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    1. bymannan is offline

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      #1

      Paying Chinese suppliers - Which is the best method to send a payment to China?

      Hi all,

      I am trying to deal with suppliers from china, they do take paypal but only if the paypal fees are on me. So this way I have to pay 4.5% extra. How do you pay your suppliers in China?

      Bank transfer is a bit cheaper but takes more time, and I am trying to drop ship so I can't wait that long.

      Thanks all!
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    2. Thank you for this post:

      chinabuy1.com (23 Oct 2014)

    3. WholesaleMod's Avatar
      WholesaleMod is offline

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      #2
      Hi Bymannan,

      Welcome to Wholesale Forum

      For low value cross-border transactions, you are unlikely to find anything cheaper than online payment gateways, and in particular PayPal.

      PayPal is the most widely accepted payment method for low value international transactions, due to its worldwide reach and convenience: PayPal Global - All countries and markets - PayPal. PayPal might not appear the cheapest at first, however other gateways tend to transfer additional costs to the merchant, ie your Chinese supplier, who is then less likely to adopt them as their preferred payment method.

      If your Chinese suppliers have a US bank account, then they should be able to open accounts with other payment gateways that charge lower transaction fees, for example Moneybookers.com - Fees - Online Payments - Money Transfers

      For small value international transactions, PayPal is nearly unbeatable. Even more so if you use PayPal's MassPay to pay your supplier.

      Hope this helps
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    4. Thank you for this post:

      chinabuy1.com (23 Oct 2014)

    5. bymannan is offline

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      #3
      Thank you very much for the info.

      So wait, with paypal mass pay, the receiver does not pay fees? Is there a minimum for number of receivers that can get the payments? the fees seem to be very small, 2.0% up to 1$?

    6. vibecn is offline

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      #4

      Quote:

      Originally Posted by WholesaleMod View Post
      Hi Bymannan,

      Welcome to Wholesale Forum

      For low value cross-border transactions, you are unlikely to find anything cheaper than online payment gateways, and in particular PayPal.

      PayPal is the most widely accepted payment method for low value international transactions, due to its worldwide reach and convenience: https://www.paypal.com/worldwide/. PayPal might not appear the cheapest at first, however other gateways tend to transfer additional costs to the merchant, ie your Chinese supplier, who is then less likely to adopt them as their preferred payment method.

      If your Chinese suppliers have a US bank account, then they should be able to open accounts with other payment gateways that charge lower transaction fees, for example Moneybookers.com - Fees - Online Payments - Money Transfers

      For small value international transactions, PayPal is nearly unbeatable. Even more so if you use PayPal's MassPay to pay your supplier.

      Hope this helps
      Yes, Paypal is the best for now.

    7. Kavana285 is offline

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      #5
      I pay by credit card or wire transfer as there is more buyer protection in case they are scammers. Do not pay with western union there is no trace and very easy for scammers to take your money and nothing can be done this way.

    8. skyeshopping is offline

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      #6
      PAYPAL or Western Union is fast .

    9. jkmcg is offline

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      #7
      Most Chinese will not accept Paypal because of the fee they are charged and because they must wait to get their money.
      They do not accept credit cards because credit cards are difficult to get in China and the fees for the seller are too much.
      Most only accept bank transfers or Western Union or MoneyGram.
      Unfortunately there are many scammers in China, probably as many as there are legitimate companies.
      MoneyGram has lower fees than Western Union.
      The Chinese always pass that cost onto you so when you get a price you must always add the money transfer fees to the cost.
      It is actually no different, we all pass the cost on to the final buyer, unless the final buyer doesn't buy our product.

    10. VolumerateChina's Avatar
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      #8
      Generally, PayPal and bank transfer are used by most Chinese for small value international transactions. As to mass Wholesale Orders, Wire transfer and Western Union payments would be better.

    11. jkmcg is offline

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      #9

      Quote:

      Originally Posted by VolumerateChina View Post
      Generally, PayPal and bank transfer are used by most Chinese for small value international transactions. As to mass Wholesale Orders, Wire transfer and Western Union payments would be better.
      I would like to know some Chinese companies that accept PayPal. I have found that if they accept PayPal they are 20-30% higher for the products, sometimes 50% higher and they charge an extra 8% to 11% for using PayPal. I have been searching for reputable Chinese companies that accept Paypal without gouging you for using it.

      One can check the Chinese commerce sites and look through all of the businesses that advertise on the sites and only find a handful that accept Paypal.

      If you know of good companies in China that accept Paypal please tell me as I have searched for over a year and have not found them unless I want to pay retail.

    12. VolumerateChina's Avatar
      VolumerateChina is offline

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      #10

      Quote:

      Originally Posted by jkmcg View Post
      I would like to know some Chinese companies that accept PayPal. I have found that if they accept PayPal they are 20-30% higher for the products, sometimes 50% higher and they charge an extra 8% to 11% for using PayPal. I have been searching for reputable Chinese companies that accept Paypal without gouging you for using it.

      One can check the Chinese commerce sites and look through all of the businesses that advertise on the sites and only find a handful that accept Paypal.

      If you know of good companies in China that accept Paypal please tell me as I have searched for over a year and have not found them unless I want to pay retail.
      which kind of products you sell?

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