27 Sep In this post, we will analyze the average and minimum salary in Bogota, Colombia an excellent place for expats enjoy a low cost of living. bogota- colombia. Bogota, Colombia. Photo by mariusz kluzniakBogotá is the capital city of Colombia. It is also the economic and industrial center of the country. The statistic shows the most popular payment methods in Colombia in It was found that 60 percent of Colombian transactions were paid using a credit card. 31 Jul General trade finance is freely available and letters of credit are widely used in Colombia. Methods, terms, and conditions of payment vary with the type of credit. Most imports of equipment are paid via irrevocable day letter of credit (L/C), payable on sight against shipping documents. Normal payment.