What does L/C and T/T mean?

Hello, I found on Alibaba following supplier payment terms, but i don't know what those mean:

L/C, T/T.

I think you'll find this helpful :)

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Now in regards to electronic wires such as Western Union, we STRONGLY advise against using such methods as you have no recall should their be any issue with the transaction, and you run the risk of losing your money!

Credit card is always the safest way to trade anywhere, but especially China. It gives you the option to file a charge-back where the transaction is not as you expected, and that will get your money back safely.

Short of using a credit card, PayPal is also a good option, but credit card is number 1!

Hi margus555,

Marc's right avoid paying via T/T or telegraphic transfer, which simply means wire transfer. It's one of the easiest way to send your money and lose your money online, unfortunately. You see once you wire your money there' s no way of getting it back. Unlike, with payment methods we consider as safe like credit cards and PayPal, mentioned by fudjj - you can always do a chargeback or file a dispute.

We do have a glossary for terms which you may come across as an online entrepreneur, in case you don't quite know the meaning of a word you may refer to Link hidden: Login to view

Hope this helps. All the best! :)