Process for Importing for reselling

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deekay

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So now I'm about to place my first order for goods with a supplier - just a small sample of 10 items. They are based overseas. What is going to best the best option to use for payment. I have just created a paypal account, and they do have one.

But when I log into FNB and try to top-up, if I select the reason as "Import" there is so many fields to complete such as Clients Custom number, Tax number, VAT number and Invoice/MRN Number. I don't have a company formally registered or anything like that yet.

Would it be easier to select one of the other reason such as "Gift" or maybe to not use Paypal but use credit card instead?

Do I need to top-up anyway, or can I just transfer to the company's Paypal account directly from my FNB account.

(New thread spun off from my question post in the second income thread here Here).
 
Hey,

Can you not select services / goods in PayPal as a reason, or use your credit card?

I work for a freight forwarder, if you are wanting to import goods on a full time basis it will require a bit of paperwork basically FNB is asking you for your Importer Code which you would get from SARS when you register as an importer, TAX and VAT are self explanatory, the MRN number is a number generated by SARS (Customs) when the goods are processed through customs. When we clear inbound shipments into SA we have to create a bill of entry based on the supplier invoice and it gets sent electronically to SARS, once they have cleared the goods you will get an MRN number, more or less... It's a bit more detailed than that.

How are the goods actually being shipped to you? Via Courier?
 
UnknownZA said:
Hey,

Can you not select services / goods in PayPal as a reason, or use your credit card?
Click to expand...

I have to top up my Paypal account with funds and the only option in Paypal itself is to transfer from a US bank account. Therefore I need to do it from within FNB account, and that is where they ask for a "reason" field. If I select "import" as a reason, then all that comes up. I could try another reason. Alternatively, I could ask the supplier if I can use a credit card for the payment instead - which looks like it may be simpler.

UnknownZA said:
Hey,
I work for a freight forwarder, if you are wanting to import goods on a full time basis it will require a bit of paperwork basically FNB is asking you for your Importer Code which you would get from SARS when you register as an importer, TAX and VAT are self explanatory, the MRN number is a number generated by SARS (Customs) when the goods are processed through customs. When we clear inbound shipments into SA we have to create a bill of entry based on the supplier invoice and it gets sent electronically to SARS, once they have cleared the goods you will get an MRN number, more or less... It's a bit more detailed than that.
Click to expand...

Hectic, I might have to go that route, but I don't want to have to for a initial sample order. First need to test the market.

UnknownZA said:
How are the goods actually being shipped to you? Via Courier?
Click to expand...

Courier - DHL
 
Please excuse my ignorance, but why not simply log into your PayPal account, add your credit/debit card details and then pay the supplier using that card??

I purchase stuff through Paypal all the time, and all I do is use my debit card - no mess, no fuss.
Truth be told, I do not import goods - but surely you could follow this route for your purchases.
Even if the items you are purchasing are in $, PayPal will tell you the rand equiv. before you hit the final submit button.
 
SQLGuru said:
Please excuse my ignorance, but why not simply log into your PayPal account, add your credit/debit card details and then pay the supplier using that card??

I purchase stuff through Paypal all the time, and all I do is use my debit card - no mess, no fuss.
Truth be told, I do not import goods - but surely you could follow this route for your purchases.
Even if the items you are purchasing are in $, PayPal will tell you the rand equiv. before you hit the final submit button.
Click to expand...

Ok, maybe im being stupid. Let me try and see if i can do that.

I thought you had to have funds in the account first. I have linked my card so will try.
 
deekay said:
I have to top up my Paypal account with funds and the only option in Paypal itself is to transfer from a US bank account. Therefore I need to do it from within FNB account, and that is where they ask for a "reason" field. If I select "import" as a reason, then all that comes up. I could try another reason. Alternatively, I could ask the supplier if I can use a credit card for the payment instead - which looks like it may be simpler.



Hectic, I might have to go that route, but I don't want to have to for a initial sample order. First need to test the market.



Courier - DHL
Click to expand...

Ah okay, luckily DHL will do all the Customs stuff for you....

If you do need some advice on importing when the time comes feel free to drop me a PM, I can guide you in the right direction...
 
hey guys just thought i will share something here. Also a good option for buying online or from companies else where, is using a service called VC Pay its a local company and very easy to work it creates credit cards for you, you can just deposit money into their account and there you go. I use it to buy from ali express and so on for my importing needs.
 
you also need to check if you need an import permit from the DTI or DAFF.
Depends all on what you want to import.

Ask a clearing agent to do you a costing and to check if you need permits.

you'll find some more informations on www.cargoinfo.co.za ; incl. tariff headings etc,
 
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