As China's international trading environment continues to mature, the ability to buy on credit (i.e. making open account transactions) has become an increasing need for overseas buyers to make purchases from suppliers in China. To serve this need, Alibaba.com ( through its affiliate, OneTouch) has jointly launched its e-Credit Line with two state-owned enterprises: Bank of China and China Export & Credit Insurance Corporation (SINOSURE). By availing up to 80% of the amount payable and offering up to Open Account (OA) 120 days, e-Credit Line provides overseas buyers with extended payment term for products sourced, and one-stop export-related service, making your purchases from suppliers in China simple, flexible and convenient.
Requirements for Application
Your OA term is no more than 120 day;
You are located in our service area. For detailed information on service areas, please refer Country list
You are registered corporations instead of individuals.
Your company must have been established and legally operating for more than 1 year and your annual trade volume must exceed US $500,000.
I was very pleased with Alibaba’s service and the way that e-Credit Line works. My approved credit limit is US $500,000.
The capital cost in Ghana is high and I feel this e-Credit Line service will be perfect in Ghana.
So far, I have processed two transactions and they have been approved. I am very happy now.