Chile Payment Gateway: Discover Online Solutions in Local Currency
Travel and digital goods are pushing the growth of Chilean e-commerce
Global companies selling with EBANX in Chile
Chile has the highest level of access to banking
Services in Latin America
With the most banked population among all the other Latin American countries, almost everyone in Chile has access to a debit card and a bank account, with 74.3% of its population owning a bank account. Home to about 20 million people, the country has all it takes for digital business to take off: high levels of internet penetration, access to banking services, and a thirst for digital goods since the pandemic.
+189% YoY growth: BNPL was the fastest-growing payment method in Chile in 2022, followed by account-based transfers, with annual growth of 131%.
+19% CAGR: the compound annual growth rate for Chile through 2025 is 19%.
+31% YoY growth: cross-border digital commerce sales volume in Chile in 2022.
Mobile x Desktop: Chilean shoppers bought more using mobile devices (58%) over desktops (42%) in 2022.
Retail: is the industry leader in sales volume ($18 billion in 2022), but with the slowest annual growth rate (10%). The travel and digital goods industries grew the most in 2022, 75% and 71% YoY, respectively.
Source: Beyond Borders 2022-2023
EBANX solutions
↪in Chile
Rely on an expert payment partner to internationally manage your funds in Chile, from pay-in to payout.
Pay-In
A variety of payment methods with solutions that increase your total addressable market by providing the most relevant options for digital purchases and boosting your performance in cross-border sales with a reliable global settlement network.
100+ direct connections with local acquirers
Optimized balance between approval rates and chargeback levels
Support and performance optimization on recurring payments
Unified reconciliation
Local Risk and Compliance Management
Optimized money flow considering multi-currency sales
One single and easy integration to accelerate go-live or upgrades
Exclusive and innovative technology developed in-house
Payout
Make payments to suppliers and partners in Chilean Pesos (CLP), using local payment methods. Easily add balance through wire transfer or processed amounts via EBANX.
Fast payouts with local payment methods
90% average success rates
Request single and mass payouts in 3 easy steps
Work with amounts in USD or local currency
No minimum payout amount
Customizable reconciliation and detailed reports
Payment methods in chile
Chile has Latin America’s highest level of card penetration, with around 40 million credit and debit cards issued - an average of two cards per person. However, bank transfers and digital wallets have been heavily increasing in recent years, with a 2021-2022 YoY growth of 60% and 17%, respectively.
Payments on digital commerce in Chile (2022)
Source: EBANX & AMI Datapack 2022 *Includes cash on delivery, gift cards, and other miscellaneous payment methods.
Payment methods available in Chile with EBANX
Cash-Based Payment
No
when a payment is made at intervalsYes
No
Credit Cards
Yes
when a payment is made at intervalsYes
Yes, except for Amex, Magna, Diners, CMR, and PRESTO
Debit Cards
No
when a payment is made at intervalsYes
Yes
Digital Wallets
N/A
when a payment is made at intervalsYes
No
Email payment notifications
Besides having several payment methods available in the market, EBANX also cares about your customer experience. When your customers in Chile place an order, EBANX sends a payment-created notification via email. They receive a reminder if the payment isn't made within 24 hours. Finally, after the payment is done, a confirmation message is sent by email.
Payouts in Chile available with EBANX
*Get in touch with us for restrictions or further details.
EBANX makes cross-border payments easy so you can focus on growth
Have a complete payment solution that helps your business cross borders and process international payments in Chile and 17 other countries in Latin America and Africa.
