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.

Lebanon does not restrict currency conversions or foreign fund transfers.  Moreover, foreign exchange controls do not affect trade.  Letters of credit finance approximately 40 percent of Lebanon's international trade, while direct payments account for the remainder.  Credit rating and collections agencies do not currently operate in Lebanon.  International rating agencies, however, do evaluate commercial banks and sovereign Eurobond instruments issued by the Lebanese government.  Mastercard, Visa, and American Express are the primary credit or charge cards used in Lebanon.

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.