PayPal? How to protect myself as a buyer?
When I ask to pay by Pay-Pal the supplier is not interested? Should I lose confidence in working with them?
View ArticleUsing letters of credit with China suppliers
This is a guest post from Renaud Anjoran. Renaud runs a product quality inspection business in Shenzhen and he also writes the truly excellent and perinially helpfulQuality Inspection Tips. My firm...
View ArticleHow to get a Chinese supplier to accept a letter of credit
Some importers start buying in China and are lucky. They find a proper manufacturer and they get good product quality.
View ArticleCan a small buyer get 90 day credit?
Small is a relative term. But since most factory-direct orders to China are above 10,000 USD per shipment, and assuming you are under that threshold, then unfortunately, I am afraid to tell you, from...
View ArticlePayment fraud in China. This season’s edition.
It’s become somewhat of a December tradition to write about China payment scams in December because history shows this is the biggest month for those. Last December, it was Ancient China Business...
View ArticleForming a China WFOE. How long will that be going on?
More from the Doing Business in China Seminar I co-moderated last week.My law firm does a considerable business in forming China WFOEs. Unlike forming a company in the United States, which costs very...
View ArticleNew bank for your China payment? Make damn sure!
I read the other day how antivirus software manufacturers are struggling and mostly failing to keep up with new viruses and malware. I thought of that today when I received the third communication in...
View ArticleMy suppliers do not want to use Paypal. Why?
by Mike BellamyI am trying to purchase Nikon cameras and I find that none of the suppliers are willing to accept payment via paypal, alipay or LC. What is going on with using these secure payment...
View ArticleCommon mistake: Releasing funds after provision of shipping docs
by Mike BellamyWe are in the final stages of placing an order with a new supplier. Our preferred terms of payment are 30% of PO value placed as a deposit upon returned signed copy of PO followed by 70%...
View ArticleSafe payments,safe sourcing
by Mike BellamyWhy is it so hard to locate a “supplier” that will take payments by “Credit Card”? Are credit cards not USED by Chinese people? I ALSO have trouble finding one which will take payment...
View ArticleIs it safe to send payments to a Hong Kong company for China productions?
by Renaud AnjoranMany small importers wonder if sending money to a Hong Kong company is safe. This article will be structured as an FAQ (Frequently Asked Questions) page. I tried to give a clear...
View ArticleCheated by China. Check your insurance
by Dan HarrisThough we have written about this scam a few times previously, I HAVE to write about it again because it just keeps happening, in even greater numbers and in even more diverse...
View ArticleHow to negotiate for slower price increases with your China factory
by Renaud AnjoranSo, your Chinese manufacturers ask for price increases in the 10-20% range. Are you unsure of what to answer?Here are a few tips.
View ArticleWhy suppliers in China quote incorrectly
by Jacob YountIf you have experience in importing from Chinese suppliers, you know it’s very common that quotes are not handled with precision.There are some basic yet deep-rooted reasons why suppliers...
View ArticleCan my China supplier’s liability insurance cover me if there is a recall in...
by Mike BellamyHow do suppliers in China supply liability insurance to cover the buyer in case of a recall? Please advise what options are available?Unfortunately, it is very rare for a Chinese...
View ArticlePrice change shock in China sourcing
by Jacob Yount“Suppliers cannot be trusted; they change the price in the middle of the project!”“They quoted the low price and then did the ol’ switcheroo, just to get me in!”These are common laments...
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Payment methods when importing from China – Complete guide
by Fredrik Grönkvist About to pay a manufacturer in China? The payment method, and the process, often has a major impact on the outcome. In fact, it can spell the difference between success and...
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PayPal payments & general payment terms
by Manuel Becvar Quite often I get asked what the reasons could be that his supplier doesn't accept PayPal? Well it's not because he wants to rip you off and wants to avoid PayPal's buyer...
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RFQ & price research in China – A complete guide
by Fredrik Grönkvist Before you can make a supplier selection you need data. Such data include pricing, tooling costs, MOQ requirements, supplier information, certificates and payment terms.In this...
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Sales quotations: What's behind the factory price?
by Fredrik Grönkvist The quoted price is often the final qualifying factor when selecting a manufacturer. However, there’s more to a price quotation that meets the eye. In this article, we explain...
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