what is bank wire transfer?

A bank wire transfer, also known as a bank transfer or simply a wire transfer, is a method...

How do Amazon merchants receive payment?

Amazon offers several options for merchants to receive payments for their sales. The speci...

what is paypal?

PayPal is a popular online payment system that allows individuals and businesses to make e...

What is FOB price?

FOB (Free on Board) price is a term commonly used in international trade to denote the cos...

What is CIF price?

CIF stands for Cost, Insurance, and Freight. It is a trade term used in international ship...

Trade terms: CFR cost plus freight interpretation

The international trade landscape is governed by various regulations and terms that ensure...

What is the mt103 international remittance process?

MT103, also known as a single customer payment, is a message format for sending payment in...

Customs declaration

The customs form refers to the form containing the information of the imported and exporte...

What is an offshore account?

An offshore account, also known as an offshore bank account, is a bank account held in a f...

What is the bank swift code and how to check it?

A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique identification code...