Payment Completion

Order Payment Completion refers to the buyer having paid the full amount to the seller as stipulated in the contract, and the seller has confirmed receipt of the funds, marking the end of the payment obligation for that order. Use cases include: the buyer notifying the seller to check receipt after a wire transfer, the seller's finance department confirming receipt and arranging shipment, or the bank making payment after document presentation under a letter of credit. Note: distinguish 'payment completion' from 'order completion'—the former only means funds are settled, while the latter also includes production, shipment, receipt, etc.; also clarify currency, amount, fee bearer, and arrival time to avoid insufficient amount due to intermediary bank charges. Unlike 'Advance Payment', payment completion emphasizes full settlement; compared with 'Documents against Payment' (D/P), it does not limit the payment method, only emphasizes the result. In practice, it is often used with 'payment before shipment' terms and is an important milestone for the seller to release goods or arrange production.