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Classification of foreign trade settlement methods
Foreign trade settlement, or collection, as the name implies, is foreign trade collection, which can be simply divided into two categories.

1, online payment, you can directly complete the payment online, which is fast and convenient. The third-party payment company guarantees that it can refuse to pay, and the interests of consumers are guaranteed. On the other hand, the relative risk has increased, mainly by a small amount. Mainly used for online earning, foreign trade retail and small collection.

① Electronic accounts: the main payment methods are electronic accounts to electronic accounts (similar to Alipay and Alipay transactions, both parties need to register and own accounts), mainly including Paypal, MoneyBookers, Ap, Google checkout, LR, etc.

② International credit card payment: Third-party credit card payment companies provide payment channels to achieve the purpose of collection, which is a payment gateway-to-payment gateway mode (similar to online banking payment), mainly including ChronoPay, IPS, PayEase, 95epay, ECPSS)Gspay, online banking, Motopay, 2checkout, etc.

2. Bank remittance mode, mainly through bank transfer and remittance company. Convenient for large payment, safe, not suitable for small collection, high cost. Once the funds are issued, they cannot be recovered and there is no protection for consumers. Mainly used for wholesale foreign trade collection. There are mainly telegraphic transfer (), letter of credit (L/C), Western Union (Wu, International Express Remittance Company), MoneyMoney (MG, Global Express Remittance Service) and so on.