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Sending Money to China Sellers
 

So ive been using my paypal to send money for a few years now to my distributors abroad...but i want to discontinue that because i heard its risky and paypal could shut you down..

Is there another way i could send money to them, using AMEX?

Re: Sending Money to China Sellers
 

Do they accept Amex as payment? They would need a cc processor service

Re: Sending Money to China Sellers
 

They dont...

Re: Sending Money to China Sellers
 

why would using pp for overseas dist. be an issue.......? I have done it-----no problrm.
usually they ask me for cc, which is just fine.......no problems after 2 yrs.........

Re: Sending Money to China Sellers
 

how do you pay them in paypal? is it an invoice or do you use the 'send money' button?

Re: Sending Money to China Sellers
 

This is why you should have an account for buying specifically.

Bad practice to do both on one account.

Re: Sending Money to China Sellers
 

yes i just use the send money...

i think going fwd i am going to be using western union with a Visa card.

Re: Sending Money to China Sellers
 

One Visa card right? Not gift card

Re: Sending Money to China Sellers
 

yes actual gift card

Re: Sending Money to China Sellers
 

You have no security against theft on this method.. At least with PayPal your seller knows he can't run away with your money.

You really need to think more carefully about this...

Re: Sending Money to China Sellers
 

Gift card wont give you protection like a real credit card would.

Re: Sending Money to China Sellers
 

I'm close to agreeing a deal with a seller I've never bought from before, they accept all kind of payments methods and after looking into there company they look pretty legit, but still you can never be sure, I've not got to the stage of paying yet but it's close and i know if I use paypal they split the fee with buyer, any advice on what payment method I should use, seller is from china and total I will be sending them is close to £1500,

Re: Sending Money to China Sellers
 

Why a bad practice? Please elaborate with your exact meaning and/or experience.

Re: Sending Money to China Sellers
 

I agree..............

Re: Sending Money to China Sellers
 

You never want to have all your eggs in one basket - if you buy and sell from China on the same pp...PP COULD think of this as dropshipping (one example out of a few)...looks rough

Re: Sending Money to China Sellers
 

Interesting.

My largest volume paypal account handles tens of thousands of transactions in sales and also sends several $10,000(now maximum payment allowed) payments monthly via instant bank transfer and paypal payments to my china companies. Paypal has never had an issue with it. This is not a "Stealth" account and at the same time is not my personal account, but an EIN business account.

Starting July 1st, every china payment will be made with a different paypal account in various amounts. This is to make sure large dollar amounts are not sitting in one paypal account at any time and also to move money out of smaller paypal accounts without attaching a bank account to each one.

How does this future plan sound? Thanks in advance for anyone's input!
Thanks for the input rsot!

Re: Sending Money to China Sellers
 

how about using Western Union and pay with a real Visa Credit card. This way you dont have paypal involved and you still have the Visa credit card protection?

Re: Sending Money to China Sellers
 

In the early days of learning stealth and the days when I knew nothing about multiple accounts, I used to send money to China for stock and sell on the same account.....god did I lose a lot of accounts!

Re: Sending Money to China Sellers
 

Different pp accounts is a decent idea - spread the risk

Re: Sending Money to China Sellers
 

You know how there are oils and oils?

There are paypal accounts & paypal accounts too ;)

A correctly established paypal account that has earned the trust of paypal can operate IN THE MANNER intended as a business account.

If such business involves overseas transactions, paypal actually can accept that.

Piecemeal sellers on a low scale run into the hassles. Putting all eggs in once basket becomes risky.
:peace:

Re: Sending Money to China Sellers
 

I have a great relationship with paypal. It is hard for me to grasp other peoples issues. I get credited for international high dollar cases that ebay wrongfully refunds and I gift tens of thousands a dollars a month through this account with paypals knowledge and understanding, even international.

I truly believe that paypal can be a great asset and friend, far more than ebay under the right situations. I have large lines of credit with them as well. In my situation they are a partner. I am on a first name basis with most people in paypal business call centers in UT and AZ and even send flowers on birthdays and special evens such as birth of a child.

That being said other accounts I personally do not manage and are younger and non EIN, Paypal regularly holds funds for 180 days. I believe much of this is directly related to the account holders credit score.

Re: Sending Money to China Sellers
 

@yankee

Absolutely agree.

Successful use of paypal is in the hands of the user.

But that friend you describe fondly can turn around and damage you.

In all fairness to your business endeavors, you need to be aware of paypal's duplicity.

And they do that damn well.

:mad:

Re: Sending Money to China Sellers
 

I used to feel the same way about ebay, so I know exactly what you mean! HAHA ebay easily cost me a million dollars in lost sales last year for reasons beyond understand. It boils my blood for them to tell me, "We encourage you to work with other ebay sellers and supply them, but we are not going to reinstate your account at this time. Please call every thirty days"
I stopped calling a couple months ago after Zoey explained that someone linked my account to a limited account from 2005 :ban?::mad:

So basically I trust no one at all at any time these days :)

Re: Sending Money to China Sellers
 

Paypal will show you down because you send the payment to china by paypal?

