What is the payment gateway in Monaco?

09 Oct 2023 By PAYCEC

There is no domestic payment gateway in Monaco. Instead, it relies on various international payment options. Here are some payment methods in Monaco:

1. Credit and Debit Cards:

Visa and Mastercard are universally used for a wide range of transactions. Whether dining at a Michelin-starred restaurant, shopping in high-end boutiques, or paying for daily groceries, you can expect card payments to be hassle-free.

2. Bank Transfers:

Monaco's position as a global financial center means that bank transfers are frequently used, especially for significant transactions such as real estate purchases and international transfers.

3. Mobile Payment Apps:

As in many developed economies, mobile payment apps like Apple Pay and Google Pay have gained popularity in Monaco. These apps enable contactless payments at various points of sale, making transactions quick and convenient.

4. Online Payment Platforms:

Monaco residents and businesses can access international online payment platforms. Services like PayCEC and other globally recognized payment gateways are commonly used for e-commerce transactions, catering to Monaco's luxury retail sector and global clientele.

5. Checks:

While less common than electronic methods, checks may still be accepted by some businesses, particularly for services like property rentals or as a means of payment for invoices.

6. Cryptocurrencies:

Monaco has seen a growing interest in cryptocurrencies like Bitcoin. Some forward-thinking businesses, especially in the technology and luxury sectors, may accept cryptocurrencies as a payment method.