Bill remittance is a kind of remittance. Although there are banks involved, banks only provide services but do not provide credit. Banks charge lower fees and have lower security. Collection refers to the situation where the exporter entrusts the bank to collect the money on his behalf, and the bank is still not responsible for providing credit, which leads to higher charges. If D/A is selected for collection, the risk is the greatest for the seller. The letter of credit is provided by the bank, and the bank is only responsible for reviewing the documents, not the goods. That is to say, as long as the documents submitted by the seller meet the requirements of the letter of credit, the payment for goods can be obtained. For the seller, the risk is minimal and the bank fee is the highest.
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