Securing Global Transactions: Choosing the Best Payment Method
Speakers:
Dhriti Mukherjee Pipil, Researcher, Indian Institute of Foreign trade
Moderator:
Ron Nolasco, Global Outreach Manager, International Trade Council
Global trade involves multiple risks, and choosing the right payment method is crucial for secure and efficient transactions. This webinar, “Payment Methods in Foreign Transactions,” is designed for exporters, importers, trade finance professionals, and businesses engaged in cross-border trade. The session will provide a comprehensive overview of various international payment methods, including advance payment, open accounts, documentary collections, and letters of credit. Participants will gain insights into the advantages and challenges of each method, along with strategies to mitigate risks such as payment delays, currency fluctuations, and non-payment by buyers. Through real-world examples and practical guidance, attendees will learn how to select the most suitable payment method based on transaction value, trade relationships, and country-specific regulations. By the end of the webinar, participants will be better equipped to negotiate payment terms effectively, safeguard their financial interests, and ensure smoother trade operations. This session is ideal for professionals seeking to enhance their understanding of trade finance and risk management in global transactions.
