Argentina Creditcard Guide to Payment Methods and IIN

Argentina has a unique credit card landscape, with several payment methods and IIN (Issuer Identification Number) codes to navigate. Argentina's credit card market is dominated by international brands, with Mastercard and Visa being the most widely accepted.

You can expect to find a variety of credit card options, including cashback, rewards, and travel cards. Some credit cards in Argentina even offer exclusive benefits for frequent travelers.

Argentina's credit card IIN codes are assigned by the International Organization for Standardization (ISO). The IIN code for Argentina is 389, which is used to identify domestic cards.

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In Argentina, credit card companies offer a range of payment methods to suit different needs.

One of the most popular payment methods is online banking, which allows users to make payments and check their account balances from the comfort of their own homes.

Argentina has a high rate of online banking adoption, with over 70% of the population using digital banking services.

Many credit card companies in Argentina offer mobile payment apps, allowing users to make payments on the go.

Mobile payment apps are convenient and secure, using tokenization and encryption to protect user data.

Argentina's credit card market is highly competitive, with many banks offering rewards and cashback programs to attract customers.

Some credit card companies in Argentina offer rewards programs that allow users to redeem points for travel, merchandise, and other perks.

Argentina's credit card industry is highly regulated, with strict rules in place to protect consumer data and prevent fraud.

Credit cards are a dominant payment method in Argentina, especially in e-commerce, representing approximately 35% of online transactions.

Visa, Mastercard, and American Express are the main credit cards in the country.

Argentine consumers prefer credit cards for the possibility of paying in interest-free installments, a common practice that facilitates access to higher-value products.

To make online payments, Mercado Pago, a payment platform offered by Mercado Libre, dominates the market, both online and in physical stores through QR codes.

Debit cards account for approximately 18% of ecommerce transactions in Argentina and are widely used for everyday purchases to avoid accumulating debt.

Local banks often offer special promotions, such as discounts and refunds, which has increased their use among consumers.

Credit cards are a dominant payment method in Argentina, especially in e-commerce, representing approximately 35% of online transactions. This is largely due to the popularity of credit cards among Argentine consumers.

Visa, Mastercard, and American Express are the main credit cards in the country. Argentine consumers tend to prefer credit cards because of the possibility of paying in interest-free installments, a very common practice in the country.

This option allows customers to divide the total cost of a purchase into several monthly payments, which facilitates access to higher-value products. For example, you can buy a new appliance or technology gadget and pay for it in installments over several months.

Some popular credit card payment platforms in Argentina include Mercado Pago, MODO, and Ualá. These platforms offer a range of features and benefits, such as the ability to pay in installments and control spending.

Here are some key features of these platforms:

Overall, credit cards are a popular payment method in Argentina, and understanding how they work can help you navigate the country's e-commerce landscape.

In Argentina, a total of 23 card-issuing banks issue credit and debit cards under 46 different Issuer Identification Numbers, or IINs, also known as bank identification numbers, or BINs.

These IINs are used to identify the card-issuing bank and are usually the first six digits of the credit card number. Not all IINs are used for credit cards, however - some are used for debit cards.

Argentina's currency is the Peso (ARS), which is the default currency on credit cards issued here.

Here is a list of some of the IINs used in Argentina:

The IINs listed above are just a few examples of the many IINs used in Argentina. Some IINs are used for specific types of cards, such as debit cards, while others are used for credit cards.

If you're planning a trip to Argentina, it's essential to understand the credit card information requirements.

You'll need to provide a national identity document (DNI) with a minimum validity of 12 months and a tax id (CUIL) to open a bank account.

Most banks in Argentina have internal policies that may prevent you from becoming a customer, even with the necessary documents.

It's worth noting that having USD cash on hand is crucial, as ATM withdrawals have ridiculous limits and fees.

You can also consider withdrawing USD from ATMs in Uruguay, which seems to have a more reliable and cheaper network.

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Rebill offers a complete solution for managing recurring and cross-border payments in Argentina, allowing companies to accept popular payment methods like credit cards, debit cards, digital wallets, and cash payments.

This means businesses can expand their operations without needing local infrastructure, making it easier to reach a wider customer base.

Rebill's platform facilitates cross-border payments, enabling companies to accept payments from customers in different countries.

By using Rebill, businesses can streamline their payment processes and reduce the complexity associated with international transactions.

Rebill's solution supports various payment methods, including credit cards, debit cards, digital wallets, and cash payments, providing customers with a convenient and flexible way to make payments.