How do individuals collect money when doing foreign trade?

In foreign trade, whether it is an individual soho, an international trading enterprise or even a cross-border e-commerce, payment has always been one of the most concerned issues.

Common payment methods are as follows:

T/T 1. T/T, which is the most common payment method in traditional international trade, the seller receives money directly from the buyer without involving any third party, with low risk but high handling fee;

2.PayPal is the largest online payment provider in the world, and PayPal is the most effective online payment method in cross-border transactions. However, because it is not a banking financial institution, its risk control ability is poor, and cases such as title, account cancellation and fraud are also common;

3. Western Union remittance is fast and low risk, but it often needs to be handled in person at the outlets;

4. Letter of credit, a very common payment method in traditional foreign trade, is extremely safe, but the handling fee is high and the related process is complicated;

5. Credit card collection, because of the high handling fee and high use risk, has basically disappeared;

To sum up, it is nothing more than two categories, the first category of banking channels and the second category of third-party payment channels.

Among them, the first type of banking channels are divided into domestic bank foreign exchange accounts and international bank offshore account, in which the foreign exchange business of domestic banks is relatively complicated and has many restrictions; Relatively speaking, offshore account will be a better choice.