Generally speaking, there are two common ways to receive the payment for goods exported on an agency basis. One is to be received by the agent, and the other is to be received directly by the principal. If it is received by the agent, after receiving the payment for goods, the agent will deduct relevant agency fees and other expenses and then pay the remaining amount to the principal. In this way, the principal should choose an agent with good reputation and compliant qualifications, such as Zhongshitong, sign a detailed contract, clarify the payment time, method and liability for breach of contract to ensure capital safety. If the principal receives it directly, the process should be communicated well with the agent in advance to avoid affecting customs clearance and other links. For example, when declaring at the customs, the information about the receipt of foreign exchange on relevant documents should be accurate. Usually, if the principal has a stable relationship with foreign customers and has the ability to receive foreign exchange, direct receipt of foreign exchange is more conducive to capital control; if not familiar with the process of receiving foreign exchange, receiving foreign exchange through the agent can make use of its professional experience. In short, it should be determined by comprehensively considering one's own situation and negotiating with the agent.
Professional consultant answers
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Generally speaking, there are two common ways to receive the payment for goods exported on an agency basis. One is to be received by the agent, and the other is to be received directly by the principal. If it is received by the agent, after receiving the payment for goods, the agent will deduct relevant agency fees and other expenses and then pay the remaining amount to the principal. In this way, the principal should choose an agent with good reputation and compliant qualifications, such as Zhongshitong, sign a detailed contract, clarify the payment time, method and liability for breach of contract to ensure capital safety. If the principal receives it directly, the process should be communicated well with the agent in advance to avoid affecting customs clearance and other links. For example, when declaring at the customs, the information about the receipt of foreign exchange on relevant documents should be accurate. Usually, if the principal has a stable relationship with foreign customers and has the ability to receive foreign exchange, direct receipt of foreign exchange is more conducive to capital control; if not familiar with the process of receiving foreign exchange, receiving foreign exchange through the agent can make use of its professional experience. In short, it should be determined by comprehensively considering one's own situation and negotiating with the agent.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
It depends on the agreement between the two parties. If the principal has a good reputation with foreign customers, it is convenient to receive foreign exchange directly and can also quickly recover the funds. But if not familiar with international settlement, it is more secure to let the agent receive it. They can handle various collection problems well.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
From the perspective of risk, the agent's receipt of foreign exchange can help review the qualifications of foreign customers and payment terms, reducing the risk of receiving foreign exchange. However, the principal should pay attention to the costs such as agency fees and not let the agent deduct too much money.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
If the principal receives foreign exchange directly, it should pay attention to communicating with the agent in a timely manner, such as informing in a timely manner after receiving foreign exchange. Otherwise, the agent may not know the progress and affect subsequent work such as tax rebate.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Some agents do not pay in a timely manner after receiving foreign exchange. The principal should clarify the payment period in the contract, and there should be penalty measures for overdue payment to protect its own rights and interests.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
If the principal has its own foreign exchange account, the operation of direct receipt of foreign exchange is relatively simple. As long as it coordinates well with the agent on customs declaration and other links.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
No matter who receives foreign exchange, attention should be paid to the risk of exchange rate fluctuations. Especially when the time of receiving foreign exchange is relatively long, measures such as hedging can be considered to deal with it.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
If the agent receives foreign exchange, its capital strength is also very important. Only an agent with strong capital can ensure timely payment to the principal after receiving the payment for goods.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
If the principal receives foreign exchange directly, it may need to be more active in cooperating with the agent in terms of tax rebate to ensure the accurate and timely submission of tax rebate materials.