WorldFirst’s Post

Transcript

China is where millions of products come to life, a global powerhouse in manufacturing that fuels ecommerce businesses around the world. But when it comes to paying your tiny suppliers, sending money can be a challenge. Hey there, I'm Izzy from World First. In this video, I'll walk you through how our solutions can help you overcome payment hurdles and access the vast sourcing opportunities in China. 1st, we help you to pay your Chinese suppliers like a local business. For many cross-border businesses, paying Chinese suppliers involves extra paperwork due to strict payment declaration process and currency controls. But with Wild first, you can send Chinese you aren't directly to business or personal bank accounts without needing offline declarations or facing annual foreign exchange limits. This makes it easier to work with Chinese suppliers, helping you secure better deals. Sending Chinese you want to China has now become simpler to send a payment to your. Chinese business All you need is the suppliers basic information for the payment declaration. For businesses that's their Chinese company name and unified social credit code and for individuals that's their Chinese name and ID number. Then a Japanese bank account and select Yuan as the receiving currency. Upload your supplier contract to create a trade order and get your Chinese Yuan payment quota in the World First dashboard. Then make your payment once the quota is approved. Now let's talk about our instant payment solutions for 1688. com and Tower World. When it comes to bsbsourcingplatforms1688.com and Tower World are two of China's top platforms. They're competitive pricing and extensive product selection makes them a preferred choice by ecommerce sellers. But paying suppliers on these platforms gets tricky when the only currency they accept is Chinese yuan. Traditional banks may involve higher fees, longer processing times, and TDs paperwork. This means that many businesses have to turn to sourcing agents to handle payments. And that's where we come in. Wildfires is the official payment partnerof1688.com. And toward connecting you directly to these platforms for instant payments, simply navigate to the payments page and your Wild First dashboard and click on Worldpay to link your accounts. Once that's set up, you're ready to shop. As soon as you check out your items on 1688.com or Tower World, the funds come out your World First account. With no annual spending limits, your global sourcing is easier than ever. Not only that, our payments are fast and flexible. Payments to China can take 3 to 5 days due to cross-border procedures and foreign currency declaration. But imagine if you could pay just a few hours and get your supply chain moving with world first. It's possible your payments can arrive in hours when paying in 10 major currencies including U.S. dollar, pound, euro, annuum. Even better if you're paying in yuan or to a supply with a wild first account. Takes just seconds. Fast, reliable and available around the clock. Now let's talk about the competitive real time foreign exchange rates that we offer. Converting your local currency to Chinese yuan isn't always easy due to China's foreign currency controls with well, first, you can make that conversion online in real time 24/7 with competitive exchange rates and pay your Chinese suppliers straight into their accounts so you can focus on your business while we handle the details. I hope that was helpful, but if you still have any more questions, we're here to help. Drop your questions in the comments below and we'll get back to you soon. And if you liked this video. Remember to hit that subscribe button catch you in the next video.