How to pay for goods.

[RobertH]

As many of you know Hui and I are now running a business importing speakers from China and selling them at the local flea markets. Things are going really well our sales are very good and the Dragonlad.... Errr I mean the wife is doing the books and talking to the factory's while I sell them.

We just got a delivery of 320 in 10 days ago and we are already looking in to making another order in the next week or so. My question is dose anyone know a way I can pay the factory for the speakers that wont cost me $40.00 or more each time?

Up till now we have had a friend of Hui's who lives in Shenzhen make the payments for us by going down to the factory's retail location and dropping off the payment. I don't want to impose on the friend anymore since this looks like we may be making monthly orders.

If I have my bank do a wire transfer to the factory's bank it will cost me more then $40.00 each time so I want to avoid that if I can. one of the factory said I could use a online or internet bank transfer, what is that?

One bank said something about a western union transaction to make the payment but I;m not sure what she was getting at.

Can I setup a bank acct in China and then do online transfers into it and make the payments from that acct?

If you have any ideas please send em my way.

Robert

[dnoblett]

Check with your supplier, they may take payments through PayPal, I have bought many things out of China and HongKong either through ebay or alibaba and they worked with paypal.

[warpedbored]

Alibaba is too expensive. I use PayPal. If I deduct the amount from my PayPal balance it only costs me 2 dollars. Check with your supplier and see if they take PayPal or are willing to sign up.