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Legal collection of foreign exchange
1. There are no restrictions on private accounts or bank cards for Americans to remit money from the United States to China, but there are restrictions on recipients in China. In 2007, the Measures for the Administration of Personal Foreign Exchange stipulated that citizens' sales of foreign exchange to banks (that is, settlement of foreign exchange) were subject to annual total management, with a total amount of $50,000 per person per year. In other words, no matter how much the foreign exchange settlement is, the foreign exchange settlement amount cannot exceed 50 thousand dollars in one year.

2. There is no handling fee. Banks only earn the difference between the selling price and the buying price of dollars.

3. You can open a foreign exchange settlement account in a bank in the name of an individual foreign trade operator. There is no handling fee.

4.ebay's Anfutong pays for the collection, but whether it can be collected in foreign transactions needs further inquiry. After all, ebay already has paypal for trading abroad. In addition, it seems that there are no other reputable collection companies. Some online companies claim to be purchasing agents, but their reputation is probably not as good as that of your buyers.

5. Letter of credit is also acceptable. Find a foreign trade company to handle the customs clearance formalities. The beneficiary of the letter of credit is a foreign trade company.

There are no restrictions on Americans sending dollars to China. No more than $50,000 in one year, which can be postponed to the next year; If it exceeds a lot, it is better to entrust a foreign trade company to export goods in that name at the beginning.