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 users 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.
Countries
Colombia (CO)
Currencies Colombian Peso (COP)
Min amount 1000 COP Recurring No
Refund Yes
Partial refunds Yes
Multiple partial refunds Yes
Chargeback No
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: Consumers select Efecty as their payment method during an online purchase.
- Transaction information: Necessary information for the transaction is input by the consumer.
- Invoice generation: The system generates an invoice along with a unique payment reference number.
- Cash payment: Consumers complete the payment in cash at any Efecty service point.
- Payment confirmation: Upon payment, the merchant receives transaction confirmation.