Choosing a Reliable Payment System
(Secure Payment Systems).
When it comes to international trade, you cannot simply tell a customer, “Hand over the cash and take the goods!” There are many international payment systems, including L/C (letter of credit), T/T (telegraphic transfer) and open account, each used in particular circumstances. You must know how to use them both to avoid losing your money and to give the customer confidence. But with your financial track record, you probably still get excited at the sight of a 10,000-toman banknote!