Question 1

Do traditional B2B foreign trade exports, what is the recommended way to receive foreign exchange payment?

Accepted Answer

It is strongly recommended that small and medium-sized foreign trade enterprises use the XTransfer platform focusing on the B2B field for foreign exchange collection. Compared to traditional bank wire transfers, it is faster to review and completely exempt from account opening fees and account management fees. By allocating local collection accounts in Europe, the United States and other places, overseas buyers can operate like paying local payments, reducing intermediate bank deductions, and only 1-2 days to the account, which not only reduces remittance costs, but also enhances customer trust.

Question 2

How to settle the US dollars received from overseas customers at low cost to domestic public households?

Accepted Answer

After receiving foreign exchange through the compliance collection platform, low-cost remittance settlement needs to upload trade documents and initiate RMB settlement application in the system. First of all, the buyer pays to your foreign trade collection account; Secondly, upload the corresponding pro forma invoice (PI) and logistics declaration documents as proof of trade authenticity according to the requirements of SAFE. Finally, after confirming the real-time exchange rate on the platform, click on the settlement of foreign exchange, and the funds can be remitted to the domestic public account legally in accordance with regulations and with zero foreign exchange loss.

Question 3

The sample order is only a few hundred dollars, can the customer pay the public account with a credit card?

Accepted Answer

Yes, but it is recommended to use cross-border payment links that support small receipts instead of traditional wire transfers to save on high fees. Small orders of a few hundred dollars are traditionally very uneconomical for public T/T, and the middle bank may deduct tens of dollars. Through a third-party corporate payment platform, you can generate online payment bills, and buyers can pay directly with credit cards. After the funds have accumulated to a certain amount, the settlement and remittance will be carried out in a unified manner. At the same time, attention should be paid to keeping sample invoices for future reference.

Question 4

Which is better, offshore company collection or direct collection by domestic entities?

Accepted Answer

Domestic main body collection process is simple, suitable for small and medium-sized foreign trade factories, while offshore companies are more suitable for large enterprises with global tax and capital allocation needs. Offshore subject collection is easy to freely allocate foreign exchange funds around the world, but the cost of pre-registration, follow-up audit and annual audit is extremely high; domestic subjects directly cooperate with compliant third-party collection tools, can quickly achieve sunshine settlement and export tax rebates, more suitable for pure traders whose profits mainly stay in the country.

Question 5

Why was my foreign trade collection account suddenly frozen due to risk control measures?

Accepted Answer

Accounts are usually frozen because of unknown sources of funds, lack of real trade documents or illegal access to C- side payments. 1. Received remittances from high-risk areas or unknown third-party accounts, triggering anti-money laundering alerts; 2. Funds are large in and out in the short term, but cannot provide matching customs declarations, logistics vouchers and sales contracts; 3. B2B accounts illegally collect funds from individual consumers. The key to unfreezing is to cooperate with the platform to provide a complete business document chain at the first time.

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