I loose a lot of business as Americans do not trust a Chinese Company to make advance payments. And we need to collect funds in our bank a/c by wire-transfer, no PayPal or credit cards. Any suggestions on how can I make them trust me and my company?
2006-07-14 04:46:11 · 5 answers · asked by luckychina 2 in Business & Finance ➔ Corporations
Trust is not the issue here, convenience is. In the U.S., wire transfers are not common (most of payments are handled with checks); very few people have ever sent a wire or received one. Most banks require you to visit a branch to send a wire transfer (Citibank is the only major bank I know that allows you to send wires online); there is also a fee of anywhere between $10 and $40 for each transfer you send. So wire transfers are usually considered to be a pain in the neck.
What you may want to do is to open a U.S. subsidiary, essentially a shell company with a bank account. Then you can have this subsidiary accept orders and collect payments by check or credit card (and oh by the way, the payments would be sent to a U.S. company, so there is no "China factor" involved). At the beginning, one person can handle all the work you require. Eventually, if things go well, you may want to expand your U.S. subsidiary to include warehousing, so that your U.S. customers can receive their orders from a warehouse in the U.S., rather than directly from China (you can achieve faster order turnaround that way).
2006-07-14 05:11:43 · answer #1 · answered by NC 7 · 0⤊ 0⤋
Americans are smarter than that lol. Not going to happen. Do you trust us to pay you if you ship your product? You will have to take the risk because you are the seller. As americans we have securtiy for our credit cards. Wire transfer sounds like a giant rip off to us. It will never be succesful find another way. Best wishes
2006-07-14 11:52:01 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Hire an American escrow service to act as a go-between.
I wouldn't trust you either. Why would a bank require wire transfer transactions? Sounds phishy to me.
2006-07-14 11:51:35 · answer #3 · answered by Silverglade00 3 · 0⤊ 0⤋
not with all the fraud that goes on out there. Paypal is probably your best bet. If you want to increase your business then you need to advance up to something people will trust!
2006-07-14 11:50:12 · answer #4 · answered by MSHOTTIE 2 · 0⤊ 0⤋
trust them first,no?can u blame 'em?
2006-07-14 11:50:20 · answer #5 · answered by b 4 · 0⤊ 0⤋