Venezuela - Methods of PaymentVenezuela - Methods of Payment
This is the most common concern for U.S. exporters to Venezuela. Prepayment provides the best protection for U.S. exporters, although Venezuelan buyers may have difficulty pre-paying because of economic uncertainty, inadequate access to credit, and lack of access to dollars through the Venezuelan currency control system. Other methods, such as sight payment, may not provide sufficient legal protection in Venezuela to the exporter unless all parties to the transaction are well known to the exporter.