The risk of non-payment can be managed by choosing a low risk payment method, such as:

  • prepayment where you receive some or all of the payment amount upfront
  • documentary credit (or letter of credit) where you receive a conditional guarantee of payment from an overseas bank after you ship your goods.

However, until you have an established relationship with your overseas buyers or have a proven track record in exporting, these payment methods may generally not be available to you.