Central Bank of Argentina Republic Establishes Maximum Terms for Crediting Amounts for Sales in a Card Payment

On June 11, 21 the BCRA issued Communication “A” 7305 that provides that, from 7/1/21, for financial institutions to credit to the deposit account opened in the name of the supplier or affiliated merchant the amount of each sale made in a payment using credit cards or purchase that they have issued, the maximum period will be: MORE.

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Wendy K. Castorena
Phone: +1 216.256.5534
Email: wendyc@team-liftoff.com