We know you need a reliable option to accept bank transfers or credit/debit card sales over the internet, so we set out to gather 8 of the best methods/platforms to receive online payments if you are in Latin America and have an eCommerce made in WordPress.
MercadoPago
PayPal
PayU
Skrill
Stripe
2Checkout
Ingenic
Mangopay
MercadoPago
MercadoPago is the online payment platform created by the eCommerce giant Mercado Libre. You can use it to offer the payment methods your customers want:
? Visa, Mastercard and American Express cards.
? Cash payments in stores.
? Bank deposits and transfers.
? Money in Mercado Pago.
? Wallets like PayPal.
The advantage of MercadoPago is not only that it is backed by a reliable and well-established company, but it also allows unbanked people to make purchases in your virtual store.
As it is a multinational tool, we share with you the MercadoPago links from different countries: Argentina , Chile , Colombia , Mexico and Peru .
PayPal
Without a doubt the most popular and well-known platform. If you sell through a website, PayPal is very easy to integrate.
The experience is very simple from the moment you enter their website, where you can create a business account by choosing: through which channels you want to receive online payments (website, email, social networks, marketplace, etc.) and what is the monthly sales volume that you estimate to receive online.
And it's a great platform because 51% of consumers trust businesses that accept costa rica business email list PayPal more , according to research by Ipsos MORI CO2.
If you want to find out how to integrate this famous platform into your digital store and find out the integration fees/details in your country, we share with you the links of the main Latin American countries:
Argentina: Official website and guide to adding the PayPal button to your site .
Chile: website .
Colombia: website and integration portal .
Mexico: official website + WooCommerce integration site .
Peru: official website .
PayU
PayU stands out for offering local payment processing in each of the markets where it is present. In Latam, it is also present, as are MercadoPago and PayPal, in Argentina , Brazil , Chile , Colombia , Mexico , Peru and more.
No matter the size or economic activity you are engaged in, whether you are in the entrepreneurial stage or have been in the market for years, you can use PayU by downloading and using its plugin for WooCommerce by integrating it into your open source shopping cart.
Skrill
Skrill is a digital wallet that allows you to transfer and receive money securely. And although its main service is focused on transfers between people, it also has an advanced payment solution for businesses .
In general, the platform has a good reputation, but it is important – as with any other – that you confirm that it has coverage in your country and consider the commissions generated in each transaction.
Skrill is a means of receiving online payments
Source: Skrill Fees
Stripe
From startups to large enterprises, many use Stripe to accept payments, send transfers, and manage their online business activities.
It accepts over 135 currencies and payment methods, and is in 43 countries with local capacity to accept transactions. However, in Latin America it is only found in Brazil and Mexico, so this is something you should take into account.
Stripe has low fees, you can host the tool on a payment page outside your website that will adapt to your customer's location and form, or you can design your own payment form on your website, and most importantly, it keeps your earnings safe because it complies with US and European regulations so that users' personal information is encrypted.
Find out all the information you need on their website, and here you can find everything about the alliance between Stripe and WordPress.
2Checkout
Although its website is in English, 2checkout is a company that allows you to process payments globally. In fact, it has coverage in more than 200 countries, accepts more than 45 payment methods, is available in more than 30 languages and handles more than 100 types of currencies.
And how do you get paid for the sales you help process? By wire transfer, ACH transfer, PayPal, Payoneer, or in one of these three currencies: US dollars, Euros, or British pounds.
You can visit 2checkout.com/global-payments to search for your country and see the payment methods you can accept. Here is an example from Colombia:
