Local Conditions | PriceSmart
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Last updated on August 30, 2022

Local Conditions for Panama

 

1. Maximum Reward:

The maximum reward may not exceed B/. 500.00/year.

 

2. Payment Methods and Currency

a. Payment methods accepted by PriceSmart.com: Visa, Master Card and Amex (debit card, credit card).

b. Payment currency at PriceSmart.com: Panamanian Balboas (PAB).

c. Payment methods accepted at Club cashiers: Cash in US Dollars, PriceSmart Visa, PriceCash, Gift Card, MasterCard, Visa, Amex,  Check *, Electronic Card Voucher Panama, General Voucher.

*Personal checks are not accepted. Business checks are accepted with prior verification.

 

3. Membership Prices*

Diamond Membership: Annual Payment US$ 35 + 7% ITBMS (Movable goods and services transfer tax), includes one card for the cardholder and an additional card.

Diamond Platinum Membership: Annual Payment US$ 75 + 7% ITBMS (Movable goods and services transfer tax), includes one card for the cardholder and an additional card.

Business Membership: Annual Payment US$ 35 +7% ITBMS (Movable goods and services transfer tax), includes card one for the cardholder and an additional card. Up to 3 additional cards available at US$ 10 + 7% ITBMS/each.

Business Platinum Membership: Annual Payment US$ 75 + 7% ITBMS (Movable goods and services transfer tax), includes one card for the cardholder and an additional card. Up to three additional cards available at US$ 15 + 7% ITBMS/each.

 

*Prices in US dollars, subject to daily exchange rate. For local currency prices based on the daily exchange rate, please visit our Membership page.

 

4. Online Purchase Rewards and Cashback accumulation

All purchases on pricesmart.com, PriceSmart app and any associated channels will accumulate Platinum membership rewards as per Membership terms and conditions. Members, holders of a co-branded credit card in Panama, will accumulate cashback for both their online and inclub purchases. 

 

5. Legal age to purchase/renew a membership, purchase alcohol and tobacco products

In Panama, a person is considered of legal age when they are 18 years of age or older. Online and in-club purchases of restricted items, including but not limited to alcohol and tobacco, must comply with the local legal age defined to acquire these goods, which, in the case of Panama, is 18 years of age or older.