Taiwan - Methods of Payment Taiwan - Methods of Payment
AIT’s Commercial Section recommends that U.S. exporters minimize financial risk by requiring their Taiwan trading partners to finance their imports through L/Cs. The vast majority of Taiwan’s importers use L/Cs with a validity of up to 180 days. On the whole, U.S. companies find Taiwan’s trade finance system to be efficient and report no widespread pattern of deferred payment.
Banks authorized to handle foreign exchange may issue L/Cs. As of March 2019, this includes all 37 local banks (and their branch offices), six U.S. banks and their branches, and 23 third-country banks. All banks in Taiwan that are authorized to handle foreign exchange have correspondent relationships with one or more U.S. banks.
For more information about the methods of payment or other trade finance options, please read the Trade Finance Guide available at 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.