How to Pay Your Chinese Suppliers from Africa

As an African business owner, you're likely considering expanding your reach into global markets. With China being the largest source of imports in the world, it’s no surprise that they’re at the top of your list.

‍

Agreed, expanding your business to China can be a game-changer. However, navigating the complexities of international trade, especially when it comes to payments, can be a daunting task. The labyrinth of traditional banking systems, coupled with high fees, slow processing times, and uncertain exchange rates, often leaves businesses frustrated and their cash flow stifled. This is enough to send anyone running and screaming in the opposite direction.

‍

Imagine paying your supplier in China and converting your funds from your local currency to US dollars first and then to the Chinese Yuan. Remember that each conversion typically comes with its own fees and processing time. That’s time and money that could be better spent growing your business.

‍

With Cedar’s rate alerts feature, you save money on your transactions as you get to set an exchange rate that’d benefit you and get notified when your target rate is reached.

‍

Not to mention, these delays could also make it difficult to build good relationships with your suppliers. How? Many times, you cannot provide an exact time or date they’d be receiving their funds, and even worse, the funds may arrive as a lesser amount than what you sent due to various fees that you are unaware of deducted along the way. That could come off as a glaring red flag to your Chinese suppliers.

‍

For these reasons and many more, the question on your mind shouldn’t be how to pay your Chinese suppliers from Africa but, “What is the best (and fastest) way to pay your Chinese suppliers from Africa?”

Thankfully, the answer is simple, seamless, and fast— Cedar Money.

‍

Cedar Money: Your Solution for Seamless Cross-Border Payments

‍

Cedar Money is designed to simplify your international payments, making your business operations far more efficient and profitable. Forget about cumbersome processes when paying your Chinese suppliers from Africa. Cedar Money is a modern and innovative solution to the challenges posed by traditional banking methods. By leveraging cutting-edge blockchain technology, we’ve made it easier for your funds to get to where you need them to be when you need them to be there.

‍

Why Choose Cedar Money?

• Faster Payments: Forget about waiting days or weeks for your payments to your Chinese suppliers to be processed. With Cedar, you get to accelerate your supply chain and improve cash flow with our fast payment processing times (t + 1 settlement).
• Transparent Fees: Say goodbye to hidden fees or surprise charges that eat into your profit margins. Our pricing is clear and competitive and enjoy competitive rates.
• Enhanced Security: Your funds are safe with us. We use cutting-edge security measures to protect your business and your funds
• Simplified Process: Our user-friendly platform makes international payments a breeze. Not only can you pay your suppliers in China but you can easily pay your suppliers in over 130 countries around the world.
• Features that serve you: Enjoy awesome features on Cedar that are engineered to move your business forward; rate alerts to let you know when rates are favorable to you; a rewards program that allows you to earn money when you refer other businesses, and so much more.

‍

Experience the Cedar Money Difference

‍

By choosing Cedar, you're not just making a payment; you're investing in a better future for your business. With Cedar, you can:

• Focus on Growth: Spend less time on payment hassles and more time growing your business.
• Strengthen Relationships: Build stronger relationships with your suppliers by ensuring timely payments.
• Gain a Competitive Edge: Stay ahead of the curve with efficient and reliable payment solutions.

Ready to start making payments to your Chinese suppliers faster and easier?  Sign up on Cedar today!

‍