Foreign Payment

[IanF]

I got a reply from FNB and they have waived the fees.

What I have learnt is you are on your own when filling out the forms and the checking is for the Reserve Bank

Please note that any supporting documents provided are checked and verified in order to ensure that the transaction is compliant in terms of South African Reserve Bank Rules and Regulations and not for the purpose of verifying banking details. The bank sale form submitted and released by yourself is accepted by the bank as the correct information and released by ourselves as such.

So I will be more careful in future and hope to get the parts soon.

[IanF]

This is like a diary now.
But the supplier emailed and said he has got the money an hour for an international transfer!
Wow that was quick so FNB are trying very hard to fix this.

[Dave A]

Just shows how quickly it can be done when someone actually takes ownership and runs with it.

[AndyD]

I agree but it's unfortunate that the gap between what can be done and what is usually done is so wide. I have my fingers crossed for you Ian, if God loves a tryer he must be besotted with you by now

[IanF]

The parcel arrived yesterday afternoon and we checked it this morning every thing was there.
Now I have spares parts and can hopefully keep this machine running.

[Martinco]

Advice sought
What banks do you recommend to pay a supplier in China efficiently so there is not a week wasted with the FNB red tape. I am not to concerned about the interest lost as I have kept out of overdraft for over a year now and FNB don't give me interest on the positive balance. Also any tips on how to get payment there quickly, the supplier doesn't accept credit cards.

Hi Ian,

I have been using Bidvest now for the past 6 to 7 years and they have been on the ball so far.
Our local branch is really a pleasure to work with.
They even fetch the paperwork from our office and do what is required. and takes about 3 days to reach the supplier.

[IanF]

Martin
I will try Bidvest if I import again. Did you get high tension insulation tape with your laser for the red wire connection to the tube?

[Martinco]

No Ian, Cannot recall this but the HT side had a huge plastic cap that goes right over the connection.

[dfsa]

I have given up on our Banking forex Years ago.

Most companies in China will accept PayPal. The payment is instant and the cost is low.

I received my last imported goods within 4 Days from time of order placement.

The advantage you have with PayPal is, if the goods do not arrive, then you can claim a refund. Your payment reflect instantly in your supplier account and order is processed.