Paying Alibaba suppliers via Bank-Transfer.

[walkingupwards]

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]

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]

you can do this online yourself and save a little money

[usa144]

I normally pay with credit card, I just find it more convienient.

[walkingupwards]

Have already sent many payments by Wire-Transfer, they are actually cheaper and only take 2-3 days to be completed.

[aspkin]

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]

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]

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]

I get 6% cash back from my purchases using my credit card, so I don't see the risk being worth it

[rsot]

Originally Posted by prodigyace

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]

6%, $hit I only get 1.5%

[Etycoon]

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]

Originally Posted by yotano211

6%, $hit I only get 1.5%

It's clearly some kinda rewards,quarterly type thing. No bank offer 6% unlimited.

[prodigyace]

Yup, it's givingassistant. They're awesome

[haiderekarar13]

Originally Posted by prodigyace

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]

Originally Posted by prodigyace

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]

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]

Originally Posted by prodigyace

Yup, it's givingassistant. They're awesome

Ahhh, so it's like ebates... but they give 6% on Alibaba. Gotcha!

[prodigyace]

Originally Posted by ebaystealth1974

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]

interesting.like ebates

[jdbutler331]

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