1. International transactions involve longer distance and more procedures. Longer time is needed in settling an international payment. Different regulations and systems of law that are applied further complicate the payment.

2. To ensure smooth fulfillment of payment, the seller and the buyer should talk about and define the following terms: 1. The instruments by which the payment is to be made; 2. The method of payment; 3. The amount to be paid; 4. The currency in which the payment is to be effected; 5. The time period in which the payment is to be made.