Types of Payments/Summary

Unit 4.6-Types of Payments

Introduction | Types | Negotiation | Summary | Resources | Activities | Assessment Go to Unit 4.1 | Unit 4.2 | Unit 4.3 | Unit 4.4 | Unit 4.5 | Unit 4.6 | Unit 4.7 | Unit 4.8 | Unit 4.9 Return to International Finance Module 4: Payment Methods

Summary

Having completed this lesson, you should now understand the types of payments available for use in international transactions. Once agreed upon, the type of payment should be clearly stated to the customer to avoid confusion as most of the payment types work with many of the methods of payment. Clarifying this before the transaction is completed will allow for timely payment and may help both the buyer and seller avoid unnecessary banking costs.

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