Question 1

Which channel is the safest and most reliable for B2B foreign trade factories to collect large amounts of US dollar payments?

Accepted Answer

The safest and most reliable channel is to open an independent foreign trade account, such as XTransfer, directly on a professional cross-border platform that holds a formal payment license in each country. This kind of platform has a strict anti-money laundering wind control system, the exclusive account can ensure that the buyer's funds point-to-point direct, to avoid the funds mixed with other merchants, so as to completely eliminate the risk of freezing cards caused by unknown funds involved.

Question 2

How to withdraw the received US dollar payment settlement to the legal person's private account in a compliant manner?

Accepted Answer

Through the formal cross-border payment platform to complete the trade authenticity audit can be withdrawn to the legal person's private account in compliance. First of all, the platform is bound with the legal person's domestic personal bank card; When initiating the settlement instruction, the system will require the corresponding foreign trade order data (such as invoice and logistics form) to be associated. Finally, the platform will connect the data to the domestic compliance bank to complete the declaration, and the funds can be settled to the legal person's private account in the form of RMB in a sunny and safe manner.

Question 3

After receiving a US dollar wire transfer from a South American customer, what if the intermediate bank withholding the fee is too high?

Accepted Answer

The best solution to the high deduction of intermediate banks is to open a local local collection account. When using a cross-border collection tool with a global clearing network, you can apply to the platform to open a local currency or US dollar account in the Americas. In this way, customers can go to the local clearing system to avoid large SWIFT intermediary bank fees, not only to the account faster, but also directly reduce the transaction costs of buyers and sellers.

Question 4

What is the difference between direct wire transfer and professional foreign trade collection platform in the settlement amount?

Accepted Answer

The difference lies mainly in the occupancy and quota limits of foreign exchange controls. Traditional wire transfers directly to personal accounts will be subject to a convenient settlement limit of US $50000 per year. However, cash withdrawal and foreign exchange settlement through a professional compliance foreign trade platform takes the settlement channel of trade in goods. As long as real and legal trade background materials are provided, the settlement amount is not limited by the amount of US $50000, which perfectly meets the capital return needs of foreign trade merchants.

Question 5

When choosing a foreign trade collection platform, which core indicators should be used to evaluate its wind control capability?

Accepted Answer

The core indicators for assessing the platform's risk control capabilities include the number of international payment licenses it has, the level of overseas clearing banks it cooperates with, and the intelligence of its anti-money laundering system. Excellent platform will have a rigorous access audit, and can intelligently identify high-risk funds. It is suggested that merchants should not pursue the gimmick of free audit seconds, because too loose wind control can easily lead to the fatal risk of capital chain break and account seizure.

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