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- 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 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 do I receive payments from my own online store?Unlike marketplace platform sellers, the payment process for independent sites, starts from the point where the consumer pays, not from the point where the money is in the account to be withdrawn. It indicates that platform sellers can apply the payment methods that the platform has structured, while independent online shop need to prepare their own payment methods on the website, which requires finding a third-party payment company, such as XTransfer and other commonly used ones. To judge if a third-party payment company is suitable, you can focus on the following points: the company's qualifications, existing customers, transaction rates and account opening fees and other costs, payback cycle and payment success rate. In addition, many third-party payment companies provide both independent website collection and platform collection business. I do not recommend choosing such a company, generally speaking, these companies are difficult to do both. I suggest that sellers who do independent websites choose professional third-party payment companies. I personally use XTransfer, hope it helps.
- How to choose a good cross-border remittance platform?If you are engaged in cross-border e-commerce, you will definitely encounter the question "Which cross-border remittance platform is more reliable?"Usually we can judge the performace of a platform through several dimensions: firstly, safety and authority. We usually hope that the third-party agency we cooperate with can safely keep our money and have the ability to transfer it between multiple countries.The second is whether it is cost-effective, and finally is to see whether it is simple to operate and easy to manage.Clear operation and interface can be convenient for every customer.For recommendation, XTransfer is a platform that is worth using. It has over 450k gloabal users and it is the world’s leading cross-border trade payment platform.
- 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.
- 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.
- 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