What is EBANX? EBANX Review

1. About EBANX

EBANX is a global fintech company with Latin American DNA. Founded in 2012, the company provides end-to-end payment solutions in the cross-border e-commerce transaction process, providing more than 100 local Latin American payment options for global merchants eager to expand around the world. EBANX has helped more than 500 merchants expand into Latin America, and more than 40 million Latin Americans have access to global services and products.

2. EBANX’s Solution

EBANX Solutions

1. Integrated solutions sold in Latin America

EBANX helps your multinational business grow faster in Latin America by providing a local payment experience and processing payments for your customers.

2. Payment method

Accept local payment methods in Latin America with EBANX.

3. Payment by voucher

Voucher payments are part of everyday life for Latin Americans. In Brazil, 15% of payments are made via Boleto, the country’s preferred voucher payment method.

Used and trusted by all Latin Americans,

No chargebacks,

Low-risk payment options,

*Please note that coupon payments (Boleto Bancário) in Brazil are only available to retailers or merchants that offer any physical goods.

4. Credit and Debit Cards

About 70% of consumers in Latin America have bank cards that cannot make cross-border payments.

Increase approval rates 2-3 times with local credit card payment processing

Supports installment payments – 80% of Brazilian e-commerce transactions

Connect with more online buyers

5. Online alternative payment

Many Latin Americans trust traditional online payment options, such as bank transfers, to pay for online purchases. However, they have several different online payment methods besides credit cards.

Increase conversions and provide a faster checkout experience

One-click payments with trust in leading e-wallets and Google Pay/li>

Connect to the most popular online banks and financial institutions

Cross-border payment methods in Latin America

EBANX offers major local payment methods to help you expand your sales in Latin America.

Bank transfers, cash vouchers and local bank cards — this is how Latin Americans pay their phone, water and utility bills. It’s also how they pay for most online purchases.

By understanding local payment practices and adding these payment methods to your Latin American business expansion strategy, you can unlock the region’s full potential and reach more customers in the region.

EBANX offers you over 100 payment methods in 8 Latin American countries.

Business goes global, payment is settled locally.

Credit and Debit Cards

Latin American cards, using local payments, installments can sell more in Latin America.

Increase your payment approval rate by up to 2x by accepting all domestic bank cards, using installment payments, and backed by our comprehensive computer-generated fraud prevention system.

Only a small percentage of Latin American bank cards can be used to purchase on international websites.

With EBANX you can sell to customers who don't have international credit cards. With local payment processing in each country, you can accept payments from domestic and international cards in Latin America.

Pay in installments and receive payment in one lump sum.

Installment payments make it easier for Latin Americans to buy high-priced products and services.

With installment payments, the total amount payable is split into monthly payments to suit all segments of the population. Increase sales with interest-free installments, and you will receive all the money immediately at once.

Bank Boleto

Without a bank boleto you will not be able to sell in Brazil.

By accepting Brazilian boleto payments, a payment method with no rejections, you can increase sales by reaching your products in Brazil.

How to pay with bank boleto?

1. The customer selects Bank Boleto as the payment method at checkout.

2. After generating a voucher with a barcode, customers can print, copy or scan the barcode with their mobile phone.

3. Customers can pay in cash at 200,000 locations, or through online banking or banking software.

4. It only takes one working day to confirm payment

OXXO

OXXO: Mexico's preferred voucher payment method

Increase your sales with OXXO, the most popular cash voucher payment method in Mexico with no rejections.

Domestic first choice

OXXO is the largest and most popular convenience store chain in Mexico, with 16,000 stores nationwide. In order to simplify the payment process in the country, Mexicans created the OXXO invoice, which is now widely used to pay monthly bills in cash, and even online shopping, transfers, withdrawals and deposits.

OXXO payment process:

1. The customer selects OXXO as the payment method at checkout.

2. A barcoded voucher will be generated and the customer can choose to print it.

3. Customers can use this voucher to pay in cash at more than 16,000 OXXO convenience stores.

4. Payment can be confirmed within one working day.

3. Development History

In 2012, EBANX was born, which completely changed the e-commerce market and enabled boleto, a common payment method in Brazil, to be used on cross-border e-commerce international websites.

In 2013, AliExpress began to offer EBANX payment solutions to its Brazilian customers.

In 2014, EBANX has launched operations in five countries (Brazil, Mexico, Colombia, Chile and Peru), helping buyers shop online using local payment methods.

In 2015, Airbnb customers also had the option to use EBANX as a payment method for checkout. EBANX reached an incredible 10 million end users.

In 2016, more than 100 cross-border e-commerce websites around the world used EBANX payment solutions, including Wish and Shopify.

In 2017, EBANX began operating in Argentina, allowing Argentine consumers to shop on international websites using local payment methods.

In 2018, with the addition of Ecuador and Bolivia, EBANX’s business has covered 8 countries and 50 million end users around the world. In addition, EBANX also raised $30 million in investment funds from FTV Capital’s US growth capital equity investment.

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