I have a question that I can't find the answer anywhere. It would be great if someone can help please?
My customer in Hong Kong placed an order for supplying figs for them and they transferred 100% of the invoice value to my UK company account.
The fig supplier is in Turkey and they only accept cryptocurrency for their invoice!
In this case I have to exchange my customer's payment into a virtual currency (USDT or BITCOIN) through an exchange company (Binance) to be able to settle the supplier's invoice.
This means that on the bank statement the beneficiary of the outgoing payment is the money exchange company while actually the supplier is being paid through them.
How can I address this problem?
I really hope someone can help.
Many thanks in advance.
My answers
Hello there!
I have a question that I can't find the answer anywhere. It would be great if someone can help please?
My customer in Hong Kong placed an order for supplying figs for them and they transferred 100% of the invoice value to my UK company account.
The fig supplier is in Turkey and they only accept cryptocurrency for their invoice!
In this case I have to exchange my customer's payment into a virtual currency (USDT or BITCOIN) through an exchange company (Binance) to be able to settle the supplier's invoice.
This means that on the bank statement the beneficiary of the outgoing payment is the money exchange company while actually the supplier is being paid through them.
How can I address this problem?
I really hope someone can help.
Many thanks in advance.