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Thread: International wire transfers

  1. #11
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    Have you looked into Letters of Credit - LOCs?

    Pretty common among companies that regularly export and import stuff.

  2. #12

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    Letters of Credit are used if you are going to extend terms to international clients. I don't do that much international business, but some here and there. Countries like Indonesia or Nigeria expect to be required to pay in advance. We used letters of credit when I was selling internationally in my last career.

    In any case, 17k appeared in my bank account today. That covers my costs on the order so it looks legit. So at this point I either break even or make 6 or 7k on this one. Could be a nice end to a lousy month. Not from a place you would expect it either.

  3. #13

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    Congratulations, Bill.

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