What are online banking transfer payment methods?

The more Brazilian e-commerce evolves, the more solutions are created to facilitate e-commerce transactions. With that in mind, several leading Brazilian banks have created their own proprietary online payment methods. Known as online banking transfer, such methods offer online shoppers the ease of paying via bank transfer with just a few clicks. By accepting online banking transfer payments on your e-commerce store, you benefit from instant payment confirmations and zero chargeback risks. Despite the advantages, they are still relatively new for e-commerce and we are one of the few Brazilian payment service providers supporting these payment methods. Overall, buyers welcome the option at the checkout, and for some of our merchants, online banking transfer already accounts for 15% of all payment transactions. It is important to highlight that Brazilian online banking transfer payment methods require a local payment processing partner and cannot be directly contracted with a bank from abroad.

How does online banking transfer work?

Because each bank has created its own proprietary solution, the payment process can vary slightly from one to another. However, when opting to pay via online banking transfer, buyers are always redirected to the bank’s payment page to enter their internet banking credentials. After confirming the payment, customers are redirected back to your website. And you receive payment confirmation in real-time via our API.

Supported online banking transfer payments

Currently, you can have access to the online banking transfer payment methods of four major Brazilian banks:

 

Supported online banking transfer payments

Currently, you can have access to the online banking transfer payment methods of four major Brazilian banks:

 

The benefits of online
banking transfer

Brazilian online banking transfer payment methods require a local payment processing partner and cannot be directly contracted with a bank from abroad.

Risk-free

Because buyers need to enter their bank credentials to complete the payment, it is a secure payment method with no chargeback risk.

Instant payment confirmation

Payment confirmation is delivered to you in real-time via our API, which helps you initiate the delivery process and track your inventory.

Simple and
quick

The API implementation is straightforward, and you can quickly add online banking transfer to your checkout.

One API

With only one API integration, you will have access to the proprietary payment methods of the four banks supported on our platform.

Supported by e-commerce extensions

If you choose to integrate via one of our e-commerce extensions, you have easy access to all supported online banking transfer payments.