Chinese steel exporters usually choose payment methods that strike a balance between safety, security and convenience. In order to ensure transaction security in international trade, commonly used payment methods include Letter of Credit (L/C) , Telegraphic Transfer (T/T),Document Collection, Escrow Services, Online Payment Platforms, etc. The choice of payment method depends on factors such as the level of trust between the exporter and the importer, the transaction amount, the nature of the business relationship, and the preferences and requirements of both parties. After becoming a long-term customer and establishing a good trust between the two parties, the choice of payment method will be correspondingly smoother and faster.
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