There seems many payment terms in business. While suppliers from China used to be trade as T/T but buyers always want to trade with L/C for it is more secure.( avoid spamming) Is there any terms can accept easily for both parties.
It is T/T for small amount and L/C for huge ones as my personal think.
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Quoting from [rolexknife96]:There seems many payment terms in business. While suppliers from China used to be trade as T/T but buyers always want to trade with L/C for it is more secure.( avoid spamming) Is there any terms can accept easily for both parties.
It is T/T for small amount and L/C for huge ones as my personal think.
Yes, your thought is right. and the most secure way is by LC for both party. but people seldom like to use them unless for huge amount.
But TT is also a good way with a 30% deposit.
Buyer give a deposit, I think it is a small risk for you. but there is really no other way, with this deposit, supplier buy material and start manufacturing, in fact, sometime the deposit the deposit is even not enough for buying the material, and they have to take out money themselves, and they worry the buyer cancel the order too. There is still some buyer give up the deposit and cancel the order.
If you really worry about your money and your goods, you can have a buying agent although paying a little cost to them. and they can take care of your goods and make sure shiping to you in time.
If you need my help to you, I 'd be happy to.
Quoting from [rolexknife96]:There seems many payment terms in business. While suppliers from China used to be trade as T/T but buyers always want to trade with L/C for it is more secure.( avoid spamming) Is there any terms can accept easily for both parties.
It is T/T for small amount and L/C for huge ones as my personal think.
THE ONLY SECURE PAYMENT FOR BUYER AN SUPPLIER IS COD. UPS AN FEDEX WHEN THE GOODS GET TO YOU UPS OR FEDEX GETS THE MONEY AN THAN THE SUPPLIER GETS HIS. THATS THE ONLY WAY TO GO