Friday Afternoon Emails Get the Highest Open Rates

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.

T/T and L/C each have their place. T/T is simpler with lower fees — ideal for repeat clients. L/C is more secure but complex — suitable for large orders. My rule: T/T under $500K, L/C above.

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.