Foreign trade receipts explain

In the foreign trade industry, it is known that choosing different payment methods has a direct impact on transactions to varying degrees, and it is now an era of Internet shopping. Foreigners have always advocated credit card spending. They are really a cardholder and they are everywhere. proud. This is very different from the traditional concept of consumption of Chinese businessmen. There is a cloud in Sun Tzu's Art of War: knowing oneself and knowing oneself and winning all battles. Therefore, to be a successful foreign businessman who can enter the foreign market and even pick up the foreign trade market, understand your product target, the consumption habits of the product consumer group is the first step for foreign trade to go first! Briefly introduce the existing general foreign trade Foreign exchange payment method:

1). Telegraphic transfer (T/T) wire transfer is suitable for large-value transaction payments. Remittances need to go to a designated bank or handling point. This is very troublesome for small payments, and the calculation of the charging cost is complicated, even if the other party is close by. The location does not have a corresponding bank or handling point, and this transaction will be lost in vain.

2) Letters of credit (L/C) The letter of credit and telegraphic transfer are insignificant. It is a written document issued by the bank in accordance with the requirements and instructions of the customer and conditionally promised payment. This has a certain degree of protection against refusal to pay, and the use of this payment method for transactions in areas of low integrity can guarantee a reduction in losses.

3) Western Union (Western Union) can send and withdraw funds from the Western Union agent locations in most countries in the world. Customers can follow the methods provided below to apply for Western Union's money transfer services. If there is any unclear place, they can log on to the Western Union website () or Contact its US Customer Service Department directly. It takes about 3 days to 5 days to pay in this way. China Post is one of the Western Union's Chinese agents.

Western Union's remittance limit is $10,000 or equivalent, which is known around the world for reliability, safety, and convenience. It and the wire transfer, the letter of credit in the calculation of the remittance fee is complicated, even in the small payment, the average cost increases instead.

4), PAYPAL and other multi-channel international payment channels, PayPal is the most convenient and safest method for sending and receiving payments for multinational sales. Moreover, its multi-currency feature allows you to provide buyers with payment options in sixteen different currencies. PayPal saves much more time than going to the bank or filling out and mailing a paper check. And it takes a few days for the check to clear, and PayPal can liquidate it instantly. And PayPal uses SSL technology to ensure information security. Also, if you use PayPal to send a payment, the recipient will not receive your sensitive financial information, such as your credit card or bank account number. This way you don’t have to worry too much when you pay someone you don’t know.

Although the PAYPAL payment method is safe and fast, there is a very inconvenient place for domestic use in China. It is unable to withdraw cash directly in the country, which increases the turnaround time of funds.

5) Cash payment This transaction method is 100% safe, but it also hinders the completion of about 95% of international trade. The identification is completed!

Having learned so much, everybody thinks that the Internet is a very convenient platform for international trade. If there is a matching payment platform to support foreign trade transactions, think about how many scattered overseas customers we have. But it is infinitely broad to bring them together!