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|
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.