Slovakia - Methods of Payment Slovakia Methods of Payment
Since January 1, 2009 interest rates for commercial financing have been derived from interest rates of the European Central Bank (ECB).
There are special credit programs available for small and medium enterprises. The availability of credit for SMEs (small and medium-size enterprises) is based on their credit rating.
Large-scale project financing may be obtained from the multilateral lending institutions such as the European Bank for Reconstruction and Development (EBRD), International Finance Corporation(IFC), or the European Investment Bank (EIB).
Methods of payment are similar to those in the United States and other countries and include payments in advance via Swift, letters of credit, bank guarantees, and open terms.
Primary credit or charge cards include Visa, VisaElectron, MasterCard, Maestro and Diners Club.
For more information about the methods of payment or other trade finance options, please read the Trade Finance Guide available at https://www.export.gov/TradeFinanceGuide. 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.