Atesco payment Terms–Choose the best payment terms for you
1. Bank Transfer/ Telegraphic Transfer/ TT
Below the explanation from wikipedia:
Telegraphic Transfer or telex transfer, often abbreviated to TT, is a term used to refer to an electronic means of transferring funds. A transfer charge is often charged by the sending bank and in some cases by the receiving bank.
Your Bank—> International Bank–> Different Bank (Beneficiary Bank)
Different International Bank have different bank charge fee, from 10$-40$ for one settled payment. That’s why for some amount like hundred dollars, some suppliers suggest take other online payment like paypal or western union. As like for 1000$ you send, the beneficiary finally maybe only get $935. It nearly cover all proift sometimes. Like right picture show the details.
A customer transfer 1000$–>
The Transfer Fee cost $45–>
International Bank cost charge fee $20–>
The Receiver Gets $935.
The different charge fee cost $65. It’s a big money for 1000$, cost 6.5% of total. Sometimes is nearly the whole profit of a supplier.
2. Paypal & third party payment (trade assurance).
PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
It have below features as below:
- One of the most safe online way, as it can protect your rights. may file a buyer complaint if he or she did not receive an item or if the item he or she purchased was significantly not as described.
- can use credit card.
- money arrive at instantly
- It take charge fee of 4% of total money.
In this way, for sample order cost, or small amount phone accessories cost, we suggest customer use paypal or other online payment instead of Bank Transfer (T/T).
To save time as well as save our money together!
3. L/C (Letter of Credit)
Anyway, we will consider and suggest different payment ways for our good cooperation together. we are the supplier of phone accessories and gadgets in China, you can trust !
