T/T or L/C, Which do you prefer?
Post 1 of 81
Telegraphic Transfers (T/T) and Letters of Credit (L/C) are the two most common payment methods in international trade; but what are their advantages? Is L/C the best choice for a secure transaction? Is T/T the best for simplicity and speed?
Which payment method do you prefer for your business transactions?
10 Jan 2008 19:08
Post 2 of 81
Replying to [Admin]:I think T/T is better that L/C for us.
21 Jan 2008 21:27
Post 4 of 81
Replying to [Admin]: I think both method got their advantages. If your company don't have a tradeline TT is a good choice. If your company do have then LC is a better choice. When your company have more transaction in a month to transact then TT and LC will come in handy.
22 Jan 2008 02:21
Post 5 of 81
Replying to [Admin]: In L/C our Payment is Secure & in TT when the Buyer want he send to us. If he Promise to make the Payment within 3 days, but always fail in his Promise. In L/C you could not wait for him, when he will send to us
22 Jan 2008 05:38
Post 9 of 81
Replying to [Admin]:
I think T/T is better than L/C
I think T/T is better than L/C
22 Jan 2008 06:11