Alibaba payment options

[Jaimeweb]

Hi,
I’m about to pay 50% deposit on my first order on Alibaba for $4000.
The supplier has sent me the order invoice link through Trade Assurance which gives me options to pay

• PayPal - £110 fee
• Credit debit card - £100 fee
• TT Wire Transfer - approx £40

They said to go with TT option presumably because it’s lower fee for me.

However, when I click TT i get 2 options

• Domestic transfer GBP via JP Morgan - fee £5
• International wire transfer USD via Citibank - fee approx 40USD

Can someone explain the difference and would it make any difference to the supplier.

I have a UK Revolut business bank, which I will be making the payment from.

My other questions are:

• The supplier sent me a screenshot of different bank details to what are shown on my screen when I click either the Domestic or International options. His screenshot looks legit like Alibaba details though…
• When trying to add a payee on Revolut it’s asking for address of bank, and postcode, but on the form on Alibaba it doesn’t have postcode. What should I do and would it prevent the payment going through if incorrect? I of course can see the SWIFT CODE and ACCOUNT NUMBER.

Thanks

 

[MOIC]

Go with the cheapest option for you & ensure you're paying the company as detailed in your order details as sent to you by Alibaba Trade Assurance. If there's any deviation, bring it up with them.

I presume the invoice from your supplier is in US$, in which case they'll expect payment in the same currency.

The supplier sent me a screenshot of different bank details to what are shown on my screen when I click either the Domestic or International options. His screenshot looks legit like Alibaba details though…

Are you paying directly to the supplier's account, or via Alibaba Trade Assurance?

 

[morphe]

Go with the cheapest option for you & ensure you're paying the company as detailed in your order details as sent to you by Alibaba Trade Assurance. If there's any deviation, bring it up with them.

I presume the invoice from your supplier is in US$, in which case they'll expect payment in the same currency.




Are you paying directly to the supplier's account, or via Alibaba Trade Assurance?

I pay using currencies direct, no fee and good rates, local is if your based in the country your buying from, I use this method with the Chinese suppliers I know well