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STS ( Smart Transaction System ) :
An online transaction system empowered by digital data in trading process
Online trading system that uses digital data authorization in the transaction process
Protect and safeguard your orders on Alieba.com
STS protects and secures online orders when paying via eTradePay.com
The mechanism of STS ( Smart Transaction System )
1
Buyer and Supplier confirm e-Contract on Alieba.com
Buyer places purchase order to supplier Supplier confirms e-Contract with Buyer
2
Buyer pays deposit to Alieba.com via eTradePay before loading at port of shipment
3
Suppliers deliver to Forwarders who are registered with Alieba.com and have signed digital integration agreements.
4
Buyer pays the balance to Alieba.com through eTradePay before picking up the item at destination
5
Alieba.com releases payments to Supplier after pickup.
6
After the buyer completes the customs clearance in Russia, they can pick up the goods in the Russian warehouse.
Remarks: The ratio of deposits and closing balances may be negotiated in e-Contracts.
Online Payment & Settlement Scheme
Alieba.com holds payments during the transaction and release them according to the schedule below
Settlement Schedule
1.Release of Deposit: Alieba.com directs banks to release deposit to suppliers after the goods are loaded at the port of departure.
2.Release of Balances: Alieba.com directs banks to release balances to suppliers within one working day after destination pickup.
Payment schedule
Deposit payment: the Buyer pays the Deposit to Alieba.com according to the e-Contract.
All the above operation is implemented by system of STS automatically.