Shopify Local and Alternative Payment Methods in Panama

With over 4 million people, Panama is a growing eCommerce market. The country primarily uses the Panamanian Balboa (PAB), although the United States Dollar (USD) is also widely accepted. Spanish is the official language, and offering local payment solutions can help Shopify merchants tap into this market.

Why Target Panama’s eCommerce Market?

Shoppers in Panama prefer local payment methods over international options. Popular gateways include Placetopay, Visa, MasterCard, and local bank transfers, ensuring smooth transactions. With CartDNA’s Shopify payment solutions, businesses can start selling in Panama without needing a physical presence.

Key Benefits of Local Payment Methods for Shopify Merchants

• Higher Conversion Rates – Local payment options reduce cart abandonment.
• Faster Transactions – Seamless checkout experiences improve customer satisfaction.
• Market Expansion – Reach more customers who prefer local gateways.
• Better Customer Trust – Local payments build credibility and reliability.
• Increased Mobile Sales – Mobile wallets and online banking are widely used.
• Easy Integration with CartDNA – Accept local payments without a Panama business registration.

Get in touch with CartDNA today and start selling in Panama’s eCommerce market!