What is TT payment in Import Export Business? How Does TT payment work? #import #export #business

What is TT payment in Import Export Business? How Does TT payment work? #import #export #business.

In this video we are going to tell you about payment term TT in Import export business . A telegraphic transfer (TT) is an electronic method of transferring funds utilized primarily for overseas wire transactions. These transfers are used most commonly in reference to Clearing House Automated Payment System (CHAPS) transfers in the U.K. banking system.
How does TT payment work?

Telegraphic transfers work as follows: The sender (“the remitter”) instructs his or her bank to send funds overseas to someone (“the beneficiary”). ... If the beneficiary's accounts are at another bank, the funds are transferred again to that bank, at which point the transaction is complete.

How long does a TT payment take?
The telegraphic transfer processing time is subject to factors such as the banking institutions involved in the process and the countries where the remitter and beneficiary are located. For international telegraphic transfer time, banks often advise two to four business days between the funds being sent and received.

Learn Import Export Business.
Practical Training Program
Join Our Live Offline & Online, Classes

For More Information
Call : [phone]

Playlist :

Stay Connected with us :

export-import bank of Korea

[mahmoodkhanmandokhail]

Assalamulaikum, I just recently start business from Pakistan to UAE, your video help me alot ✌️

[itsdeepuchouhan]

Ser what is dropshiping ? is topic pr ek video banao na ser

[sumitverma]

Sir by air se export kese kare es pr video banaiye

[jayantilal]

Sir TT payment method me inport karate hai to shaf hai advance me payment de sakate hai please sit bataeye

[farzandhusainansari]

Vietnam se import karna hai sir to uske liye cmp par believe kar sakte kiya agr maine payment kar diya hai aur jo item import kabaya bo hai nahi aaya to uske liye kiya karna hoga

[pranavbhatt]

What payment terms for export is best?

[mansoorkochy]

Hi sir, I saw many businesses in the UK and other countries where they remittance from other countries, and then with that money they did TT to china, I am confused about the type of business, what term they used for that business how do they do the business?
Thank you

[sirjanabhatta]

Sir TT kholna KO lagi k k documents chahinxa

[newtech]

Sir tt payment term me bank ki garrenty honti hai

[gulammohammed]

Sir FoB Ki Payment Term Ki Video bana o sir

[navtejbajwa....]

Hlo sir mne tt kraya foreign collage k liye kl hi kraya tha but abhi tk mere account de transfer nhi hoyi money sir m wait kru abh

[thealiofficial]

Sir tt tranfer karne ke lagbhak 10 me aajata hai sir pata kese chale ga ki tt bayer ki bank se transfer ho chuka hai please reply 👍

[nikhilsingh-qpzo]

20% advance at the time of loading 80% tt against documents original...buyer aisa keh raha sir kya karun aap batao????

[saifulhassan]

Sir TT or SWIFT transfer m kya farq hai or dono m se exporter ko kis m fayda hai ??

[allepisode]

Sir me trenigh lena chahata hu Cemal milk export karne ke liye Kya Rajesthan and Gujarat se Cemal milk export hota he Kya sir 250 Cemal he sir please help me 🙏🙏

[AfnanzulfiqarDubai]

Sir mene china sy machine purchase krni hai wo mere sy 100% payment pehly mang rhy hain... But ye kesy sure hoga wo hamy china sy UAE machine deliver kren gy ? Wo fraud b to kr skty hain please advise

[deepanshutyagi]

Sir make video on by air export from delhi.

[naeem]

sir TT me 100% payment hi kr sakte hain 20, 30% payment nahu kr sakte hain ?

[ravithakar]

Sir what is payment insurance in import export ?

[wildlife_earth_documentory]

Sir इसमें पहले पैसा आने के बाद सामान भेजना है ना
अगर बायर पहली बार में tt मैं डील करना चाहे तो सेफ है ना