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(Picture credit Shutterstock)Robust mechanisms for smooth and reliable acceptance of payments have always been a must-have for sustainable international trade. Businesses must ensure that their payment mechanisms will remain effective, efficient and secure in the post-Brexit world.
PAYMENT MECHANISMS LINKS
UK Export Finance is the trading name of the UK Government’s Export Credits Guarantee Scheme. It provides a great deal of both advice and practical financial support for businesses exporting from the UK.
https://www.gov.uk/government/organisations/uk-export-finance
Direct Lending Facility
www.gov.uk/guidance/direct-lending-scheme
Bond Support Scheme
www.gov.uk/guidance/bond-support-scheme-overview-and-how-to-apply
Bond Insurance Policy
www.gov.uk/guidance/bond-insurance-policy
Export Refinancing Facility
www.gov.uk/guidance/export-refinancing-facility
Letter of Credit Guarantee Scheme
www.gov.uk/guidance/letter-of-credit-guarantee-scheme-overview-and-how-to-apply
The Institute of Export & International Trade provides advice on payments for international trade.
Getting paid online
www.export.org.uk/news/351462/Getting-paid-online.htm
Methods of payment
www.export.org.uk/page/Methods_of_Payment
Open to Export gives advice on a number of aspects of payment for international businesses.
Invoice discounting and factoring – what you need to know
opentoexport.com/article/invoice-discounting-factoring-need-know/
Letters of Credit explained
opentoexport.com/article/letters-of-credit-explained/
Getting paid in international trade
opentoexport.com/article/video-getting-paid-in-international-trade/
Getting paid: what you need to know
opentoexport.com/article/getting-paid-what-you-need-to-know/
