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- What is the process of international B2B collection?The basic foreign trade collection process is: after both parties have signed a contract, the seller needs to ship the goods to the buyer and provide the specific information and details about the goods. Then, the buyer need to do the payment acording to the payment method of the contact. The payment method could be wire transfer, credit card, or using third-party first payment platform (such as XTransfer). When the seller confirms receipt of the goods, both parties complete the settlement and file the order.
- How to register as an Amazon Seller?The threshold of being a Amazon seller is not that high. The main thing is to prepare the relevant information and documents it needs, and the money for a start-up. Secondly, because the transaction payments are in usually US Dollars, you need to provide a receving account which accept the target currency. After having these materials, you can go to the official website to register the seller account.
- What is HS Code?HS Code, or Harmonized System Code. It is often used in international trading. It is a standardized numerical method of classifying traded products, and it is used by customs authorities around the world to identify products when assessing duties and taxes and for gathering statistics. The code is divided into chapters, headings, and subheadings, providing a detailed description of goods. You can use this link: https://www.xtransfer.com/hscode to search the HS Code for your products.
- How to find the exchange rate?There are several ways to check exchange rates. The first is to use your bank's official website or app; many banks have exchange rate lookup services. The second way is to browse financial websites, which usually provide information on foreign exchange rates. The third is to browse forex trading platforms, such as Xtransfer, which also provide access to exchange rates and their trends. You can use this link to search the exchange rate: https://www.xtransfer.com/exchange-rate/usd-to-cny
- How many foreign currency accounts can foreign trade companies apply for?A foreign trade company can typically apply for multiple foreign currency receiving accounts, but the specific number may depend on the requirements of different banks and regions. Different banks have varying limits on the number of foreign currency accounts; some banks allow businesses to open multiple foreign currency accounts to handle transactions in different currencies. In certain countries or regions, there may be regulatory requirements regarding the number of foreign currency accounts. It is advisable to consult local financial regulatory authorities or professional advisors.
- How do I receive payment on Alibaba?Let me briefly introduce the platform first. Alibaba is one of the biggest international trade site. It provides a low-cost and efficient way to let the quality manufactures and suppliers to meet thir customers. However, some payment methods provided by Alibaba will charge certain service fees. I usually recommend to use offline transactions to avoid unnecessay cost. For example, using XTransfer or other reliable cross-border trade payment platform. It can reduce the cost, and it is very convenient to open an account and collect payments.
- How can I transfer money from Hong Kong back to the Mainland China?The truth is international money transfers are usually expensive and restricted. But there are other ways to solve this problem. For example, you can use a third-party payment platform such as XTransfer, and then remit the money to a mainland bank. By using Xtransfer to send money to Mainland China, it can usually arrive in less an hour. Furthermore, there are no intermediary bank fees. For beginners, choosing an experienced third-party organization will be easier and more convenient.
- How to transfer money overseas to China?In fact, there are many options for remittance to Mainland China, but we usually would choose the way that is faster, charges less fees, or it has a wider acceptance of the destination country.So for the new beginners, I would reccommend to use XTransfer for remittance.The main reason is that it is easy to operate and the transfer speed is really fast. I hope you will like it.