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what kind of banking?This forum post has messages dated from 12/29/11 through 03/12/12, please be sure to read all the messages. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.
| what kind of banking? You want a regular business banking account, or you want a merchant account to accept visa and mastercard?I think the two are in a whole different ballpark. I don't think low fees, much less very low fees, is part of the merchant processing system there... If you just want people to deposit into your BROU account in dollars or pesos, I don't think you'll have any fees for that. They should be able to do it at an ATM or a teller window. Just setup a dollar account and a pesos account. Expert Page: Quick Tips for Getting Settled in Uruguay |
| "Debit Cards?"
Will I be able to use my Visa backed USA debit cards for purchases throughout UR? So excited to be coming on Mar. 15th! Thanks! |
| "Visa Cards"
Visa and Mastercard is accepted at many places in Montevideo. Though a few chose to accept just one or the other. In rural areas you'll probably find fewer places.People will also ask you how many "cuotas" (ie: payments) you want. That option doesn't work with foreign cards. So the correct answer is 1. Expert Page: Quick Tips for Getting Settled in Uruguay |
| "Cuotas"
Thanks for that last tip about cuotas. I haven't used my Visa card here yet, but will shortly and this question would have confused the heck out of me since I've never experienced it before. |
| "Strange Question"
I first ran across it in Colombia and once I understood what they were asking, it seemed to be a conceptually strange question.I though the main intent behind a credit card was to break your purchases down into monthly payments, ie: "cuotas". So why have a $120 purchase split into 12 charges of $10 each month, which you can then pay with monthly payments? Anyway, it seems common in Latin America and the question is even asked on small purchases. Sometimes when the clerk recognizes you have a foreign card they skip over the question. Or, if I am making a small purchase and the clerk knows me I'll answer that I want 100 or 1, 000, 000 quotas. I don't know if they ask on debit cards. They also ask you to write down your "document number" on the receipt. It is extremely rare that they actually look at the number or verify it. Expert Page: Quick Tips for Getting Settled in Uruguay |
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