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What exactly does import payment need?
First of all, you have to confirm the payment method with overseas, and the common one is telegraphic transfer letter of credit.

Wire transfer is relatively simple. Just bring the proforma invoice signed with overseas countries to the bank for payment. Pay attention to the terms of 30% advance payment in the contract.

What is the payment area? If it is a reform pilot area, there is no need for an online platform to do anything. Jiangsu, Shandong, Hubei, Zhejiang (excluding Ningbo), Fujian (excluding Xiamen), Dalian and Qingdao.

Other regions should register prepaid information on the foreign-funded management service platform. Do contract registration and payment registration.

In case of import and export, electronic ports will be handled.

Under the letter of credit, it is recommended to consult the international business personnel of the bank. Generally, bulk import and export takes a long time and costs are relatively high.