Transfer from Credit Card

It allows you to send money transfers to beneficiaries with checking and savings accounts at Panamanian banks, from a Panamanian VISA or MasterCard credit card via ACH using our Android cellphone or tablet app with Internet access, through our website or by our automated assistance to 201-RAPI (201-7274).

Benefits

  • Immediate disbursements to the selected account or card
  • Service available 24/7
  • Saves time
  • Several payment alternatives
  • You can do it from a computer, tablet or cell phone with Internet access
  • Secure
  • Accessible

Situations in which this service can be useful:

  • The client does not have enough funds in his/her checking or savings account (but has funds available on a credit card) to pay a recipient who does not accept credit cards.
  • The recipient accepts payments by credit card, but only if the client is physically present.
  • The client wishes to deposit in his/her Panamanian checking or savings account the funds available in his/her VISA or MasterCard credit card 24/7, 365 days a year, instead of going to the bank or an ATM to withdraw cash. Limits on the maximum withdrawal amount to be withdrawn from the available funds may apply

Requirements

  • Free membership to Servicios Financieros Inmediatos, S.A. (RapiVale)
  • Copy of government ID
  • Copy of the Credit Card
  • Authorization to perform an APC query
  • Authorization of payment method
  • Direct payroll discount
  • Debit from a savings account
  • Debit from a checking account
  • Debit from a credit card

Fees

The cost is 7.5% of the total amount plus ITBMS. (Example: If you transfer $100, the cost is $7.50 plus ITBMS = $8.02)