Ecuador

Country Overview

Essential information about Ecuador:

Country Code (2 digits)	Country Code (3 digits)	Currency Code	Number of decimals
EC	ECU	USD	2

Supported Card Networks

Localpayment supports these card networks in Ecuador:

Credit Cards

Diners
Discover
Mastercard
Visa

Debit Cards

Maestro

Payment methods

Localpayment offers a range of Payin and Payout methods in Ecuador:

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.

Debit Card

Accept debit card payments at your merchant.

Bank Transfer

Method	Min Amount	Max Amount	Payment Method Code	Payment Confirmation	Working Hours	Execution Notification Time	Cut-Off
Bank Transfer	1.00	1,000,000.00	2399	Asynchronous	24 h	Real Time	-

Credit Card

Method	Min Amount	Max Amount	Payment Method Code	Payment Confirmation	Working Hours	Execution Notification Time	Cut-Off
DISCOVER	1.00	100,000.00	2355	Synchronous	24 h	Real Time	-
Visa	1.00	100,000.00	2351	Synchronous	24 h	Real Time	-
Mastercard	1.00	100,000.00	2350	Synchronous	24 h	Real Time	-
DINERS	1.00	100,000.00	2349	Synchronous	24 h	Real Time	-

Debit Card

Method	Min Amount	Max Amount	Payment Method Code	Payment Confirmation	Working Hours	Execution Notification Time	Cut-Off
Maestro	1.00	100,000.00	2354	Synchronous	24 h	t+1	-

Outgoing Payments (Payouts)

Available methods for disbursing funds:

Bank Transfer

You can make bank transfers to employees or customers.

Payout Bank Transfer

Method	Min Amount	Max Amount	Payment Method Code	Cut-Off (GMT-3)	Execution Time (Days)	Notification Time (Days)
CC	1.00	1,000,000.00	0090	15 h	t+0	t+1

Supported Document Types

Localpayment accepts these document types for verification in Ecuador:

Document Type	Description	ID for individuals and/or legal entities
CE	Cedula de extranjeria	Physical Person
RUC	Tax Id	Physical Person Legal Person
PASS	Passport	Physical Person
CI	Identity Card	Physical Person

Bank account types

Ecuador 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`, `S`		5-20	2901234567

Holidays

Plan your transaction processing around these national holidays in Ecuador:

Holiday	Date
New Year's Day	January 1
New Year's Holiday	January 2-3
Carnival	February 16-17
Good Friday	April 3
Labour Day	May 2
Battle of Pichincha	May 23
Independence Day	August 11
Independence of Guayaquil	October 10
Independence of Cuenca	November 3
All Souls' Day	November 4
Christmas Day	December 25

Supported Banks

Below is a list of banks in Ecuador that are supported by Localpayment:

