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: 2/4/2019
  • U.S. exports to Denmark are usually financed by the importer or the importer's bank.  Eximbank's financing is available but rarely, if ever, used.  The most common method of payment for an importer in the early phases of a business relationship is by Irrevocable Letter of Credit opened through a commercial bank.  This is a recognized procedure, well-known and acceptable to Danish banks and importers.  When a business relationship has reached a stage of mutual trust, payment credits are often extended by the exporter for periods varying from 30-90 days.  In some cases, payment by credit card may prove to be the simplest and most effective means of payment.  There are no local credit facilities available specifically to finance imports from the United States or from any other country.

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.