For local credit card processing, a Brazilian payment service provider is required
Domestic credit cards
Brazilian national credit cards
Credit cards are the number one payment method for online purchases. However, credit cards issued in Brazil, even Visa’s and MasterCard’s, are often restricted to national purchases in Brazilian Real. In addition, credit card payments with installments are an absolute must in Brazil. For both, a Brazilian payment processing partner like PagBrasil is necessary*.
Payments with installments
Brazilians are used to financing their consumption by paying in installments. These installment credits are offered and financed by the merchants. The buyer chooses the number of installments directly on the payment page and gets charged accordingly in monthly installments. Today in 75% of all online card transactions the buyers take advantage of installments credits and adding installments can boost sales by 50% or more. The preference for payments in installments is independent from the product type sold and even from the ticket size.
PagBrasil offers up to 12 installments, an advanced payout to the merchant of the entire payment amount and assumes 100% of the default risk, if a customer fails to pay any of the installments.
Credit Card labels
Visa and MasterCard are the leading credit card labels in Brazil with Amex also playing a considerable role. In addition to these labels, PagBrasil also processes Diners and the Brazilian brands Aura, Hipercard and Elo. The Brazilian banks Itaú and Bradesco own Hipercard and Elo respectively. Because of the large banks behind them, it is expected that these two labels will grow in share over the coming years.
PagBrasil offers installments for all the following supported credit card labels:
Most credit cards issued in Brazil, including Visa and MasterCard, are closed for processing with a non-Brazilian acquiring partner. As a local company, PagBrasil can process the full range of national and international credit cards for both Brazilian and foreign merchants*.
Pre-authorization and partial capture
PagBrasil also supports credit card pre-authorization and partial capture for domestic and international credit cards. Please read here for more information or consult PagBrasil’s Integration manuals.
Contact us to find out more about credit card payments in Brazil and PagBrasil’s services.