Panama

Country Overview

Essential information about Panama:

Country Code (2 digits)	Country Code (3 digits)	Currency Code	Number of decimals
PA	PAN	USD	2

Localpayment supports these card networks in Panama:

Credit Cards

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

Available methods for receiving funds:

Bank Transfer

Accept payments for your products or services by bank transfer.

Cash

with the Cash payment method your customers may pay in cash for your digital goods or services.

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
Punto Pago Wallet Referenced Payments	2.00	200.00	2111	Asynchronous	24h	T+1	-
Bank Transfer	1.00	100,000.00	2199

Method	Min Amount	Max Amount	Payment Method Code	Payment Confirmation	Working Hours	Execution Notification Time	Cut-Off
El Machetazo	1.00	200.00	2101	Asynchronous	24 h	T+1	-
Jumbo supermercados	1.00	200.00	2105	Asynchronous	24 h	T+1	-
AM:PM	1.00	200.00	2108	Asynchronous	24 h	T+1	-
Western Union	1.00	100.00	2103	Asynchronous	24 h	T+1	-
Cooperativa Juan XXIII	1.00	200.00	2109	Asynchronous	24 h	T+1	-
Supermercados Pueblo	1.00	200.00	2107	Asynchronous	24 h	T+1	-
El Peñon	1.00	200.00	2106	Asynchronous	24 h	T+1	-
Super Xtra	1.00	200.00	2102	Asynchronous	24 h	T+1	-

Method	Min Amount	Max Amount	Payment Method Code	Payment Confirmation	Working Hours	Execution Notification Time	Cut-Off
Visa	0.00	0.00	2110	Asynchronous	24 h	T+0	-

Available methods for disbursing funds:

Bank Transfer

You can make bank transfers to employees or customers.

Type	Method	Min Amount	Max Amount	Payment Method Code	Cut-Off (GMT-3)	Execution Time (Days)	Notification Time (Days)
Bank Transfer	ACH	1.00	999,999.00	0150	15 h	t+0	t+1

Localpayment accepts these document types for verification in Panama:

Document Type	Description	ID for individuals and/or legal entities
RUC	Single Taxpayer Registry	Physical Person
CE	Cedula	Physical Person
PASS	Pasaporte	Physical Person

Panama 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		356874213500

Plan your transaction processing around these national holidays in Panama:

Holiday	Date
New Year's Day	January 1
Martyrs' Day	January 9
Carnival Monday	March 3
Carnival Tuesday	March 4
Ash Wednesday	March 5
Easter Thursday	April 17
Easter Friday	April 18
Labor Day	may 1
Separation Day from Colombia	November 3
National Symbols Day	November 3
Flag Day	November 4
Colón Day	November 5
Los Santos Uprising Day	November 10
Independence Day from Spain	November 28
Mother's Day	December 8
National Mourning Day	December 20
Christmas Day	December 25

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