Alibaba payment methods

Alibaba is a directory of suppliers, an online platform created to search factories and trading companies in China and other countries around the world. The site has also become one of the largest Chinese financial companies through the Alipay payment system. Due to the huge number of customers, Alibaba offers a wide range of payment methods, from credit cards to PayPal and letter of credit. If the seller does not ship the products within the agreed time or fails to meet all quality requirements, Alibaba Trade Assurance allows the buyer to apply for a refund.

Alibaba payment methods
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T/T payment

Suppose the samples you have received from the supplier meet your expectations, and you plan to place a large order. After signing the contract with the supplier, it is time to transfer the funds. There are several methods of transferring money; one of them is a T/T payment. It is often used when the contractor is from China. What is a T/T payment, and what is the risk of this method?

T/T payment
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