一道商务英语回答问题,Howmanybasicmethodsofpaymentdoyouknow?Whatarethey?

Question

一道商务英语回答问题,
How many basic methods of payment do you know?What are they?

Answer 1

I know two of them.

1 T/T payment in advance
T/T means telegraphic transfer, or simply wire transfer. It's the simplest and easiest payment method to use.

2. Letter of credit
An irrevocable Letter of Credit is also an often used payment method. It is often referred to an L/C. Letters of Credit are formal payment methods that offer a lot of protection to the parties.

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