Legal Terms for Merchants
Description of EBANX Payment Methods
Updated on August 23, 2019Description of EBANX Payment Methods with the respective confirmation time, Settlement availability and Anticipation of Funds.
Argentinian Payment Methods (Argentina)
Pago en Efectivo
Description. Pago en efectivo is an offline cash payment method. Customers can generate a coupon that can be paid in cash at any of the affiliated stores: PagoFacil, RapiPago, BaproPagos, ProvinciaPagos, ProntoPago, CobroExpress, FormoPagos, PagoListo, Chubutpagos and PampaPagos.
Confirmation time and Settlement availability. Payment confirmation occurs up to 2 (two) business day depending the payment method used by the Customer, with funds available to be settled to the Merchant on D+15.
Credit and Debit Card
Description. EBANX acquiring services allow the Merchant to accept Credit and Debit Card Transactions.
Confirmation time and Settlement availability. Payment confirmation occurs in real time after the payment is made by the Customer, with funds available to be settled to the Merchant on D+15.
Bolivian Payment Methods (Bolivia)
PagosNET
Description. PagosNET is an offline payment method in which the Customer generates a coupon that can be paid in cash at any of the affiliated stores or online with Internet Banking.
Confirmation time and Settlement availability. Payment confirmation occurs in real time, with funds available to be settled to the Merchant monthly in arrears on the 3rd business day of each month.
Brazilian Payment Methods (Brazil)
Boleto Bancário
Description. Boleto Bancario is a Brazilian payment method. It is a payment slip with a barcode on it that can be paid online or in person at locations such as banks and lottery shops.
Confirmation time and Settlement availability. Payment confirmation occurs from 1 (one) up to 2 (two) business days after the payment is made by the Customer, with funds available to be settled to the Merchant on the following business day after payment confirmation. Boleto Bancario is a payment method free of risks of chargebacks and fraud.
Online Debit (TEF)
Description. Online Debit, or simply TEF, is an online payment method. The transactions are confirmed in real-time and they are made through Customers’ Internet Banking.
Confirmation time and Settlement availability. Payment confirmation occurs in real-time with funds available to be settled to the Merchant on the following business day after the payment is confirmed.
Credit Cards
Description. EBANX acquiring services allow the Merchant to accept Credit Card transactions.
Confirmation time and Settlement availability. Payment confirmation occurs from 0 (zero) up to 5 (five) hours after the sale and funds are available to be settled to the Merchant 30 (thirty) days after the payment is confirmed.
Anticipation of funds. The Merchant shall only request the Anticipation Services, described in SCHEDULE C, 30 (thirty) days after the first confirmed Credit Card transaction. The fees regarding the Advances are subject to banks loan interest rates, therefore established by the market and dependent on it. Consequently, the Advance fees (and hence the Total Amount) may change, in which case Processor will notify the Merchant with a one month’s notice. Processor is not responsible for any of these rates variations and thus not chargeable in any circumstance.
Bank Transfer
Description. Payments are transferred electronically from the Customer’s bank account to the designated bank account.
Confirmation time and Settlement availability. Except on Saturdays and Sundays, payment confirmation occurs in D+1 after the payment is made by the Customer, with funds available to be settled to the Merchant 1 (one) business day after payment confirmation.
Chilean Payment Methods (Chile)
Servipag
Description. Servipag payment button groups 21 different payment options within one solution, either a charge on the Customer's bank account or payment with retail cards, using high standards of technology and security.
Confirmation time and Settlement availability. Payment confirmation occurs in real time after the payment is made by the Customer, with funds available to be settled to the Merchant 8 (eight) days after payment confirmation.
Sencillito
Description. Sencillito is an offline cash payment method in Chile. When choosing Sencillito the customer will receive a voucher that can be paid at any of the over 1000 affiliated stores in cash or with ABCDIN and HITES retail cards.
Confirmation time and Settlement availability. Payment confirmation occurs in D+1 after the payment is made by the Customer, with funds available to be settled to the Merchant 2 (two) days after payment confirmation.
Credit and Debit Card
Description. EBANX acquiring services allow the Merchant to accept Credit and Debit Card transactions.
Confirmation time and Settlement availability. Payment confirmation occurs in real time after the payment is made by the Customer, with funds available to be settled to the Merchant 3 (three) days after the payment confirmation occurs.
Multicaja
Description. Multicaja is a payment option that combines two different payment methods: offline cash payment and bank transfer. When choosing Multicaja, Customers can generate a coupon that can be paid in cash at any of over 5000 Multicaja affiliated places or pay through debit from their bank accounts.
Confirmation time and Settlement availability. Payment confirmation occurs in real time after the payment is made by the Customer, with funds available to be settled to the Merchant 3 (three) days after the payment confirmation occurs.
