Me client ... I choose how to pay .. those who accept how *I* want to pay - get business...
I’m with you on that.
I mostly choose to pay in any currency other than the dollar because my personal beliefs do not support using it outside the states for reasons outlined here previously. And because I am a fervid supporter of de-dollarisation, and we have to do our bit.
Some companies are more stuck in the dollar rut than others. Mostly by habit rather than necessity. If you are going to accept a foreign currency it doesn’t really matter which one it is as long as it is easily converted and relatively stable. For that reason I have used Pounds, Hong Kong Dollars, RMB, Roubles and Euros instead of US Dollars where possible.
As to your snide and incorrect comments on business trips, I’ll educate you, grasshopper: I agree that one can transact with suppliers in China to some degree over distance without meeting them, I have done the same. But if you ever get to the stage of doing some decent business, poncing about on Skype and messing around with PayPal will not cut it.
I rather like having a little jolly to China once or twice a year. I like meeting people face-to-face. That goes a long way to boost ones Guanxi in China too, as I’m sure Guile will confirm. This method of building relationships means that I don’t need to use platforms like PayPal as a poor mans escrow and/or safety blanket. Because I know the people that I transact with, because I’ve sat down and had dinner with them and taken the time to build friendships and relationships. That doesn’t really matter if your spend is $1000. If you’re spending 30 or 40 grand a pop, you want to know the people and see their set up before you send that kind of money. I do anyway....
This visit to China has afforded me a side visit to Beijing, then North Korea (and a couple of days in Hong Kong to order some shirts on the way home), if I hadn’t had a reason to come in this direction anyway, and hadn’t had a Chinese multi entry visa already, I probably wouldn’t have gone to North Korea is a standalone visit. Next time I’ll do South Korea, Singapore or Japan as a side visit.
You are using a pals wife as a helper. Over the five years or so I’ve been coming here I’ve built up a little network of local helpers. They all started off as paid help, most have since become friends, and the occasional local assistance I need nowadays seldom costs me any more than a dinner as a gesture. The exception being my driver, he gets paid standard rates.
A ‘business trip’ doesn’t always mean some poor sap in a cheap suit bored to tears at the local business man’s hotel. I’m in a rather pleasant golf resort hotel with multiple pools and peacocks everywhere. I’ve just quaffed a bottle of nice Italian vino and an Australian wagyu. Tomorrow I’m meeting a few pals and giving one of them a rather nice bottle of Russian cognac Wifey brought back for him. Next week I’ll be getting measured for some new shirts in Hong Kong.
If you’d rather sit bashing a keyboard telling yourself business trips are unnecessary than doing all that, then that is up to you. I was stood in Tiananmen Square a week or so ago. A few days later I was having dinner on a yacht on the Dandong river overlooking the Juche Tower in Pyongyang.
Oh, you know the best bit? It is tax deductible. You’d know that if you paid any.