Here in Trinidad and Tobago, one of the big challenges we face today is still getting paid online and paying people online. As you know, the credit card penetration rate here is still around 10% and that doesn’t differentiate from the people who have multiple credit cards. Therefore, whenever you have your business online and are selling products or taking bookings, in a sense, we are very limited by the pool of people who can actually patronize your business online locally. This is why everyone needs a JMMB account in Trinidad & Tobago.

This is especially true for anybody who is looking to build their online presence and sell to anybody in the world. Currently, if you want to use the most popular and recognized payment processor (Paypal), you need to have a visa card to accept the deposits, as they do not deposit into any bank accounts directly.

In comes JMMB! They are currently the only bank in T&T who has a Visa-Debit card that is linked to a bank account. Before you even begin to attempt to jump in my comments or send me a DM about the Republic bank VTM Cards, remember, Republic bank treats those like a real debit card when it comes to fees. They charge you the cash advance fees anytime you make a withdrawal and you can only hold up to $3000usd on the cards.

JMMB doesn’t have those loading fees or limits on how much you have in your account. Withdrawal fees are the standard bank fees. For shopping online with international brands in US currency, please contact JMMB for the limits as these are subject to change.

However, for local commerce, If you have their black visa debit card, you can spend up to $10k/day in local currency or for the gold visa debit card, up to $20k/day.

Visa Debit cards from banks will change the game of commerce in T&T and even though Scotiabank has announced their own, they still haven’t (or maybe I haven’t seen it) rolled theirs out as yet, followed by the other banks. The sooner the banks roll out their visa debit cards and get rid of Linx cards, the better.

You could send people invoices through platforms like Wipay or Buzzpay, via email or social media and they would simply enter their debit cards to pay you. There will absolutely be no need for your clients to leave their house, stand in a bank line or visit a random agent to pay you via a 3rd party service.

Paypal also integrates with some many of the tools we need as entrepreneurs to help build our businesses online that allow us to get paid as well.

For my ebook sales, I use a digital delivery service that I have integrated into my website to handle the delivery of my ebooks, the money then gets deposited into my Paypal account, which I then deposit into my JMMB bank account.

The more people in Trinidad & Tobago who open an account with JMMB, people can start to pay people for goods and services online. As long as you need to speak to someone to make a sale and get the account information or drive to a brick and mortar store, we lose out on the most important buyer segment…the impulse buyers.

Jeff Bezos (Owner of Amazon) said the most important thing his business has ever introduced was 1-click shopping. It quadrupled sales on their platform.

People want to be able to visit your website, Facebook or IG shop, see the products they want, purchase it and have it delivered to them.

In Trinidad, we lose out on this due to the very low credit card penetration rate. We need to constantly tell people about our bank account numbers so they can either do a bank deposit or online bank transfers. Paywise is another stopgap service but it requires people to leave their house, find an agent and pay in cash, hence this is just not ideal.

So I say to everyone, go get yourself a JMMB account. If you are looking to build your business online beyond the shores of T&T, sign yourself up with JMMB so that you can take advantage of all of the tools you need.


  • Ronan Simmons
    Posted September 10, 2019 8:37 pm 0Likes

    Great Post, will look into getting one.

  • Jarah Jemmott
    Posted April 5, 2020 1:21 pm 0Likes

    Your post have been very informative. Thanks for sharing

  • Adanna
    Posted April 13, 2020 12:38 am 0Likes

    Just as soon as COVID allows, I’ll go get one as well. Thanks for this.

    • Talon Thomas
      Posted May 5, 2020 10:35 pm 0Likes

      Enjoyed your article bro. Question: Do you think that JMMB is still unmatched in this area?

      • keronrose
        Posted May 6, 2020 7:28 pm 0Likes

        Thanks for checking it out. Correct, no other Visa Debit card functions in the full capacity the way that JMMB does.

  • Sulan
    Posted May 11, 2020 3:43 pm 0Likes

    I really want a Jmmb account but I live in Tobago and though they now have a branch here, they aren’t facilitating sign ups. Is there any way for me to get an account without actually needing to benin Trinidad?

  • Steph
    Posted August 8, 2020 4:33 am 0Likes

    I got a Jmmb visa debit card and I still can not recieve payment via PayPal. PayPal sent the sender a message saying transmission is declined due to a risk associated with his payment. Please tell me what to do ?

    • keronrose
      Posted August 15, 2020 6:04 pm 0Likes

      You need to ensure you have a TT Paypal account..many of the people getting this error have registered a US Paypal account.

  • Ellyse
    Posted August 17, 2020 6:39 am 0Likes

    Great article! I am opening an account today, however, I heard that payments take up to 21 days with JMMB through paypal, is this true?

    • keronrose
      Posted August 28, 2020 12:44 pm 0Likes

      All depends on Paypal…they will dictate how long or if you have any wait period for deposits…my deposits from Paypal to JMMB are instant.

  • Natasha Rampersad
    Posted August 18, 2020 3:10 am 0Likes

    Hi, Great article, thank you for informing. I’d like to clarify a few things. If I’m looking to set up a commerce website or a marketplace store eg. Redbubble to accept international payments, i would have to:
    1) Get a JMMB bank account, 2) Set up a Paypal TT account 3) Link my Jmmb account to TTPaypal and is that it?

    Would the currency being transferred into my JMMB account be in TTD or USD?
    Thanks for your help in advance.

    • keronrose
      Posted August 19, 2020 1:28 pm 0Likes

      Correct to the steps…and the money will be transferred in TTD.

  • Jeremiah Roopchan
    Posted January 9, 2021 5:57 pm 0Likes

    Ken rose, thanks brother your information was very help full and as I now know ,because of you I can now make a properly informed Decision JMMB ALL THE WAY!!!

  • Stephen Hamilton
    Posted March 6, 2021 12:14 am 0Likes

    I must say that it is good to see a fellow Trinidadian putting good content out there to help their fellow citizens Especially in these hard covid-19 times. Some times a little information goes a long way. Keep up the good work !!!!!!!!!!!

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