eTradePay.com is the online settlement system for international trade (B2B) that makes transaction more efficient and secure.
Powered by eTradePay.com, Lightstrade.com has been upgraded from a display platform to an online transaction marketplace for lighting industry worldwide. eTradePay.com empowers data by cross-checking digital information from key procedures of the whole trade to intelligently implement the e-Contract signed by the Buyer and Supplier, and protects the interests of both parties.
Buyer can use eTradePay to make payment to Supplier online, with below methods:
Low cost but longer transit time
Visa / MasterCard
Mainly for buyers with BitPesa accounts from Nigeria, Uganda, Tanzania and Ghana.
How It Works
Online Negotiation between Buyer and Supplier
e-Contract Confirmed and Signed Online
Full Payment from Buyer to eTradePay
Cargo Delivery Arranged by Supplier at Loading Port
Counting & Inspection (Optional)
Customs Clearance at Loading Port
Issuance of Delivery Order to Buyer at Destination
Last Payment Release
How is Transaction Secured?
Through digital linking-up with related parties in the trade process by real time including:
●China Customs and Customs Brokers
Lightstrade.com enhances the transaction security in the event of:
Build up the trust between Buyer and Supplier
Key Advantage & Value
Guarantee the security of settlement online
Make the logistics visible online
Protect the whole trade process by crosschecking and verifying the digital data from various parties.
How Buyer’s payment is released?
Lightstrade. com designates eTradePay. com as payment tool to secure and implement the transaction. Buyer and Supplier can negotiate terms of payment flexibly prior to signing the e-Contract. Once e-Contract signed, eTradePay will implement the terms of payment strictly and automatically.
●First payment release to supplier upon Customs Clearance Proof at loading port
●Last payment release to supplier on the
1)10th Calendar Day after the issuance of Delivery Order by forwarder for sea freight and air freight;
2)5th Calendar Day after the issuance of Cargo Receipt by Courier
Is eTradePay.com Free for buyers?
Yes, eTradePay.com is free for buyers.
If Buyer has not received shipment, or Buyer is not satisfied with the shipment, Buyer can contact Supplier, or open dispute in Buyer Center. Buyer and Supplier need to settle the dispute through negotiation. If both sides can’t reach agreement within 30 days after dispute is raised, the dispute will be submitted to Lightstrade.com for determination.