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  • 4.7 How To Pay Your Suppliers The RIGHT Way 1 PDF

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    André Tristão
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    Paying suppliers is important to avoid problems. There are three main ways to pay suppliers: PayPal, Alipay, and wire transfer. For first orders and samples, the preferred method is PayPal, as it provides strong protection against lost money if issues arise. Users should always pay via "Goods and Service" on PayPal for protection, and be aware PayPal charges suppliers a 4.5% fee that should be covered. For larger bulk orders over $10,000, wire transfer directly between banks is best, as it has lower fees, though no protection.

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    Paying suppliers is important to avoid problems. There are three main ways to pay suppliers: PayPal, Alipay, and wire transfer. For first orders and samples, the preferred method is PayPal, as it provides strong protection against lost money if issues arise. Users should always pay via "Goods and Service" on PayPal for protection, and be aware PayPal charges suppliers a 4.5% fee that should be covered. For larger bulk orders over $10,000, wire transfer directly between banks is best, as it has lower fees, though no protection.

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    21 views1 page

    4.7 How To Pay Your Suppliers The RIGHT Way 1 PDF

    Uploaded by

    André Tristão
    Paying suppliers is important to avoid problems. There are three main ways to pay suppliers: PayPal, Alipay, and wire transfer. For first orders and samples, the preferred method is PayPal, as it provides strong protection against lost money if issues arise. Users should always pay via "Goods and Service" on PayPal for protection, and be aware PayPal charges suppliers a 4.5% fee that should be covered. For larger bulk orders over $10,000, wire transfer directly between banks is best, as it has lower fees, though no protection.

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    How To Pay Your Suppliers The RIGHT Way

    Now let's talk about paying our suppliers...

    It's extremely important to pay our suppliers the right way, to avoid any
    potential hiccups or obstacles.

    There are 3 ways to pay your supplier:

    1) PayPal
    2) Alipay
    3) Wire Transfer/TT

    P.S Also Alibaba Trade Assurance if ordering bulk from Alibaba.

    My preferred method at the very beginning when ordering samples and


    paying suppliers for your first few hundred orders is PayPal.

    PayPal has an absolutely amazing protection program that protects you from
    losing your money in case the supplier screws up.

    Make sure to always pay via 'Goods and Service'


    If you pay via 'Friends and Family' you are NOT protected.

    You have to offer them to cover a 4.5% PayPal fee that PayPal charges the
    supplier to protect your order.

    Later... once you are paying over $10,000 for bulk orders/bulk dropshipping, I
    switch over to TT which is wire transfer from bank to bank.

    Much cheaper, little fees... only thing is you're not protected whatsoever BUT
    if you trust your supplier (and I assume you do by that time as you've done
    business with them... then it's a no brainer.)

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