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STEP 19: GETTING PAID
You are here: Step 19: Getting paid > Payment methods > Introduction  
Payment methods

Introduction

There are generally four main payment methods when doing business across international borders. These are:

  1. Payments in advance
  2. Open account
  3. Documentary collections
  4. Documentary credits
  • You may also want to learn more about payment terms by clicking here.

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    Step 19: more information

    Step 19: Getting paid
          arrowPayment methods
                .Payments in advance
                .Open account
                .Documentary collections       
                .Documentary credits       
          Payment terms

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    More information on Step 19
    Learning to export... The export process in 21 easy steps
    Step 1: Considering exporting
    Step 2:Current business viability
    Step 3:Export readiness
    Step 4:Broad mission statement and initial budget
    Step 5:Confirming management's commitment to exports
    Step 6: Undertaking an initial SWOT analysis of the firm
    Step 7:Selecting and researching potential countries abroad
    Step 8: Preparing and implementing your export plan
    Step 9: Obtaining financing for your exports
    Step 10: Managing your export risk
    Step 11: Promoting the firm and its products abroad
    Step 12: Negotiating and quoting in exports
    Step 13: Revising your export costings and price
    Step 14: Obtaining the export order
    Step 15: Producing the goods
    Step 16: Handling the export logistics
    Step 17: Export documentation
    Step 18: Providing follow-up support
    Step 19: Getting paid
    Step 20: Reviewing and improving the export process
    Step 21: Export Management
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