What are the settlement methods?

The method of settlement refers to the process and way to complete the receipt and payment of funds by certain methods and standards between enterprises or between enterprises and other companies or individuals. They can be divided into two categories: cash settlement and transfer settlement. According to the different settlement addresses, it can be divided into three categories: settlement in the same city, settlement in different places and general settlement. Settlement method is the main organizational form of settlement business and the key component of settlement mechanism.

Bank settlement method

Bank settlement methods include: bank acceptance bills, commercial acceptance bills, cashier's checks, checks, remittances, entrusted collection and cross-regional collection and acceptance settlement methods, which can be divided into bill settlement and payment settlement according to different settlement methods. General settlement refers to the settlement that is more suitable for the same area, but also for different towns and regions, mainly including commercial acceptance bill settlement and entrusted collection settlement, in which commercial acceptance bill settlement can be divided into commercial acceptance bill settlement and bank acceptance bill settlement.