Bolivia
Learn more about currency, payment methods, processing times, and other essential details for operating in Bolivia with Localpayment. This guide provides a comprehensive overview of everything you need to know to integrate and optimize your payment processing in this market.
Country Overview
Essential information about Bolivia:
| Country Code (2 digits) | Country Code (3 digits) | Currency Code | Number of decimals |
|---|---|---|---|
| BO | BOL | BOB | 2 |
Supported Card Networks
Localpayment supports these card networks in Bolivia:
Credit Cards
- Visa
Payment methods
Localpayment offers a range of Payin and Payout methods in Bolivia:
Incoming Payments (Payins)
Available methods for receiving funds:
Bank Transfer
Accept payments for your products or services by bank transfer.
Credit Card
Accept credit card payments at your merchant and provide installments and subscriptions to your clients.
| Method | Min Amount | Max Amount | Payment Method Code | Payment Confirmation | Working Hours | Execution Notification Time | Cut-Off |
|---|---|---|---|---|---|---|---|
| QR | 1.00 | 1,000,000.00 | 1150 | Asynchronous | 24 h | Real Time | - |
| Payin Bank Transfer | 1.00 | 1,000,000.00 | 1199 |
| Method | Min Amount | Max Amount | Payment Method Code | Payment Confirmation | Working Hours | Execution Notification Time | Cut-Off |
|---|---|---|---|---|---|---|---|
| Visa | 0.00 | 6,000,000.00 | 1711 |
Outgoing Payments (Payouts)
Available methods for disbursing funds:
| Method | Min Amount | Max Amount | Payment Method Code | Cut-Off (GMT-3) | Execution Time (Days) | Notification Time (Days) |
|---|---|---|---|---|---|---|
| SCP | 1.00 | 9,999,999.00 | 0020 | 15 h | t+0 | t+0 |
Supported Document Types
Localpayment accepts these document types for verification in Bolivia:
| Document Type | Description | ID for individuals and/or legal entities | Length | Document ID Example |
|---|---|---|---|---|
| CI | Cedula de Identidad | Physical Person | ||
| CE | Cedula de Identidad de Extranjero | Physical Person | ||
| NIT | Numero de Identificación Tributaria | Physical Person and Legal Person |
Bank account types
Bolivia uses the following bank account types for transactions. Ensure you provide the correct account details when processing payments.
| Bank Account Type | Name | Length | Example |
|---|---|---|---|
C | 7-14 | 1234567 | |
S | 7-14 | 87654321 |
Holidays
Plan your transaction processing around these national holidays in Bolivia:
| Holiday | Date |
|---|---|
| New Year's Day | January 1 |
| Plurinational State Foundation Day | January 22 |
| Carnival | March 3 |
| Carnival | March 4 |
| Easter Thursday | April 17 |
| Easter Friday | April 18 |
| Labour Day | May 1 |
| Corpus Christi | June 19 |
| Aymara New Year | June 21 |
| Independence Day | August 6 |
| All Souls' Day | November 2 |
| Christmas Day | December 25 |
Supported Banks
Below is a list of banks in Bolivia that are supported by Localpayment:
- Banco BISA
- Banco de Crédito de Bolivia
- Banco de la Nacion Argentina
- Banco Do Brasil
- Banco Ecofuturo
- Banco Económico
- Banco Fassil
- Banco FIE
- Banco Fortaleza
- Banco Ganadero
- Banco Mercantil
- Banco Nacional de Bolivia
- Banco Solidario
- Banco Unión
- Billetera Móvil de Entel
- Cooperativa Catedral
- Cooperativa Comarapa
- Cooperativa Educadores Gran Chaco
- Cooperativa El Chorolque
- Cooperativa Fátima
- Cooperativa Jesús Nazareno
- Cooperativa La Merced
- Cooperativa Loyola
- Cooperativa PIO X
- Cooperativa Quillacollo
- Cooperativa San Antonio
- Cooperativa San Jose de Punata
- Cooperativa San Martin
- Cooperativa San Mateo
- Cooperativa San Pedro
- Cooperativa Trinidad
- Institucion Financiera de Desarrollo
- Magisterio Rural
- Mutual el Progreso
- Mutual la Primera
- Mutual la Promotora
- Tigo Money (billetera movil)
Updated 2 months ago