How should I collect payment when I first start doing foreign trade SOHO? Which has the smallest risk and the longest term? Is there anything I need to pay attention to?
1. Collect foreign exchange through an affiliated company, that is, through a professional The import and export agency collects foreign exchange and exports. The agency is responsible for preparing export customs declaration information, collecting foreign exchange, settling foreign exchange, paying suppliers, writing off, tax refund, and handling documents required for customs clearance, such as CO, invoice certification, and certificate of origin certification. , trade financing, letter of credit review, etc. and advance tax refund. The usual operation is as follows: A. The individual/SOHO signs a contract with the customer on the agency's name, and makes the customer's payment to the agency's account. C. After the agency settles the foreign exchange, press The instructions require that the payment be paid to the designated supplier account (it is equivalent to domestic trade between the agency and the supplier, and the supplier must be a general taxpayer and can issue a value-added tax invoice) D. The factory starts production after receiving the deposit (just For example, the specific payment method will be negotiated by the actual supplier and buyer). After production is completed, E, the agency is responsible for all customs declaration export matters and required documents. F, after export is completed, the agency will let the factory issue a receipt based on the customs declaration pre-recorded form. VAT invoice. G. After receiving the VAT invoice, the agency will pay the profits and tax refund (advance payment) to the designated account (personal income tax must be paid, which can be deducted with the expense invoice).
2. Collect foreign exchange through personal bank cards. It is becoming more and more difficult to collect foreign exchange from personal accounts. If foreign customers call from personal accounts, small amounts can be collected. If calls are made from public accounts to personal cards, it is generally not possible. Specifically, it can be collected. Consult the bank. Receiving foreign exchange in a personal account is only suitable for small amounts and occasional emergencies. Considering international remittances, intermediary banks generally charge a fee of 25-50 US dollars. At this time, using PAYPAL or Western Union will be a better choice. Note: Personal accounts receiving foreign currency payments are subject to a limit of US$50,000 per year. This US$50,000 is the combined limit of all bank cards, not US$50,000 per account. Generally, the trade process for collecting foreign exchange in personal accounts is as follows: A. Make PI to the purchaser, and the account on the PI is a personal account; B. The customer pays to the designated account; C. Arranges production after receiving the payment; D. Arranges shipping matters, usually based on the declared amount, determines the shipping method : No more than 5,000 RMB, and the billable weight does not exceed 100KGS. You can declare informally and export directly; if customs declaration is required, you can pay the bill for export; you can also hand over the goods to the cooperative freight forwarder or express agent, and the other party will be responsible for handling all export matters. .
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3. Collect foreign exchange through PAYPAL. PAYPAL and Western Union are the best channels for collecting small amounts of foreign exchange. PAYPAL is completely free for the payer, and the payee’s handling fee is usually 10 cents.
It is also very convenient to use PAYPAL to receive money. You only need an email address. Regardless of whether you have registered PAYPAL or not, you can receive remittances from PAYPAL. Like Alipay, PAYPAL remittances arrive instantly. If an email address is not registered With PAYPAL, you can collect the remittance first and then register a PAYPAL account. It is quite convenient.
How to choose between PAYPAL and wire transfer (T/T): The intermediary bank fee for wire transfer (T/T) is usually 25-50USD , we take the middle value and calculate it in US dollars: divide by US dollars. That is:
When the remittance amount is less than 852 US dollars, use PAYPAL to receive the payment, so that the bank handling fee is lower
When the remittance amount is greater than 852 US dollars, use T/T, that is, bank wire transfer. Due to increasingly strict foreign exchange controls, it is increasingly difficult to withdraw US dollars in PAYPAL to domestic banks. Currently, it is best to withdraw PAYPAL funds to China Construction Bank, 2000 If the amount is less than USD 3,000, it can be credited to the account after confirmation by phone. For amounts greater than USD 3,000, you need to fill in a registration form at the counter and it can be credited smoothly. This has been confirmed by many foreign trade colleagues in areas including Shenzhen, Guangzhou, Xi'an, Changzhou, etc., and in other banks In case of rejection, CCB can deposit into the account. There is another bank that can successfully deposit into the account, which is Chouzhou Bank. This requires an individual industrial and commercial account in Yiwu to open an account. (PAYPAL withdrawals to Chouzhou Bank do not occupy the US$50,000 limit) Approximately The roadmap is as follows:
Paypal payment→Paypal withdrawal to Yiwu self-employed US dollar account→Yiwu self-employed foreign exchange settlement→Personal bank card. You can withdraw the balance of your PayPal account to your account in China, Hong Kong or the United States 's bank account. You can also apply for a check from PayPal. The method to withdraw cash from your PayPal account is as follows: 1. Go to the account page. 2. Click Withdraw under your PayPal balance. 3. Select the withdrawal method and follow the instructions to complete the withdrawal.
