Name: International Payment Methods
Overall Rating: 5.0 out of 5 (4 ratings)
Category: All Learners
Duration: 1.25 hour(s)
Individual Fee: Free

Importers and exporters need a working knowledge of International Payment Methods to successfully conduct business across international borders. In addition to the familiar prepayment and open account, an understanding of documentary payment terms is essential. This workshop will focus on documentary collections and commercial letters of credit but will include some best practices for prepaid and open account transactions, as well as the role of Incoterms in structuring international payments. Active Q & A is encouraged!


This event is intended for U.S. residents only. Please do not register/attend if you are located outside the United States

This Development Activity has not been scheduled.
Illinois SBDC at the College of Lake County
19351 W. Washington St.
Grayslake, IL 60030
United States
Know and Explain: Information you will know, be able to explain, or be able to find.

This workshop will focus on documentary collections and commercial letters of credit but will include some best practices for prepaid and open account transactions, as well as the role of Incoterms in structuring international payments.

SkillPrerequisiteExpected Outcome
Industry and Business Environment1 - BeginnerNot specified
Management of Financial Resources1 - AwareNot specified
Class Costs
Class ValueNo Charge
Individual Fee$0.00
Private Class Fee$0.00
5.0 out of 5 (4 ratings)

Learned some great stuff Tue, Sep 21, 2021
Informative session
Very practical and informative guidance Thu, Aug 26, 2021
Its contents provide me with actual case studies and international payment solutions including best practices.
Great Overview Wed, Aug 25, 2021
Great introduction to International payment methods. Really found the part on structuring international payments very helpful. Thanks for offering.
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