified.
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16 Mar 2006 21:17
Post 11 of 31
Dear Sir, I have not see T/T paper before, and I have a client who said he is going to pay me an advance with it, Please I will like you to show me the letter 1st to see the sample before I agree
Regards
Isaac
Regards
Isaac
19 Oct 2006 22:21