Question 1: What services that eTradePay provides?
Answer: Overseas Business Payment Collection, Settlement, and Speed Cash Withdraw.
Question 2: What are required document for supplier registration?
Answer: Chinese & English Business Registration Name, Corporate Tax Identification Number, Company Customs Reporting Number, Business Registration Address, Name of Contact Person, Phone Number and Email Address.
Question 3: Does the domestic settlement account must be corporate bank account?
Answer: Yes, it must be domestic corporate bank account.
Question 4: What is the exchange rate for settlement?
Question 5: What are the currencies for collection, cash withdraw, and settlement?
Answer: Collection and Cash Withdraw in USD ; Settlement in RMB.
Question 6: How long does it take for Cash Withdraw and Settlement?
Answer: Cash withdraw: 3 business day after application;
Settlement: 2 business day after application.
Question 7: What is the difference between eTradePay and other payment tools? And what is its advantage?
Answer: eTradePay is not just a payment/collection tool, it integrates bank account, customs clearance, warehousing (inventory & logistics) and e-commerce transaction information into a trusted and secured online to offline cross border commerce practice.
Question 8: What is the requirement for product storage location while using eTradePay?
Answer: When transacting by eTradePay, the selling product must be stored / temporarily stored in Shenzhen Qianhai Bonded Port Area.