I do not think so ,if you do the legal business and you buy the genuine items from china,how come paypal will show you down?

Paypal can make a lot of money from china,they have no way to give up this big big fish.Of cource they may feel pain for many deals due to ⊗⊗⊗⊗ items sometimes,but this is not the reason they will give up this market,because there are much more legal business being involved in paypal

Re: Sending Money to China Sellers
 

Just keep separate PP's for buying and selling so it doesnt look like you are using sale money to buy products....PP can interpret that badly

Re: Sending Money to China Sellers
 

Personally I don't buy overseas anymore. But I always paid via Western Union. PayPal was always a problem for both them and me. I would always start off with a small sample order, then build up trust. If they delivered, I would increase my orders. Dealing with overseas actually any supplier is risky. I got burned for more money starting up 10 years ago when I was 16 from a scammer in the U.S. Than I ever did overseas. But you live and learn. I have paid x2 more products just to make sure things were legit and up to quality on small orders. You have to make sure that they know you are in this to make money and you want to help make them money. My success = $ in your pocket. That is how I have always handled business.

Re: Sending Money to China Sellers
 

Spot on vogeltron!

yankee: your ppal account which is on excellent terms with the ppal staff...is it a stealth account?

i use halifax debit card to pay for items from china. the only thing i dont like is halifax charge me a percentage of what i spend. this is usually around £50. I dont know if a credit card has fees for overseas payment though as ive never owned a CC?

Re: Sending Money to China Sellers
 

Well that depends of your definition of stealth. It is an business account with its own entity separate from mine name or SS, etc... You are not going to be able to do this without confirming tax info at a minimum.

Re: Sending Money to China Sellers
 

I have no intention of replicating your intimate relationship with paypal.

I was just curious :-)

Re: Sending Money to China Sellers
 

Personally I had to do the same thing on my main account. Go through the whole EIN and everything else to get back a few years back. I still got stealth's on the side don't get me wrong. But no way in hell would I risk my PayPal with my Tax ID that I basically make a living with sending payments to people in China or Elsewhere. Honestly, I prefer not to send payments to suppliers in the U.S. I got one guy who is always like PP me the money. I am always telling him heck no and do the money order thing with an express package.

I am assuming at some point along the line you lost your original PP to limitation. Nothing is worth rocking the boat when you got a solid program going.

Re: Sending Money to China Sellers
 

No. My original decade plus old paypal is used daily to this day. Mostly instant transfers these days and some affiliate payments each month come in and some large dollar wholesale payments still come in monthly. I do not use it on ebay or any selling platform. Basically I use to to transfer money instantly. I also have some very old financial products on it that I use to keep my credit activity high along with my credit score.

I personally never have had a single issue with paypal to this day. Maybe tomorrow, haha and it will be painless if it did happen.

Re: Sending Money to China Sellers
 

That goes for both of my personal SS paypal accounts. Neither have risk or effect my unique tax situation and they day they do I will not use either of them.

Re: Sending Money to China Sellers
 

I agree. Like I said before with my Legit EIN PayPal. I never send payments to anyone else. It is not worth the risk. Especially sending money overseas. You can get flagged for anything and compromise you account. Assuming you receive payments a great deal using PayPal. No way in a million years would I even risk such a thing. To each their own. I lost my personal PayPal back in 2007. Once you go through that traumatic experience even when you think you are careful, you would never do something so careless again. Especially understanding how PP works.

Re: Sending Money to China Sellers
 

i use paypal.. I send with my cc. extra layer of protection. I have had one issue in 3 + years of multiple orders. got bunch of defects on an order, when I tried to return the seller told me to pound sand. call my cc company, said it was a purchase to china, cc charged back to paypal and paypal shut down the sellers paypal.

Re: Sending Money to China Sellers
 

I stopped ordering from China by the time shipping cost were added I could get it for the same price in Jersey.

Re: Sending Money to China Sellers
 

Smart move with the cc coverage - I prefer using cc when possible for all needs ...especially oversea stuff

Re: Sending Money to China Sellers
 

I have recently used the Post office website to make international payments to my supplier and found this way to be easiest and cheapest way yet, I am not sure that I would have any type of cover if anything goes wrong so I would not use it unless I didn't trust my supplier 100%.

Re: Sending Money to China Sellers
 

Def don't use gift card with a new seller
Even with paypal you can still lose money
They don't cover return shipping if you do win a case

Re: Sending Money to China Sellers
 

Use a credit card or bank card.
Western union never use cash. Bank card you can file claim with your bank
There's so many apps now to use see what they have that works overseas