The following list is in alphabetical order.
#1 Epayco
Epayco is a Colombian online payment platform backed by Paypal and the local bank Davivienda. It stands out for its real-time fraud prevention system and its wide portfolio of payment methods, which range from digital wallets, such as Paypal, to the most traditional ones: cash, bank transfers and credit cards. It also stands out for its pool of services focused on online transactions. Among them, Split Payments, designed to make payments in installments, and Recaudo, designed to create a personalized payment portal.
Key points
- You can use it without a web.
- Offers free membership rate.
- Their fee is 2.68% for each successful transaction.
- Access your money in 24 to 72 hours.
- If your sales volumes are high, you can opt for the Getaway plan and have your earnings paid directly into your bank account.
- You can send personalized collection emails.
Recommended for:
- eCommerces (their system improves the user experience and measures marketing reach).
- General online business (can be used without a website).
#2 Market Payment
You probably know it as “the PayPal of Mercadolibre” and technically it is, although you can use it to pay for many other services. In fact, Mercadopago is today one of the payment gateways in telemarketing data Colombia most used by businesses thanks to its simplicity and its wide portfolio of payment methods: bank transfers, debit and credit cards, cash payments, payments with balance in MercadoPago account.
With this sales tool you can send payment links to your customers on social networks, add a payment button to your website or add a CCS code, although this last function is more focused on developers.
Your customers will also be able to pay on websites with QR codes and top up their account to pay for future purchases. The platform also offers the option of paying in installments and financing programs.
Key points
- Their rates range from 2.79 + VAT to 3.29% + VAT. The variations depend on the payment system used by the client (checkouts, payment link, cost per charge and more)
- Releases funds after the transaction authorization and verification process is complete. This can take from a few days to several weeks.
- It offers integration of online and mobile payments, recurring payment management, electronic invoicing, installment payment options and customization of the payment experience.
- It uses different tools and technologies to detect fraud, including verifying user identity, monitoring suspicious activity patterns and protecting payment data through encryption.
Recommended for:
- eCommerces. The platform is integrated with MercadoLibre and other e-commerce sites.
- General business.
#3 Open Pay
It is a payment gateway created by the BBVA Company with the aim of offering a service for beginners or newcomers to payment gateways in Colombia. They allow you to receive payments from third parties or make online transactions with credit and debit cards. It also accepts cash payments (in convenience stores) and PSE.
Its functions are also practical and diverse: dataphone, payment links, payment button, collections and personalized payments with ticket office.
Open Pay is available to process payments worldwide, meaning it can accept all major credit and debit cards such as American Express, Mastercard and Visa without charging any fees for cash withdrawals.
Key points
- For clients with accounts in other banks the commission is 2.80% + VAT and for BBVA clients it is 2.70% + VAT.
- Settles funds within 48 business hours after payment is processed.
- Detect suspicious transactions and unauthorized charges.
Recommended for:
- Business with international sales
- Online stores
#4 Oyster
Oyster offers payment processing and billing services, with a variety of options including credit and debit cards, bank transfers, cash payments at convenience stores, cryptocurrency payments and anytime payment terminals.
Its great advantage is that it makes transactions effective immediately. In addition, it provides a series of tools and services so that you can manage your transactions and payments, including sales reports, automated billing, and tools to manage subscriptions and recurring payments.
It is also attractive for users, as it offers the opportunity to request a physical Mastercard at no additional cost and 100% online, with which it is possible to purchase in almost any store.
Key facts
- Their rates range from 2.9% for card payments, up to $18 pesos for cash and SPEI payments.
- Funds settle into your bank account within 48 business hours after payment is processed.
- Their system is designed to prevent electronic fraud.
Recommended for:
- eCommerces
- Online business.
#5 PayU
PayU is an online payment processor that gives you access to a wide range of tools to process and automate online payments, from installing Open Source shopping cart plugins, receiving payment requests via social networks or email, to managing recurring payments automatically, previously approved by customers.
You can enable up to 14 different payment methods, are you frustrated by the complex user interface of your crm system? from debit and credit cards to mobile payments, bank transfers and cash (at affiliated merchants). It also offers recurring payment options and installment payments.
Key points
- Their fee is 3.49% for each successful transaction (entrepreneurs).
- You can make three free withdrawals per month, starting with the fourth withdrawal the fee will be $6,500 COP + VAT.
- Receive national and international payments.
- It uses artificial intelligence and machine learning to analyze behavioral patterns and detect suspicious transactions.
- Release your funds after the transaction authorization and verification process is complete. It may take 1-15 business days.
- It has agreements with banks (Davivienda, Bancolombia, Banco de Bogotá) and mobile payment companies such as Movii and Nequi.
Recommended for
- Businesses that sell internationally.
- Entrepreneurs.
- eCommerces.
- General business.
#6 PayZen
PayZen is a payment gateway that can be set up in three simple steps. These allow you to put order in the administration of your business based on key resources, such as: sending or generating invoices with the buyer’s data, making references for lost orders, configuring your payment type with the VAT that your company quotes and other necessary requirements.
One of its most notable functions is that it allows WhatsApp to be a kind of dataphone for customers to make payments by
that channel. It also accepts debit and credit cards, gambler data as well as cards from other popular platforms in the region, such as Nequi, Daviplata and PSE.
Key points
- Develops different payment modules for Open Source e-commerce platforms (Magento, Prestashop and more).
- Manage payments and subscriptions to collect payments.
- Your first 100 transactions are free.
- It can be integrated into the WhatsApp API through HTML codes for web and app.
- Add controls in case of suspected fraud.