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Dropshipping & Wholesale Suppliers Discuss Dropshipping on/off eBay, Amazon, Shopify, Etsy and other platforms.

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  #1  
Old 04-11-2014
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Default 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?
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Old 04-11-2014
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Default Re: Sending Money to China Sellers

Do they accept Amex as payment? They would need a cc processor service
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Default Re: Sending Money to China Sellers

They dont...
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Old 04-13-2014
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Default 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.........
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Old 04-13-2014
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Default 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?
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Old 04-13-2014
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Default 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.
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Old 04-13-2014
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Default Re: Sending Money to China Sellers

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Originally Posted by Bunneh View Post
how do you pay them in paypal? is it an invoice or do you use the 'send money' button?
yes i just use the send money...

i think going fwd i am going to be using western union with a Visa card.
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Old 04-14-2014
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Default Re: Sending Money to China Sellers

One Visa card right? Not gift card
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Old 04-14-2014
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Default Re: Sending Money to China Sellers

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Originally Posted by rsot View Post
One Visa card right? Not gift card
yes actual gift card
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Old 04-14-2014
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Default 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...
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Old 04-15-2014
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Default Re: Sending Money to China Sellers

Quote:
Originally Posted by vwrestmania View Post
yes actual gift card
Gift card wont give you protection like a real credit card would.
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Old 04-15-2014
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Default 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,
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Old 04-15-2014
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Default Re: Sending Money to China Sellers

Quote:
Originally Posted by BigCJ View Post
This is why you should have an account for buying specifically.

Bad practice to do both on one account.
Why a bad practice? Please elaborate with your exact meaning and/or experience.
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Default Re: Sending Money to China Sellers

I agree..............
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Old 04-16-2014
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Default Re: Sending Money to China Sellers

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Originally Posted by yankee View Post
Why a bad practice? Please elaborate with your exact meaning and/or experience.
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
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Old 04-16-2014
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Default Re: Sending Money to China Sellers

Quote:
Originally Posted by rsot View Post
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
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!
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Old 04-16-2014
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Default 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?
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Old 04-17-2014
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Default Re: Sending Money to China Sellers

Quote:
Originally Posted by yankee View Post
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!

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!
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Old 04-17-2014
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Default Re: Sending Money to China Sellers

Quote:
Originally Posted by yankee View Post
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!
Different pp accounts is a decent idea - spread the risk
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Old 04-17-2014
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Default Re: Sending Money to China Sellers

Quote:
Originally Posted by yankee View Post
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.

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.
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  #21  
Old 04-17-2014
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Default 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.

Last edited by yankee; 04-17-2014 at 07:52 PM.
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Old 04-17-2014
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Default 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.

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