What Is a Payment Schedule?
The payment method is the settlement method agreed by the import and export parties in international trade. Can be divided into two categories: (1) cash settlement methods. That is, the payment method of settlement of creditor's rights and debts by spot remittance through international bank exchange. By credit, there are remittance and collection settlements belonging to commercial credit, collectively referred to as "undocumented payment methods", and settlement methods such as letters of credit, purchase certificates, and bank guarantees that belong to bank credit, collectively referred to as "documented payment methods"; According to the time of payment, there are three types: "prepayment", "pay as soon as possible" and "deferred payment"; if they are divided according to payment basis, there are "cash on delivery" and "voucher payment" methods, in which "payment by voucher" is used. This method is used the most. (2) Accounting and settlement methods. Based on the "Trade and Payment Agreement" between the governments of the two countries, each opened a clearing account in the name of their respective governments at the central bank or its designated bank in the other country. In the process of implementing the agreement, the foreign trade company responsible for the import of the agreed items will pay the payment to the domestic clearing bank and credit the exporter's national clearing bank account. At the same time, after the foreign trade company undertaking the export under the agreement withdraws the payment from the domestic clearing bank, the domestic clearing bank debits the importer's national clearing account. The characteristics of this settlement method are: The settlement of the payment between the foreign trade company of the importer and the exporter and the domestic clearing bank still settles the creditor's rights and debts on the spot exchange, but the clearing banks of both parties will always record the import and export payment under the agreement For settlement, weekly transactions do not require the use of spot exchange to settle one by one. Instead, the settlement period (usually one year) before the settlement of the agreement will be settled once. In accordance with international practice, the use of bookkeeping and settlement methods requires a currency to be agreed upon as the clearing currency for pricing, valuation, and bookkeeping. [1]
payment method
- The payment method is the settlement method agreed by the import and export parties in international trade. Can be divided into two categories: (1) cash settlement methods. That is, the payment method of settlement of creditor's rights and debts by spot remittance through international bank exchange. By credit, there are remittance and collection settlements belonging to commercial credit, collectively referred to as "undocumented payment methods", and settlement methods such as letters of credit, purchase certificates, and bank guarantees that belong to bank credit, collectively referred to as "documented payment methods"; According to the time of payment, there are three types: "prepayment", "pay as soon as possible" and "deferred payment"; if they are divided according to payment basis, there are "cash on delivery" and "voucher payment" methods, in which "payment by voucher" is used. This method is used the most. (2) Accounting and settlement methods. Based on the "Trade and Payment Agreement" between the governments of the two countries, each opened a clearing account in the name of their respective governments at the central bank or its designated bank in the other country. In the process of implementing the agreement, the foreign trade company responsible for the import of the agreed items will pay the payment to the domestic clearing bank and credit the exporter's national clearing bank account. At the same time, after the foreign trade company undertaking the export under the agreement withdraws the payment from the domestic clearing bank, the domestic clearing bank debits the importer's national clearing account. The characteristics of this settlement method are: The settlement of the payment between the foreign trade company of the importer and the exporter and the domestic clearing bank still settles the creditor's rights and debts on the spot exchange, but the clearing banks of both parties will always record the import and export payment under the agreement For settlement, weekly transactions do not require the use of spot exchange to settle one by one. Instead, the settlement period (usually one year) before the settlement of the agreement will be settled once. In accordance with international practice, the use of bookkeeping and settlement methods requires a currency to be agreed upon as the clearing currency for pricing, valuation, and bookkeeping. [1]
- Cash on delivery, credit card payment, online payment, PayPal payment, bank wire transfer and postal transfer
Payment method: cash on delivery
- Courier payment is delivered in cash at no additional charge.
- After selecting the correct province, city, district / county according to the consignee address, the system will prompt you to choose the delivery method and related delivery information.
Payment method Credit card payment
- Credit card payment is a method for customers to voluntarily use their credit cards to instantly pay each other's accounts through the network. After the payment is successful, the payment will be immediately entered into the account provided by the merchant. Credit card payment methods are more flexible, with a wider range of use, and are developed in Europe and the United States. The number of people in the country is particularly high.
- There are several ways to complete the payment with a credit card. The first is similar to direct bank transfer, which remits the money directly from the credit card to the bank account provided by the other party. This method requires a credit card bank debit card to transfer money in China. The amount and rate are relatively high, and the efficiency and security are not high. Generally, this method is relatively rare; the second is to complete payment through credit card payment channels. Currently, there are many third-party payment companies in China that have credit card channels. The method is to transfer the payment to the account of the third-party payment company, and then the third-party payment company will remit the payment to the designated account. This method is a more mature payment method. Small, this method is mainly used in foreign trade; credit card payment methods can also be used in combination with other payment methods, such as combined with electronic accounts, so I won't say much here.
Payment method online payment
- (2) What is "One Netcom Payment"? How to operate a Netcom payment?
- One Netcom Online Payment is an online instant payment service provided by China Merchants Bank. Support 22 bank debit card, credit card, credit card online payment functions such as China, Agriculture, Industrial, Construction, Bank of Communications, CITIC, Shenzhen, China Everbright, Guangfa, etc., real-time account arrival.
PayPal Payment method PayPal payment
- Pay overseas with PayPal
Payment method: Online banking payment
- Online banking online payment: The online mall uses the China UnionPay payment platform, and each bank operates the online payment requirements.
Payment method: electronic payment
- Electronic payment refers to the use of secure electronic means between consumers, merchants, and financial institutions to securely transmit payment information to banks or corresponding processing institutions through an information network for the purpose of implementing monetary payments or fund transfers.
- In the 1990s, the Internet quickly became popular, gradually moving from universities and research institutions to businesses and families. Its function also evolved from information sharing to a popular means of information dissemination, and business and trade activities gradually entered this kingdom. Through the use of the Internet, costs have been reduced and more business opportunities have been created. The development of e-commerce technology has gradually made it the biggest hotspot for Internet applications. In order to adapt to the market trend of e-commerce, electronic payment has developed.