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Paying Chinese Suppliers with Payoneer
 

So I pay my Chinese suppliers thru dhgate. But my orders are getting large, 120k + and it's a headache paying with my debit cards. They get declined often for the amount and because it's an overseas transaction. Basically I have to spend an hour on the phone with my banks to make a 10k payment to dhgate. So my supplier suggested I pay him thru payoneer. I's honestly much easier. Sent him 40K in 5 minutes. Anyone used this payment method and are you covered if the supplier wants to rip you off?

Re: Paying Chinese Suppliers with Payoneer
 

Have you considered asking your suppliers if they are on alibaba? And are you utilizing cashback with orders that size? Givingassistant does 2%, and 2% of 120k is still like 2.4k in cashback. I have a feeling youll be more willing to endure if you can make some extra free money.

As far as i know, you're covered but you can still look into their dispute process

Re: Paying Chinese Suppliers with Payoneer
 

I haven't asking if they're on Alibaba. Does Alibaba give good payment options? And no i'm not getting cashback. Haven't even looked into it. But I will.

Re: Paying Chinese Suppliers with Payoneer
 

How did you find your suppliers tho ? I mean if not from alibaba, aliexpress etc

Re: Paying Chinese Suppliers with Payoneer
 

Yeah actually i think alibaba has really good payment options. Credit card, bank wire, ACH, etc.

You should definitely look into it

Id like to correct myself. The cashback for alibaba is more around 4-6%, not 2%

Re: Paying Chinese Suppliers with Payoneer
 

my friends is works in china and i bought products from him.
it is easier and i can ask him to find any products from china at a great price.

Re: Paying Chinese Suppliers with Payoneer
 

Finding a personal agent is always the best