| I have the need to pay for some product in China - I live in the US. My vendor in China suggested we use PAYPAL, but then realized his China bank will charge an additional $35 to process the order. I then attempted to use my credit card to pay for services - again through paypal, but then again his Chinese bank wanted to hit him for 10% of the total. Is there some alternative for my vendor to accept money from me - inexpensively. The amounts are typically $300-$600. We thought maybe we could open a credit card merchant account in China and he accepts my credit card from the US? I've seen plently of merchants in China accept foreign credit cards - what percentage are they getting hit for? Any ideas? Please don't suggest I open a Chinese bank account, wire in a pile of money and then electronically transfer to his bank account when needed. I need the cash - for the cash flow. Thanks, Tom |
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