USING BANK WIRE TRANSFER SERVICE
This is the payment service I strongly recommend for all who are interested in the import business. THE FOREX traders know what I am talking about; how fast and easy this service is. It is payment system where you have to partner with your bank to make the fund available to do your transaction without traveling abroad.
Open a double account (saving or current/dollar account or pound account) if you are new to the bank. The dollar account is for foreign transaction. Ask your bank and can open the account for you for as low as $100 dollar. It is easier when you are already operating account with the bank. Because it is advisable you open your dollar account with the bank you currently banking with. In this case all you need to do is just open dollar account only.
The service is very easy. All you need to do is provide the bank with the necessary information about the supplier you are buying goods from; the bank takes care of the rest.
WHAT YOU SHOULD KNOW BEFORE OPERATING DOLLAR ACCOUNT WITH ANY BANK
Exchange rate offered. Because of certain authority banks have they can influence the exchange rate. Go for the one that offer cheap exchange rate.
Finance Charges for the Wire Transfer. Banks charges for transfer vary. Some banks charge $26 per transfer and another 1% of the amount transferred. If for instance you transferred $300 you will be charged $26 and 1% of $300 which is $3 meaning you are only paying bank charges of $26 + $3 = $29 for $300 transaction. Though some are more dynamic, just make sure you get the cheapest. Take advantage of the dollar fall in value now to start using the service.
For more information on these services, I advice you contact your bank or public department of other banks or better still, visit their website where you could get information on their services and compare them.
CHEAPEST AND STRESS – FREE WAY TO GET YOUR GOODS DELIVERED TO YOUR DOOR STEPS
No doubt you will look forward to seeing the goods you ordered delivered to you within the limit. I remember an importer who specializes in the importation of clothes from China narrating a story on how he lost his goods to custom; how on different occasions the customs seized his goods for many months only to release them when the clothes had started tearing because of mucous and excess heat. But with the cheapest way I am going to reveal to you, you can receive delivery of your product which includes: paying the cost of the goods plus courier delivery charges, which are charge per kg; delivered to your doorstep.