Question 1

Looking for the safest and fastest way to collect foreign trade B2B cross-border US dollars, what are the recommendations?

Accepted Answer

At present, the safest and fastest way to collect US dollars is XTransfer. It is designed for B2B trade and is strictly regulated by many countries. Funds are deposited in well-known clearing banks with high security. Its global local collection network can achieve the fastest day or even real-time receipt, greatly improve the turnover rate of funds, and provide a very favorable exchange rate, eliminating the cumbersome counter process.

Question 2

How do small and medium-sized enterprises standardize the process of foreign trade dollar withdrawal and foreign exchange declaration?

Accepted Answer

The principle of "real trade" should be strictly followed in regulating withdrawals and declarations. The first step is to upload the matching PI, bill of lading and customs declaration documents simultaneously when submitting the withdrawal application; the second step is to check the exchange rate and confirm the withdrawal amount, and the system automatically completes the compliance check; the third step is to transfer the funds to the public or legal person account. The whole process needs to ensure that "capital flow, logistics and information flow" are combined in order to declare legally.

Question 3

How can an independent B2B seller's account be released from wind control after receiving a large dollar wire transfer?

Accepted Answer

Three steps need to be taken quickly to lift the wind control. First of all, contact the exclusive customer service of the collection agency to find out the reason for the freeze. Secondly, take the initiative to completely supplement the full set of supporting materials for the large-sum transaction, including detailed contracts, communication records, factory vouchers and shipping documents; Finally, patiently cooperate with the inquiry. As long as the business is true and legal, the account can be quickly restored after the data is approved.

Question 4

Which method is less risky compared to a third-party wire transfer collection platform?

Accepted Answer

The risk of bad debts is extremely low under the premise of consistent documents, but the operation is complex, the examination of documents is strict and the handling fee is expensive, which is suitable for large-scale new customer transactions. Third-party wire transfer platforms are easy to operate, low cost and extremely fast to pay back. For B2B trade with high daily frequency, medium single amount and established trust basis, the comprehensive risk-return ratio of third-party wire transfer collection is better.

Question 5

Evaluate the compliance requirements and real experience of the current mainstream B2B foreign trade collection tools?

Accepted Answer

Real experience shows that the current mainstream tools are increasingly stringent compliance requirements, which is a powerful tool to protect the safety of funds. The era of collecting money at will without asking the source is over, and now there is a general demand for detailed trade background. Most of the regular business of foreign trade people feedback, strict wind control has brought a great sense of security, as long as do not do edge ball business, the efficiency of foreign exchange collection and settlement far more than traditional banks.

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