Vietnam is a vibrant country where cash remains king, but digital payment methods are rapidly gaining ground. Whether you’re booking hotels, dining out, or shopping at local markets, knowing your payment options can save you time and hassle. Here’s a comprehensive guide to help travelers navigate payments in Vietnam:
1. Credit/Debit Card Payments via POS Machines
Many hotels, upscale restaurants, and shops in major cities accept international credit and debit cards through POS terminals. However, be aware that:
- Banks may charge transaction fees, sometimes exceeding 4%.
- Smaller businesses and rural areas often lack card payment facilities.
- Always check with your bank about foreign transaction fees before traveling.
2. Cash (Vietnamese Dong, USD, EUR)
Cash remains the most widely accepted payment method in Vietnam. Key points:
- Vietnamese Dong (VND) is the preferred currency for most daily transactions.
- ATMs are widely available, but withdrawing cash with foreign cards may incur fees.
- Some tourist areas accept USD or EUR, but exchange rates are usually less favorable than paying in VND.
- It’s wise to carry some cash for small vendors, taxis, and places without card facilities.
3. International Transfer Apps (Wise, Remitly, etc.)
Apps like Wise and Remitly are excellent for sending money internationally to Vietnamese bank accounts. They offer:
- Competitive exchange rates and lower fees compared to traditional banks.
- Convenient fund transfers before or during your trip.
- However, these apps are generally not used for direct payments at shops or restaurants.
4. PayPal
While PayPal is accepted by a limited number of businesses, it is not common in Vietnam due to:
- High transaction fees.
- Unfavorable exchange rates.
- Mostly used for online bookings of tours or services before arrival.
5. Credit Card Payment Links
Some hotels and travel agencies provide secure online payment links. This method:
- Functions like a card swipe but is done remotely.
- Usually incurs processing fees similar to POS transactions (around 3–4%).
- Offers a convenient way to pay in advance or settle bills without physical cards.
6. Moreta Pay – The New QR Code Payment Solution
Vietnam has embraced QR code payments extensively, and Moreta Pay is a user-friendly app that allows foreign visitors to join this trend easily. Features include:
- Scan a merchant’s or individual’s QR code to pay instantly, just like a local bank transfer.
- Link your credit card, Wise account, or other international payment sources.
- Accepted almost everywhere—from cafes and taxis to street vendors and markets.
- Lower fees compared to PayPal or credit card swipes.
- Highly recommended for convenience and safety.
Final Tips for Travelers:
- Always carry some cash for small purchases and places without internet access.
- Use Moreta Pay or credit cards for larger payments and convenience.
- Check fees and exchange rates before using any payment method.
- Keep your payment apps updated and secure.
With these options, you can enjoy your trip to Vietnam without worrying about how to pay!
