How to Pay a Chinese Bank Account :
To pay a Chinese bank account, you can follow these general steps:
- Obtain the recipient’s bank information: You will need to get the recipient’s name, bank name, bank account number. And the SWIFT code of the recipient’s bank.
- Choose a payment method: There are several options for making an international payment to a Chinese bank account. Including wire transfer, online transfer, and mobile payment.
- Check with your bank: Confirm with your bank if they offer services for sending money to Chinese bank accounts. You may need to provide additional information, such as the purpose of the transaction or any required documentation.
- Initiate the transfer: Once you have confirmed the necessary details and chosen your preferred payment method. Initiate the transfer through your bank or payment service provider. Be sure to double-check all of the information to avoid any errors that could cause delays or complications.
- Wait for confirmation: Depending on the payment method and the recipient’s bank. It may take a few days for the transfer to be completed. Once the transfer is confirmed, you can notify the recipient that the funds have been sent.
Note that there may be fees associated with transferring money to a Chinese bank account, and exchange rates may also affect the final amount received by the recipient. Be sure to check with your bank or payment service provider for specific details and fees associated with your transfer.
Online Payment Service for Chinese Payment:
There are several online payment services that allow for payments to be made to Chinese accounts. Here are some popular options:
- Ouitrust: OuiTrust is a RMB Settlement Master and one of the principal Fintech in Europe. That spotlights on giving RMB records to cross-line dealers.
- Alipay: This is a widely used payment platform in China that allows users to make online payments and transfer money to other Alipay users. It is linked to many Chinese bank accounts, making it a convenient option for transferring funds.
- WeChat Pay: This is another popular payment platform in China that allows users to make payments and transfer money to other WeChat Pay users. It is also linked to many Chinese bank accounts, making it a convenient option for transferring funds.
- PayPal: PayPal is a widely used online payment platform that supports payments to Chinese bank accounts. However, the fees for using PayPal can be relatively high compared to other options.
- TransferWise: TransferWise is a peer-to-peer money transfer service that supports payments to Chinese bank accounts. It offers competitive exchange rates and low fees compared to many other options.
- Payoneer: Payoneer is a global payment service that allows users to receive and send payments to Chinese bank accounts. It is especially popular among freelancers and small businesses that work with Chinese clients.
It’s important to note that fees, exchange rates, and transfer limits may vary depending on the specific platform and the details of your transaction. Be sure to research your options and compare rates before selecting a payment service.
OuiTrust payment System – Payment to Chinese Suppliers:
OuiTrust is a RMB Settlement Master and one of the principal Fintech in Europe that spotlights on giving RMB records to cross-line dealers.
Shippers can appreciate one-stop monetary administrations given by OuiTrust including account opening, card giving, clearing, trade and installment securing. OuiTrust is an Electronic Cash Foundation approved by the ACPR (Bank of France) and the UK FCA and holds a Hong Kong Cash Administration Administrator permit. In 2019, OuiTrust was perceived as a Creative Endeavor by The French Service of the Economy and Money. Click below for SIgnUP
