Payment

3. TT Payment

TT payment stands for Telegraphic Transfer, a form of bank transfer. TT payment is a cheap, fast and widely used way for transferring money internationally.

In tranditional import/export business, its risky for buyers to pay by TT bank transfer because their money goes into suppliers' bank account directly before buyers receive the merchandise.

However, on Fonder.com it is completely safe when buyers use TT bank transfer, your TT payment is held with FonderPay before you confirm satisfactory receipt of your order.

Most of the import/export orders on Fonder are paid through TT (Bank Transfer) due to the big transaction amount.

FonderPay is an independant department within Fonder.com who is handling all payment matters as well as final arbitration for any dispute. Its mission is to build a reputation of security, fairness and efficiency for Fonder.com and its subsidiaries website through payment controlling.