Amazonas
Austro
BANCO CAPITAL
Banco Capital S.A CORFINSA
BANCO COOPNACIONAL SA
BANCO D MIRO SA
BANCO DEL INSTITUTO ECUATORIANO DE SEGURIDAD SOCIA
BANCO DESARROLLO DE LOS PUEBLOS S.A.
Banco Procredit
Banco Promerica
BANECUADOR B.P.
Bolivariano
CAJA DE A Y C JUVENTUD Y DESARROLLO
CAJA DE AHORRO Y CRÉDITO EL INGENIO
CAJA DE AHORRO Y CRÉDITO EL MANIZAL
CAJA DE AHORRO Y CRÉDITO FRANCISCA CHIGUA
CAJA SOLIDARIA CHIQUICHA
CAJA SOLIDARIA ESTRELLA DEL MUNDO
Camara de Comercio Joya de los Sachas
CASA DE VALORES SMARTCAPITAL S. A. MV
Citadel Casa de Valores S.A.
Citibank
Coac a y c Educadores de Bolivar
Coac a y c Esperanza de Valle de la Virgen LTDA.
Coac a y c Zona de Capital Corcimol
Coac Achik inti LTDA
COAC AHORRISTA SOLIDARIO
Coac Coopymec Macara
Coac Corpucoop LTDA
Coac de los Profesores Empleados y Trabajadores de
Coac del Sind Chof Prof Virgen del Cisne
Coac el Migrante Solidario
COAC KURY WAYTA LTDA
Coac San Miguel de Chirijos LTDA
Coac Sindicato de Choferes Profesionales de Yantza
Coac Tienda de Dinero LTDA.
COFIEC
Comercial de Manabi
COOP A Y C CADECOG GONZANAMA
COOP A Y C ESPERANZA Y PROGRESO DEL VALLE
COOP A Y C UNION EL EJIDO
COOP A Y C VILCABAMBA CACVIL
COOP AH Y CR ANDINA LTDA
COOP AH Y CR COCA LTDA
COOP AH Y CR CREDIAMIGO
COOP AH Y CR DE INDIGENAS CHUCHUQUI LTDA
Coop Ah y Cr de la Pequena Empresa de Loja CACPE L
COOP AH Y CR EDUCADORES DE PASTAZA LTDA
COOP AH Y CR POLICIA NACIONAL
COOP AH Y CR SAN ANTONIO LTDA.
Coop Ah y Credito Ambato Ltda
COOP AH Y CRJUAN PIO MORA LTDA
COOP AHO Y CRED CASEG LTDA
COOP AHO Y CRED EDUCADORES DE CHIMBORAZO
COOP AHO Y CRED GRAL RUMINAHUI
COOP AHO Y CRED HUAQUILLAS
COOP AHORRO Y CREDI MUJERES UNIDAS TANTANAKUSHKA W
COOP AHORRO Y CREDITO MANUEL GODOY
COOP AHORRO Y CREDITO DESARROLLO PUEBLOS
COOP AHORRO Y CREDITO SAN GABRIEL LTDA
COOP AHORRO Y CREDITO SAN ISIDRO LTDA
COOP AHORRO Y CREDITO SAN JOSE
COOP AHORRO Y CREDITO SANTA ROSA
Coop Cacique Guritave
Coop Crediunion
COOP DE A Y C FUTURO LAMANENSE
COOP DE A Y C SAN JUAN DE COTOGCHOA
COOP DE A Y C SANTA ANA DE NAYON
COOP DE A Y CR CORPORACION CENTRO LTDA
COOP DE AH Y CR CREDI YA LTDA.
COOP DE AH Y CR DE SERV PUBLIC MINISTERIO EDUC Y C
COOP DE AH Y CR ECUACREDITOS LTDA
COOP DE AH Y CR ERCO LTDA.
COOP DE AH Y CR GANANSOL LTDA
COOP DE AH Y CR HERMES GAIBOR VERDESOTO
COOP DE AH Y CR NACIONAL LLANO GRANDE LTDA.
COOP DE AH Y CR NUEVA ESPERANZA
COOP DE AH Y CR SAN MIGUEL LTDA.
COOP DE AHO Y CRED SAN MIGUEL DE LOS BANCOS
COOP DE AHORRO Y CREDITO BCE
COOP DE AHORRO Y CREDITO LA MERCED LTDA
COOP DE AHORRO Y CREDITO PROVIDA
COOP DE AHORRO Y CREDITO SANTA ISABEL LTDA
COOP. AHO. Y CRED. JADAN LTDA. MIES
COOP. AHO. Y CRED. SAN MIGUEL DE SIGCHOS
Coop. 15 de Diciembre
Coop. 15 de Mayo
COOP. 29 DE OCTUBRE
COOP. A Y C DE LA PEQ. EMP. CACPE ZAMORA LTDA.
COOP. ACCION Y DESARROLLO
Coop. Aguilas de Cristo
COOP. AH Y CR SAN ANTONIO LTDA. - IMBABURA (MIES)
Coop. Ah y Cr San Miguel de Sigchos
COOP. AH Y CR SUMAK KAWSAY
COOP. AH Y CR VISIONFUND ECUADOR S. A.
COOP. AHO Y CRED ALIANZA MINAS LTDA.
COOP. AHO Y CRED CAMARA DE COMERCIO PINDAL CADECOPI
COOP. AHO Y CREDITO 23 DE JULIO
COOP. AHO Y CREDITO SAN FRANCISCO
COOP. AHO Y CREDITO SANTA ANA