Spend abroad with the mid-market exchange rate - no markups, and no sneaky transaction fees.
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 Venezuela.
Yes, PayPal is accepted in Venezuela.
Wondering what the most popular ways to pay are in Venezuela? Explore the top payment options and choose wisely.
Venezuela, with a population of around 26.67 million people, has a GDP of approximately 108.51 billion making it the 69th largest economy in the world. The official currency of Venezuela is the Venezuelan Bolívar (VEF)
The economy is based on its massive oil reserves but is in a state of collapse due to mismanagement and sanctions. Its economic relationships are now primarily with allies like China and Russia, as sanctions have cut it off from many traditional partners.
Due to prolonged hyperinflation, the US dollar has become the de facto currency for the majority of transactions, primarily used in cash form. The US-based peer-to-peer transfer service Zelle is a very popular payment method among those with access to overseas bank accounts. For smaller payments in the local currency, the Bolivar, the "Pago Móvil" interbank transfer system is used.
Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
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.
And for extra convenience, you can add your Wise Multi-Currency Card to your Google Wallet or Apple Wallet. Then you can travel even lighter and pay using just your phone, with no need to pack the physical card.
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.