LianLian?

[diatessaron]

There's only 1 post about them here: "Lianlian Global" EMI that works with the biggest banks? and that is from 2023.

1 year later, has anyone worked with them during this time? Their website is very buggy but I know they're legit.

 

[Laowu]

It is a legal payment service company in China, mainly used by the e-commerce companies‌

you can contact them for details, it is not a scam

 

[diatessaron]

I know they're not a scam, I was wondering if anyone could share anything⁠ about their approval process, how long does it take etc. They said 5 days but⁤ it has been 5 days already an the account hasn't been approved or denied yet.⁣

 

[daniels27]

To be honest with you, they mainly focus on Chinese companies.⁤ Their main business model is accepting USD payments form Amazon and pay out CNY in⁣ China. The process is quite manual as the banks need to check the import/export documents⁢ as China has currency control in effect and you cannot freely transfer money in and︀ out of China. As a result, the advertised rates are normally higher than what competitors︁ in the US/UK market tend to offer. As 90% of their business is Chinese companies,︂ I would not necessarily expect anything rapid in your special case. Not many people are︃ willing to pay that much fees. Just remember, in Germany there are banks offering FX︄ at 0.1% and less. I think only @Commodus is using them:
https://www.offshorecorptalk.com/th...-emi-that-works-with-the-biggest-banks.42739/
You can read︅ some reviews here:
https://sellercentral.amazon.com/se...-8ae4-29841980566c/reviews?page=1&pageSize=10as expected, they are mainly in Chinese and talk about the︆ high fees.

 

[jafo]

True! I agree with this 100%!

"An acquaintance of a friend of︄ a friend," hereinafter referred to as "AFF" smi(&% uses them in his WFOEs. According to this︅ AFF, if you want to get approved fast, use a WFOE. The fees are somewhat︆ "high," but with the competition of crypto, (Lian)² is more than happy to"accommodate" the people︇ who feed them, aka., their customers. 😉

Also, according to the AFF, no three-letter agencies or︈ "other" agents will ever visit your WFOE, and NONE of your accounts will be "frozen/suspended/banned."︉ 😉

IYKYK coo-:!y

PS. Of course, be prudent & wise! Don't be a tool for the self-appointed︊ slave masters of the Universe who want to start another Opium War with the indomitable︋ and unconquerable people! hi%# Also, IYKYK! smi(&%

 

[linusAG]

My friend works for Lianlian, which is a legal and professional financial institution. And yes,‌ they are much more interested in import/export business or Amazon e-commerce companies and they do‍ not onboarding any consulting or crypto companies.
But they take some high-rish business onboard from⁠ time to time 😉

 

[daniels27]

Do you know what fees are possible⁤ for white hat Amazon sellers?

 

[Forester]

A little bit late to the party (well, holidays 😉 ) ... just my 2 cents:‌

There are some China-based fintechs IMO similar to LianLian that I am aware of –‍ PingPong (pingpongx.com) and Panpay; and to some extent Sunrate (but they are Singapore based).
@diatessaron, I, of course, have no clue for what purpose you want an account with⁠ LianLian; but the aforementioned might be worth checking, too...
Disclaimer: I know that all the⁤ mentioned companies exist and they are legit, yet I possess no further information about them.⁣ IIRC, @linusAG may be more knowledgeable and possibly @daniels27, too.

 

[linusAG]

Let me check next week : )

 

[linusAG]

For Chinese companies, Singapore is‌ the place of choice for their global headquarters.
(Such as Tiktok, SG HQ 😵

 

[daniels27]

Yes, there are quite a few with some Chinese background:
https://www.sunrate.com/https://www.worldfirst.com/https://www.skyee360.com/https://global.lianlianpay.com/https://www.airwallex.com/https://www.international.pingpongx.com/https://currenxie.com/en-hk/use-caseshttps://global.allinpay.com/https://www.ipaylinks.com/https://www.transfereasy.com/https://wap.baofu.com/https://www.whalet.com/https://www.coralglobal.cn/https://zyla.com/https://global.yqb.com/https://www.uprimer.net/https://www.hzbank.com.cn/https://www.nbcb.com.cn/corporate_client/cross_border_finance/export_business/https://smart.citicbank.com/https://www.czcb.com.cn/czcb/gjyw/dyt/2022042508483329104/index.htmlhttps://www.photonpay.com/https://www.windpayer.com/https://www.tenpayglobal.com/https://www.cogolinks.com/https://globalpay.163.com/h5/
I can confirm they are all legit. They may︁ not accept all companies. I have not tried then all.

 

[Forester]

An interesting list, really. (I do not think that e.g. Airwallex and Currenxie are similar to‍ LianLian; but it's not so important.) Thanks for sharing!

 

[daniels27]

Their offering differs a lot indeed. All offer local US bank accounts to receive money‌ from at least some third parties.