Picking payment terms for international transactions

10/28/2013 | SCORE Small Business Success Blog

If you want to do business overseas, you'll need to select terms of payment that work for your company, writes Jennifer Shin, founder of 8 Path Solutions. When selecting an option, it's important to offer attractive terms for buyers. But keep in mind the rule of thumb that "less risk for the buyer means more risk to the seller and vice-versa," she writes.

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