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: 11/2/2017
Payment methods and terms will vary depending on the type of business model and relationship between companies.  As a rule, companies start their business relations with advance payment for deliveries.  Once trust has been built and a positive record of payment established, suppliers may consider extending short- or eventually longer-term credit to bolster sales.

Few companies in Moldova can afford payments on large transactions and therefore credit arrangements will be needed for big projects.   Moldovan banks also use a wide range of letters of credit, which provide greater protection to suppliers against payment delays.

Moldovan commercial banks are members of SWIFT (Society for Worldwide Inter-bank Financial Telecommunications).

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.