Colombian Payment Methods (Colombia)
PSE
Description. Pagos Seguros en linea is a payment button developed by ACH Colombia. ACH Colombia is an Automated Clearing House that monitors and controls the automated exchanges between banks and financial entities. PSE is a debit from Customer's bank account (Cuenta de Ahorro or Cuenta Corriente). It works with 17 financial institutions in Colombia and has access to more than 18 million bank accounts.
Confirmation time and Settlement availability. Payment confirmation occurs in real time after the payment is made by the Customer, with funds available to be settled to the Merchant 8 (eight) days after payment confirmation
VIA Baloto
Description. VIA Baloto is the most well-known lottery house in Colombia that offers payment services through its more than 9500 stores, covering 85% of the population. When choosing Baloto as a payment option, Customer will receive a voucher reference number that can be paid at any Baloto store in cash. All payments made through Baloto must hold a transaction limit of the amount in Chilean pesos equivalent to 1,000,000.00 Colombian Pesos.
Confirmation time and Settlement availability. Payment confirmation occurs up to 30 (thirty) min after the payment is made by Customer, with funds available to be settled to the Merchant 6 (six) days after payment confirmation.
Credit Card
Description. EBANX acquiring services allow the Merchant to accept Credit Card transactions and funds available at once.
Confirmation time and Settlement availability. Payment confirmation occurs in real time after the payment is made by the Customer, with funds available to be settled to the Merchant every 15 (fifteen) days.
Ecuadorian Payment Methods (Ecuador)
SafetyPay
Description. SafetyPay is an offline payment method. Customers can generate a coupon that can be paid in cash at any of the affiliated stores or online with internet banking.
Confirmation time and Settlement availability. Payment confirmation occurs on real time, with funds available to be settled to the Merchant 2 (two) days after the payment confirmation occurs.
Mexican Payment Methods (Mexico)
OXXO
Description. OXXO is a chain of convenience stores from Mexico, with over 11,000 stores. It is the largest chain of this kind of stores in Mexico. When choosing OXXO as a payment option, the Customer will receive a barcode voucher to print and hand in at any OXXO store to pay in cash. OXXO is a payment method free of risks of chargebacks and fraud. All payments made through OXXO mandatorily have a transaction limit of 10,000 (ten thousand) MXN, equivalent to US$ 650 (six hundred and fifty US Dollars).
Confirmation time and Settlement availability. Payment confirmation occurs in 1 (one) business day after the payment is made by the Customer, with funds available to be settled to the Merchant every following Tuesday after payment confirmation.
Credit Card
Description. EBANX acquiring services allow the Merchant to accept Credit Card transactions. All payments made with Credit Cards mandatorily have a transaction limit of the local currency’s equivalent to US$ 3,000 (three thousand US Dollars).
Confirmation time and Settlement availability. Payment confirmation occurs from 0 (zero) up to 5 (five) hours after the sale and funds are available to be settled to the Merchant 8 (eight) days after the payment is confirmed.
Debit Card
Description. Debit Card is a real-time payment method. Payments with Debit Card are transferred electronically from the Customer’s bank account to the designated bank account.
Confirmation time and Settlement availability. Payment confirmation occurs in real-time with funds available to be settled to the Merchant 8 (eight) days after the payment is confirmed.
SPEI (Sistema de Pagos Electronicos Interbancarios)
Description. SPEI is a bank transfer payment method. Customer can make a bank transfer from his online banking to a designed bank account from EBANX.
Confirmation time and Settlement availability. Payment confirmation occurs on real time, with funds from his online banking to a designed bank account from EBANX available to be settled to the Merchant 1 day after the payment confirmation occurs.
Paynet
Description. Paynet is an offline payment method. The customers can generate a coupon that can be paid in cash at any of the affiliated stores.
Confirmation time and settlement availability. Payment confirmation occurs in real time, with funds available to be settled to the Merchant in D+3.
Mexican Payment Methods (Mexico)
Pago Efectivo
Description. EBANX acquiring services allow the Merchant to accept Credit Card transactions. All payments made with Credit Cards mandatorily have a transaction limit of the local currency’s equivalent to US$ 3,000 (three thousand US Dollars).
Confirmation time and Settlement availability. Payment confirmation occurs from 0 (zero) up to 5 (five) hours after the sale and funds are available to be settled to the Merchant 8 (eight) days after the payment is confirmed.
SafetyPay
Description. SafetyPay is a real-time payment solution that enables customers to pay directly through their online bank account or in cash at the bank agency.
Confirmation time and Settlement availability. Payment confirmation occurs in real time with funds available to be settled to the Merchant 8 (eight) days after the payment is confirmed.
Credit and Debit Card
Description. EBANX acquiring services allow the Merchant to accept Credit and Debit Card transactions.
Confirmation time and settlement availability. Payment confirmation occurs in real time after the payment is made by the customer.