Quoting from [rkl]:


What is the safest payment term in business??

A payment term that will protect the BUYER.

L/C, I think many ways are safe for the buyer, but you have to get the agreement from your suppliers. Honesty and trust are most important for both parties!

If you are the buyer, then receiving terms from the seller will be the best.  This would allow the buyer to receive product and inspect prior to paying. 

If this is a new account for each side and the seller will not grant terms, then ask the seller to obtain credit insurance to extend terms.  This will protect the seller and provide the buyer again to receive and inspect. 

If seller will not grant terms, then the next is an L/C with a clause for pre-inspection or final acceptance certificate. 


Hope this helps. 


Quoting from [rkl]:


What is the safest payment term in business??

A payment term that will protect the BUYER.

Guangzhou huacai outdoor appliances Co.,LTD

 Contact Information

 Contact Person’s. MR dafala(Oversea Department manager)

 Address: Room D211, Airport Road 61#, Baiyun District,Guang Zhou province,China 

Telephone:  +86-20-86438756

Mobile: +86- 13632469854         

 Fax: :+86-20-62614280             

Email: treadmill@live.cn

 MSN :  treadmillcn@hotmail.com

 Website    :  www.outthings.

Quoting from [rkl]:

What is the safest payment term in business??

A payment term that will protect the BUYER.

the safest payment be paid through money transfer.

Quoting from [rkl]:


What is the safest payment term in business??

A payment term that will protect the BUYER.

for Buyer, L/C (at sight) is not always safe because buyer still has to pay eventhough the goods delivered incomplied with their spec required (under quality or less shipment). buyer is unable to see their goods before they pay the documents sent thru bank.

the savest terms for buyer are : Open Account or Cash after Delivery, Documentary Collection Agaist Acceptance (D/A) and Usance L/C, but most seller will reject those terms especially if there's no trust and for 1st trading business. seller will choose Cash in Advance, or Sight Confirmed L/C. 

pls contact mail.rahmanhakim@gmail.com for more details.

Quoting from [rkl]:




What is the safest payment term in business??

A payment term that will protect the BUYER.

 Dont worry ,

the safest way with enjoy  too, is to travel see your goods and inspection  and shipp them by yourselve to avoid sellers comission  too due shipping ,then you can  call  to pay by  transfer once you be confident ,

Quoting from [rkl]:


What is the safest payment term in business??

A payment term that will protect the BUYER.

in the process of our business.we use kinds of payment .everymoment we can use different payments...

Quoting from [rkl]:

What is the safest payment term in business??

A payment term that will protect the BUYER.

The safest payment mode is wire transfer and cashier check, because whenever the transactions was made the banks will alert you on your mobile phone about the withdrawal / transfer you made with that you can call the payment back.

Quoting from [rkl]:


What is the safest payment term in business??

A payment term that will protect the BUYER.

western union or moneygram