How To Receive Payment From a Foreign Buyer (Repatriation Of Funds)
This is one question; I receive a lot from newbies in the business of export. How do I receive payment from a foreign buyer? If that is also the question that runs through your mind - congratulations because we shall be discussing in details how you can receive payment from a foreign buyer in this piece. Quickly, let me divulge to you how you can receive payment from a foreign buyer. There are so many ways by which you can do this; just that some are safer than others. However, I will advise you to stick with the one (payment method) that secure you most as the seller; unless you trust the buyer. Meanwhile, remember people can change anytime. That is why you should make sure your own investment as a seller is secure at all cost - safety first! In a domestic (local) sales transaction, the seller may be used to selling on open account (selling on credit), extending credit, or asking for cash on delivery like Jumia or Konga. It is not like that on international sales transac...