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What does payment terms tt 30 mean?

Updated: 9/18/2023
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13y ago

Best Answer

TT payment is called telegraphic transfer or

wire /swift transfer which is cheap and fastest

legal way of remitting money over seas through

any bank with Forex facility by the way you have

to be careful before you buy any such things

from companies before you should know them well.

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13y ago
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Q: What does payment terms tt 30 mean?
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What the meaning of TT in terms of payment?

A TT payment stands for telegraphic transfer or wire/swift transfer which is the cheapest and fastest. It is a legal way of remitting money overseas through any bank with Forex facility. T/T is just a payment method, but not payment term, so when you discuss the payment term with customers, you must say "T/T+date limit", such as "T/T in advance", "T/T before shipment", "T/T within 15days after shipment", etc. If only "T/T", you might wait a long time for the payments.


What is TT payment?

Telegraphic transfer (TT), as one of the payment method of cash in advance, is a method of transferring funds by telecommunication system such ass telex or cable. The advantage of TT is the fast speed. A payment can be made within two of three banking days. The disadvantage is the relatively high cost. However, sometimes you need a SWIFT No. in your TT transaction. SWIFT ( Society for Worldwide Interbank Financial Telecommunication ) members are able to transfer funds within their own telecommunication network at a much lower cost. This make TT very popular as most international banks are SWIFT members.


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How do you find tt payment is safe aftershipment?

Be honest, TT is not safe.. and the most efficient way is that you find a reliable Buy Agency in that country... then it's done! Good luck.


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Let t mean tall and t mean short if claras mother is Tt and her father is Tt what is the chance that she will be tall?

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What does it mean by buying TT or OD or selling TT or OD in foreign exchange?

TT - telegraphic transfer OD - on demand, i.e. currency notes Buying TT or OD = bank buying from you Selling TT or OD = you buying from bank