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| walkingupwards | 07-14-2020 10:12 AM |
Paying Alibaba suppliers via Bank-Transfer.
I have an order on Alibaba and I decided to pay for it via Wire-Transfer at a local branch. So I clicked on "View Account Information" and got the bank details where I need to send the money.
I was at the bank yesterday and gave the clerk 5000$ in cash and a wire-transfer was done.
Has anyone here paid this way before? |
| walkingupwards | 07-14-2020 05:45 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
It was a SEPA transfer (within the EU) and they charged me 15 Euros for it.
I've always paid with PayPal or MasterCard, but this time I wanted to give Wire-Transfer a try.
The bank account I sent the money to belongs to Alibaba btw and not the supplier. |
| agent006140 | 08-15-2020 06:03 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
you can do this online yourself and save a little money |
| usa144 | 08-15-2020 08:08 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
I normally pay with credit card, I just find it more convienient. |
| walkingupwards | 08-15-2020 08:14 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Have already sent many payments by Wire-Transfer, they are actually cheaper and only take 2-3 days to be completed. |
| aspkin | 08-16-2020 07:27 AM |
Re: Paying Alibaba suppliers via Bank-Transfer.
You must really trust your supplier to send wire-transfer.
I had a supplier who I worked with for years and out of the blue try to scam me after a wire-transfer was sent. He didn't deliver the product.
It was a short sighted attempt as I was his biggest buyer and he nearly lost me until he offered substantial discounts to gain my trust again. |
| agent006140 | 08-16-2020 02:08 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
yes,bank wiretransfer is the best way to accept money for the vendor.
I deal with foreign vendors,if they have gone under,I would not know. |
| walkingupwards | 08-16-2020 06:36 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
I actually send the money to an Alibaba's account IBAN, the supplier can then "match" the payment and mark the order as paid. This is covered by Alibaba Trade Assurance. |
| prodigyace | 08-16-2020 09:12 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
I get 6% cash back from my purchases using my credit card, so I don't see the risk being worth it |
Re: Paying Alibaba suppliers via Bank-Transfer.
Quote:
Originally Posted by prodigyace
(Post 1110901)
I get 6% cash back from my purchases using my credit card, so I don't see the risk being worth it
| 6% really adds up on the large orders :) I can see that |
| yotano211 | 08-19-2020 06:35 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
6%, $hit I only get 1.5% |
| Etycoon | 08-19-2020 06:46 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
I do bank transfer all the time if the supplier is signed up to trade assurance, just make sure you use the bank details attached to their Alibaba account. |
| ebaystealth1974 | 08-19-2020 07:01 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Quote:
Originally Posted by yotano211
(Post 1111330)
6%, $hit I only get 1.5%
| It's clearly some kinda rewards,quarterly type thing. No bank offer 6% unlimited. |
| prodigyace | 08-19-2020 10:17 PM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Yup, it's givingassistant. They're awesome |
| haiderekarar13 | 08-20-2020 01:05 AM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Quote:
Originally Posted by prodigyace
(Post 1110901)
I get 6% cash back from my purchases using my credit card, so I don't see the risk being worth it
| WHich card is that btw ? Lol |
| james_112233 | 08-20-2020 02:38 AM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Quote:
Originally Posted by prodigyace
(Post 1110901)
I get 6% cash back from my purchases using my credit card, so I don't see the risk being worth it
| That's a lot of dough in my business.
Would love a 6% cashback credit card.
I used to make a lot of money through cashback with my Tesco cc back in the day, not so much anymore. |
| prodigyace | 08-20-2020 10:49 AM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Sorry, I should have been more clear! When I said I use my credit card, I get 1-2% cashback, then I use a cashback site called givingassistant to get the 6% extra cash back. This way, I cover the credit card fees on Alibaba and still get my 6% cashback.
Use their plugin, the sites link seems to give me a lot of issues and I have to keep following up with them to see what's going on
Remove it if it's not allowed, but my referral link can get both of us $5 if you sign up. I wouldn't recommend them if they weren't good. https://givingassistant.org/?rid=Dm6HMlDO9A |
| ebaystealth1974 | 08-20-2020 10:55 AM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Quote:
Originally Posted by prodigyace
(Post 1111341)
Yup, it's givingassistant. They're awesome
| Ahhh, so it's like ebates... but they give 6% on Alibaba. Gotcha! |
| prodigyace | 08-20-2020 10:56 AM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Quote:
Originally Posted by ebaystealth1974
(Post 1111428)
Ahhh, so it's like ebates... but they give 6% on Alibaba. Gotcha!
| Exactly! After years of using different services, this is by far the most reliable with payment, and highest paying cashback service I could find. |
| agent006140 | 08-28-2020 07:53 AM |
Re: Paying Alibaba suppliers via Bank-Transfer.
interesting.like ebates |
| jdbutler331 | 09-03-2020 11:30 AM |
Re: Paying Alibaba suppliers via Bank-Transfer.
Reward credit card that gives you airmiles for every £/$ spent. A years worth of buying stock gives me a free business class flight for me and my family |
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