It covers payment methods and information on, banking systems, foreign exchange controls, and U.S. and correspondent banking.
Methods of Payment
The preferred method of payment in Jordan is via letters of credit, as it ensures that both parties can guarantee their rights in the shipment. Cash payment through wire transfer is also possible but not recommended unless the buyer and seller have a very solid business relationship.
Visa, MasterCard, and American Express credit cards are widely used and accepted for consumer purchases.
For information on the banking system in Jordan, please refer to the 2021 Investment Climate Statement for details.
Foreign Exchange Controls:
Jordan’s liberal foreign exchange law entitles foreign investors to remit abroad, in a fully convertible foreign currency, foreign capital invested, including all returns, profits, and proceeds arising from the liquidation of investment projects. Non-Jordanian administrative and technical employees are permitted to transfer their salaries and compensation abroad.