T/T Payment

T/T Payment
T/T stands for telegraphic transfer, a form of bank transfer. T/T payments are a cheap and fast way of transferring money overseas through most banks. The T/T Bank transfers is one of the simplest forms of international transfers. In traditional international trade, it’s risky for buyers to pay using bank transfers because their money goes into the suppliers’ bank account directly – before they are able to receive their order. For companies with a long running record of trust the T/T is fast and easy.

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