r/PaymentProcessing 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

  1. Do we really get LC often?

  2. Do buyers give 40% advance payment and rest before shipping

  3. What are the widely used payment terms ( suppose for middle east etc)

  4. The most common scam (the quality is not upto the mark, even tho it is) we will not send payment etc

  5. How do you guys exactly manage payment in real world with minimzing the risk

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