Payment method
payment
Payment is also something to pay attention to, especially when you’re first forming a partnership. I wish to make suggestions in the following areas:
For small orders, Chinese machinery sellers rarely accept OA, letter of credit is the appropriate payment method.
Wire transfer payment is more common in China. You can choose 30% prepayment and the rest will be paid by a copy of the bill of lading.
For those who intend to do a long-term wholesale or sales business, you can try small orders first and arrange orders after you are satisfied.
If you have done business with Chinese companies or individuals in the past, ask them to review the company’s situation and reduce risks.
Look for familiar freight forwarders, but the fees will be higher.