How to Accept Online Payments Online in Trinidad & Tobago

How businesses in Trinidad and Tobago can enable online payments and e-commerce solutions for their customers

Lockdowns and restrictions over the last year and a half have pushed many local companies online. Whether it be websites or selling through social media, companies have found ways to stay afloat during very uncertain times. Companies have also had to find solutions for safe transactions.

One of the best ways for companies to accept contactless payments is through online payment solutions. Yet not many businesses are aware of their online payment options.

Many banks in Trinidad and Tobago offer services that allow companies to accept online payments and some even enable transactions through social media. For example, Republic Bank’s E-Pay and First Citizen Bank’s EasyBiz give local companies the ability to accept online payments without a website.

Local banks also work with a variety of financial companies to enable these features including First Atlantic Commerce, Fygaro, and more.

The main way for local companies to receive online payments is to contact their bank to learn about their online merchant services.

What do I need to do to Start Accepting Online Payments?

The first step to begin this journey, regardless of the person’s respective bank, is to open a merchant account. From there the person will have access to the many e-commerce solutions their bank offers.

Each bank has a different set of criteria, so it is best to read the information available on their website or contact their merchant services/e-commerce department to find out their specific set of requirements.

Below are the banks in Trinidad and Tobago that offer e-commerce services and the contact information for their online merchant/e-commerce services:

Scotiabank Trinidad & Tobago Limited: