Payment FAQs:


Q: Is payment the transfer of an item of value from one party to another in exchange for the provision of goods?

A: Yes, and services or both, or to fulfill a legal obligation.

Q: Is payment permitted or accepted?

A: Yes.

Q: Is payment most commonly effected in the local currency of the payee?

A: Yes, unless if the parties agree otherwise.

Q: Are payments frequently preceded by an invoice or bill?

A: Yes.

Q: Is payment indirect and the second one to R) is still direct)?

A: Yes.