Overview
Ecuador is a card-dependent market, reflecting its dollarized economy (USD is the official currency) and relatively limited adoption of alternative payment rails. Credit cards account for the majority of e-commerce volume.
Cross-border transactions represent a high share of total volume — one of the highest ratios in Latin America — making Ecuador a natural fit for international merchants entering the region without a local entity.
Available payment methods
Ecuador supports the following payment methods through EBANX. For detailed integration guides, select a payment method from the sidebar or visit the API Operability page.
- Cards: Credit Cards, Debit Cards
- Trusted Redirects: Safetypay
Currency and settlement
| Detail | Value |
|---|---|
| Local currency | USD - United States Dollar |
| Accepted currencies | USD |
Ecuador's dollarized economy means payments are natively processed in USD.
Refunds
- Refunds for credit and debit card payments are sent to the card acquirer.
SafetyPay refunds require the following customer banking details:
| Field | Description |
|---|---|
| Bank name | The customer's bank |
| Account type | Savings or checking |
| Account number | Bank account number |
| City | Customer's city |
| Account holder name | Name of the bank account holder |
Still need help?
We hope this article was helpful. If you still have questions, you can explore the following options:
- Merchant support: Contact our support team at sales.engineering@ebanx.com for assistance.
- Not a partner yet? Please complete the Merchant Signup Form, and our commercial team will reach out to you.
