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CONNECTAMERICAS PAYMENT SOLUTION SURVEY

 

 

We will keep all this information confidential  

 

(Is a unique number assigned to a merchant account to identify it throughout the course of processing credit-card transactions, it is generated by your acquirer bank)
How do you structure payments to the foreign seller typically?
Payment upfront before we shipPayment right after they receive goodsPayment after some time (like 30-60 days) after we receive goodsOther
Now think all international transactions: How do you structure payments to the foreign sellers?
We pay upfront before our foreign providers ship product or serviceWe pay 1-29 days after we receive the goods or servicesWe pay 30-45 days after we receive the goods or servicesWe pay 46-90 days after we receive the goods or servicesOther
What is the main pain point when you are making cross-border payments? (1=huge pain for us; 10=no pain at all, works really well)
They are expensive to us because we pay some of the feesThey are expensive to use because we pay all of the feesThey take a long time to come through They are complicated as the seller uses different method than we doThey are not trustworthy
When you do an import transaction, what is your estimated cost (in % of the price of the product or service sold) of these various steps give an estimated %; Seek to include also the staff time in this %, not just hard cost of the service
Finding high-quality sellersNegotiation with sellerNegotiation with the seller’s distributor or representativeGetting capital to buy the product or serviceFinding the right shipping partner or freight forwarderShipping from foreign sellerShipping domestically, such as from port to usCustoms import procedures in our marketWarehousingFees of cross-border payments
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