The Rising Usage of Internet Online Portal Services as Trade Remittance Method : Case of the Small and Medium US Trading Companies
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This paper is an exploratory study to investigate the increasing utilization of remittance payment method in lieu of the letter of credit payment method by small and medium trading companies. Survey results show that the most important reason for the US small trading companies when they choose the remittance method instead of the letter of credit method is the internet online portal service offered by bank. The preference among different payment methods reveals the similar patterns between the US and Korean small companies. The internet online portal service as the most important reason for remittance method has some policy implications for both Korean companies and banks. The internet online portal service provides not only a payment convenience per se compared to the letter of credit but hedge the risks arising from international trade as well.
Abstract
This paper is an exploratory study to investigate the increasing utilization of remittance payment method in lieu of the letter of credit payment method by small and medium trading companies. Survey results show that the most important reason for the US small trading companies when they choose the remittance method instead of the letter of credit method is the internet online portal service offered by bank. The preference among different payment methods reveals the similar patterns between the US and Korean small companies. The internet online portal service as the most important reason for remittance method has some policy implications for both Korean companies and banks. The internet online portal service provides not only a payment convenience per se compared to the letter of credit but hedge the risks arising from international trade as well.
참고문헌 (15)
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