Posts Tagged ‘terms’
What payments methods and terms should I use to pay a supplier?
A reader recently wrote in to ask: “what method of payments do Chinese suppliers prefer ? “ 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…
Read MoreCan I Buy On Credit from China?
Can I purchase goods on credit and after I finish selling them, pay the supplier? In other words, can a person buy on credit if he or she does not have money but seriously needs the goods? The answer really depends on your relationship with your supplier. Since most factory-direct orders to China are above…
Read MoreKeeping the buyer safe and fulfilling the procurement
What are the often overlooked parts of a purchase order that could help to keep the buyer safe and fulfill the procurement? Dear Suhas, If you are placing a PO to a China supplier, I would encourage you to have pre-set terms about how defects are to be handled as well as penalties for late…
Read More