Quickly exchange Dollars (USD) to Chinese Yuan (RMB) to alipay or bank accounts to pay suppliers

Ойын-сауық

Methods to quickly convert USD to RMB
1. swapsy.com/invitee-sign-up/M....
2. borderlesscommerce.net/curren...
3. www.westernunion.com/
Quickly exchange Dollars (USD) to Chinese Yuan (RMB) to alipay or bank accounts to pay suppliers
I have heard that one of the biggest pain points is to pay suppliers directly in RMB to protect your profit margins. Did you know there are many methods to do this and send the money directly to bank accounts or Alipay accounts? Well, learn how to use Western Union as a tool to do this for your business. Also, any methods I have not covered, let me know!
Supported Countries for Western Union: www.westernunion.com/content/...
Timestamps:
00:18 - Platform and requirements
01:08 - Sending RMB to an Alipay account
04:00 - Sending RMB to Chinese bank account
05:10 - Western Union hotline
eCOMMERCE STARTUP SOURCING COURSE:
ecommerce-sourcing-course.thi...
FREE DOWNLOADS:
All sourcing platforms in China cheat sheet: borderlesscommerce.net/sourci...
Currency exchange to pay suppliers in RMB directly cheat sheet: mailchi.mp/c291f0634759/borde...
Resources I use:
Disclaimer: This video is NOT sponsored by any of the brands mentioned in this description. Some of the links below are affiliate links. They do not cost you anything, but I make a small percentage from the sale. These funds will be used to support my channel, so greatly appreciated in advanced!
Buy on 1688 with any foreign card: www.borderlesscommerce.net
Personal Freight Forwarder: xbb.kuaizi56.com/index.php?m=m...
US Company Package
USA Address: www.anytimemailbox.com/?affke...
USA Phone Number: borderlesscommerce.net/produc...
USA Business Start-up: michaelregan--mollaeilaw.thri...
Vlog starter kit
Osmo Pocket 1: amzn.to/3iFPeOY
Osmo Pocket 2 Pack: amzn.to/3jP8glh
Osmo Pocket Extension Rod: amzn.to/3AFmJas
Osmo Pocket Wide Lens: amzn.to/3AFmJas
Osmo Pocket Variable ND Filters: amzn.to/3jNwmNy
KZread studio kit
Canon M50: amzn.to/2VIoJ2V
Canon M50 MII: amzn.to/3AGUPKX
Canon M50 Full Kit: amzn.to/3ADvC49
Canon M50 Prime Lens: amzn.to/3fZS7bI
Canon M50 Wide Lens: amzn.to/3yKxMhN
Rode Wireless Go: amzn.to/37BlhJA
Rode Wireless Go II: amzn.to/3iHBEup
Ronin SC Gimbal: amzn.to/3AGVlbR
ATR-2100 Microphone: amzn.to/3xIHJLF
Lighting: amzn.to/3jPqt2i
B Roll and music
Envato Elements: 1.envato.market/3P91Pr
Favorite Audio Books:
4-Hour Workweek: amzn.to/2VIJZ8d
The Dip: amzn.to/37G6JbA
Start with Why: amzn.to/3jUF8JB
Good to Great: amzn.to/3CDoQxj
Superfans: amzn.to/3fZ9dql
KZread Secrets: amzn.to/3CGnYrE
The Millionaire Fastlane: amzn.to/3Av0lR0
Will it Fly? amzn.to/3iH4rPX
Contact me directly via Social Media!
Twitter: / borderlesscomme
Instagram: / borderless_commerce
Facebook Group: groups/borderlesscommerce/
I will answer any inquires within 24 hours, and if I don’t know the answer, I will try my best to find it!
If you found value and want to support this channel, feel free to donate here: www.paypal.com/donate/?hosted...

Пікірлер: 63

  • @BorderlessCommerce
    @BorderlessCommerce2 жыл бұрын

    Have trouble converting your USD to RMB to pay suppliers? Check out these links below: 1. borderlesscommerce.net/currency-exchange/ 2. www.westernunion.com/us/en/home.html 3. swapsy.com/invitee-sign-up/M.R./5dc14337a697f5.60851553?s=10

  • @fathiaabake7264

    @fathiaabake7264

    2 жыл бұрын

    Can Nigerians use this?

