Spain is known for its vibrant culture, delicious food, and sunny beaches. But it is also a country that offers a variety of payment options to its residents and visitors. If you are planning to travel to Spain or looking to relocate there, it is essential to understand the payment methods and systems in the country. This article will provide you with all the information you need to know about payments in Spain.
In Spain, the most commonly used form of payment is cash. It is widely accepted in restaurants, shops, and markets. However, it is always recommended to carry smaller denominations as some establishments might not have enough change. Credit and debit cards are also widely used in Spain, with Visa and Mastercard being the most accepted. American Express and Diners Club are also accepted, but to a lesser extent. Contactless payments are gaining popularity, and many establishments now have the option for you to pay by just tapping your card. Online payments are also common in Spain, and most banks offer secure online payment services for their customers.
When it comes to bigger purchases, such as buying a property or a car, bank transfers are the preferred method of payment in Spain. Electronic bank transfers are fast and secure, and most banks charge a minimal fee for the service. It is also worth noting that most banks in Spain have a siesta time, which is usually from 2 pm to 4