Discusses the most common methods of payment, such as open account, letter of credit, cash in advance, documentary collections, factoring, etc. Includes credit-rating and collection agencies in this country. Includes primary credit or charge cards used in this country.
Last Published: 3/1/2019

Letters of credit, bank drafts, bills of exchange, money wiring, checks, credit cards, and cash are commonly used to make payment for imports.  Within the country, cash is the most common payment method for local transactions.  Businesses may accept check payments from customers with whom they are familiar.  U.S. exporters new to the Beninese market should request an irrevocable confirmed letter of credit drawn on one of the major banks.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.