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.

Goods and services can be paid for in cash or by using non-cash payment options. The Estonian payments market has advanced a long way over the years and electronic methods are mainly used for payments. More than 99% of payments made through banks are initiated through electronic channels and only 1% use non-electronic options like cash payments, paper-based payment orders or cheques.

Ranking of online payment methods:

1. Credit cards (Visa, MasterCard, American Express)
2. Pay-by-Links (bank transfers initiated through payer's personal internet banking environment (if supported by bank)
3. PayPal
4. SEPA Credit Transfer (regular Bank Transfers)
5. SEPA Direct Debit
6. Others (paysafecard, bitcoin, TransferWise)
Credit Rating Service
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.