Argentina
When you arrive in Argentina you will be surprised how cheap it is there. If you don't want to be charged with conversion rate in POS as credit card processing fees for merchants equal approximately 1.3% to 3.5% of each credit card transaction. You can go to Western Union or PagoFacil and change the money. Changing rates are always different, but let's say it is as the actual rate 1 euro = 195,40 ARS. If you go to the so-called: “dollar blue” market you can find 1 euro = 390,8 ARS. You will remember me when you will spend 5 euro on your lunch instead of 10 euro.
If you would like to order online there always will be an option to pay with Pagofacil. They are 20 years on the market and working well. They build the trust of Argentinians and foreigners as well. Any orders you can pay through them.
Top banks
If you open a bank account in Argentina and receive a credit card, it will be a local card. You won't be able to use this card outside of the country. Or pay online on websites without local Argentinian channels. You can also receive a credit card with international coverage but not so many people do it. Every payment outside of the country is extremely expensive. Payers must pay 25 percent for purchases and expenses abroad that exceed a limit of USD 300 dollars per month with credit and debit cards. E-wallets and crypto payments are the best options for international shopping. Besides taxation, Argentinians use crypto currencies to save money. Local currency isn't stable.
Top payment methods
If we look into crypto exchange and wallets, those are the trusted once:
So, as we know now, using cash is the best. We also know where to buy crypto.
As well, the shopper orders online and pays with cash in specific stores and locations. These cash options are followed by debit and credit cards from MasterCard and VISA. Cash payments play a significant role. Dominated by PagoFácil and RapiPago.
Pago Fácil allows customers to pay for online purchases in cash at a network of physical locations – making this payment method especially important for addressing the needs of customers who don’t have a conventional credit card or bank account.
Pago Fácil
Pago Fácil allows customers to pay for online purchases in cash at a network of physical locations – making this payment method especially important for addressing the needs of customers who don’t have a conventional credit card or bank account.
Rapipago
Rapipago is a prepaid online payment method used to pay for online purchases and bills in cash at convenient locations across Argentina. The system generates a voucher that users can pay for offline at one of 6,000+ Rapipago payment locations. Since transactions are paid in cash, there’s no risk of chargebacks.
By opening up online payments to half of the unbanked Argentinian consumers, Rapipago allows merchants to capture more revenue from their existing customers.
The company has been in operation since 1996, with coverage throughout the Argentine Republic territory, through its own premises and qualified agents such as supermarkets, pharmacies, and service stations.
Using Rapipago, customers can pay the service bills of more than 5,000 companies, such as electricity, water, and gas services, online purchases, and educational institutions, recharge their balance, and send money to other users who have a Rapipago account.
Concluding remarks
The conclusion is that in Argentina, there are several payment methods that are commonly used.
Cash
As mentioned before, cash is widely accepted in Argentina, and it is a common payment method for most stores and businesses.
Credit and debit cards
Visa and Mastercard are the most widely accepted credit and debit cards in Argentina. However, not all businesses accept cards and some may have a minimum purchase amount for card transactions, and some additional fees may apply.
Mobile payments
Mobile payments are becoming increasingly popular in Argentina, with apps like MercadoPago and Rapipago allowing users to pay for goods and services using their smartphones.
Cryptocurrency
While not as widely used as other payment methods, cryptocurrency is becoming an increasingly popular way to pay for goods and services in Argentina, particularly Bitcoin.
Changing currency
You can change money at Western Union or PagoFacil and the rates may vary, but you can find better rates than the official market.
Pagofacil
Pagofacil is a well-established payment method in Argentina, you can use it to pay for online orders and it is considered a trustworthy option.
"Dollar blue" market
You can also find better exchange rates in the informal "dollar blue" market, but it is important to be cautious when using this method as it may not be legal and may not be as safe as other options.
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About us
Processing News is an Online Wikipedia of the payment world. We collect and publish information about payment habits in different countries, describing methods that payers use in their daily life.
We attract website owners and payment professionals on our portal through marketing channels and personal communication. Also we work as affiliates and recommend to the website owners where they can find a PSP who supports their business model and we introduce clients to PSP.
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