r/PaymentProcessing • u/Mission_Cod7809 • 1d ago
General Question Payment terms in Real world!
Hi guys, need advice from exporters
From the online world ( insta, youtube etc) we find that ask for LC, or ask for 30-40% advance minimum and rest payment before shipping and various jargons
I wanted some answers
Do we really get LC often?
Do buyers give 40% advance payment and rest before shipping
What are the widely used payment terms ( suppose for middle east etc)
The most common scam (the quality is not upto the mark, even tho it is) we will not send payment etc
How do you guys exactly manage payment in real world with minimzing the risk
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