TT collection refers to the delivery of invoices and all documents, such as quality inspection list, quantity certificate, certificate of origin, packing list, etc. (original or photocopy/photocopy specified in the contract) shall be provided to the consignee, who shall, after receiving the above documents, wire the money to the client within the specified time (for example, 2 banking working days and working days after receiving the documents).

TT collection notes are:

1. The consignee/payer is reliable and has a good reputation;

2. The consignee has no financial problems recently;

At present, there is no dispute between buyers and sellers;

The invoice should include the details of your receiving account and the clearing bank of the receiving bank. It will be faster to collect money through clearing banks.

In short, be careful.

There is no need to provide information to the bank after receiving the money. After receiving the specific time of the other party's payment, you should call the bank in time to inquire about the payment.

TT collection has a wire transfer fee. Generally, it ranges from ten to dozens of dollars.