How to Pay Manufacturers in China - Guest Post by Chad Rubin
China is the world’s largest manufacturer, with a yearly output of more than $12 trillion in export products. For e-commerce stores, Chinese manufacturers represent a wide variety of possibilities, with benefits including lowered costs, faster production time, and massive factories capable of handling nearly anything you need including product duplication, reverse engineering, unique products and more.
Alipay, the secure payment method developed by Alibaba, is one of the most popular ways to pay suppliers and manufacturers in China. Here, the manufacturer simply lists your order on Alipay, you order it, and the purchase is processed through Alipay’s systems. For an additional 5% of the order, you get buyer protection, quality disputes, and escrow to ensure that you get your order. However, you do pay high fees, can only use it through Alipay, and must pay the full amount upfront.
Global Sources maintains an in-depth list of China Sourcing Reports which you can use to find qualified suppliers and manufacturers with verified contact information. Keep in mind that ‘verified’ by Global Sources simply means that they exist, not that they have a good reputation.
Crucial Vacuum Founder Chad Rubin grew his e-commerce business to an 8-figure business in 7 years. He is a Top 250 Amazon Seller, and co-founded Skubana as an all-in-one ERP system and operations platform designed for high volume sellers to run and automate their business. It integrates with most e-commerce marketplaces, 3PLs, and warehouses, provides profitability and multi-channel inventory management, and compiles all of your marketplaces on a single convenient dashboard. Learn more at firstname.lastname@example.org or sign up for a 14-day trial.