Local Conditions | PriceSmart
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Last updated on August 30, 2022

Local Conditions for El Salvador

 

Membership Conditions

1. Maximum Reward:

The maximum reward may not exceed US$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: US Dollars.

c. Payment methods accepted at Club cashiers: Cash, Bitcoin, Visa, Master Card and Amex.

 

3. Membership Prices

Diamond Membership: Annual Payment US$ 35 + VAT, includes one card for the cardholder and an additional card.

Diamond Platinum Membership: Annual Payment US$ 75 + VAT, includes one card for the cardholder and an additional card.

Business Membership: Annual Payment US$ 35 + VAT, includes card one for the cardholder and an additional card. Up to 3 additional cards available at US$ 10 + VAT/each.

Business Platinum Membership: Annual Payment US$ 75 + VAT, includes one card for the cardholder and an additional card. Up to three additional cards available at US$ 15 +VAT/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 Nicaragua, will accumulate cashback for both their online and inclub purchases. 

 

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

In El Salvador, 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 El Salvador, is 18 years of age or older.

 

6. Payment Conditions

1. Bitcoin will be accepted as a payment method exclusively at brick-and-mortar clubs, for membership and merchandise purchase.

2. As a payment method, Bitcoin will not be available for online purchases (C&G).

3. Returns from purchases made with Bitcoin (crypto-currency) will be processed and executed via gift certificate.

4. In the case were a comission is generated by the electronic wallet (Bitcoin App/Wallet), PriceSmart will not cover it and it will be the responsibility of the member to cover for such cost. This means that, within a return reimbursement, e-wallet (Bitcoin App/Wallet) commissions will not be included.

5. Returns via gift certificate will hold the value of the purchase ticket, expressed in dollars. This amount will be equivalent to the exchange rate at the time of purchase.

6. Gift certificates will not be redeemable for online purchases (C&G).

7. The gift certificate will be redeemable within 30 days, as of the date of issue; the main membership holder and/or secondary membership users that made the purchase can redeem the gift certificate.

8. The gift certificate will be issued to the primary member.

9. Gift certificate returns will not be partial. This means that if a member paid 50% of their purchase using Bitcoin and 50% of their purchase using a credit or debit card, or cash, the gift certificate will be issued for 100% of the purchase ticket. Likewise, if the purchase is made using Bitcoin only (100%), the member may not request a combination of gift certificate and cash, for example.

 

Other Dispositions

Upon acceptance of PriceSmart Terms and Conditions, the main membership holder declares that the funds to be used and managed through transactions and operations with PRICESMART EL SALVADOR, S.A de C.V., are and will have an origin and destination that are in no shape or form related to ilicit activities or individuales involved or linked to such activities, with crimes considered under the Money and Asset Laundering Law and felonies considered under the Special Law against Terrorism Acts; and that provided information in this document is true, therefore exempting PRICESMART EL SALVADOR, S.A de C.V., from all responsibility for any false information provided by such member. Were it necessary, the main PriceSmart membership holder commits and accepts to present documentation that proves the origin and destination of funds, when PRICESMART EL SALVADOR, S.A de C.V. requests so to comply with the requirements of 'Due Dilligence', 'Know Your Customer Policy', 'Money and Asset Laundering Law', and UFI regulations and instructions.

 

7. Online Purchase Conditions

Delivery purchases only will be restricted for tobacco products. Members understand and accept delivery service orders with tobacco products will be processed without these items. Click&Go purchases allow tobacco product purchases; membership card holders may be required to present ID to pick up orders containing tobacco products.