Cedar Money alternative: pay Chinese suppliers from USDT
Cedar Money onboards your business, reviews invoices and pays next day in your company's name. As a Cedar Money alternative, Unigox pays a supplier's bank in China, Hong Kong or Singapore from USDT or USDC after an identity check.
When to stay with Cedar Money
Your suppliers are in Europe, the UK or the US
Cedar pays suppliers in the EU, the UK, the US, Japan, Australia, Canada and other countries, and sends USD to any country not under international sanctions. Unigox Pay suppliers in China pays banks in mainland China, Hong Kong and Singapore only.
Your cargo waits for proof of payment
Cedar pays the supplier the next business day, shows your company's name on the supplier's bank statement, and issues proof that the money is on its way as soon as you pay, so a shipment can be released sooner.
One transfer is 100,000 USD or more
For transfers of that size Cedar's sales team quotes a special rate and helps prepare the documents, with the supplier still paid the next business day.
Cedar Money and Unigox for one supplier payment to China
| Topic | Cedar Money | Unigox |
|---|---|---|
| Who is checked | Your business: registration number, tax ID, formation documents, passports and addresses of the owners, and recent bank statements. | You, the payer: an identity check before the first supplier payment. |
| Where the supplier is paid | Banks in China, Hong Kong, Singapore, the EU, the UK, the US and other countries; USD anywhere not under international sanctions. | A bank account in mainland China in CNY or USD; in Hong Kong or Singapore in USD. |
| Money in | Local currency from your bank account for each transfer, or stablecoins. Partners using its API can fund payouts with crypto sent to a wallet address. | USDT or USDC from your Unigox Wallet or, where your account offers it, local currency, which buys that stablecoin first. |
| Invoice and supplier checks | Every transfer needs an invoice issued to the account holder, under six months old, matching the amount and showing SWIFT and bank details. Each new vendor is approved from a sample invoice. | No invoice upload step for CNY, though the guide says to keep the invoice to hand; the form needs the company name in Chinese characters and the account's +86 mobile number. A USD payment to a mainland NRA or OSA account needs an invoice. |
| Getting a price | Rates after sign-up. Cedar's team reviews each request, then issues a quote; the rate you confirm is the rate you pay, all fees included, with no set-up or subscription fees. | No price list: the review screen shows the "You pay" total and its breakdown before you approve. Bank fees on a USD transfer can cut what the supplier receives. |
| Regulation | Registered with FinCEN in the US and FINTRAC in Canada as a money services business, and with the Bank of Canada as a payment service provider. Cedar says its financial services are carried out by regulated partners. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxMove a China supplier from Cedar Money to Unigox
Pass the identity check as the payer
Cedar approved your business from its company papers and its owners' passports. Unigox asks the person making the payment to verify their identity before the first supplier payment.
Add the supplier from its invoice
Upload the supplier's invoice or bank document to fill in its details. For a CNY account, ask the factory for its name in Chinese characters and the +86 number its bank holds; the SWIFT code Cedar asked for is not on that form.
Approve the total from USDT or USDC
Instead of depositing local currency after a Cedar quote, enter the amount the supplier is owed, check the total, and pay it from your Unigox Wallet or, where your account offers local currency, buy the stablecoin with it first.
Cedar Money fees, registration and alternatives
Is there a Cedar Money alternative for China payments?
Yes: from USDT or USDC in your Unigox Wallet, Unigox pays a supplier's account in mainland China (CNY or USD) or in Hong Kong or Singapore (USD). You pass an identity check and see the total before you approve. Cedar also accepts stablecoins, after business onboarding and an invoice review per transfer.
See Pay suppliers in ChinaWhat is Cedar Money and who uses it?
Cedar is a business payments platform built around Africa: importers pay suppliers in China, Europe and the US from local currency, exporters selling into Africa collect in USD, EUR, GBP and other currencies, and platforms use its API or partner dashboard. Cedar says it moves the money over stablecoins and digital banks rather than the traditional bank route.
Where is Cedar Money registered?
Cedar is registered as a money services business with FinCEN in the US and FINTRAC in Canada, and as a payment service provider with the Bank of Canada; regulated partners carry out its financial services. Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow.
What does Cedar Money charge for a supplier payment?
Cedar has no set-up or subscription fees; its transaction fee sits inside the FX rate, which you see after signing up or in the quote for each request. Transfers of 100,000 USD or more get a rate from its sales team.
Settle a Chinese supplier from your Unigox Wallet
Unigox pays the supplier's bank in mainland China, Hong Kong or Singapore from USDT or USDC, with the total on screen before you approve. Suppliers in Europe and the US can stay on Cedar.
Cedar Money and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.