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Position: Home > FAQ > About Payment > What is T/T (wire transfer)?

About Payment

What is T/T (wire transfer)?

T/T stands for telegraphic transfer, a form of bank transfer. T/T payments are a cheap and fast way of transferring money overseas through most banks.

Bank transfers (also known as telegraphic transfers or T/T) is one of the simplest forms of international transfers. In traditional international trade, it’s risky for buyers to pay using bank transfers because their money goes into the suppliers’ bank account directly - before they are able to receive their order. However, on AliExpress, you use bank transfers safely by via our Escrow service. With Escrow, your payment is placed into an Escrow account and held securely for you. Payment is only released to the supplier when you confirm satisfactory receipt of your order.