Commbank large amount transfers. How do they work
If you wish to send very high amounts with Commbank, you may need additional assistance of transfer approvals. Let’s see how large transfers work with this bank
AliExpress is an online retailer based in China, which sells to international customers including those based in Australia. If you’ve ever used the site before, you’ll know that it has a jaw-dropping number and variety of products – in short, it sells pretty much everything.
But is AliExpress safe to shop at? Here, we’ll take a closer look at security at AliExpress, including safe ways to pay.
💸 Hold over 40 currencies in your account and spend at the mid-market rate with the Wise card while shopping abroad. |
---|
Learn more about the
Wise Multi-currency account
AliExpress is an online international commerce retail marketplace. It is the consumer version of Alibaba, which is a wholesale marketplace mainly used by businesses and their suppliers. It was launched in 2010 and is a part of the Alibaba Group.¹
While not as large as Amazon, there are similarities between AliExpress and the US online retail giant. Each online retailer sells a wide range of products in countless retail categories, from electronics and toys to fashion, furniture, beauty products and much more.
The key difference (apart from size) is that AliExpress is known for selling products at far cheaper prices than you’d find elsewhere. These super cheap prices are down to how products are sourced directly from Chinese manufacturers, where manufacturing and shipping costs are low.
But the bargain basement nature of the prices at AliExpress does inevitably create doubts for some consumers over whether it’s a legit and safe place to shop. So let’s look at that now.
Shopping on AliExpress can be considered generally safe because it’s owned by Alibaba, an established, multi-national company. This doesn’t automatically make it a 100% safe place to shop, but it is reassuring to know that there is a credible, reputable company behind it.
There are a few buyer protection policies and systems in place to keep your shopping experience safe on Aliexpress.² Let’s take a quick look at these:
These are the basics every purchase on AliExpress comes with. You can see the full process here.
If you don’t receive your products, or items are significantly different to how they’re described by the seller, AliExpress will refund your payment
Your items will be delivered by a set date which is guaranteed by AliExpress.
These are extra guarantees provided to certain countries (limited to most EU countries) in the form of extra warranty.
Sellers on AliExpress offer a 2-year guarantee on some products which you could manually select or get automatically added to your order. You can see the full process here.
This is managed by the AliExpress customer service team.
Card payment security including 3D Secure, a protocol which acts as an extra security layer for online credit and debit card payments.
You can also take a few basic precautions to protect yourself when shopping online at sites like AliExpress. For example, check out the seller reviews before purchasing – just in case other customers have had a bad experience.
You should also watch out for fake/bootleg products (if you’re after the real thing) and always make sure you’re buying from the real AliExpress site.
If there is a problem with your order (i.e. it doesn’t arrive, is damaged or contains incorrect items), you can use the AliExpress dispute process to get it sorted.³
Simply follow these steps:
Raising disputes with AliExpress can result in a little back and forth with the seller. This may take time, so you’ll need to be patient before your problem can be resolved.
There is a specific timeframe during the order and delivery process within which you can open a dispute.
In summary, on AliExpress: you can only open a dispute from the 11th day — after the seller has sent out the goods — until the 15th day after delivery time is over or you confirm receipt of the item.³
Payment methods are another important security detail for online shoppers to check before heading to the virtual checkout.
At AliExpress, customers in Australia can checkout paying via debit or credit card. This is the case whether using the AliExpress app, or shopping online. All major card providers are accepted though, including Visa, MasterCard, Maestro, Discover and American Express.
At the moment, only customers in certain countries (which unfortunately doesn’t include Australia) can pay via PayPal on AliExpress.
The AliExpress website is a secure place to enter your card details. All info sent to and from the site is encrypted with HTTPS – the industry-standard secure communications protocol.
AliExpress uses 3D Secure — a protocol designed to be an additional security layer for online credit and debit card transactions — for additional protection when paying by card.
The excellent news for Wise customers is that you can use your Wise debit card to shop up a storm on AliExpress, with low conversion fees and at the mid-market exchange rate.
So, is AliExpress safe to shop at? In short, yes – it’s a major online retailer with a number of Buyer Protection policies in place, plus secure ways to pay. But it never hurts to be a smart shopper. Make sure to check out seller feedback and reviews before you buy, and take basic security precautions whenever you’re shopping online.
If you are frequently buying on AliExpress and need to pay in foreign currency, the Wise Account and card allows you to shop like a local without high conversion fees and at the mid-market exchange rate.
Opening a Wise account allows you to hold 40+ currencies at once, while having your own local account details in 10 of these currencies. You can see the full coverage here.
Safety is paramount at Wise. In Australia, it is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL number 513764).
Join over 13 million customers currently enjoying Wise. It’ll only take a few minutes to register and see what’s inside.
Register your Wise account
in minutes 🚀
Please see Terms of Use and product availability for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
Sources:
AliExpress about us
AliExpress buyer protection
Open a Dispute on AliExpress
Sources checked on 4 April 2023
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
If you wish to send very high amounts with Commbank, you may need additional assistance of transfer approvals. Let’s see how large transfers work with this bank
An inheritance can be life changing. Here's a quick guide about Inheritance tax in Australia, how it works, what/when do you pay and what you need to know.
If you wish to send very high amounts with ANZ, you may need additional assistance of transfer approvals. Let’s see how large transfers work with this bank
If you wish to send very high amounts with Westpac, you may need additional assistance of transfer approvals. Let’s see how large transfers work with this bank
Want to know what foreign transaction fees apply to your ANZ credit card before you travel or spend online? Let's take a dive into these and more
Want to know what foreign transaction fees apply to your Commbank credit card before you travel or spend online? Let's take a dive into these and more