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What should we consider before accepting stablecoin payments from overseas customers?

虚拟职场用户头像

Before connecting a payment tool, check whether your company can receive the stablecoins and convert them into money in its bank account. A customer’s willingness to pay is only the starting point.

Which company receives the payment?

Who signs the contract, where is the business operated, and where are the customers? Mainland China connections require an early review of virtual-currency and cross-border payment restrictions. An overseas company alone does not resolve those issues.

How does the payment reach your bank account?

Identify the receiving wallet, its controller, the conversion provider and the destination bank. The payment trail should match the order, contract and invoice. Ask the bank what evidence it needs before shipping the goods.

Your own sales, or collections for others?

These need separate assessments. Collecting for other merchants, holding their assets or converting funds may raise additional payment, custody or exchange licensing questions under local rules.

Tell me where the company is incorporated and operated, and whether it only collects payment for its own goods. That will help identify which questions need a closer review.

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