Bank Payments & Business Finance Lawyers


The Africa Import Export team of banking attorneys and finance lawyers advise international buyers, sellers, importers and exporters on the best business finance, credit facilities, bank instruments and export payment terms.

Don’t lose potential business to competitors by overlooking different export payment options which could be attractive to your international buyer. Explore several export payment methods and find the one best suited to your needs for business in Benin, Burkina Faso, Cameroon, Cape Verde, Equatorial Guinea, Gambia, Ghana, Gabon, Guinea Bissau, Guinea Conakry, Ivory Coast, Liberia, Nigeria, Senegal, Sierra Leone and Togo.

Many exporting businesses new to selling products overseas expect or prefer to be paid in full in advance. While there is zero risk of non-payment if you do business this way, you risk losing business by overlooking competitors willing to offer buyers better payment options. Consider more attractive payment methods.


Methods of Bank Payment


To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported by the appropriate payment methods. Because getting paid in full and on time is the ultimate goal for each export sale, an appropriate payment method must be chosen carefully to minimize the payment risk while also accommodating the needs of the buyer.

Banks offer a number of methods of payment for international transactions. During or before contract negotiations, you should consider which method in the figure is mutually desirable for you and your customer.


Key Points


  • International trade presents a spectrum of risk, which causes uncertainty over the timing of payments between the exporter (seller) and importer (foreign buyer).
  • For exporters, any sale is a gift until payment is received.
  • Therefore, exporters want to receive payment as soon as possible, preferably as soon as an order is placed or before the goods are sent to the importer.
  • For importers, any payment is a donation until the goods are received.
  • Therefore, importers want to receive the goods as soon as possible but to delay payment as long as possible, preferably until after the goods are resold to generate enough income to pay the exporter.

Import Export Finance & Bank Payments


African Importers On FacebookWest Africa, with a potential market of over 270 million consumers, offers real business investment and trade development opportunities for exporting companies looking for sales growth and increased market share in the emerging B2C. B2B and B2G markets of West Africa.

Please contact us for a no obligation discussion regarding starting, set up or develop an import export  business or to discuss trade investment opportunities in West Africa.

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