eTradePay payment process

1. Seller registration account: When the seller registers on eTradePay , eTradePay will allocate a bank sub-account for the seller to receive payments in US dollars. The account will be bound to the sales platform for receiving payments.

2. Payment settlement: delivery upon payment, settlement upon delivery

After the purchase payment reaches the eTradePay sub-account, eTradePay notifies the seller to complete the transfer of ownership and delivery of goods at its designated domestic warehouse (usually a special customs supervision area), and then the logistics company associated with eTradePay will transport the goods to the destination country. After the consignee picks up the goods in the destination country, the logistics company will send relevant pick-up / delivery information to eTradePay . After receiving the information, eTradePay will clear the purchase payment to the seller.

3. Seller Settlement:

If the seller needs to settle domestically, eTradePay will transmit the customs clearance data to the bank, and the bank will clear the funds in the sub-account to the seller's domestic public account.

If the seller needs to settle overseas, the bank will clear the funds in the sub-account to the seller's overseas public account

Payment Process

Advantages

1. Efficient and fast

1. Bank transfer

2. PayPal​

3. BitPesa

2. Global Coverage

1. Receipt in USD & RMB

2. EUR & GBP payment (coming soon)

3. Payment in local currency of African countries (coming soon)

Including: Kenya , Uganda , Tanzania , Congo , Nigeria , Senegal & Ghana

3. Multi-party supervision

1. Customs declaration & clearance

Complete the exchange of ownership and delivery of goods in a designated warehouse in China (usually in a special customs supervision area). At the same time, use information technology to complete the online customs clearance of goods for export.

2. Foreign exchange settlement

Real-time settlement and centralized reporting: If the seller needs to receive payment domestically, eTradePay can settle the exchange online at any time and report it to the bank / SAFE at the end of each month.

3. Export tax rebate

Tax refund according to centralized customs declaration

References