You must ensure not only that payment is sent or received, but that it's for the correct amount. It may sound obvious, but international exchange rates can easily complicate a simple transaction. Listed below are four methods of international financial transactions and their implications. Cash Dealing in cash internationally is, to put it simply, a bad idea. Cash is unsecured and if it vanishes en route, it's gone for good.
Cash is also difficult to validate.
There is no way to prove the payment was sent or received. Checks Checks are one of the best methods of dealing with international payments. They are secured, which eliminates the possibility of theft or false claims of non-receipt. They can be easily traced and voided, if necessary. If you are going to be sending and receiving checks, it's crucial to take the foreign exchange rates into consideration.