Payzoff has partnered with AstroPay in order to bring merchants access to more consumers in the Latin American market. While credit cards in this region are the most common form of online payments, the vast majority of these are national credit cards. For example, only 20% of consumers in Brazil have access to international credit cards, making the use of alternative payment methods vital to merchants in other countries that wish to access the growing Brazilian e-commerce market.

Latin American Consumers, Local Payments

AstroPay offers online merchants the ability to accept local payments in local currencies in Latin America, although they also allow payments by domestic credit cards. For those who don't have a credit or debit card, or who choose not to make online purchases with them, AstroPay collects payments in cash (the preferred payment method in many Latin American countries) and through online bank transfers and electronic funds transfers (EFTs).

“Local payments in LATAM, unlike in Europe and other parts of the world, are vital since the vast majority of e-commerce buyers in this region do not have an international credit card. So they end up in local and alternative payment methods, which are all offered by AstroPay.” says Diego Beinhacker, Business Development Manager at AstroPay

 Astropay covers all major countries in Latin America and has operations in Brazil, Mexico, Chile, Colombia, Argentina, Peru, Uruguay, and also in China, Turkey and India. The company offers AstroPay Card and AstroPay Direct solutions.

 AstroPay Direct

With AstroPay Direct, the shopper can pay in local currency using 130+ alternative payment methods, such as local debit and credit cards, cash, online bank transfers and electronic funds transfers (EFTs). The vast variety of payment methods allow merchants to be ahead of the competition by reaching thousands of new customers within emerging markets.

 AstroPay Card

Using the AstroPay Card, consumers in these countries purchase a prepaid card in local currency using all AstroPay available payment methods. It is not only simple, but also safe, as merchant doesn’t have access to financial or personal data of the client.

Because it is essentially a prepaid solution, there are no chargebacks to merchants for any transactions made through AstroPay, making it a very safe option for reaching consumers without credit. Depending on the country and the payment type, it can take anywhere from immediately up to 5 days to process a payment, but the vast majority is processed immediately or within the same business day.

Our partnership with AstroPay is just one more way Payzoff is making the world your marketplace.