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Alternative ways to pay my supplier in China?

Discussion in 'Logistics - Payment & Shipping' started by Ayrton Seller, Nov 11, 2016.

  1. Ayrton Seller

    Ayrton Seller

    Joined:
    Aug 22, 2008
    Messages:
    106
    Hi all,

    I am looking to find a cheaper way to pay my supplier. This is my 4th order so I have a good level of trust.

    I usually pay by CC via Alibaba and I get charged 2.99%

    I know there is also an element of exchange rate involvement too.

    Does anyone have a good alternative where I can ensure a good exchange rate/lower fees?

    Thanks

    Ayrton.
    World First likes this.
  2. liamhawes

    liamhawes

    Joined:
    Apr 19, 2010
    Messages:
    2,103
  3. Ayrton Seller

    Ayrton Seller

    Joined:
    Aug 22, 2008
    Messages:
    106
  4. Ayrton Seller

    Ayrton Seller

    Joined:
    Aug 22, 2008
    Messages:
    106
    Unfortunately, TWise only send dollars to the US not China, they would send CYN, but my recipient needs a Union Pay card, so that isn't straight fwd!

    I guess I need to just get a chunk of capital and then use that from a bank account rather than using the CC!
  5. Dean

    Dean

    Joined:
    May 22, 2008
    Messages:
    9,437
    Currencies Direct and World First send dollars to China.
    SimonN likes this.
  6. Ayrton Seller

    Ayrton Seller

    Joined:
    Aug 22, 2008
    Messages:
    106
    Thanks Dean, will check them out.
  7. SimonN

    SimonN

    Joined:
    Jun 11, 2011
    Messages:
    2,164
    I'd second Currencies Direct and World First. Use them both regularly. Whichever gives me the best rate.
  8. ylliu6688

    ylliu6688

    Joined:
    Dec 26, 2011
    Messages:
    195
    good to know that, thanks for sharing
  9. Cody

    Cody

    Joined:
    Feb 17, 2016
    Messages:
    1,487
  10. World First

    World First

    Joined:
    Nov 9, 2016
    Messages:
    23
    Hi Aryton,

    This is something we can help you with :)

    We offer 185 currency pairings and our process is really simple. To get live rates from a member of our team just give us a call or visit our website.

    If you have any further questions just let us know.

    Amy - World First
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