![]() Thus, exporters who insist on this payment method as their sole manner of doing business may lose to competitors who offer more attractive payment terms. ![]() Foreign buyers are also concerned that the goods may not be sent if payment is made in advance. However, requiring payment in advance is the least attractive option for the buyer, because it creates unfavorable cash flow. With the advancement of the Internet, escrow services are becoming another cash-in-advance option for small export transactions. For international sales, wire transfers and credit cards are the most commonly used cash-in-advance options available to exporters. ![]() With cash-in-advance payment terms, an exporter can avoid credit risk because payment is received before the ownership of the goods is transferred.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |