Local debit cards are very popular and widespread in Brazil
Domestic debit cards
Brazilian national debit cards
Debit cards, also known as check cards or bank cards, are issued by all major banks in Brazil and are therefore very popular and widespread. Debit card payments represent a stable 35% of all card payments. In terms of number of transactions, debit cards represent 50% and have recently slightly overtaken credit cards. The importance of debit cards is underlined by the fact that towards the end of the year 2013, 64% of all Brazilians over 18 years had a debit card, while 50% had a credit card. In Brazil, debit cards are called cartão de débito and are increasingly replacing other means of payment such as boleto bancário, checks and cash.
All Internet debit card payments require electronic authorization for each transaction. The online buyer is redirected to a secure authentication page where he has to enter his PIN. The debit is reflected immediately on the buyer’s account and PagBrasil confirms successful payments instantly via its API.
Advantages of debit card payments
Apart from offering an important growth potential and increase in conversions, debit cards give access to lower income classes with a smaller credit card penetration. In addition, there is practically no risk of chargebacks and debit card payments are also perceived as secure by the user. Compared to boleto bancário, the immediate payment confirmation is another advantage.
Supported debit cards
Brazilian banks issue Visa Electron, Maestro and bank proprietary debit cards. PagBrasil supports debit cards of all major Brazilian banks such as:
• Banco do Brasil
• Caixa Econômica Federal
• Banco de Brasília
• Banco da Amazônia
• Banco do Nordeste
• … and we’re continuously adding more banks
Brazilian debit card payment methods require a local payment processing partner and cannot be directly contracted with a bank from abroad.
In addition to debit cards, PagBrasil also supports online bank transfer payment methods.
Contact us to find out more about debit card payments in Brazil and PagBrasil’s services.