Wire Transfer Payment Services

Trade Finance Providers - TFP can pay your suppliers by Wire Transfer direct to their bank accounts

To pay a supplier overseas , for example in China for a container of goods . 100% of the Invoice amount is paid to the suppliers bank account by wire transfer .

In order to accomplish this an invoice from the supplier is required , plus a Bill of Lading . Prior to each wire transfer being sent , the borrower or importer would sign the wire transfer authorization form , to confirm each payment .

The supplier would receive his payment within 48 hours and the term of the loan would start from the day the funds are sent to the supplier . The term of the loan could be 30 , 60 , 90 , 120 days . No interest is paid or owed on the facility unless it has been drawn down

To pay a local Australian based supplier for goods .Basically the principle would be the same as in point 1) above – though generally a Bill of Lading is usually not applicable . Local Australian suppliers would be paid by wire transfer in Australian Dollars .