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Payment Introduction of payment Payment is an important issue in international business. A company cannot keep running well without getting payments for its products or service. Four payment methods: 1.Open account：It is based on relations of trust and it saves the cost of going through various middlemen, e.g. banks. 2.Prepaid:The importer pays for the goods before receiving them. 3.Documentary collection 4.Letter of credit (L/C) Documentary collection: It is one of the most common forms of international trade payment based on the use of a bill of exchange. 1.Documents against payment (D/P)付