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Letter of Credit Guide (Alibaba)
https://www.alibaba.com/payment-methods.html
Overview
Alibaba's official guide to using Letters of Credit (L/C) for large-volume China imports. L/Cs provide bank-guaranteed payment to suppliers and shipping document security to buyers.
Best for
Large first-time orders, supplier trust building
Pricing
Bank fees apply
Pros
- Maximum payment security
- Standard for large orders
- Builds supplier trust
Cons
- Bank fees
- Complex documentation
- Slow process