Efectivo
Efectivo is an alternative, cash-based payment method for merchants located in Latin America.
Customers can pay merchants with cash through a bank bill, or an investment instrument that has a short maturity period from 30 to 180 days. Also known as a “bill of exchange”, it is a common payment method for local and international trade.
Payment flow
- The customer inputs their email.
- After an invoice is generated by the system, the customer finishes the payment at the bank.
Efectivo
| name | description |
|---|---|
| Countries |  BR,  CL,  CR,  MX,  NI,  PE |
| Type | Cash and Prepaid |
| Processing currencies | USD |
| Supported currencies | Refer to currency codes |
| Payment confirmation time | Within 3 days |
| Payout time frame | NET 30 |
| Chargebacks | No |
| Refunds | Yes |
| Partial refund | No |
| Onboarding required | No |
| Recurring Payments | No |
| Mobile UI | No |
| Open new window | Yes |
| Min Transaction Limit | 0.30 EUR |
Available integrations:
- Merchant model.
Included with your Terminal3 Payments account.
- MOR model.