D-2- Payment tools

Payment processing is one of the main preoccupations of companies with international transactions. Doing business is important, but compensation is essential. Esandis offers you free training space dedicated to international transactions, and all the skills you need to become an export or import manager.

Our objective is to provide you an understanding of the importance of the payment component of an international transaction.

2-1- Payment tools and payment techniques

We can therefore split the payment of an international transaction into two co-dependant components: "the payment techniques" and "payment tools."

Payment tools can be used alone, in contrast with payment techniques. Both are the materialization of the payment. They are many, and they vary in forms, either computerized or on paper. The Swift transfer is an example.

2-2- Payment tools : advantages and disadvantages

We will mention here all the advantages and disadvantages of each of these tools and we will guide to the right choice.

The payment tools are numerous, and can include: