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International Payment Methods Tutorial

Learn about the most used instruments to collect and pay in international transactions

1. What is this tool?

The International Payment Methods platform is an educational resource promoted by the Chambers of Commerce of Spain. Its objective is to:

  • Explain the main methods of international collection and payment
  • Compare risks, costs, and security between them
  • Provide interactive tools and practical examples
Note: Although its content is educational, it is useful for students, professionals, and SMEs alike.

2. Access to the portal

  1. Visit: mediosdepagointernacional.es
  2. No registration is required
  3. You can browse freely through the thematic sections

3. Types of payment methods

The methods explained include:

  • Bank transfer
  • Bank or personal check
  • Simple and documentary remittance
  • Documentary credit (Letter of credit)
  • Open account

For each one, the definition, process, advantages, disadvantages, and risks are detailed.

4. Interactive tools

  • Payment methods comparator
  • Selection guide according to client type and country
  • Exercises with practical cases and self-assessment
Tip: It is an excellent support tool for preparing exams or planning your collection and payment policy.

5. Practical example

Example: Selecting a collection method for an export to Morocco

  1. Access the payment methods comparator
  2. Select "Medium risk country", "New client", "Medium amount"
  3. Suggested result: Documentary remittance or documentary credit
  4. Consult the graphical process of each one

6. Final recommendations

  • Consult this tool before negotiating collection or payment terms
  • Ideal to include in your internationalization plan or to justify financial decisions
  • Complement with the Access2Markets portal to know documentary requirements by country

Other useful resources

🌐 Access2Markets 🛃 Market Access Map 💳 Coface ⚖️ EUR-Lex 📉 CESCE Country Risk