How can I pay for my order?

T/T

It's a direct bank transfer. The importer remits the money to the exporter through the bank. It's divided into front T/T and back T/T. Before T/T, the importer pays first, and the exporter delivers the goods, which has lower risk to the exporter. After T/T, the exporter first delivers the goods, and the importer pays after receiving the goods. The exporter may face a certain risk of collection, but this method is more beneficial to the importer.

L/C

A conditional payment promise made by a bank acting as an intermediary. The importer applies to the bank and the bank notifies the exporter after examination. The exporter delivers the goods according to the terms of the L/C and presents the documents. The bank will pay as long as the documents meet the requirements. This method has certain guarantees for both sides, but the procedures are relatively complex and the cost is high.

Collection

This includes documents against payment (D/P) and documents against acceptance (D/A). D/P means that the importer can only get the shipping documents after payment. D/A means that the importer can obtain the documents after accepting the bill of exchange, the former risk is relatively small. Collection depends on the commercial credit of the importer, and the bank only assists in collection.

Escrow

It is an online payment guarantee service. The buyer first pays to the third-party platform, and after confirming the receipt of the goods, the money will be transferred to the seller, which protects the interests of both buyers and sellers, and is suitable for cross-border e-commerce small transactions.

Western Union

Money can be quickly transferred, generally after the buyer pays, the seller relies on the remittance monitoring number and other information to withdraw money. Its advantage is that it is fast, but the cost may be higher, and there is a certain limit on the transaction amount, which is suitable for small emergency remittances.

PayPal

It is a world-renowned online payment platform. The buyer pays through a PayPal account, and the seller can withdraw the money after receiving it. It is convenient and fast, but there are risks of account freezing and higher fees, and it is often used for cross-border e-commerce transactions.