Win Free Banner Promotion on Alibaba.com!

Simply Discuss Your Favorite Payment Methods

 
With so many choices of payment, it's difficult to know which method is best. That's why we're giving you the chance to share your thoughts and experiences with other Apparel buyers and suppliers.

 
Simply answer the following questions and you could win free banner promotion on Alibaba.com for 7 days!

1.What payment methods do you use and why?

·Telegraphic Transfer (T/T)
·Documents Against Payment (D/P)
·Letter of Credit (L/C)
·Consignment
·Documentary Collections (D/C)
·Documents Against Acceptance (D/A)
·Cash In Advance (CID)
·Cheque and Bank Draft

2. Why do you not use other payment methods?

3. Do you have a funny or serious story about a transaction?

Don't miss this chance to promote your company to thousands of Members in the Apparel industry on Alibaba.com.

 
Winners will be announced on 20 Oct 2009

WE USUALLY USE T/T

By experiences and statistic,
indeed so far T/T and L/C is the maximum that we can apply by situation,
but talking about the guaranty or assurance to get paid or be paid.
the payment system is known as Pay pal or escort service payment.
And one of it is Ali Pay in Alibaba's product.
this system is as a guaranty or insurance upon the transaction.
merely no reason or excuse of cancel payment if the delivery had done.
whilst in LC system although it is at sight irrevocable, still had a possibility
of late shipment and cancel order etc, the waiver still there to occur.
whilst the T/T payment in advance, the buyer not prefer that and even so
there is still a possibility of a cancel payment or order for the remain balance,
meaning that still a risk there. as been mentioned in discussion.
So. it need a 3rd party as the Guarantor about the payment upon the deal
or transaction. And this we only can get it through Paypal or escort system,
A system of 'Payment assurance' for any deal or order.
We only focus in the production and delivery, about payment if by pay-pal or escort svc, we can sleep well at night. no more night mare and heart bit for a paranoid of being unpaid the payment.

Great stories, anyone else? Just go on!

Alibaba brought us much business both at home and abroad. With its high search-engine profile, inquirers can find us easily with the most available search robots, such as Google, Alta Vista, and Bing Beta. Even for the Community Forums, articles are more exposed to the Spiders than any other webisite we know. Ironically, our local customers found us throught the Alibaba site, although we have placed our advertisements in other media such as the Yellow Pages and the Local Business Diectory, the exposure in Alibaba is much greater in force. To know the rate of susceptibility of the various search engines, one must understand how they work and how to make our site to be search-engine friendly. Somehow, this has got something to do with the volume of traffic flow to the Domain name URL address. In e-Commerce, the size of the company does not matter, as much as how well can you promote the product and to be honest and reliable in the transactions. We got buyers from almost every corner of the world, South America, USA, Europe, Middle East, India and even from our own backyard.	Trading in Alibaba is wonderful, and has lots of surprises as well as pitfalls. The learning curve of Internet trading is based on the element of trust, how to be trust-worthy and how not to be cheated. This security issue has to be ironed out and Alibaba has heard our feedbacks and taken the measure to address it with the implementation of ALIPAY. However this is only available to the Chinese supplier, and not the International Gold members. Overcoming its teething problems, the membership pools are increasing for the Internal, the Chinese and the International sectors. The Chinese Gold members are also improving their sales skill, much thanks to Alibaba for the expert training courses conducted to educate them in this new technology and method of selling their products. As the Chinese economy grows, so will Alibaba's and the members in Alibaba will inevitably prosper along with the rising tide. The future still holds a bigger area of expansion, as the B2B portal grows into the developing stage from its milk-teeth infancy of the first seven years. Thank you Alibaba. Street Smart

We prefer paypal and western union,we are dealing daily provisions and cosmetics on the wholesale platform,our products are small and cheap.so the orders are always small. T/T is not suitable for small order because of high fees responsible for customers. However, the majority of my buyers through paypal, a number of other customers would like to thru Western Union. e

Hi

Thanks for attetions.We are hazelnut factory in Georgia.many turkish company comeing to our factory and the paying face to face.

But we reguraly use L/C before shippment.This is beter way to gain customers.We always do via customer requirement.If we saw that customer is real buyer and need our products we do by L/C .Sometime we also use T/T 30% before shippment we prapeing cargo and sending to buyer,after arrive cargo buyer send us another 70% and we send by DHL all original document to pick up cargo.

but almost many customer comeing to our factory and paying cash.Our customer 50% are turkish company the are selling our hazelnuts to europe.

We have intereting to sell brand laptops.Bu we knows one secrets real buyer always filling who is trustable.many customer told us that "we sent money that I filled that I can trust you." Our beter story is that we discovered on our account money transfer that customers sent and for busy reason we fogot customers,but keep contact to buyer this real beter business.We always see that customers is glad to meet us onlineand we gotting order after faw days latter.We always give customer reason to trust us.Thanks

Hi

I saw your article,but I'd lite to tell you that for large order it's not possible to use paypal.We are hazelnut factory and sometime our min order is $120,000 and sometime $500,000 .How you we can accept paypal.but for small order i think it's ok.But I'd like tell something also that there are many  coutrys that paypal don't work and it's not possible to  verify paypal.If you see on paypal accout register coutry list you can disover many coutry that there is no on list.

Thanks

I'm suspecting that this company was being use by scammers or perhaps a victim, Guangzhou Pingjiaping Trading Co., Ltd., I tried to buy laptop to their representative named Ella Wang but she refuses to show some identification to verify that she is really an employee of the said company. I ask her to chat in webcam but she said that I'ts better if we communicate in email and that she has no webcam? My point is they are from China, webcam is everywhere in China, who will beleive that she has no webcam?! When I insisted to send her picture, she send some pictures of chinese model instead.

Alibaba management please make some way to really validate your GOld members, especially those with trustpass, unfortunately they are 50% inaccurate.

I tried to call the company no. but nobody is answering, if they are representing a big company they should have a receptionist to answer the phone.

This people prefer western union and bank transfer payment, and would just limit themselves to communicate via chat in yahoo messenger.

Somebody please do something with this scammers.

Mr. Ong,

Your family name is Chinese, but you have a New Zealand flag.

Please do not make preconceived judgments, or jump into conclusion and started publicizing names and call them cheats/scams.

All Chinese companies are on National Day holidays from 1 to 8 October 2009. Our suppliers are also on holiday, the factory and office is closed, but the person we were dealing with, walked the extra-mile, she sent SMS through her mobile phone, knowing the urgency of our need, she helped us to send the goods to Japan before the ship ETA Estimated time of arrival) and ETD (Estimated time of departure).

Take away the stereo-type mind set that all Chinese companies are bad, there may be a few bad eggs in the basket, and you have to be careful as to brand everyone as bad.

Street Smart