Looking for a less complex payment method? Webster offers you a simpler alternative for your overseas transactions.
- Fast Facts
- Less costly than Letter of Credit
- Documents controlled by banks
- Line of Credit not required
For your regular overseas buyers, you may not always need letters of credit. As a less-complicated, lower-cost alternative, Webster’s comprehensive documentary collection services may be a smart international payment choice for your business.
With our documentary services, both exporters and importers benefit. We facilitate payments to exporters from creditworthy buyers in low-risk countries, while importers enjoy lower expenses.
How Our Documentary Collection Works
Webster forwards your shipping documents to your buyer’s bank overseas which, in turn, releases them to the buyer in exchange for payment or a written acceptance to pay at a specified date.
With documentary collection, your competitive position in bidding for sales is enhanced since the buyer won’t need to use bank credit.
Webster receives shipping documents from your supplier's bank overseas and delivers them to you in exchange for payment or your written commitment to pay at a specified date.
We act as a collection agent and only upon your supplier’s instructions.
For more information on Documentary Collection, please call us at 1-800-482-2220.
All credit facilities are subject to the normal credit approval process.