What Is Open Account (O/A)
Open Account (O/A) payment is a method with the credits given for a certain
period, without any special credit
guarantee procedures. It occurs when
a seller ships the goods and all the necessary shipping and commercial documents directly to a buyer who agrees to
pay the seller at a future date. Open
Account is typically used between
established and trusted traders.
The suppliers in China usually don’t
accept the payment in 60 days, 90 days or even 120 days after shipping.
Cooperate with us, we can help pay in advance of the payment , and ship the
products to the destination.
What Is The Process ?
★ STEP 1: Do the credit investigation for the suppliers and the overseas buyers.
★ STEP 2: When the both parties pass
the investigation, the buyers should
offer us the confirmed PI.
★ STEP 3: According to the credit result of the buyers, we will offer the payment solution to buyers.
★ STEP 4: Sign the Sales Contract with
the buyers and Purchase Contract with
★ STEP 4: When the order is ready, we will pay to the suppliers and arrange the ship from China to destination.
★ STEP 5: The buyers should pay us the money certain period according to the
Sales Contract after shipping.
How Can We Help You ?
♦ TCF provides advance payment service to Chinese suppliers for the overseas buyers, so the buyers can receive the goods first then make the payment in certain period ,like 60 days, 90 days or even 120 days after shipping. We help buyers
relieve capital pressure and turnover
♦ TCF provides buyers with advance
payment without any mortgage, guarantee or recessive consumption. With low interest rate, quick loan, it helps
overseas buyers solve the capital
♦ TCF can pay up to 90% of the contract amount in advance for the overseas