You just invested in real estate in Costa Rica and you are curious about how to make your payments for services.
Finding your way around the world of payments in a new country is anything but easy; however, knowing what choices you have beforehand will help smooth out that transition.
This guide is going to take a closer look at the different forms of payments for services in Costa Rica, and how they play into your real estate experience.
If you're interested in purchasing property in Costa Rica, we suggest you explore an alternative to Liberia, Guanacaste. Pérez Zeledón, in the southern part of the country, offers commercial conveniences, is less than an hour from beaches and mountains, and is more affordable than Guanacaste. Additionally, it has areas with cooler climates.
For available properties, visit UnchartedCostaRica.com
It is a real estate agency with strong connections to property owners and can secure you a great real estate deal.
Most places throughout Costa Rica will accept cash, particularly small businesses and local markets. Smaller transactions, on the other hand, tend to be cash-on-delivery and a period for credit is unnecessary. Credit Cards — Credit cards are accepted in most inline areas like stores, restaurants and hotel chains especially those from major brands Visa or MasterCard. Some establishments such as a small mom and pop store might have a minimum spend amount required for card transactions.
Most bank transfers are routinely used for payment of big bills and services, like paying utilities or property management. Costa Rican banks have online banking platforms with which you can administrate your payments very well. The key benefit is that this way you can set up payments for the future, allowing them to recur and are recorded against your account.
Another key aspect of settling in at your own home is managing payments into essentials such as utilities and other services. How to pay for various types of services in Shopify
https://www.bancopopular.fi.cr/banca-movil-bpdc/sinpe-movil/
Costa Rica sees a surge in popularity of mobile payment apps Applications such as Sinpe Móvil, which allows fund transfers between accounts from their smartphones. It is pretty handy and beneficial for paying to the service provider or maybe just a great transaction. You need a local bank account to make these apps useful.
https://www.integracom.com/clientes.html
Electricity and Water: In Costa Rica electricity is provided by ICE (Instituto Costarricense de Electricidad) just as water is from the AyA (National Aqueducts Institute). You can do bank transfer and pay online via their digital platform or directly at payment partner stores. Expat Tip Set up everything on autopay to prevent anything from falling through the cracks.
https://ticotimes.net/2023/09/26/starlink-cleared-for-costa-rica-launch-bridging-digital-divide
You can choose between high speed internet with services like Starlink, as well local providers such ICE-Kolbi, TIGO, Telecable, Cabletica and Claro. Most payments for internet services can be done online or via a bank transfer. The monthly cost of Starlink is running at ₡23,000 and the hardware will be a one-time cost ₡179,000.
Most management companies will have payments go via bank transfer or credit card if they are local. Be sure to talk about payment terms and methods with your property management service so there is no room for mistakes.
Property taxes and municipal services are borne by the property owners. Most of the time, you can do so at a local government office or online from municipal websites. Just know of the terms and dates to pay else one can earn a huge penalty.
Costa Rican Payments for ServicesOne of the necessary things you will have to do if you are buying or owning property in Costa Rica is managing your payments. If you have an understanding of the different payment types including cash, credit card payments or online and mobile payments then it will make managing your finances a little less stressful.
From your utility bills to property management or local taxes, the more you know and keep organized will provide a smooth experience.
If you're looking to buy property in Costa Rica, we recommend considering an alternative area to Liberia, Guanacaste.
This region offers all the commercial amenities you need, is less than 60 minutes from both beaches and mountains, and unlike Guanacaste, it's more affordable and offers cooler climates in certain areas. This area is called Pérez Zeledón, located in the southern part of the country.
To view properties for sale, visit UnchartedCostaRica
It is a real estate agency with excellent relationships with property owners and can help you find a great deal.
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