Detailed explanation of cross-border e-commerce payment and trade terms

The development of cross-border e-commerce is inseparable from an efficient payment system and clear trade terms. This article aims to summarize the payment and trade terms related to cross-border e-commerce and help readers better understand and use these terms.

Terms related to payment time

• payment in advance Advance payment (payment)
• pay on delivery(P.O.D.) Pay on delivery
• payment by installment payment by installment
• at sight Pay at sight
• Payment on terms Periodic payment
• at…days after sight Pay a few days after seeing the ticket
• payment at maturity payment at maturity
• at…days after date Payment is made several days after the ticket is issued
• deferred payment deferred payment
• at…days after B/L Payment is made several days after the bill of lading is issued

Terms related to payment agreement

• payment agreement Payment Agreement
• payment order Payment order
• pay order Pay order
• the bank interest bank interest
• letter of credit(L/C) letter of credit

Terms related to settlement methods

• payment for (in) cash Cash payment, pay in cash
• Documents against payment ( D/P ) Document against payment
• payment by banker Bank payment
• electronic funds transfer(EFT) Electronic funds transfer
• payment by remittance Remittance payment
• cash on delivery(C.O.D.) Cash on delivery
• cash with order(C.W.O.) Pay cash with order
• cash against documents(C.A.D.) Cash against documents
• demand draft( D/D ) draft
• Payment in kind Payment in kind
• mail transfer( M/T) Xinhui
• Document against acceptance (D/A) Document against acceptance
• telegraphic transfer (T/T) Telegraphic transfer

Terms related to payment amount

• payment in part Partial payment
• payment in full All paid

Terms related to payment objects

• pay…Co. only Pay…Co. only
• pay…Co. not negotiable Pay…Co., not negotiable
• pay…Co.or order(pay to the order of…Co.) Pay…the company or its designee
• bank card acquiring service Bank card acquiring service
• payment service provider (PSP) Payment service provider

Terms related to bills of exchange

• clean bill clean bill
• commercial/banker’s bill commercial bill
• documentary bill documentary draft
• banker’s bill Bank draft
• sight bill Sight draft
• commercial acceptance bill Commercial acceptance bill
• time /nuisance bill Usance draft
• bankers’ acceptance bill Banker’s acceptance bill

Invoice related terms

• performer invoice proforma invoice
• recipe invoice receive invoice
• sample invoice Sample invoice
• certified invoice certified invoice
• consignment invoice consignment delivery
• Manufacturer’s invoice Manufacturer’s invoice

Terms related to collection

• clean bill for collection clean bill collection
• collection advice Collection Power of Attorney
• documentary bill for collection documentary bill for collection
• collection bill purchased Collection of export bills
• uniform rules for collection Uniform rules for collection
• trust receipt Trust receipt

Terms related to cross-border e-commerce

• cross-border e-commerce Cross-border e-commerce
• general trade general trade
• overseas purchase Overseas purchase
• cross border e-commerce comprehensive test area Cross border e-commerce comprehensive test area
• bonded warehouse Bonded warehouse
• personal postal articles tax personal postal articles tax
• national inspection national inspection
• customs inspection customs inspection
• commodity inspection commodity inspection
• smuggled goods parallel imports
• SKU(Stock Keeping Unit) Stock Keeping Unit
• KYC(Know Your Customer) KYC Policy
• UPC (Universal Production Code) Product Universal Barcode
• barter trade barter trade
• bilateral trade Bilateral trade
• triangle trade Triangle trade
• multilateral trade Multilateral trade
• issuing bank/issuer Issuing bank