Difference between payment method and settlement method in sales contract

First, the difference between payment method and settlement method.

How to pay the payment method, and agree which payment method is cash, transfer or check;

The method of settlement stipulates the procedures and methods of settlement of payment under what circumstances, that is, receipt and payment, such as settlement and payment within 30 days after delivery acceptance.

Second, the difference between payment method and settlement method.

The main contents of payment methods include: choosing one or more combination payments from commercial bills, bank bills, cashier's checks, remittances, checks, entrusted collection and acceptance.

The main contents of the settlement method include: the place, time and conditions of payment for goods transactions, the conditions for the transfer of ownership of goods, the procedures and methods of settlement vouchers and their transmission, etc.

Third, the difference between payment method and settlement method.

The payment method focuses on which payment method to choose, and the scope of the overview is small; The settlement method focuses on the settlement business, including the transfer conditions of the ownership of goods and monetary funds, the place, time and conditions of payment, the settlement vouchers used and the transfer procedures. The scope is greater than the payment method.

Baidu encyclopedia-payment method

Baidu Encyclopedia-Settlement Method