  • @fathiaabake7264

    @fathiaabake7264

    2 жыл бұрын

    Can Nigerians use the currency exchange and the swapsy website?

  • @fathiaabake7264

    @fathiaabake7264

    2 жыл бұрын

    Hello

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    @@fathiaabake7264 western union branch in Nigeria, but I think need to procure dollars on your own.

  • @michaelataturk249
    @michaelataturk2492 жыл бұрын

    Brilliant M. So a foreigner can send from his or her US bank account to his or her Chinese bank account with WU. Brilliant!

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    Yes, but be careful, WU can detect if you are sending money to yourself. Have your friend or family member send the money instead. Lol

  • @yomihurst1594
    @yomihurst15942 жыл бұрын

    I will check with my country western union office tomorrow....smooth video....I have my regular Chinese supplier .....thanks for the video

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    Hope it works. The exchange rate is not bad and also no fees if using a bank account to alipay account. Otherwise, you may run into fees if using a card and sending to Chinese bank account.

  • @osasokundia7231

    @osasokundia7231

    2 жыл бұрын

    Can you introduce me

  • @omageruthomoikhekpen8384

    @omageruthomoikhekpen8384

    Жыл бұрын

    Please can you connect me with your Chinese supplier, I want to buy yuan into my alipay

  • @yanitan331
    @yanitan3317 ай бұрын

    Great info! Thank you so much. Question: can your wife (or any Chinese citizen) then transfer money to your (or other foreigners’) Alipay account?

  • @BorderlessCommerce

    @BorderlessCommerce

    7 ай бұрын

    Foreigners (non Chinese citizens) cannot accept overseas transfers from platforms like wise, union pay and so on via alipay directly. You would have to send the money to a Chinese citizen first, then they can send it to you once you have it. Exceptions include platforms like swapsy that work for foreigners but only if you have a US bank account and a Chinese bank account. Tutorial on swapsy if you have both of those bank accounts here kzread.info/dash/bejne/g2VosaSNhsfMqMY.html

  • @website4smes992
    @website4smes9922 жыл бұрын

    When I reached where to add shipping address using your service to buy yuan, it says "sorry your country is not supported" why? The country I choose is Nigeria

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    I'll add Nigeria and it should work. Try again.

  • @website4smes992
    @website4smes9922 жыл бұрын

    Is there extra fee stripe payment processor will add when checking out?

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    No, the total fee is stated before checkout. All the stripe fees already included.

  • @AbuBakr1
    @AbuBakr12 жыл бұрын

    Can you make a video on paying suppliers with PayPal? I have had few suppliers (on 1688) that accepted PayPal from me. Great content as always 👍 🥰

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    Thanks for introducing the update with Western Union! So PayPal is tricky. Do you want a video on how to pay suppliers that already have the PayPal (most likely Chinese version) plug in on their website or to suppliers that just have a Chinese PayPal account and want to send them the money directly from your non Chinese PayPal account? Btw, fees are tremendous, so alot of suppliers in China won't consider PayPal, but if you could clarify which scenario, it will be easier for me to outline a video. Thanks!

  • @fathiaabake7264
    @fathiaabake72642 жыл бұрын

    Nigerian isn’t in the countries🤦‍♀️ how do I do mine now🥺

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    I am pretty sure Nigerian can't do online but can visit WU branch to do it.

  • @Anderson_liyaa
    @Anderson_liyaa Жыл бұрын

    Please what's the difference using the debit card, credit card and the bank account. Can I be in an African country and use the USD to CYN with my local bank card. Please

  • @BorderlessCommerce

    @BorderlessCommerce

    Жыл бұрын

    Depends on what African country. Some African countries like Nigeria limit each person to spend no more than $20 USD a month, which limits transactions amounts. There really isnt a difference except for fees and the amounts that your bank allows you to purchase or send overseas.

