Efecty
Efecty expands access to e-commerce in Colombia with a large number of cash acceptance points
Efecty
API
is a vital cash payment method for online purchases in Colombia. It is specially designed for customers without bank accounts or credit cards. Efecty is key in broadening merchants' reach in the Colombian e-commerce sector, offering over 8,000 service points for accessible cash payments.
Payment type
Cash payment
Payment flow Direct / Redirect
Countries Colombia (CO)
Currencies Colombian Peso (COP)
Min amount 1000 COP Recurring No
Refund Yes
Partial refunds Yes
Multiple partial refunds Yes
Chargeback No
Payment flow Direct / Redirect
Countries Colombia (CO)
Currencies Colombian Peso (COP)
Min amount 1000 COP Recurring No
Refund Yes
Partial refunds Yes
Multiple partial refunds Yes
Chargeback No
Principle of operation
- Selection at checkout: Customer select Efecty as their payment method during an online purchase.
- Payment initiation: Customer inputs the necessary transaction information, and the system generates an invoice with the merchant’s unique payment reference number.
- Payment confirmation: Customer complete the payment in cash at any Efecty service point.
- Merchant notification: Upon payment, the merchant receives transaction confirmation.