I have read this forum for a while and keep hearing about all these different transaction types, like L/C, T/T, and D/P. I tried to search for these but only found L/C which seems pretty good. Can someone explain the different types of payments and which one is the safest one? If I want to pay for items but want them to be shipped and then I pay seems like a good idea so thats why I liked the L/C option.

Quoting from [Shadowfox]:


I have read this forum for a while and keep hearing about all these different transaction types, like L/C, T/T, and D/P. I tried to search for these but only found L/C which seems pretty good. Can someone explain the different types of payments and which one is the safest one? If I want to pay for items but want them to be shipped and then I pay seems like a good idea so thats why I liked the L/C option.

Here is another resource for you:

http://resources.alibaba.com/article/44/Popular_payment_methods_in_international_trading.htm

Replying to [Ranger]:
There is one bulletproof (and totally FREE) way to sell your product and get your money.
It's not an advertising but I use Siteheart.com "chat and make a deal" application for this purposes .
You chat with your customer tet-a-tet online, bargain about the price and if he is ready to pay you send him an online bill to pay by Visa or MasterCard (note that you don't need merchant account or payment gateway to process this transaction), he pays the bills (including the transaction fees), you instantly receive confirmation from 3rd party processor and 100% of funds will be transferrred directly to your own pro Visa card within next 15-30 days!
If you customer is a cheater he won't be able to pay. If he is a serious buyer and is afraid of losing his money he will be able to issue a refund and get his money back since payment processing is secured by 3D Verified by Visa technology.
Enjoy!