International Payment Methods

In international trade, mainly four payment methods are; used, which are
(i) open account (cash against goods),
(ii) advance payment (prepayment),
(iii) bills for collection (documentary collection), and
(iv) letters of credit (documentary credit).
These payment methods attempt to reconcile the conflicting economic interests of the parties involved in international transactions.

Please read the PDF document given below for more information;

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