I plan to do export agency business and am not very clear about payment - related operations. For example, how do customers usually pay me? And how should I transfer the money to the principal later? What procedures and precautions are involved in the middle? I hope experienced friends can explain in detail so that I can avoid detours. Thank you all in advance!
The company plans to expand its overseas photovoltaic business. Due to unfamiliarity with the export process, it wants to find a well - known and reliable photovoltaic export agency company in Qingdao. It hopes that the agency has rich experience in customs declaration, logistics, customs clearance, etc., and can guarantee the service quality. The best answer recommended Zhongshitong, which has rich experience in the field of photovoltaic export agency, accurate and fast customs declaration, excellent logistics solutions, strong customs clearance ability, and a good reputation, which can effectively guarantee the photovoltaic export business.
I'm new to export agency business and want to know if overt and covert commissions still exist in this field, including their operational details and business impacts. The best answer confirms both types remain: overt commissions are explicitly stated in documents and directly deducted by foreign clients, while covert commissions are privately paid after receiving full payment. Overt commissions offer transparency for cost calculation, while covert ones require compliance attention.
It is said that someone has just started the entrepot trade business and doesn't know how to receive payments in China, worrying about affecting the capital flow and trade process. The best answer points out that common payment methods include opening a foreign currency account through a domestic bank, which is simple and safe to operate, but the review standards of each bank are different; an offshore account can also be used, which has strong flexibility, but attention should be paid to its maintenance; third - party payment platforms can also be used, but the handling fees may be high, and compliance should be noted in all cases, and trade documents should be retained.
It means that there is a batch of buffalo horns that need to be imported and exported, and considering finding an agency company, asking about the reliability of the import and export agency of buffalo horns, precautions when choosing, and the advantages of agency services. The best answer says that agency services are professional and convenient, familiar with the process, master policies and regulations, and have resource advantages. When choosing an agency, it is necessary to examine its qualifications, experience, etc. Choosing the right agency can make the import and export of buffalo horns more efficient and smooth.
Our company recently has sea freight export needs but lacks experience, so we're looking for a professional, reasonably priced, and well-known sea freight export agency. The best answer recommends companies like Zhongshitong, which has extensive industry experience, a professional and efficient service team, competitive pricing, and excels in handling emergencies and ensuring transportation safety, providing high-quality sea freight export agency services.
The company plans to engage in entrepot trade but has doubts about foreign exchange receipts and payments, inquiring about practical procedures, precautions, and relevant policy regulations. The best answer states that foreign exchange receipts involve overseas clients transferring funds to the company's foreign exchange account, while payments require submitting documents like contracts for bank review before remittance. Key operational considerations include ensuring complete documentation, matching fund flows with goods flows, and complying with foreign exchange policies and regulations.
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Professional consultant answers
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
For collecting payments in export agency, the common way is to let foreign customers directly transfer the payment to the agency company's account. After the agency receives it, deduct relevant fees such as agency fees, and then transfer the remaining amount to the principal.
First of all, a detailed agency agreement should be signed with the principal to clarify the rights and obligations of both parties, especially the payment settlement terms, such as the agency fee standard, payment time, etc.
Secondly, when receiving foreign payments, it is necessary to handle foreign exchange entry and settlement of exchange procedures in accordance with regulations, and pay attention to the possible impact of exchange rate fluctuations. After that, when transferring to the principal, ensure that the principal provides compliant invoices and other settlement basis to avoid tax risks.
At the same time, make records of each payment for easy subsequent account checking. In short, only by standardizing operations and clarifying responsibilities can the smooth flow of payments be guaranteed.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
After the payment arrives, communicate with the principal in a timely manner to inform about the payment situation. Transfer the money according to the time agreed in the agreement and do not delay. Confirm that the principal's account information is accurate before transferring.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Foreign customers have various payment methods. Telegraphic transfer (T/T) is relatively common, which is safe and has a fast arrival time. When operating, pay attention to asking the customer to indicate relevant business information in the remittance memo for easy checking.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
In terms of settlement of exchange, pay attention to the real - time exchange rate and choose an appropriate time for settlement of exchange to earn a little more exchange rate difference. Also, when settling with the principal, keep all vouchers for future inspection.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
If the payment is settled by letter of credit, carefully review the terms of the letter of credit to ensure that the conditions can be met for smooth collection. If there are any problems, communicate with the customer in a timely manner for modification.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
When handling foreign exchange business, comply with the national foreign exchange management regulations, otherwise you may face penalties. If you are not clear, consult the bank or the foreign exchange management department more.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
When negotiating the agency agreement with the principal, the dispute resolution method regarding the payment should also be clarified, such as agreeing on arbitration or litigation to avoid subsequent disputes.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
When recording payments, record details such as date, amount, source, and destination. This is not only convenient for yourself but also helpful for the principal to query.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
A payment early - warning mechanism can be established. For example, if the payment is overdue, contact the customer in a timely manner to understand the situation and take corresponding measures to ensure the safety of funds.