General

This is a payment method based on the importer paying the price of the goods before the export occurs, and the exporter transporting the goods as a result. In this foreign trade payment method, the exporter or organization does not bear any risk. Risks such as whether the goods are delivered on time belong to the importer. It is the second widely used foreign trade payment method in Türkiye's foreign trade.

Cash to goods

The exporter sends the goods to the importer without any payment or issuance of a policy. The cost of the goods shall be paid at a later date determined in the contract payment or after the goods are sold. The risk lies with the exporter. Importers must be well known, trustworthy, or guaranteed by a bank guarantee. The most widely used payment method in Türkiye is cash to commodity foreign trade payment, accounting for 66.5%.

Cash to document

This is the payment method by which the importer pays the cost of the goods based on documents representing the goods. This is a safe method for importer companies as the goods are inspected and received. The priority rate of Türkiye is 11%, which is the third preferred payment method in foreign trade.

letter of credit

A letter of credit is a method of payment that assumes that the bank pays the exporter if the conditions agreed upon from the outset are met. These conditions are typically the submission of documents certifying that the goods have been shipped. The terms of the letter of credit are submitted to the exporter's bank together with a document called a letter of credit. The exporter charges the cost of the goods at the time of shipment by the exporter, satisfies the conditions stipulated in the letter of credit, and submits the documents to the bank.

Offset documents with cash and have acceptance credit

In a foreign trade transaction, if the exporter prepares a document that contains the document and the due date for payment, it is a form of payment that allows the document to be delivered after the importer signs the document. After signing and receiving the documents, the import company will hand them over to the customs management department to collect the goods from the customs.

Acceptance letter of credit

"It is a method of payment in letters of credit opened in accordance with international rules. It allows shipping documents and insurance policies to be issued after acceptance by the importing company's bank or correspondent bank, and payment of fees when the insurance policies expire.".

Cash acceptance credit for goods

In this foreign trade payment method, it is a method based on achieving the insurance policy within the expiration period after the importer receives the exported goods and accepts the insurance policy.

Consignment

Goods imported through consignment are brought to the importing country without payment, just as in the case of open credit imports. After all or part of these imported goods are sold, the price is sent to the exporter.

Payment methods are one of the most important factors in ensuring the reliability and sustainability of trade. Payment methods play an important role in maintaining this reliability through banks, guarantees, and policies. Through these methods, risk is formally shared and documented among actors who have a place in the transaction.