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Banking & Financial Accounts

Panama Merchant Services

Panama

Help eligible Panama businesses arrange point-of-sale and digital payment facilities through suitable third-party providers.

Panama has a developed merchant-services market supporting SMEs and larger businesses.

Current services include contactless point-of-sale facilities, business debit cards and digital tools designed to help companies collect customer payments.

Who this service is for

This service can suit businesses taking payments in person, online or through a mixture of channels.

Merchant facilities should be selected around the business model, sales channels, turnover and customer profile.

What the provider will consider

The provider can ask about products, turnover, average transaction values, refunds and customer locations.

Online merchants may also need a suitable website, trading terms and fulfilment information.

Match the facility to the business

Point-of-sale terminals, online gateways and mobile acceptance solve different payment needs.

We help present the trading model accurately so the provider can assess the right facility.

How Coutts Consultants can help

For an application in Panama, we review the payment requirement, prepare the business information and make an introduction where a suitable provider is available.

The provider decides acceptance, pricing, settlement and any reserve requirements.

Service details

Why choose Coutts Consultants

Coutts Consultants helps eligible clients in Panama prepare a clear application and introduces them to suitable third-party providers where available.

What is included

  • Merchant needs review
  • Payment-channel assessment
  • Application preparation
  • Provider introduction
  • Onboarding support

Benefits

  • Provider matched to trading model
  • Online and physical payments considered
  • Application organised clearly
  • Help throughout onboarding

Requirements

  • Lawful business
  • Clear product/service offering
  • Suitable KYC evidence
  • Trading information
  • Provider acceptance

Documents required

  • Company/KYC documents
  • Website/trading information
  • Turnover/payment estimates
  • Refund/fulfilment information
  • Processing history where available

How it works

  1. 01Discuss banking requirement
  2. 02Review client or entity information
  3. 03Prepare application information
  4. 04Identify suitable provider
  5. 05Make introduction
  6. 06Assist through onboarding

Timescale

Timing depends on the provider, client profile and complexity of the application.

Ready when you are

Ready to discuss your international business requirements?

Tell us what you are looking to achieve and we will help you identify the appropriate jurisdiction, structure or service.