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In International trade what does TT or WO payment form means?


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Old 07-12-2008, 03:31 PM
Vito Vito is offline
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Default In International trade what does TT or WO payment form means?

In International trade what does TT or WO payment form means?
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Old 07-12-2008, 04:00 PM
Teresa Teresa is offline
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Default In International trade what does TT or WO payment form means?

In international trade, T/T typically stands for Telegraphic Transfer. Telegraphic transfer is a common payment method that requires the use of cable or telegraph (less in use these days) to remit funds. Money does not move physically. The order to pay is wired to a bank to make payment to a company or individual.

I've never heard of "WO" as a payment method. WO typically stands for "Work Order" as opposed to a "Purchase Order."
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Old 04-18-2009, 03:43 PM
Gossioii4 Gossioii4 is offline
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Angry This is great

This is great! Now I want to see your ways for us readers to become more involved! Expect an email later today.
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Old 03-26-2011, 04:52 AM
johnnycanderson johnnycanderson is offline
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You are correct and When Your bank, money transfer or wire transfer form form or wire transfer form (whatever they call it) for the request. Enter your beneficiary account number, bank nominated, location, address and other important information bank (ie SWIFT code, bank code or IBAN if applicable) such statement. Amount put in and ask for foreign exchange rate (International Transfer if) then the bank teller to support.
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