Top payment methods in Suriname: A guide on best ways to pay
Wondering what the most popular ways to pay are in Suriname? Explore the top payment options and choose wisely.
Suriname, with a population of around 657 thousand people, has a GDP of approximately 4.51 billion making it the 163rd largest economy in the world. The official currency of Suriname is the Surinamese Dollar (SRD)
The economy is dependent on the extraction and export of natural resources, primarily gold, oil, and bauxite. The United Arab Emirates (for gold), Switzerland, and the United States are key trading partners.
| Country | Suriname |
|---|---|
| Population | 657 thousand |
| GDP (USD) | 4.51 billion |
| Global Ranking | 163rd |
| Currency | Surinamese Dollar (SRD) |
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What is the main payment method in Suriname?
The most common method of payment for everyday life in Suriname is physical cash, the Surinamese Dollar. For the banked population, debit cards are used for ATM withdrawals and at point-of-sale terminals in the capital, Paramaribo. For formal and business-related payments, bank transfers are the standard method.
How to pay in Suriname
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Suriname.
| Payment Method | Description | Type |
|---|---|---|
| Wise | Wise provides international money transfer services. It is known for offering transparent, low-cost currency exchange rates and fast transfers. Wise uses the mid-market exchange rate and charges a small, upfront fee, making it a cost-effective alternative to traditional banks for sending money abroad. The platform also offers multi-currency accounts, allowing users to hold and manage money in multiple currencies. | Online/In-person |
| Cash (Surinamese Dollar - SRD | The most dominant and essential payment method for everyday, small-scale transactions, especially at local markets and outside urban centers. | In-person |
| Bank Transfers | A standard method used for larger, formal payments such as settling bills, business invoices, and payroll through the local banking system. | Online |
| Credit/Debit Cards | Accepted in the formal economy at larger establishments like hotels, supermarkets, and major retailers, primarily in the capital city. | In-person / Online |
| Mobile Banking Apps | Growing in popularity for personal finance, allowing users to pay bills, check balances, and transfer funds directly from their smartphones. | Online |
Is PayPal available in Suriname?
Yes, PayPal is accepted in Suriname.
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You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
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Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.