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Mexico

Paying an overseas supplier from Mexico: currency, transfers and safety

How Mexican importers pay overseas instrument suppliers: US dollars, international transfers, letters of credit and how to avoid payment fraud.

1 min read
Paying from Mexico: Currency, transfers and safety - Tata Surgical, surgical instruments for Mexico

Most international suppliers of surgical instruments quote and invoice in US dollars. Mexican importers usually pay by international bank transfer. Understanding the options helps you manage cost, risk and exchange rates.

Currency

  • Most quotes are in US dollars
  • Your bank converts pesos to dollars at the time of payment
  • Exchange rates move, so consider timing or forward contracts for large orders

Payment methods

  • International wire transfer (SWIFT): The most common method
  • Letter of credit: Safer for large orders, but with bank fees and more paperwork
  • Online payment platforms: Sometimes used for samples

Common payment terms

  • Advance payment for samples and first orders
  • Part advance and part before shipping
  • Payment against shipping documents
  • Credit terms for established customers

Protect yourself from fraud

Payment fraud through fake emails is a real risk in international trade.

  • Confirm bank details by phone or video call before your first payment
  • Be suspicious of any email saying the bank account has changed
  • Check the bank account name matches the supplier’s company name

Invoices and taxes

Make sure the commercial invoice matches your order and payment, so your customs broker can clear the goods and you can account for VAT (IVA) correctly.

Paying Tata Surgical

We invoice in US dollars and confirm our bank details directly with every new customer. Contact us to discuss terms.

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  1. 1

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    Share a technical drawing, a photo or a physical sample, with quantity and packaging needs.

  2. 2

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    We quote price and lead time, then make a sample for your approval.

  3. 3

    Production and worldwide shipping

    Forged, finished and inspected in our Sialkot factory, shipped with CE documentation.