PrepayWay – The New Paradigm of International Business Contracting

Every day billions of people come into contact with each other through trade relations. Someone sells something, and someone buys it, thus both sides form a global market for trade around the world. Moreover, sellers can be not only individuals, but also large corporate giants, whose income amounts to billions of USD. In fact, it does not matter what the amount of the transaction in question, as there is in this relationship, what unites them. And they are United by a number of problems that arise constantly. Due to the fact that all the participants in the transaction are in contact with each other, various trade agreements are created between them for reporting, where all the conditions for fulfilling the obligations of each party are prescribed. But as practice shows, not everyone acts in good faith, someone did not make an advance payment in time, someone took an advance payment at all, but did not fulfill a number of obligations. As a result, there is a huge number of d...