Ask Glenbrook: Sending Payments to China
See the following Ask Glenbrook question we recently received:
I have a small business in the U.S. and outsource a bit of work to China, and I'm looking for a good way to send payment to them. Can you suggest a reliable, cost effective way to do this?Perhaps Citigroup's Worldlink service is one way to do that? A quick inquiry revealed:
China FX is highly regulated, so beneficiaries must bring in paperwork to their banks to obtain funds, so delivery of actual funds can be delayed.Do you have a recommendation for this small businessman looking for a convenient and reasonably priced US to China payment solution? If so, please post a comment!
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