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The European single market is becoming more harmonized and it is not unreasonable for a reputable importer to expect to pay for his purchases in the same way as he pays for them in the UK, In any case, suppliers in mainland Europe are likely to be willing to offer the same payment terms as UK suppliers so as to be competitive and provided they are confident the importer is trustworthy and reliable.

The open account trading system means that the importer pays the supplier against his invoice. Payment may be cash against invoice0 or within 30 days or for some other credit period. The importer arranges with his bank for the supplier to be pad by the quickest and cheapest route. Clearing banks now offer a number of different payment routes which may vary in speed and cost, and you should decide which route to use after discussions with your bank and supplier. Payment by ordinary cheque may be and expensive and slow way for the supplier and a money transfer system may be in his best interest.