Foreign Payment Solution Enterprise to Enterprise
Enterprise to Enterprise Transfer means that we use our company account in China to transfer money to your supplier’s company account. Why do we do this?
It is because China has been freezing bank accounts very seriously recently, causing many suppliers to be afraid to use their private accounts to receive payments, and a service has been derived.
Find Your Best Options
| Description / Service | Air Consolidate | Air Direct | LCL C | LCL D |
|---|---|---|---|---|
| Cost | Mid | High | Low | High |
Terms & Condition
- The handling fee is 2% and the minimum charge is MYR 10.
- The minimum transaction amount is CNY 1000.
- Each transaction will be processed according to the SLA of different services, and the specific payment processing speed depends on the actual operation of the company.
- Customers will by default commit to legal sources of funds. If you encounter freezing or blocking, please contact customer service as soon as possible.
- Customers need to log in to the system to download the Transaction Proven by themselves without prior notice.
- If your supplier does not receive payment within 14 working days, please contact CIEF immediately; otherwise, the dispute request may no longer be traceable.
- All transactions require payment before payment (funds transfer) can be made.
- If the customer cancels the order, the 2% of service fee is non-refundable.
FAQ
If you need more help, may contact us!
No, you must use a company account in China to transfer to the supplier’s company account (Enterprise to Enterprise).
“Private to Private”.
We will complete the payment within 3-5 days after receiving your payment. Once completed, we will upload the Purchase Invoice and Transaction Proven to the system. You can download and print it yourself by logging into our Exchange website. This Invoice can be used for tax declaration in Malaysia.
“Domestic Remittances”.
When make payment, choose the “Wallet Credit” to get a better exchange rate.
Click the link: “Tutorial”
Yes, as long as it complies with our relevant terms, please contact our customer service.
Request Formal Export
When suppliers insist to handle export declarations themselves, the import costs for Malaysian importers often increase significantly
Only Accept USD Payments
Suppliers do not accept RMB payments and require transactions to be settled in USD
Only Accept International Trade Order
Suppliers are large publicly-listed companies that exclusively export through international trade channels
Cost Reduction
Suppliers aim to apply for export tax refunds to reduce the cost of goods
How It Works?
Simply follow the steps below to easily handle formal exports and tax refunds for your suppliers
- Supplier Requests Export Tax Refund
- Place an order in the CIEF system and generate a unique tax refund QR code
- Request supplier attach the QR code to each packaging box
- Arrange for the goods to be sent to the Guangzhou warehouse
- Track the goods and pay the shipping fee via the CIEF portal
- Sit back and wait for the goods to be delivered
Service Charges Fee
Price for shipping same as usual, may refer here. Below are export declaration fees apply for suppliers:
01
- Declaration Fees: CNY 500 per declaration (per entity name)
02
- Additional Pages: CNY 50 per additional page
03
- Amendments: If any information requires changes after document submission due to the seller, the seller shall bear all associated costs