When we meet with new customers there is one detail that always surprises them: we perform an operation unknown to many importers that means excellent savings in two key factors: money and time.
One of them was Alberto, owner of a well-known network of sanitary ware and construction materials, which has been importing its products from China for three years. When he came to MingTa Group, he says that one of his biggest concerns biggest concern was again going through the multiple transfers he had to make to his 30 suppliers, a cumbersome import step he wanted to avoid.
“We’ll take care of that! You transfer the total amount to us and we take care of managing the payments to each supplier. Do you know how much you save on bank fees?” It was the question that has perplexed him. He had just learned that this unique operation, in addition to relief, brought him significant savings in time and money.
His face has blurred noticeably as he made a mental calculation of how much money he would have saved during those years.
Alberto’s surprise is the same as that of many importers who come to our offices for the first time. And we are sure this is the case for you too. Find out more about the solution we offer and its multiple advantages/benefits in this article.
Read more: Payments to suppliers in China: the mistake you make and get more expensive
First, let’s assume the following case:
You are an excellent negotiator and, after long hours of dialogue with your 15 suppliers, you achieve the prices you need. They agree on a 30% down payment to start production and 70% upon completion. Great!
Then, you negotiate the best payment terms with your forwarder and customs broker. However, you check your competitors and the prices are similar. You need to increase your profit margin, so you ask your suppliers for a discount. Their answer is that the only way is to compromise on quality.
Faced with this situation, you find yourself with no possibility of reducing costs. Unless you realized that in your import plan you make dozens of transfers and, for each one of them, your bank charges you a commission.
In turn, the person assigned in your company to take care of these operations spends about 30 minutes per operation. As the number of transfers increases, the percentage of errors increases.
Sound familiar?
Your solution
Our payment system comes to solve all those avoidable concerns. In what way? By contracting our service of International Payment Consolidation in China, MingTa takes care of paying on your behalf and in the currency of your choice, while you only have to make a single transfer (or, if you need, the minimum, depending on your requirements).
This transfer will be the one containing all the amounts contemplated for the distribution of payments to suppliers. In other words, you no longer have to deal with cumbersome operations that, at the slightest setback, can generate complications if you operate without MingTa’s support.
So contact us if you are an entrepreneur in need:
- Ensure you pay the right company.
- Save bank commissions.
- Save time wasted in document management.
- Reduce costs at origin and destination.
- Make many different payments and require centralizing them in a single transfer.
- Pay in your own currency or outside China and have it arrive at destination.
Your advantages
The fact that your company unifies all international payments is already a huge advantage, but there is more. The last one is the most beneficial!
- You can pay in the currency you need or choose.
- To be sure that the receivers of payments are reliable.
- You will save on costs and time, as your money will wait in China for your payment confirmation.
Save time and money!
The time savings you gain by making a single payment can then be allocated to the multiple activities required by other areas of your company.
At the same time, you will benefit from significant savings in money because you avoid all the bank commissions that correspond to each transaction.
And that’s not all! That same money you save can be used to increase the amount of your purchases and expand your orders or, if you consider it necessary, redirect it to cover other needs of your company.
In both cases you optimize your operations to the maximum!
Contact us now to provide you with all the information you need and complete your importation safely and successfully.
We encourage your savings!
