About “Japan Trust Pay”
Japan Company Trust Organization (JCTO) receive daily comments from all over the world that overseas buyer were scammed on the internet by seller in Japan and similar cases are increasing rapidly. This Organization has repeatedly issued warnings for the verification of Japanese companies before sending money (NOT after sending money) as fraudster disappear after cheating overseas buyer. Japanese Police Department is very strict against cyber-crime and taking maximum measures to prevent fraud. However, any action after sending money is too late and sometimes meaningless as they fly out of Japan with the stolen money. To avoid risk of fraud, Japan Trust Pay is chosen to enjoy safe trading with Japanese companies.
Japan Trust Pay is a secure payment system operated by JCTO with the cooperation of Japanese Mega-bank, Sumitomo Mitsui Banking Corporation (SMBC). This system ensure buyer to enjoy and secure shopping from Japan without fraud risk. Purchasing anything from Japan through “Japan Trust Pay” will ensure that buyer’s payment will be held until the following steps are completed.
Shipping process has completed.
Ship/Aircraft carrying goods has left Japan.
Bill of Landing (B/L) is issued.
Reconfirm shipping company.
Caution: If buyer does not receive their ordered goods and seller fails to ship goods or does not ship goods within the designated period (agreed by seller and buyer), JCTO will refund full amount to buyer.
How to use “Japan Trust Pay”
Buyer and Seller will send form and copy of proforma invoice to JCTO.
Buyer will make a payment to JCTO.
Please send seller’s invoice value amount + “Japan Trust Pay” service charges (click here for more details) via wire transfer.
Seller will ship ordered goods to buyer.
Please send copy of Bill of Landing (B/L) or Airway Bill (AWB) to JCTO via Email attachment.
JCTO will transfer a payment to seller.
After receiving confirmation from cargo company, funds will be transferred to seller.
*In a bid to provide relief to COVID-19 pandemic badly hit businesses, Japan Company Trust Organization has reduced “Japan Trust Pay” service charges as below:
|Invoice value in Japanese Yen
|Japan Trust Pay service charges in Japanese Yen
|more than JPY 30,000,000
|Please contact us.
※ Service charges are accepted in any currency from below list.
|Hong Kong Dollar
|New Zealand Dollar
|South African Rand
※Payment(s) by L/C (Letter of Credit), Paypal and Credit card are not accepted by Japan Trust Pay.
※Japanese Bank’s international remittance charges will be deducted from the refunded amount.
※In order to comply instruction from Japanese Ministry of Finance’s money laundering policy, full refund will be sent to the same overseas bank account, from where the amount was first received.
※To ensure anti money laundering policy, all payments holding by “Japan Trust Pay” are closely monitoring by Ministry of Finance Japan, and Bank of Japan as well.