Choosing the payment method

The following affect the choice of payment method:

  • confidence between the trading partners
  • competition
  • traditional trade practices
  • willingness to eliminate risks related to the buyer's country
  • local legislation
  • need for financing
  • how rapidly and reliably you can receive the payment

The payment method is chosen and formed so that it satisfies both partners. If you are the seller of the goods, you will probably want to get payment before delivery. Then again, as the buyer you would like to get possession of the goods before you pay them.

The most common methods of payment in foreign trading are:

  • payment order
  • foreign collection
  • documentary credit
Products in focus All products Products in focus

Export documentary credit

Energise your exports

Boost your cash management and reduce risks. Export documentary credits are a commonly used method of payment in international trade.

Standby documentary credit

You can manage the risks related to foreign trading with a standby documentary credit

A standby documentary credit corresponds to a bank guarantee in the form of a documentary credit. A standby documentary credit is a solution for both importers and exporters.

Import documentary credit

Manage the flow of goods with a documentary credit

A documentary credit is an excellent method of payment when the seller requires collateral before manufacturing begins or needs financing for the production.

All products

Export documentary credit

Energise your exports

Boost your cash management and reduce risks. Export documentary credits are a commonly used method of payment in international trade.

Standby documentary credit

You can manage the risks related to foreign trading with a standby documentary credit

A standby documentary credit corresponds to a bank guarantee in the form of a documentary credit. A standby documentary credit is a solution for both importers and exporters.

Import documentary credit

Manage the flow of goods with a documentary credit

A documentary credit is an excellent method of payment when the seller requires collateral before manufacturing begins or needs financing for the production.

Export collection

A method of payment where bank forwards documents.

Use collection when you want your customer to pay the collection amount or accept a draft with a term of payment before delivering the goods.

Import collection

Import collection is a good alternative to an advance payment

You can pay the collection after the goods have been shipped.

Export finance

Offer your customer a buyer credit.

We can finance the term of payment your company has granted to a foreign buyer either by buying your company's endorsable export receivables or by making a financing agreement directly with the buyer.

Neuvoja ulkomaankaupan tueksi

Cargo ship 

Commercial and political risks

Choosing Trade Finance products and using the general International Commercial terms (Incoterms) decreases or eliminates many of the risks related to international trading.

Man looking through magnifying glass 

Valitse oikea maksutapa

Tee kaupankäynnistä joustavampaa valitsemalla oikea maksutapa.