A letter of credit is a contract among four parties: the buyer and their issuing bank, the seller and its negotiating bank. Here’s how a letter of credit works: \n1.\tThe buyer asks their supplier if they can pay by way of a letter of credit; The buyer an
Due to a service upgrade, new bank accounts can no longer be added to Online Bank Payment to pay for orders.
Pay Later is a new payment option for purchases on Alibaba.com. It offers access to lines of credit issued by third-party financial institution partners of Alibaba.com.Currently, your business can apply for a Kabbage line of credit of up to $150,000 under
Pay Later is a new payment option for purchases on Alibaba.com. It offers access to lines of credit issued by third-party financial institution partners of Alibaba.com. Currently, if you are a business based in the US, you can apply for a Kabbage line of
In order to use Pay Later for a Trade Assurance order, the Pay Later line of credit must be more than or equal to the Trade Assurance payment amount.
Yes, if a Pay Later application is pending due to lack of funds, the business can reapply in 3-6 months or when their business activity picks up. There is no need to start a new application if a user is not approved, the user can simply log in to their ex
By connecting your business’s bank account, you allow Kabbage to review your business information without you having to prepare financial statements, locate tax returns or complete other paperwork. Kabbage will look at the most updated business data to qu
Once you have qualified for a purchasing limit under this program, you can enter into a contract with any participating supplier, and request to pay with Alibaba.com Payment Terms. Depending on your agreement with suppliers, there may be a deposit due whe
Simply go through the short application on the landing page: https://paylater.alibaba.com/page/PAYMENT_TERMS/lp?tracelog=CustomerService. Once completed, you could be approved for a specific purchasing limit within minutes by our third-party financial se
When remitting a payment to a T/T account designated by Alibaba.com, you have the option to select which intermediary bank processes your payment. Please check with your remittance bank whether a certain intermediary bank is required. \nIntermediary bank