What is the process of international B2B collection?

The basic foreign trade collection process is: after both parties have signed a contract, the seller needs to ship the goods to the buyer and provide the specific information and details about the goods. Then, the buyer need to do the payment acording to the payment method of the contact. The payment method could be wire transfer, credit card, or using third-party first payment platform (such as XTransfer). When the seller confirms receipt of the goods, both parties complete the settlement and file the order.