There are a number of different payment methods that can be used when you deal with us. Three mostly used are T/T payment in advance and L/C.
T/T payment in advance
T/T means telegraphic transfer, or simply wire transfer. It's the simplest and easiest payment method to use.
T/T payment in advance is usually used when the sample and small quantity shipments are transported by air. The reason why is that the documents like air waybill, commercial invoice and packing list will be sent to you along with the shipment by the same plane. As soon as the shipment arrives, you can clear the customs and pick up the goods with the documents. As it's acknowledged, T/T payment in advance presents risk to the importer if the supplier is not an honest one.http://www.sinohost.com/yunnan_pages/mushroom...http://www.binocularschina.com/guide/payment.html
>Payment Terms: T/T in advance or irrevocable L/C
t/t in advance = telegraphic transfer..... also normale ueberweisung
irrevocable l/c = akkreditivhttp://www.wer-weiss-was.de/theme69/article13...
Telegraphic Transfer (T/T)
The telegraphic transfer---cable transfer or wire transfer---is the equivalent of a cash payment that can be credited directly to the seller's account (the name and address of the seller's bank and the seller's bank account number are required by the buyer's bank). It is fast and safe. Unlike a payment by cheque or bank draft, in which the mailing time alone may take several days to few weeks, plus the clearing time of 3 to 4 weeks for a total of about 4 to 6 weeks before the seller may receive the cash, by means of T/T the seller may receive the cash in a few hours or days.
It is important to wait until the T/T has been received before making the shipment, especially when the integrity of the buyer is unknown.http://www.export911.com/e911/export/payment.htm