Processing times may vary for each withdrawal type. Please see the detailed information below:
4. Receive remittance through Western Union Western Union is the world's leading express remittance company with a history of 150 years. It has the world's largest and most advanced electronic remittance finance. The network and agent outlets are located in nearly 200 countries and regions around the world. Western Union is the most popular payment method for sellers. The payee does not need to bear any handling fees. The payee can receive as much as the payer pays. After the customer pays , merchants usually receive the money within ten minutes.
Charging information:
Western Union fee schedule (except for remittances to Africa) Amount of remittance (USD) Handling fee (USD) Below, US dollars; -- US dollars; -- US dollars; -- US dollars; -- US dollars.
How to receive Western Union remittance: The method of receiving Western Union remittance is very simple. There is no need to open a separate account. You only need to provide the following Information to the buyer, you can pay through Western Union (WESTERN UNION):
The payee needs to provide information:
FIRST NAME: Name (Chinese pinyin name)
LAST NAME: Last name (pinyin of last name)
ID CARD Number: ID number
Address: House number, street, city, national postal code (English address, this You can write your residential address or the address on your ID card, it doesn’t matter)
Telephone Number: Just write your mobile phone number. As long as you provide the above information, you can successfully receive the US dollars paid by the buyer. Remittance Finally, the customer will tell you a MTCN (ten-digit monitoring number). Through this number, you can check whether the remittance has arrived on Western Union's official website. Note: Western Union remittances can also be returned, so be sure to withdraw the remittance first. Shipping. After getting the MTCN number, you can go to the nearest post office or Agricultural Bank of China to collect Western Union remittance.
5. Collect foreign exchange through the factory export model. This model is the last resort, and it is really the most helpless thing for SOHO. choice. When the customer insists on leaving important information such as their brand on the packaging or product, or for some other reasons, the customer inevitably comes into contact with the factory. SOHO has only the only choice - to borrow flowers and offer Buddha's greetings to both parties. Asking for commission as remuneration, SOHO should be mentally prepared to be abandoned by both parties at any time unless there are special circumstances. Of course, nothing is absolute. If the relationship between SOHOer and the factory is very strong, then this method is not in vain to be a good solution.
How to avoid risks When I was in the small home appliance foreign trade group before, the group leader Fei Ge I once gave the author a few small ways to avoid being affiliated with factories, and I shared them with friends for reference: First, make good suppliers, which is the key to success or failure. Supplier requirements: good quality, decent scale, good character, it is best not to do it Go through the exit. Be a villain first and then a gentleman. We are one family to the outside world and two families to the inside; use the name of the factory to make a website that is completely your own. On the website, you will leave your own information in the company introduction and contact information. For address and certification purposes, etc. Factory. In this way, the space for maneuver is relatively large. You can advance and attack, retreat and defend. Even using the factory’s account to collect payments/exports is no problem. Later, when you have your own company and account number, you only need to write one on the website. Just make a change statement, because, for customers, the company's independent website is highly authoritative. Use a double header for the signature, and leave your fictitious English company name (to be registered in the future) and the Chinese name of the factory. Bind the two headers together. This will make it easier for customers to explain when they have questions.
The role of the factory: prepare customs declaration documents, collect foreign exchange, write off, tax refund, display on the bill of lading SHIPPER, certificate of origin EXPORTER, The seller of the packing list invoice for export customs declaration;
The role of the buyer: shown in the bill of lading CONSIGNEE/NOTIFY PARTY, the certificate of origin CONSIGNEE, the buyer of the packing list invoice for customs clearance at the port of destination;
The capital flow direction of this model: the buyer directly transfers U.S. dollars to the factory, the factory collects foreign exchange and writes off the tax refund, the factory pays RMB commission to SOHO, and the buyer pays foreign currency commission to SOHO's private account. It is best if you have an offshore account. The customer will remit the commission and factory payment directly to the offshore account. The commission from both parties will remain in the account and the remaining amount will be transferred to the factory. However, please note that this amount should be consistent with the previous customs declaration amount (this part will be discussed in the next issue) Detailed introduction). No matter from which aspect you look at it, this method is very passive. The funds cannot control the initiative, and the realization of personal interests is risky. SOHO should strengthen communication with factories and customers, find its own position, and minimize the possibility of being abandoned. If there is an offshore account, the factory needs to cooperate in issuing two sets of documents with different amounts, one for the factory's own customs declaration and one for customs clearance for the customer.