All Trading/Transaction Methods
There are four types of trading/transaction methods available

  • Stripe Online Payment System

    Credit Payment Transactions
    (Stripe)

  • Benefits for importers and exporters

    Letter of Credit Transaction L/C

  • Smooth, safe and secure trades

    SMBC
    Escrow Service

  • No middlemen in the trade helps reduce cost

    Bank Transfer Transactions
    T/T

Credit Payment Transactions(Stripe)

①When customers buy products and services:
Credit Cards are used to make purchases on the site. As such, it is not necessary to make cash based transactions.

②When a purchase is made, the customer's credit card is charged. The credit card company, then pays to the relevant supplier. As such, the customer does not directly have to pay the supplier. The transaction process is handled by the credit card company.

③The price of the goods and services will be deducted from the consumer's bank account in accordance with the closing date and payment date agreed upon by the card company.

※If you experience any issues, please feel free to contact JET-Global.

Letter of Credit Transaction

The idea in an international trade transaction is to shift the risk from the actual buyer to a bank. Thus an LC (as it is commonly referred to) is a payment undertaking given by a bank to the seller and is issued on behalf of the applicant i.e. the buyer. In this process, both the buyer as well as the seller have individual banks handling the transaction from either side. This is done to ensure reliability and stability as well as to ensure full safety and compliance with contract standards. In this case, this ensures safety for the customer as the responsibility is shifted from the buyer to the bank.

Escrow Trading(SMBC)

JET-Global performs transactions on an ESCROW basis. In the process of an escrow transaction, a third party, in this case, the bank holds and regulates the payment of the funds that are required for the two parties, the buyer and the seller namely involved in a given transaction. Upon placing an order, the amount paid by the buyer is held by the bank in escrow. The seller then ships the product to the buyer. Once the buyer receives the product and confirms, the bank then releases the funds from escrow and the seller is paid. This method of purchase ensures there is no risk of fraud and minimizes chances for errors in the process.

① Trading → ② Buyer → (Payment) → ③ JET-Global → (Payment Notice) → ④ Seller → (Delivery of goods and services) → ⓹ Buyer → (Receipt Notice) → Escrow Services → (Payment) → Seller

※If you experience any issues, please feel free to contact JET-Global.

Telegraphic Transfer

TT or Telegraphic Transfer is another method of payment in JET. It is an electronic method of transferring funds utilized mainly for wire transactions overseas. They are also used in automated payment systems. A transfer charge is often charged by the sending bank and in some cases, the receiving bank as well. This method of payment does not include any form of escrow and as such, delivery of goods depends upon the contract between the seller and the buyer. However, it does not require any additional or initial opening fee as required with L/C Transactions.

In general, the company may exchange contracts with both parties, but please be aware that JET-Global cannot take any responsibility for the actions of a supplier.

All Trading/Transaction Methods
There are four types of trading/transaction methods available

  • Stripe Online Payment System

    Credit Payment Transactions
    (Stripe)

  • Benefits for importers and exporters

    Letter of Credit Transaction

  • Smooth, safe and secure trades

    SMBC Escrow Service

  • No middlemen in the trade helps reduce cost

    Bank Transfer Transactions

Credit Payment Transactions(Stripe)

①When customers buy products and services:
Credit Cards are used to make purchases on the site. As such, it is not necessary to make cash based transactions.

②When a purchase is made, the customer's credit card is charged. The credit card company, then pays to the relevant supplier. As such, the customer does not directly have to pay the supplier. The transaction process is handled by the credit card company.

③The price of the goods and services will be deducted from the consumer's bank account in accordance with the closing date and payment date agreed upon by the card company.

※If you experience any issues, please feel free to contact JET-Global.

Letter of Credit Transaction

The idea in an international trade transaction is to shift the risk from the actual buyer to a bank. Thus an LC (as it is commonly referred to) is a payment undertaking given by a bank to the seller and is issued on behalf of the applicant i.e. the buyer. In this process, both the buyer as well as the seller have individual banks handling the transaction from either side. This is done to ensure reliability and stability as well as to ensure full safety and compliance with contract standards. In this case, this ensures safety for the customer as the responsibility is shifted from the buyer to the bank.

Escrow Trading(SMBC)

JET-Global performs transactions on an ESCROW basis. In the process of an escrow transaction, a third party, in this case, the bank holds and regulates the payment of the funds that are required for the two parties, the buyer and the seller namely involved in a given transaction. Upon placing an order, the amount paid by the buyer is held by the bank in escrow. The seller then ships the product to the buyer. Once the buyer receives the product and confirms, the bank then releases the funds from escrow and the seller is paid. This method of purchase ensures there is no risk of fraud and minimizes chances for errors in the process.

① Trading → ② Buyer → (Payment) → ③ JET-Global → (Payment Notice) → ④ Seller → (Delivery of goods and services) → ⓹ Buyer → (Receipt Notice) → Escrow Services → (Payment) → Seller

※If you experience any issues, please feel free to contact JET-Global.

Telegraphic Transfer

TT or Telegraphic Transfer is another method of payment in JET. It is an electronic method of transferring funds utilized mainly for wire transactions overseas. They are also used in automated payment systems. A transfer charge is often charged by the sending bank and in some cases, the receiving bank as well. This method of payment does not include any form of escrow and as such, delivery of goods depends upon the contract between the seller and the buyer. However, it does not require any additional or initial opening fee as required with L/C Transactions.

In general, the company may exchange contracts with both parties, but please be aware that JET-Global cannot take any responsibility for the actions of a supplier.

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