Additionally, Bulgaria's economy is still very cash oriented. Very few individuals or companies have credit cards or debit cards and almost no merchants accept them. However, several of Bulgaria's major banks are now starting to market and issue bankcards and debit cards with VISA or MasterCard logos. Expansion of debit card issuance will greatly enhance Bulgarian customers' ability to make purchases over the Internet. The normal practice is that most Internet users in Bulgaria pay an advance deposit of 70 percent to 100 percent of their expected bill, either monthly or quarterly.
Most consumers pay in cash, while companies usually pay by bank transfer.
As in the case of Internet telephony and Internet shopping in Bulgaria, U.S. companies may need to investigate the use of prepaid cards with PIN codes or use of a Bulgarian intermediary that can collect payments from Bulgarian end-users for goods or services ordered over the Internet. Value Added Telecom Market -2001 Factbook.net 4. Mr. Bojidar Sokolov Head of Information Technologies 8, Totleben Blvd. NET Mr. Theodore Zahov President 1, Universiada Blvd.