Wednesday, February 12, 2020

How to pay to a China manufacturer

Here is my finding on how to pay to a manufacturer in China (outside of the Taopao or Ali Express website).

a) Do not pay by PayPal - they usually charge a service fee of USD 18

b) The best is to get a friend to pay in RMB from a WeChat or AliPay wallet. You can reimburse your friend with SGD using PayNow.

c) Do not use DBS Remit. They ask you to give the bank code CNAP), bank account number, NRIC, name of the payee in English and Chinese and the address. (Actually, they only need the bank code and account number. the other details are to give hassle to their customer and chase them away. It is typical of kiasu Singapore practice).

d) Use Transferwise. They ask for the Union Pay credit card number. (This is easier than getting the bank code and account number).

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