Means of payment in Taiwan

Collection

Exports to Taiwan

  • Documentary Credit:
    gives the seller the security of collecting payment prior to shipping the goods. Option for financing the Taiwanese payer (importer). In transactions taking place for the first time in Taiwan it is advisable to start working with LCs.
  • Collections:
    collection management of trade documents with the purchaser by a bank in Taiwan, Usually with sight drafts or payment.
  • Guarantees for advance payment:
    performance bonds, deposits and also for regular operations or for capital goods.

Payment

Imports from Taiwan

  • Documentary Credit:
    bank commitment to pay on condition that the documents accrediting the export are submitted.
  • Import remittance:
    collection management of trade documents with the purchaser by the Spanish bank.
  • Guarantees.
  • Simple transfer:
    common payment and collection method.
  • Forfaiting:
    discounting promissory notes or export LCs without recourse.