Textile & Garment Trading: Pay Thailand Suppliers Fast
Import fabrics, garments, and textile products from manufacturing hubs Send THB payments to Thailand suppliers with t+0 (2.3s avg within unicorn network). Save 81% vs traditional banks.
Save £2,120 per £100k Payment
Typical savings for Textile & Garment Trading paying Thailand suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Transparent pricing
- ✓ PromptPay available
- ✓ 0.14s automated compliance
At £500k-£5M monthly volume, save £25,440/year
Common Challenges: Textile & Garment Trading in Thailand
Industry Pain Points
- Multi-currency exposure (CNY, INR, BGD, VND)
- High volume, low margin (5-10% margins)
- Fast fashion cycles require quick payments
- Quality disputes holding payments
Country-Specific Considerations
- Bank of Thailand FX regulations
- Thai Customs documentation
- VAT (7%) on imports
- BOI (Board of Investment) incentives for certain sectors
How Unicorn Solves Textile & Garment Trading Payment Challenges in Thailand
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use PromptPay for instant THB settlement.Thailand instant payment system, 50M+ users
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Thailand regulations.Bank of Thailand FX regulations handled automatically.
Textile & Garment Trading Payment Profile
Understanding the payment dynamics of Textile & Garment Trading when paying Thailand suppliers
⏱ Payment Timing
Net 30-60 days after shipment (established suppliers), 30-50% prepayment for large orders (MOQ: 500-1000 units)
📄 Invoice Terms
Net 30-60 for repeat orders, LC for first orders $100k+, 30-50% deposit for MOQ orders, balance on shipment
Fast fashion: Weekly payments to multiple suppliers. Traditional: Seasonal peaks (Spring/Summer Feb-Apr, Fall/Winter Aug-Oct ordering).
📊 FX Risk Profile
EXTREME: Multi-currency exposure (CNY+INR+BDT+VND). 5-10% margins mean 3% FX move wipes out profit. Must hedge all POs.
China (volume, established factories), Bangladesh (price-competitive, MOQ-focused), India (specialty fabrics), Vietnam (growing alternative to China)
Common Documentation for Textile & Garment Trading
- Commercial Invoice (detailed SKU breakdown)
- Packing List (carton-level details)
- Certificate of Origin (GSP/duty preferences)
- Quality Inspection Report (AQL 2.5 standard)
- Ethical Sourcing Certificate (no forced labor)
Popular Thailand Supplier Types for Textile & Garment Trading
Common Thailand Suppliers
- Automotive parts (Bangkok, Rayong)
- Textile manufacturers (Bangkok, Chiang Mai)
- Food processors (Bangkok, Chonburi)
- Electronics assemblers (Ayutthaya)
Payment Tips for Thailand
- Thailand = Automotive hub (Toyota, Honda), food export leader
- PromptPay widely adopted - instant B2B payments
- Bangkok + Eastern Economic Corridor = Manufacturing zones
- Seasonal considerations - monsoon affects logistics
Ready to Pay Thailand Suppliers 81% Cheaper?
Join Textile & Garment Trading businesses saving £2,120 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB