
Securing Funds and Safely Delivering Goods: Pros and Cons of L/C and T/T
International trade presents unique challenges when it comes to securing funds and ensuring timely transactions. Among the many payment options available—such as PayPal, Western Union, and Open Account (O/A)—**Telegraphic Transfer (T/T)** and **Letter of Credit (L/C)** are two of the most widely used methods. These options have distinct features, advantages, and disadvantages, making them better suited for different trade scenarios.
Below is a comparison of T/T and L/C, highlighting the key processes, benefits, and drawbacks of each.




