Which is the most to the least secure international payment method?


From an importer’s perspective, the international payment methods rank in terms of the most secure to the least secure are: Open account, documents against acceptance, documents against payment advised letter of credit, confirmed letter of credit, and cash in advance.

From an exporter’s perspective, the most commonly used international payment methods rank in terms of the most secure to the least secure are: Cash in advance, confirmed letter of credit, advised letter of credit, documents against payment, documents against acceptance, and open account.

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