Anyone ever worked with CrediCorp from Panama as a processing solution for their (high risk) business?

I like to hear reviews from people who have any experience working with this bank to find out if they are reliable.

Thanks in advance.

I spoke with ppl from CrediCorp some time ago. Overall my imression was positive however I think you are mistaken about high-risk. With Credicorp there are none. The amount of credentials, deposits, and references they require makes no sense at all. I do not know what merchants they work with, but I think it's easier to find high-risk provider in States then try to comply with all their requirements.

I have also been in contact with them and I found them almost impossible to work with.
The high risk they work with is with licensed pharmacy and to parameters that is almost impossible to work with. Even less if you are a PSP.

I am with Card Expert, I inquired with them about my Northwest Online Tackle Shop and didnt see how anyone could work with them. It just didnt make sense at all.

Actually they started out thinking they could handle the 'high-risk' but their acquiring bank got smacked with some bigtime fines and removed all but licensed pharmacies from processing.

If you need true high-risk (licensed pharma a NOT high-risk) I suggest you look elsewhere

good luck

I am with Card Expert, I inquired with them about my Northwest Online Tackle Shop and didnt see how anyone could work with them. It just didnt make sense at all.


Northwest as in the US or CA?
That shouldn't be hard to place whatsoever. It's purely mainstream. Let me know if you need more info

Any new information about credicorp and their ability to process high-risk pharmacy clients?

From what I have heard, they seem to be a stable processor especially for herbal pharmacies with offshore locations and a reasonable rate. (The erectile dysfunction pill merchants from Gibraltar, Cyprus, Belize etc.)

I am just wondering if they also process for any other businesses.

Credicorp is a regular bank just like any other around your home town, except in Panama. I saw numerous branches last time I was in Panama City and the local attorneys reccomend them.