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: 8/5/2019

Eswatini importers utilize most of the standard payment methods available in international commerce.  The most commonly used are:

  • Cash in Advance
  • Letters of Credit (LC),
  • Bank Collections and Bills of Exchange
  • Open Account
  • Sales on Consignment
  • International Money Transfers

American exporters should offer quotations based on the f.o.b. value at the port of export.  As a general rule, such quotations should also include a statement of the actual charges for freight and insurance, plus any additional charges, to the port of delivery.  Quotations are usually in terms of the currency of the country of origin.  The terms of payment for imported goods vary according to the type of buyer and the buyer’s access to capital.

Transunion ITC is the largest credit rating agency in the country. In 2018, the central bank introduced Moody’s investor national rating services. The central bank of Eswatini regulates the national payment system of Eswatini. (www.centralbank.org.sz) 
For more information about the methods of payment or other trade finance options, please read the Trade Finance Guide available at www.Export.gov/TradeFinanceGuide.

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.