*If your account type is B2B Goods Trade or Other business, please refer https://help.sunrate.com/docs/how-to-make-payments-into-china for the relevant payment guidelines.
Initiate a payment to China (For e-commerce sellers）
After the orders have been successfully uploaded and the foreign exchange settlement quota has been obtained, you can proceed to initiate the payment:
1. Initiate payment
Click on Global Payments, then select CNY Settlement. Enter the amount you would like to transfer and click Get Quote.
*If you wish to send the full transfer amount, select Purchasing Currency. The transfer fee will be deducted from your Balance;
*If you want to cover the transfer fee from the transaction amount, select Selling Currency.
2. Confirm quote
After clicking Get Quote, the system will generate the transaction details. Once you have confirmed the details, select Confirm Quote.
3. Select payee
On the Select Payee page, please ensure that the Transaction Type is B2C E-Commerce, before confirming the account type of the payee (corporate or individual). Once confirmed, select the corresponding payee. Please also ensure the file amount matches the transaction amount. Once confirmed, click Confirm.
4. View transfer records
Once you have confirmed the quote, the system will generate the related transfer record. You may view or it or modify its status anytime in the Transactions in Progress section at the bottom of the CNY Settlement page.
Alternatively, you can click on Transaction History section, before selecting CNY Settlement for more detailed and comprehensive information.
*Note: All CNY-related settlement services provided by SUNRATE are facilitated by licensed institutions who are our partners.