Home Forums For Musician Musician Chat & Support (Language: English) Payoneer vs Bank Payment (Other Chinese RF Sites Paying through Payoneer)

This topic contains 1 reply, has 2 voices, and was last updated by  100audio-yuanxiaoshuai 5 years, 5 months ago.

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    Hi, OmOfficial

    100Audio is the largest music marketplace in China, if we need only processing petty cash payments(less than 10,000 USD), we can make a direct payment for the author. However, the real situation is we have over 250,000 USD need to pay every time. China is a country strictly implement foreign exchange control, any person or corporation wants to make a large amount of foreign payment all need to comply with legal procedures, moreover, it’s vital to pay taxes for every author. We can’t process these online payments directly without paying any duty and taxes, because it’s illegal in China. For any party, the legality of the platform is definitely vital. We sincerely hope you can understand us. Meanwhile, we wish you the best and health above all!

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