In this article, we will be discussing the best payment systems in South America. We will be looking at a variety of factors including ease of use, security, and fees.
Stripe
Stripe is one of the most popular payment processors in the world. It is available in over 25 countries, including Brazil, Chile, Colombia, and Mexico. Stripe has no setup fees or monthly charges. It charges a flat fee of 2.9% + $0.30 per transaction.
Balance
Balance is a Brazilian startup that offers online payments solutions for businesses of all sizes. It has no monthly fees or minimums and charges a transaction fee of 2.99%. Balance also offers a discount for businesses that process up to R$1,000 per month.
Blockonomics
Blockonomics is a cryptocurrency payment processor that allows users to easily accept Bitcoin payments on their websites. It charges a flat fee of 0.5% on all transactions, making it one of the most affordable solutions available in South America.
Google Wallet
Another popular choice among businesses in South America is Google Wallet. This online payment platform offers merchants low processing fees and easy integration with existing websites and apps. Additionally, Google Wallet supports many other digital currencies beyond Bitcoin, including Ethereum and Litecoin.
Paytm
Paytm is an Indian digital wallet and payments company. It was founded in 2010 and has since then grown to become one of the largest payments processors in the world. Paytm charges a flat fee of 2% on all transactions.
Amazon
Amazon is the largest online retailer in the world and also offers a payment processing service called Amazon Payments. This solution is available in over 100 countries, including Brazil, Argentina, and Venezuela. Fees vary depending on the country but are generally around 2-3%.
PayPal
PayPal is one of the most well-known online payment solutions with over 200 million users worldwide. It is available in 202 countries, including all of South America. PayPal charges a variable fee of 2.9% + $0.30 on credit and debit card payments.
Payoneer
Payoneer is another popular payment processor in South America. It offers low rates, a wide range of payment options, and 24/7 support via phone and email. Overall, Payoneer is a great choice for businesses looking to accept payments online.
BlueSnap
BlueSnap is a global payment processor that offers a wide range of features for businesses of all sizes. It supports over 130 currencies and provides fraud protection and 24/7 customer support. Fees start at 2.9% + $0.30 per transaction.
Razorpay
Razorpay is an Indian digital payments company founded in 2014. The company offers a wide range of features, including online invoicing, recurring payments, and 24/7 customer support. Razorpay charges a flat fee of 2% on all transactions.
Conclusion
There are many great payment processors available in South America. Stripe, Balance, Blockonomics, and Google Wallet are just a few of the most popular choices. Each one has its own strengths and weaknesses, so be sure to choose the one that is right for your business. Thanks for reading!