Cash-based vouchers
Whether by cultural preference or need, cash-based payments and vouchers have always been very popular in rising markets. Besides being safe and chargeback free, vouchers are convenient since customers can complete online purchases in-person at authorized locations or electronically, through internet banking, for example.
Enable the best cash-based vouchers in growing economies and benefit from superior conversion rates
Cash-based voucher payments available
Global businesses were able to increase their voucher conversion rates by an average of +27 percentual points due to EBANX exclusive voucher redesign, based on customer behavior and preferences
Vouchers
A traditional payment method in Latin America
Cash-based voucher payments are popular and traditional alternative payment methods for Latin Americans. Although they seem to be reaching a plateau in digital commerce in Latam, vouchers are still strong in Latam.
Share of cash payments in e-commerce, 2022
Source: AMI (Americas Market Intelligence)
How cash-based vouchers work
EBANX voucher offer
Learn about Efecty
Efecty is the leading voucher and cash-based method in Colombia with over 10,000 payment locations which covers 99% of all country's municipalities. Growing 17% yearly since 2020, voucher payments are already the fourth most used payment method in Colombia's digital commerce.
Specs
Countries available:
Currencies accepted:
COP (Colombian Peso) - can also have settlements in USD via EBANX
Cross border availability:
Yes
Payment confirmation:
Real-time
Recurring payments:
N/A
Installments availability:
N/A
Refunds:
Yes
Learn about ServiPag
ServiPag is a leader local payment platform in Chile that processes an average of 9.6 million transactions per month and counts with 16% of Chile's population as users in 2022. It has bank transfer, voucher, and other payment methods available, besides accepting both physical and online transactions.
Specs
Countries available:
Currencies accepted:
CLP (Chilean peso) - can also have settlements in USD via EBANX
Cross border availability:
Yes
Payment confirmation:
Real-time
Recurring payments:
N/A
Installments availability:
N/A
Refunds:
Yes
Learn about Multicaja
Formerly named Multicaja, Klap is a cash collection network with 4,700 physical payment centers across the country. This payment method is responsible for more than 115 million annual transactions and, besides voucher payments, accepts bank transfers and card payments including Visa and Masetercard.
Specs
Countries available:
Currencies accepted:
CLP (Chilean peso) - can also have settlements in USD via EBANX
Cross border availability:
Yes
Payment confirmation:
Real-time
Recurring payments:
N/A
Installments availability:
N/A
Refunds:
Yes
Learn about Sencillito
Sencillito is a popular payment method used by the Chilean population to pay for their day to day expenses. It generates a voucher which can be paid at any of Sencillito's 2,500 physical locations with cash, Khipu (bank transfer), or with Webpay or HITES (cards).
Specs
Countries available:
Currencies accepted:
CLP (Chilean peso) - can also have settlements in USD via EBANX
Cross border availability:
Yes
Payment confirmation:
D+1
Recurring payments:
N/A
Installments availability:
N/A
Refunds:
Yes
Learn about Pago Efectivo
PagoEfectivo is the fastest growing and the third most used payment method in Peru's digital commerce with a 2020-2022 CAGR of 105% and 18% of the total payments share. Owned by Paysafe, it generates a code for the purchase upon selection. The customer can use this code to pay via online banking or via voucher physically at one of the thousands of Pago Efectivo's affiliated payment centers.
Specs
Countries available:
Currencies accepted:
PEN (Peruvian Sol) - can also have settlements in USD via EBANX
Cross border availability:
Yes
Payment confirmation:
Real-time
Recurring payments:
N/A
Installments availability:
N/A
Refunds:
Yes
Learn about SafetyPay
SafetyPay operates the largest bank network and cash collecting venues in Latin America. It is currently present in 16 countries, has 380 partnered banks, and has a staggering 180,000 collecting venues. SafetyPay is tailored for voucher/cash or bank transfer with D+1 and real time confirmation respectively. You are able to offer this payment method in Peru (SafetyPay's largest market share) and Ecuador through EBANX.
Specs
Currencies accepted:
PEN (Peruvian Sol) and USD (Ecuador) - can also have settlements in USD via EBANX
Cross border availability:
Yes
Payment confirmation:
D+1 (voucher), Real-time (online bank transfer)
Recurring payments:
N/A
Installments availability:
N/A
Refunds:
Yes
Learn about PagosNet
PagosNet is a payment method tailored for digital commerces in Bolivia. It is part of Sintesis, Bolivia's biggest cash-based payment platform, which, by 2021, grabs 55% of the country's digital commerce voucher payments. Customers can pay their purchases via cards, digital wallets, bank transfers, QR Codes, or voucher/cash in one of the 1,600 payment centers where PagosNet is accepted.
Specs
Countries available:
Currencies accepted:
BOB (Boliviano) - can also have settlements in USD via EBANX
Cross border availability:
Yes
Payment confirmation:
Real-time
Recurring payments:
N/A