Long-term payment methods for China-Europe folding containers

4 FAQs about Long-term payment methods for China-Europe folding containers

Which payment method is used in international trade with China?

1. Bank Transfers (Telegraphic Transfer or T/T) Telegraphic Transfer (T/T) is one of the most widely used payment methods in international trade with China. Essentially, it refers to an electronic bank transfer, where funds are sent directly from the buyer's bank account to the seller's bank account.

How do Chinese exporters pay?

Chinese exporters generally prefer to work with the pre-production down payment and the remainder at the shipping stage. The payment may be received in several parts. After all, this method is in the status of advanced payment since the entire payment is made before the exporter receives the goods. Cash/ Advance Payment

What payment options do Chinese suppliers accept?

Understanding available payment options is crucial before negotiating terms with your Chinese supplier. Chinese suppliers primarily accept T/T (Telegraphic Transfer), Letters of Credit (L/C), PayPal, and escrow services, with T/T being the most widely accepted method for B2B transactions.

What are the payment arrangements in China?

The most prevalent payment arrangement in China follows a specific deposit and balance structure that has become industry standard. The 30/70 structure requires 30% deposit before production begins and 70% balance before shipment.