In most countries in Latin America, the merchant is settled the full amount one day after the purchase. Brazil is the exception, where the general rule is that merchants get paid in 30 days. The alternative is to choose to expedite the receiving of funds through an ‘anticipation’ (antecipação) at an extra cost. In Mexico, anticipations are mandatory, at the merchants’ expense and this cost can not be transferred to the consumer. In all LATAM countries, issuing banks will take the risk of debt default.