The Central Bank left out the virtual wallets of these regulations, and is aimed at testing bimonetaries in principle with debit cards.
Everything is ready. From this Friday, Shops can charge in dollars via debit card. Despite the high expectation that the Fintech industry maintains, they consider that it will take time to Argentines to adapt to this modality. How it will work and take into account.
Commerce: How will the collection be made in dollars
Payment in dollars will be made to through debit cards and the process will be similar to a sale in pesosonly the first step It will be to select the currency in which the payment will be made. For commerce, it is indispensable have an account in dollars enabled in the bank to be able to prove payments. To meet this requirement, everyone can register their dollar account.
If a trade wishes to charge in dollars by debit card, you must follow these steps:
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Account registration in dollars: Commerce must register an account in the dollar of the bank with which it works. This process is carried out immediately, but the account must be of the same bank as it in pesos.
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Where to register? Initially, the discharge will be made by phone, but in the future it can be done through online self -management channels.
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POS terminal: The shops will not need to reprogram their post terminal. Once the dollar account is registered, the terminal system will be automatically updated.
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Terms of payment: The trade will receive payments in your account in dollars under the same conditions of tariffs and payment deadlines as in the operation with pesos.
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Ecommerce: If trade uses an own checkout or another eCommerce platform, you should update it.
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Own management systems or point of sale: If trade uses your own system, you must add it to accept payments in dollars.
Dollar card 01
What should users do
If you are a debit card user and want to pay in dollars, you must follow these steps, provided that trade accepts payments in this currency:
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If you have an account in dollars: You must consult with the bank that issued your debit card if you need to associate it with your dollar saving box or if it is already automatically linked.
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If you don’t have an account in dollars: You will have to request the opening of an account in dollars in your bank and then follow the previous step, linking your card to that new account or verify if it is already associated.
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Funds: To be able to pay in dollars, you must have enough dollars in the dollar account linked to your card.
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Payment technology: POS terminals are compatible with contactless technology, NFC, in addition to having the band and chip option, both for face -to -face payments.
Payment process: The procedure is similar to that of a payment in pesos. The first step is to select the currency in which you want to make the payment. If you are going to pay in dollars, select the “Dollars” option in the POS drop -down menu where you can enter the sale value. Then, simply bring your contactless card, cell phone or NFC watch. You can also choose to insert the card to use the chip or the magnetic band.
Source: Ambito
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