I. Telegraphic Transfer (T/T)
This method enables cross-border fund transfer through the banking system. Customers directly remit funds to our account. Most countries support online banking transfers, while some require counter service.
1. 100% Advance Payment: Applicable for small orders (ranging from a few hundred to a few thousand US dollars)
2. 30% + Installment Payment for Balance (payment upon good goods, upon presentation of the bill of lading, or before shipment)
II. Letter of Credit (L/C)
Based on the customer's application, a payment commitment is issued and payment is made against documents that meet the requirements. This is a bank credit guarantee.
Immediate Letter of Credit: Payment is made immediately upon submission of documents.
Deferred Letter of Credit: Payment is scheduled for a later date (30 days).
III. Other Supplementary Methods
Document against Payment (D/P)
The buyer receives the shipping documents after making the payment.
Based on inter-governmental agreements, regular settlements are made through the clearing account.
IV. Third-party Payment
Payment methods such as PayPal and Alibaba, which adopt electronic account models, support small-value and frequent transactions.