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Costa Rica Local Payment Methods
Reach new consumers
Costa Rica
Why enter Costa Rica?
Costa Rica is a rapidly developing country in Central America with a young and tech-savvy population. The country has a high internet penetration rate, and e-commerce is growing rapidly. In 2022, the Costa Rican e-commerce market was worth $1.2 billion, and it is projected to reach $2.4 billion by 2025.
The Costa Rican e-commerce market is dominated by a few large players, such as Mercado Libre, Amazon, and Walmart. However, there are also a number of smaller, local e-commerce retailers that are gaining market share.
Source: Statista and JPMorgan
Statistics
1.2 billion
e-commerce market value
80% of internet penetration
e-commerce market is growing at a CAGR of 15%.
Pagsmile payment solutions in Costa Rica
Bank transfer
Bank transfers are a common way to send and receive money in Costa Rica. They are usually quick and easy, and they can be done online or at a bank branch.
Cash
Cash payments are still the most common way to pay for goods and services in Costa Rica. They are accepted in most businesses, and they are a convenient way to pay for small purchases.
Onboarding
How to start
We have an easy and clear onboarding process that will set your business for success.
1
Click ‘begin’
and fill in a short form. One of our payment experts will then get in touch to understand more about your business.
2
Get set
in our test environment so you can get to know our infrastructure
3
Create account
by signing a single contract and passing our KYC and AML tests
4
Onboard
onto our platform. You’ll then be able to activate your merchants using our easy-to-use portal or via API
5
Start converting
across borders and locally with your Pagsmile-powered payment methods
6
PAGSMILE CR SOCIEDAD ANONIMA
Address: SAN JOSE-SANTA ANA SANTA ANA DISTRICT, SPECIFICALLY IN THE PLAZA MURANO BUILDING, EIGHTH FLOOR, OFFICES OF ADVISORY LAW FIRM
Contact email: [email protected]
Telephone: (506) 4101-4000