Means of payment at the Dominican Republic

Collection

Exports to the Dominican Republic:

  • Documentary credit:
    Gives the seller a guarantee of collecting payment before shipping the goods. This is the safest collection method.
  • Collection:
    Collection management of trade documents with the purchaser by a bank in the Dominican Republic.
  • Transfer.

Payment

Imports from the Dominican Republic:

  • Documentary credit:
    Bank commitment to pay conditional on submitting documents accrediting the export.
  • Collections:
    Collection management of trade documents.
  • Simple transfer:
    Common payment and collection method