Methods of Payment
Cash flow challenges in international trade often start with the wrong payment choice. This practical course covers the five main payment methods, their risks and advantages, so you can protect your business's cash flow and make confident decisions about payment terms that work for your business.
After Attending This Course, You'll Be Able To
- Compare the advantages and risks of the main international payment methods
- Choose payment terms appropriate to different trading relationships
- Understand the documentation required to support international payments
- Recognise what can go wrong and how to reduce risk
- Protect your business's cash flow when trading internationally.
Event Price and Dates
Price
LCCI member: £300.00 + VAT
LCCI Community Participants: £350.00 + VAT
Non-members will be able to book training courses by registering to our free of charge Community Network.
Format
This course is online.
Who Should Attend?
International trade and finance administrators and managers, contract managers and those setting policies for payment terms with suppliers and customers. This is also an excellent refresher for those already working in International Trade and for those going into new territories. Essential learning for accounts, export and sales teams.
This training is delivered in collaboration with LCCI’s Trusted Trainers International Trade Matters as part of the Nationally Accredited Chamber Network.
Find out more about the cancellation terms.
What You'll Learn
- Identification of types of International Payment methods
- Examination of documents required
- Types and levels of security
- What can go wrong?
- Top tips for success every time UCP600/ISBP
- Changes coming in 2027
- Sources of help and advice
This Course Answers Questions Such As
- Which international payment method is safest?
- What are the main methods of payment in international trade?
- How can I reduce payment risk?
- What documents are required for international payment?
- How can payment terms affect cash flow?