In general terms, collection refers to the perception or collection of something, usually money, for the purchase or payment for the use of a service.
The collection practice can be carried out by a person on behalf of the company that provides the service in question, or failing that from which a product has been purchased, or be exercised by a bank, which it is popularly known as bank collection.
In the first case, the person in charge of carrying out the collection is called the collector and once identified with the clothing of the company or with an official credential issued by the company he represents, he performs what is called a tour of those places previously assigned in which the payment will be made, either in cash, through a check or in the form of payment that was established when the agreement was made.
For its part, bank collection It is the service that a bank provides to its clients and correspondents, to process, according to instructions, the collection or acceptance of financial or commercial documents.
The main benefit of bank collection is that, on the one hand, it will allow the exporter not to lose control of those goods that have already been shipped and are ready to meet their new owners and, on the other, it allows the importer to know in a timely manner when they will be shipped. produces the arrival of the goods. Then, the bank will act as custodian of the goods until the payment is made and they can be delivered to whom it may concern.
In addition, to this type of collection, banks also charge their customers and users payments for services, checks, among other issues.
