{"id":35166,"date":"2024-07-01T03:33:11","date_gmt":"2024-07-01T03:33:11","guid":{"rendered":"http:\/\/anja"},"modified":"2024-07-01T03:33:11","modified_gmt":"2024-07-01T03:33:11","slug":"make-supplier-payments-to-china","status":"publish","type":"docs","link":"https:\/\/www.worldfirst.com\/uk\/help-center\/making-payments\/make-supplier-payments-to-china\/","title":{"rendered":"How do I make supplier payments to China?"},"content":{"rendered":"\n<div class=\"wp-block-columns has-background is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\" style=\"background-color:#8dd2fc3b\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>With the World Account, you can make payments to the CNH (off-shore CNY) bank accounts of your suppliers in Mainland China but not directly to their CNY accounts in Mainland China. Per regulations in China, for foreign exchange and cross-border fund settlements, the domestic fund recipient, who must be a citizen of the People&#8217;s Republic of China, will need to make declarations with relevant documents to local authorities. Therefore, it would be incumbent on your Mainland China recipient to settle funds into a domestic Mainland China account.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p id=\"u575164df\">To make transfers to your Mainland China supplier&#8217;s CNH account, you&#8217;ll need to &#8211;<\/p>\n\n\n\n<ul>\n<li>Add your supplier&#8217;s account as a payee<\/li>\n\n\n\n<li>Go to &#8220;<strong>Payees<\/strong>&#8221; tab and click on &#8220;<strong>Add a new payee<\/strong>&#8221; on the top-right corner<\/li>\n\n\n\n<li>Select &#8220;<strong>Add a single payee<\/strong>&#8220;<\/li>\n\n\n\n<li>In the next screen, select &#8220;<strong>Third-party account<\/strong>&#8220;<\/li>\n\n\n\n<li>Then select personal or corporate account based on the nature of your payee&#8217;s account<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611073650611.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611073650611.webp\" alt=\"\" class=\"wp-image-32681\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>Select &#8220;<strong>CNH<\/strong>&#8221; as the receiving currency and enter your payee&#8217;s account details<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611081846868.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611081846868.webp\" alt=\"\" class=\"wp-image-32686\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>Next, select the nature of services that your supplier provided<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611082026188.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611082026188.webp\" alt=\"\" class=\"wp-image-32687\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>After completing an Authy or SMS verification, you&#8217;ll have added the account as a payee<\/li>\n\n\n\n<li>To make a payment, go to<strong> &#8220;Payments&#8221; &gt; &#8220;Send &amp; Withdraw<\/strong>&#8220;<\/li>\n\n\n\n<li>On the next page, select the purpose of payment according to the nature of trade between you and your supplier<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611082303266.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611082303266.webp\" alt=\"\" class=\"wp-image-32688\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n\n\n\n<ul>\n<li>Next, enter the amount you&#8217;d like to transfer to the recipient<\/li>\n\n\n\n<li>You can choose whether to send the payment right away or schedule it for a future date<\/li>\n\n\n\n<li>By clicking &#8220;<strong>Next<\/strong>&#8221; and completing verificaiton, you&#8217;ll have booked a transfer to your supplier<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611082632676.webp\"><img decoding=\"async\" src=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611082632676.webp\" alt=\"\" class=\"wp-image-32689\" style=\"width:500px; box-shadow: 1px 1px 3px 3px #EEEEEE;\"\/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>With the World Account, you can make payments to the CNH (off-shore CNY) bank accounts of your suppliers in Mainland China but not directly to their CNY accounts in Mainland China. Per regulations in China, for foreign exchange and cross-border fund settlements, the domestic fund recipient, who must be a citizen of the People&#8217;s Republic [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"doc_category":[41],"doc_tag":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How do I make supplier payments to China? | WorldFirst<\/title>\n<meta name=\"description\" content=\"Learn how to use World Account to make payments to the CNH bank accounts of your suppliers in Mainland China, but not directly to their CNY accounts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.worldfirst.com\/uk\/help-center\/making-payments\/make-supplier-payments-to-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How do I make supplier payments to China?\" \/>\n<meta property=\"og:description\" content=\"Learn how to use World Account to make payments to the CNH bank accounts of your suppliers in Mainland China, but not directly to their CNY accounts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.worldfirst.com\/uk\/help-center\/making-payments\/make-supplier-payments-to-china\/\" \/>\n<meta property=\"og:site_name\" content=\"WorldFirst\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.marmot-cloud.com\/worldfirst\/sites\/9\/2024\/06\/20240611073650611.webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.worldfirst.com\/uk\/help-center\/making-payments\/make-supplier-payments-to-china\/\",\"url\":\"https:\/\/www.worldfirst.com\/uk\/help-center\/making-payments\/make-supplier-payments-to-china\/\",\"name\":\"How do I make supplier payments to China? 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