Payment methods in Ecuador

Credit and debit cards from international schemes remain the primary payment method in Ecuadorian e-commerce. Banco Pichincha, Banco Guayaquil, Produbanco, and Banco del Pacífico are among the main issuers. The dollarized economy makes USD card transactions seamless for both domestic and cross-border purchases.

Cash on delivery remains significant in Ecuador's e-commerce market, particularly for first-time online buyers and consumers in areas with lower digital payment penetration. It enables consumers without cards or digital wallets to participate in online shopping, though its share is declining as digital wallet adoption grows.

Place to Pay and Kushki are payment gateway providers widely used by Ecuadorian e-commerce merchants to process card transactions and other payment methods. They aggregate multiple payment options — cards, PSE-style transfers, and wallets — into a single checkout experience for merchants.

Payphone is one of Ecuador's leading independent fintech companies and one of the three most important fintechs in the country according to América Economía. It has 645,000 users and facilitates over 740,000 transactions monthly, primarily through its mobile payment app and merchant gateway. Payphone is also available as an international payment processing option via Nuvei.

DeUna is an e-wallet developed by Banco Pichincha, Ecuador's largest private bank, and has emerged as the most widely used digital wallet for online shopping in Ecuador. It surpassed 1 million registered users by 2023 and allows consumers to pay online merchants without entering card details directly, linking to their bank account. DeUna integrates with major Ecuadorian e-commerce platforms.