Payment Methods


 

What is the country's FX?


 

Pesso


   

Cash In Advance

         

Confirmed Letter of Credit

An LC in Mexico is expensive. Local banks charge a commission of 3 to 4% plus additional charges that can go from $10 to $30 dollars per LC depending on the bank.    The National Bank for Foreign Trade (BANCOMEXT) offers LCs to Mexican Importers   should also be on security tab


 
 

Export Finance by US Commercial Bank (USD (dollar) denominated

Is this a financing method vs. a payment method?        


 
 

Import Finance by Mexican Bank (MXN (peso) denominated)

Is this a financing method vs. a payment method?        


 
 

Lines of Credit Available from Mexican Development Banks

         


 
 

Documents Against Payment (D/P) & Documents Against Acceptance (D/A)

         


 
 

           

 www.2016.export.gov

         


 
 

Secured

         


 
 

Open Credit

         


 
 

Electronic bank payments?

         


 
 

Are there any FX restrictions
in the country?

     


 
 

Are there any special payment
regulations that must be followed
for payment processing?