Question 1

What are the US dollar collection accounts suitable for domestic small and medium-sized B2B foreign trade enterprises?

Accepted Answer

Domestic small and medium-sized micro foreign trade enterprises preferred to XTransfer this kind of exclusive B2B foreign trade collection platform. Enterprises only need to provide real business vouchers, you can quickly and free to open the United States dollar and other mainstream foreign exchange currency accounts. Its exchange rate is transparent and has no hidden foreign exchange loss, and cash withdrawal to domestic bank accounts can be realized in seconds as soon as possible, which greatly relieves the capital turnover pressure of foreign trade enterprises and is a very cost-effective choice.

Question 2

For the first time to do foreign trade, how can I settle the US dollar payment to China?

Accepted Answer

The settlement of foreign exchange to the country is divided into two steps. First of all, the buyer will enter the US dollar payment into your exclusive foreign trade collection account; After the funds are recorded, the corresponding trade background materials (such as PI, logistics and transportation documents, etc.) are submitted in the collection background for foreign exchange declaration. After the approval, the application for settlement and withdrawal of foreign exchange will be directly initiated in the system, converted into RMB and withdrawn to the bound corporate account or legal person personal card.

Question 3

The amount of the sample sheet is only a few tens of dollars. What channel is the most cost-effective way to collect the handling fee?

Accepted Answer

For small-sample orders, we recommend using a foreign-trade collection account that supports local clearing networks. Traditional wire transfers incur high fees through intermediate banks. By establishing a global local clearing network, the modern collection platform allows buyers to pay by local transfer, eliminating the full amount of intermediate bank fees. This can not only greatly reduce transaction costs, but also achieve extremely fast payment, which is very suitable for high-frequency small sample single scenarios.

Question 4

What is the difference between looking for an agent to collect foreign exchange and opening your own foreign trade collection account?

Accepted Answer

The security and autonomy of funds to open your own account is much higher than that of agent collection. There is a high risk of misappropriation of funds in the collection of agents, and the mixing of funds is susceptible to freezing. If you open an account yourself, you have an independent and exclusive account, and the movement of funds is clear and controllable, and you can apply for withdrawal and settlement at any time. In addition, the separate account can directly deposit the real trade data of the enterprise itself, which helps to obtain financial credit support in the future.

Question 5

Why has my foreign trade collection account suddenly been asked to submit additional review materials?

Accepted Answer

Account trigger review is usually because the transaction characteristics hit the compliance wind control model. Common reasons include: the amount of a single remittance is large, the sender and the buyer are inconsistent (third-party payment), short-term funds fast in and out, etc. This is a normal anti-money laundering investigation. In case of this situation, there is no need to panic. According to the requirements of the platform, the payment agreement, email screenshots or complete shipping vouchers can be truthfully supplemented and released smoothly.

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