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

Various payment methods are possible in Lithuania.  The most popular of those include wire transfers as pre-payment or after-payment, letters of credit, or payment by credit card.  Checks are not common as a payment method and are rarely accepted.  For more information about the methods of payment or other trade finance options, please read the Trade Finance Guide.

Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration 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 trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.