What payment methods and terms should I use to pay a supplier?

Global SourcesUpdated on 2024/05/21

Hot Topics

Just for You

Full Question What methods of payment do Chinese suppliers prefer?

Answer I would say that Chinese suppliers prefer 100% in advance via bank transfer (or better yet- cash) and they would be very happy if you don’t bother to use a contract or PO.

Some buyers are crazy enough to do business that way and if something goes wrong, they have no leverage.

I assume the question is really about what methods will Chinese suppliers accept, rather than what do they prefer.If you are looking for payment methods that are fair to both the buyer and the seller, you may be interested in these links:

Negotiation, Contracts and Payments – The Ultimate Guide

Safe Payments = Safe Sourcing

How to lower my exposure to risk when sourcing?

Source the latest products from verified suppliers on our global sourcing platform, or install our app. Subscribe to our magazines for more in-depth insights and product discovery.

More Sourcing News

  • Leave us Feedback

  • Download App

    Scan the QR code to download

    iOS & Android
    iOS & Android
    (Mainland China)