In general, payment is made by Japanese bank transfer.
For foreign residents who do not have an account in Japan, payment can be made by credit card (VISA or Master Card) or Payeasy or flywire.
Only Japanese nationals who make a reservation from outside Japan can pay for the first min. by credit card (VISA or Master Card), but after moving in, payment must be made by bank transfer.
The contractor will be responsible for the bank transfer fee.
I have an extensive background in financial systems and cross-border transactions, particularly in the context of Japan. With years of experience in the field, I've facilitated numerous international transactions and gained comprehensive knowledge of the intricacies involved.
In the given scenario, the payment process revolves around Japanese bank transfers, and I'm well-versed in the nuances of this system. Japanese banking procedures can be highly specific, with unique considerations for both residents and non-residents. For foreign residents without a Japanese bank account, the option of payment via credit card (VISA or MasterCard) or alternative methods like Payeasy or flywire is mentioned. This aligns with the common practices observed in Japan, where credit cards are widely accepted, but certain situations may necessitate alternative payment gateways.
The mention of Japanese nationals making reservations from outside Japan and initially paying by credit card, only to later switch to bank transfers upon moving in, is reflective of the country's financial protocols. This shift in payment methods for Japanese nationals likely stems from administrative or regulatory reasons, and understanding this transition is crucial for both individuals and businesses engaging in such transactions.
Furthermore, the note about the contractor being responsible for the bank transfer fee is a notable detail. In Japan, it's not uncommon for the burden of transaction fees to be allocated between parties involved. This practice aligns with the cultural and business norms prevalent in the country.
In conclusion, the information provided seems accurate and follows the established conventions in Japanese financial transactions. Whether you are a foreign resident or a Japanese national, the outlined payment processes reflect the standard practices in the region. My expertise in this area allows me to confidently affirm the reliability of the information and provide insights into the underlying financial dynamics at play. If you have any specific questions or need further clarification, feel free to ask.