  • @Anderson_liyaa

    @Anderson_liyaa

    Жыл бұрын

    @@BorderlessCommerce okay thank you

  • @Anderson_liyaa

    @Anderson_liyaa

    Жыл бұрын

    @@BorderlessCommerce please I tried it but my country is not supported . I mean Ghana

  • @BorderlessCommerce

    @BorderlessCommerce

    Жыл бұрын

    @@Anderson_liyaa What platform are you using? You may need to explore other options outside of what I mentioned in the video.

  • @merrh8819
    @merrh8819 Жыл бұрын

    I'm an online English teacher and I mainly work with Chinese. I've been relying on a friend who's based there to receive my money from the parents but I no longer want to deal with him. I'm asking about the best way to receive money from China when you're outside of china land of course, can Chinese use PayPal and what's convenient for them, please help.

  • @BorderlessCommerce

    @BorderlessCommerce

    Жыл бұрын

    It highly depends what country you are from, but in my opinion the best way is to open a stripe account and enable alipay to be used as a form of payment. Integrate it onto your website and now Chinese can pay on your website but your funds will be settled into your bank account outside of China. You can email service@borderlesscommerce.net for more details.

  • @merrh8819

    @merrh8819

    Жыл бұрын

    @@BorderlessCommerce Thank you so much for the quick response, I've heard about this website actually, obviously it's not for free but if it's the only solution I may consider it, I'm still looking though, I'm from Algeria btw.

  • @flashfilesenabled17
    @flashfilesenabled172 жыл бұрын

    tourpass top-up is under maintenance system upgrade, kindly find out for me how long it will take to start working again

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    Best way is to ask them in their customer service chat which supports English! Or you can consider this platform: borderlesscommerce.net/currency-exchange/

  • @flashfilesenabled17

    @flashfilesenabled17

    2 жыл бұрын

    @@BorderlessCommerce I can send money using this platform to Chinese supplier

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    @@flashfilesenabled17 yes you can, as long as you put their alipay information correctly.

  • @flashfilesenabled17

    @flashfilesenabled17

    2 жыл бұрын

    @@BorderlessCommerce ok and how long does it take for my supplier to receive the money

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    @@flashfilesenabled17 If using my service, within 24 hours. If I'm online during the order, within hours.

  • @website4smes992
    @website4smes9922 жыл бұрын

    And also, will refund be possible through your service sir

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    Yes, it is possible through request, but only the part not affected by the fees will be refunded.

  • @victoriauvo9081
    @victoriauvo90812 жыл бұрын

    Is it necessary it is a USA Id card...I do not have a USA Id card and can I use an international passport of a friend

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    USA ID card only necessary for platforms like swapsy. But using other people's ID is fraud and can put your account at risk.

  • @victoriauvo9081

    @victoriauvo9081

    2 жыл бұрын

    @@BorderlessCommerce but it's showing id card .....I sent u a screenshot on Instagram and the international passport belongs to my boyfriend cause I don't have mine but I have an NIN.....don't know if that counts

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    @@victoriauvo9081 to protect the account holder the ID card and the ID card holder of the account should be the same person

  • @victoriauvo9081

    @victoriauvo9081

    2 жыл бұрын

    @@BorderlessCommerce ok den....but when will I be able to buy rmb on borderless.....cause you said it's on pause for now

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    @@victoriauvo9081 I am looking for a payment processor at the moment. If you are subscribed to my email via my website, I will send a notice once everything is up and running.

  • @Kerianann
    @Kerianann Жыл бұрын

    I book appointments but it didn't hold

  • @Kerianann

    @Kerianann

    Жыл бұрын

    Chatted you but you didn't reply

  • @BorderlessCommerce

    @BorderlessCommerce

    Жыл бұрын

    @@Kerianann Sorry about that. I am on a business trip and I will make sure to chat with you.

  • @Kerianann

    @Kerianann

    Жыл бұрын

    I would be glad. Although I am waiting

  • @Dushan5564
    @Dushan55642 жыл бұрын

    Can you recommend this site?

  • @BorderlessCommerce

    @BorderlessCommerce

    2 жыл бұрын

    Yes, but it also largely depends on where you are from. Your country sets the limits and freedom of doing this.

Келесі