Following the introduction of ATM's in Myanmar their Banks are now rolling out the credit card system and signing up merchants such as Travel Agents. No doubt hotels, restaurants and airlines will also be approached .Because of the lack of high speed internet I think it will initially be a paper system with Agents getting phone authority, like the old days in Europe and the US
The sting in the tail is that the Banks are demanding high merchant fees-up to 4.5% which is at least twice as much as is charged in most developed countries. Add to this your own providers fee, which can be as high as 2.5% by way of fee or equivalent currency conversion charge, and you are adding 7% to your holiday costs-so much for progress.
There is no way an Agent can absorb this cost so it will have to paid by the client as a CC surcharge-nothing new as airlines and online booking sites already do this but it is the high % that is the catch.
Each Agent will have to establish their own policy but if an Agent quotes you a price with no CC surcharge he has probably loaded his quote by +5% !
I personally feel that the current payment methods will continue, with CC's as an option, at extra cost. Eventually, as International banking opens up in the country, one should be able to do wire transfers into Yangon.
I am unsure whether Debit Cards will be accepted, and at what cost.
In the meantime my personal thoughts are that the best financial option is a deposit by CC( with surcharge) and with the balance payable in $ on arrival.
Incidentally, I believe Air Bagan (and I am sure other airlines) will be introducing an on-line booking system, with CC payment, later this year.