Market guide · Latin America
Selling in Colombia
PSE bank transfers are a core online payment method alongside cards, and cash networks still matter outside the main cities. The new Bre-B instant payment system is being rolled out.
| Currency | Colombian peso (COP) |
|---|---|
| Languages | Spanish |
| Region | Latin America |
| Local acquiring | Available |
| Settlement | T+2 |
| Payout rail | ACH Colombia · Same day |
| Import consumption tax | VAT (IVA) · 19% |
Popular payment methods
Share of online payments by method. Illustrative figures.
| Visa, Mastercard, Amex | 45% (45% of online payments) |
|---|---|
| PSE | 30% (30% of online payments) |
| Mercado Pago | 10% (10% of online payments) |
How to launch in Colombia
- 1Open a sandbox accountTest every flow for Colombia with test cards and methods before you sign anything.
- 2Turn on local methodsStart with PSE, Mercado Pago.
- 3Process domesticallyDomestic processing in Colombia avoids cross-border fees and lifts approval rates.
- 4Settle in your home currencyPayments convert at a published margin before settlement.
- 5Show duty-inclusive pricesQuote VAT (IVA) and duties at checkout so nothing is due on delivery.
- 6Go liveVerify your business, switch your keys and watch the first orders arrive.
Duties and import tax
VAT (IVA) at 19% applies to most imported goods.
Thresholds: Simplified courier regime for low-value parcels
Regulatory notes
- Foreign providers of digital services may need to register for Colombian VAT.
- Shoppers' national identity numbers are commonly required for bank payments.
Placeholder notes for the prototype, not legal advice.
Customer story nearby
Basalt Marketplace
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T+1
seller payouts on local rails · Illustrative
Sellers in Brazil and Mexico get paid in their own currency the next day. Onboarding takes minutes.
Lucas Ferreira, Co-founder & CTO Read the story: Basalt Marketplace