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
Continue reading