What is the Difference of T/T and Western Union?


Author: Candy          Source: www.siqiphoneparts.com          Release on :2015-07-06



T/T and Western Union both are the popular payment term for international business.

SIQI accept both of payment way also.


Here we make a simple summarize for their difference for you.

Payment term Account Intermediary bank charge Receive money time
T/T company account around US$25.00 about 2-5 working days
Western Union personality without real time arrive


PS: 

1) SIQI USD bank account is HSBC one, the money arrival time can be faster about 2-3 business days.

2) Western Union usually is for small order payment, for bulk order, usually transfer via bank.

3) Intermediary bank cost will be paid to the intermediary bank. As every USD transaction should go through USA bank.