What are the best payment terms for rattan outdoor ottoman wholesalers?
For rattan outdoor ottoman wholesalers, selecting the best payment terms is crucial to maintaining cash flow and fostering long-term business relationships. Common payment options include Net 30, 50% upfront with 50% upon delivery, and Letter of Credit (LC). Net 30 allows buyers to pay within 30 days after delivery, ideal for trusted partners. The 50/50 split balances risk for both parties, while LC provides security for international transactions. Wholesalers should also consider offering discounts for early payments to incentivize buyers. Evaluating buyer credibility and order size helps determine the most suitable terms, ensuring smooth transactions and sustainable growth in the wholesale furniture market.
