Timely payment is essential for your business, and the risks of late, or even non payment can sometimes be greater when doing business internationally.
It is important that you use proper credit control procedures when doing business anywhere. Doing business abroad involves additional risks and the cost of taking legal action when things go wrong.
Ensuring you get paid for overseas sales is a combination of assessing risk, settling on acceptable payment terms and methods and considering insurance to protect yourself against problems.
This guide covers how you can research overseas customers' and markets' creditworthiness and managing your overseas customers' payment performance.
The below video tutorial from Invest NI covers getting paid in export markets.