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.

About 75 percent of Kosovo importers regularly receive goods under short-term supplier credits.  Longer term financing may be sought for larger purchases, but may be difficult to obtain.  For payments abroad, remittances, documentary collections, checks, and letters of credit are used in Kosovo.  No credit rating agencies currently operate in Kosovo.  Kosovo obtained a SWIFT code in 2013 and the IBAN format for bank accounts in 2014.
 

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.