Question 1

Which cross-border payment solution is most suitable for small, medium, and micro-sized foreign trade enterprises?

Accepted Answer

The most suitable collection tool for small and medium-sized foreign trade enterprises is a compliance platform with very low account opening threshold and localized services. Take XTransfer as an example, it is customized for B2B foreign trade and provides a global collection account free of account opening fees and management fees. Companies do not need to travel overseas to enjoy fast arrival and transparent real-time exchange rates, which is the best alternative to traditional offshore accounts.

Question 2

How to deal with foreign trade customers who require third-party payment?

Accepted Answer

In the event of a third-party payment, the customer must be required to provide a payment agreement signed by the three parties. Direct answer: Never blindly collect money. Operation steps: 1. Confirm the background of the payer and check the risk of money laundering; 2. Collect and keep the mail communication records of the buyer, the payer and you; 3. Prepare the real PI and logistics documents; 4. Take the initiative to report to the collection platform and submit supporting documents.

Question 3

How can pure factories collect foreign trade without import and export rights?

Accepted Answer

Pure factories without import and export rights can collect in compliance through market procurement trade or formal third-party collection platforms. Core method: You can use individual businesses or domestic companies to register compliant cross-border collection accounts. Under the premise of real foreign trade orders, the platform will settle foreign exchange into RMB directly into your domestic bank account, the whole sunshine compliance.

Question 4

What is the difference between a local receiving account and a SWIFT international wire transfer?

Accepted Answer

Local collection accounts are cheaper and faster than Swift international wire transfers. Main comparison: 1. Path and speed: Swift needs to go through multiple intermediate lines, which usually takes several days. Local accounts use the local clearing network to arrive on the same day as soon as possible. 2. Fees: Swift will incur expensive intermediate bank fees; local collections are usually free of intermediate bank fees and lower buyer payment costs.

Question 5

How should I complain about the sudden freezing of foreign trade collection accounts?

Accepted Answer

If the account is frozen, stop other operations of the account immediately and contact customer service to obtain the reason. Guidelines for Complaints and Avoidance of Pits: First, do not seek illegal intermediaries in a hurry. Second, according to the requirements of the platform to quickly supplement the real trade materials, including the complete order contract, customs declaration, bill of lading and the two sides communication screenshots. Third, write a clear transaction description letter explaining the source of funds and business model in detail.

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