Currency fluctuation impacts your margin. An order from quote to payment can take 2-3 months. A 5% rate move can eliminate your profit. Hedge with forward contracts or include fluctuation clauses.
Cross-border payment options have expanded. T/T remains most common. L/C dominates large deals. New platforms like PingPong offer lower fees and faster settlement. Consider fees, speed, and client preference.
Late payment collection is stressful. My process: reminder 7 days before due, formal notice 7 days after overdue, suspend cooperation at 30 days, professional collection at 60 days. Act promptly but professionally.
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