T/T payment is a very common abbreviation, which stands for “telegraphic transfer”. The money is transferred between two bank accounts in a reasonably satisfactory speed (usually within 5 working days). T/T payment is often used in trade relations with China.
Verification of a Chinese company
How the verification of a Chinese company should look like? What kind of information can be obtained through this process? Is it really an essential step, or can the whole process be skipped? We will answer these and similar questions below.
Usually, the whole process begins when we’ve finally find a suitable Chinese company. Many depend on when we made the first successful contact: if we simply received an e-mail offer, risk factor is higher than in the case in which we met our supplier during trade shows.