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TT payment is called telegraphic transfer or

wire /swift transfer which is cheap and fastest

legal way of remitting money over seas through

any bank with Forex facility by the way you have

to be careful before you buy any such things

from companies before you should know them well.

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What is LC DA DP TT payment options?

LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer


What the meaning of TT in terms of payment?

A TT payment stands for telegraphic transfer or wire/swift transfer which is the cheapest and fastest. It is a legal way of remitting money overseas through any bank with Forex facility. T/T is just a payment method, but not payment term, so when you discuss the payment term with customers, you must say "T/T+date limit", such as "T/T in advance", "T/T before shipment", "T/T within 15days after shipment", etc. If only "T/T", you might wait a long time for the payments.


When making a TT and L payment at the bank who should the check be made payable too?

To the bank


How do you find tt payment is safe aftershipment?

Be honest, TT is not safe.. and the most efficient way is that you find a reliable Buy Agency in that country... then it's done! Good luck.


What payment term is better for supplier TT60days or OA 60days or 60day LC?

The best payment term depends on your business relationship and cash flow needs. TT (Telegraphic Transfer) 60 days may provide quicker access to funds for suppliers but requires upfront payment. OA (Open Account) 60 days allows for payment after goods are received, which can be advantageous for cash flow but carries more risk for suppliers. A 60-day LC (Letter of Credit) offers security for both parties, ensuring payment upon meeting agreed terms, making it a balanced option if both parties are comfortable with it.

Related Questions

What does tt prior to shipment mean in payment terms?

"TT prior to shipment" refers to a payment term where the buyer is required to make a telegraphic transfer (TT) of funds to the seller before the shipment of goods occurs. This means that the seller expects to receive full payment in advance, ensuring that they have been compensated before the products are dispatched. This term is commonly used in international trade to mitigate the risk of non-payment.


What does tt mean in shipping terms?

Telegraphic Transfer.


DP payment against receipt of document?

wht is DP payment...if any company issue DP payment to me is safe or not it is like Tt payment? how the diferrent Tt payment & DP payment? Hope your can rely it


What is LC DA DP TT payment options?

LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer


TT 30 pistol made by china?

No, the TT 30/ TT 33 is made by the Russians at around WW2


What is meant by payment term TT?

Payment term TT stands for Telegraphic Transfer, which is a method of payment where funds are transferred electronically from one bank account to another. TT payments are commonly used in international trade transactions as a secure and quick way to exchange funds.


What the meaning of TT in terms of payment?

A TT payment stands for telegraphic transfer or wire/swift transfer which is the cheapest and fastest. It is a legal way of remitting money overseas through any bank with Forex facility. T/T is just a payment method, but not payment term, so when you discuss the payment term with customers, you must say "T/T+date limit", such as "T/T in advance", "T/T before shipment", "T/T within 15days after shipment", etc. If only "T/T", you might wait a long time for the payments.


What is TT payment?

Telegraphic transfer (TT), as one of the payment method of cash in advance, is a method of transferring funds by telecommunication system such ass telex or cable. The advantage of TT is the fast speed. A payment can be made within two of three banking days. The disadvantage is the relatively high cost. However, sometimes you need a SWIFT No. in your TT transaction. SWIFT ( Society for Worldwide Interbank Financial Telecommunication ) members are able to transfer funds within their own telecommunication network at a much lower cost. This make TT very popular as most international banks are SWIFT members.


When making a TT and L payment at the bank who should the check be made payable too?

To the bank


How do you find tt payment is safe aftershipment?

Be honest, TT is not safe.. and the most efficient way is that you find a reliable Buy Agency in that country... then it's done! Good luck.


What does y tt de donde ere mi amor mean in englshis?

"tt" is not a word, and the rest is spelled wrong, but it means: "and tt where are you from my love"


Let t mean tall and t mean short if claras mother is Tt and her father is Tt what is the chance that she will be tall?

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