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Is It Possible To Get Credit from a Chinese Supplier?

May 26, 2022

Is It Possible To Get Credit from a Chinese Supplier?

We sometimes get this question from clients who don't have a long experience of working with Chinese suppliers: We have been customers for a long time but they still refuse to give us credit. Is that typical/normal? And the short answer is, yes, it's typical unless you are a large and well-known company. Unfortunately, it isn't common for Chinese suppliers to give credit. Many long-time customers still pay 100% of their orders before they are shipped. And that's part of the "hidden … [Read more...]

Filed Under: Supplier Management Tagged With: paying suppliers, payment terms, sourcing from china

How to Pay Chinese Suppliers by T/T Payment (Bank Wire Transfer)

September 25, 2018

How to Pay Chinese Suppliers by T/T Payment (Bank Wire Transfer)

A T/T payment is a common way to pay Chinese suppliers, but what is this payment type, how to make one, and what FAQs do importers have about the process? In addition, when you're ready to pay a supplier, what kinds of payment terms might you negotiate with them? Follow this link to download these slides for yourself. … [Read more...]

Filed Under: Supplier Management Tagged With: how to pay Chinese suppliers, negotiation, paying suppliers, T/T payments


Weekly updates for professional importers on better understanding, controlling, and improving manufacturing & supply chain in China.

This is the official blog of Sofeast.com.

This blog is written by Renaud Anjoran, an ASQ Certified Quality Engineer who has been involved in chinese manufacturing since 2005.

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