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: 7/23/2019

The method of payment most used by local importers is by letter of credit, followed closely by wire transfers.  Under the second method a local importer, through his/her bank, transfers payment to the foreign exporter upon notice (proof) of shipment of the merchandise.  This method is preferred by businesses that have established mutual confidence, and involves less administrative costs than a letter of credit.  Other methods of payment are used to a lesser degree.
 
The following are credit-rating firms operating in Paraguay:
Equifax Paraguay
Criterion

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