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Western Union

Nov 14, 2018
  • Western union is the world's leading express remittance company,It has a history of 150 years,It has the world's largest and most advanced electronic exchange financial network.  Agents are spread to nearly 200 countries and regions in the world.

  • Western union is a subsidiary of first data corporation (FDC), one of the fortune 500 companies in the United States.

  • China everbright bank, China postal savings bank, China construction bank, zhejiang guzhou commercial bank, jilin bank, Harbin bank, fujian strait bank, yantai bank, longjiang bank, wenzhou bank, huishang bank, pudong development bank and other Banks are the Chinese partners of western union remittance.

  • It takes about 15 minutes to pay in this way. 


advantages: 

Safe, collect money first and then deliver goods, most advantageous to the businessman.


disadvantage:

1.Remittance fee for small amount collection is high.

2.A lot of times the buyer will not believe that, I cooperate with you for the first time, I made the payment to you, what should you do if you do not deliver the goods to me, so therefore give up the transaction, if this customer is a big customer, then our loss is big.

3.As a traditional trading mode, it cannot adapt well to the new international market.