Benjamin Reyes
Founder, ALL YOU CAN GROUP · Venezuela
How International Traders Can Simplify RMB Supplier Payments: Benjamin Reyes's Experience with XTransfer
"XTransfer makes doing business in China much easier. When suppliers need to be paid in RMB, it provides a simple and efficient solution."
Challenge
Benjamin Reyes has been living and working in China since 2014. Originally from Venezuela, he founded ALL YOU CAN GROUP, a company specializing in international trade and logistics. Over the past decade, he has built strong relationships with suppliers across China while helping connect Chinese products with overseas markets.
As his business has grown, managing supplier payments has become an essential part of his day-to-day operations.
Working with suppliers across China means every business operates differently. Some manufacturers have USD accounts for international transactions, but many suppliers in wholesale markets, such as Yiwu and Guangzhou, prefer to receive payments in RMB.
For businesses handling larger transactions, this can make supplier payments more complicated through traditional banking channels.
"Not every supplier has a USD account. When they need to be paid in RMB, XTransfer makes the process much easier."
Solution
Today, Benjamin uses XTransfer to simplify RMB payments to suppliers in China. Instead of worrying about how to complete larger transactions, he can manage payments through a solution designed for international trade.
He believes XTransfer has helped solve many of the payment challenges his business has faced while working with different types of suppliers.
"XTransfer has solved many of my payment challenges."
Result
After more than ten years of doing business in China, Benjamin understands that efficient payments are an important part of successful international trade. By making RMB supplier payments easier to manage, XTransfer has become a reliable part of his day-to-day business, allowing him to focus more on building relationships with suppliers and growing his business.