Burkina Faso - Methods of PaymentBurkina Faso - Methods of Payment
The preferred method of doing business for day-to-day purchases is in cash, in CFA Francs. Most businesses in Ouagadougou and Bobo-Dioulasso do not accept payment cards or personal checks. More and more companies are accepting electronic funds transfer and mobile cash payments (using the mobile phone network). Although there are many companies offering these services, the most popular one is Orange Money.
For larger transactions, a letter of credit may be used. Suppliers may expect 50 percent to 75 percent payment in advance, with the balance due upon delivery.
Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration 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 trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
For larger transactions, a letter of credit may be used. Suppliers may expect 50 percent to 75 percent payment in advance, with the balance due upon delivery.
Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration 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 trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.