UPS Exchange Collect, an electronic payment option for trading internationally, reduces the risk of dealing with new customers and the collection cost associated with slow paying customers. The product provides customers full visibility of goods and funds during each step of the transaction, enabling sellers to receive payment for their goods in 10 days or less - much quicker than the customary 14-90 days.

UPS Exchange Collect reduces the risk for both the exporter and the importer because goods are not delivered until payment has been received by UPS, and the exporter receives payment for the goods only after they are delivered. The customer also benefits because time-consuming bank credit procedures are eliminated, as UPS provides responsibility for both transportation and financial settlement.

The Process:

1. The exporter (seller) and importer (buyer) agree to the purchase and sale terms and specify UPS Exchange Collect for financial settlement.
2. The exporter ships the goods via UPS. UPS notifies the importer via e-mail that the goods are in transit, and that payment must be received before the goods will be delivered.
3. The importer electronically transfers payment for the goods to UPS.
4. After UPS receives payment, it delivers the shipment to the importer.
5. Upon verification of delivery, UPS electronically remits the payment for the goods to the exporter’s designated bank account, and notifies the exporter via e-mail of payment remittance.

UPS Exchange Collect will primarily benefit customers that ship high value shipments containing products within industries like Apparel, Automotive Parts, Computers/Electronics, Medical Devices and Telecommunications.

60 ORIGIN COUNTRIES

Canada

United States

• UPS Public Relations
  404-828-7123