PSE
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What is PSE?
This system facilitates the transfer of funds directly from the user's bank account to the merchant's account, without the need for credit cards. PSE is widely used in Colombia and has become a preferred option for online payments due to its security and efficiency.
Benefits of using PSE
Safety and confidence
PSE is known for its high security, as transactions are made directly through the banking portals, reducing the risk of fraud. This method ensures that users' personal and financial data is protected.
Broad adoption
PSE is accepted by most banks and financial institutions in Colombia, facilitating its adoption by both consumers and merchants. It processes more than US$10 million in monthly payments, equivalent to US$120 million annually, for individuals and more than 21,000 companies.
Ease and convenience
Users can make payments directly from their bank accounts, without the need to register credit cards. This simplifies the payment process and offers greater convenience for those who prefer not to use cards.
Instant confirmation
PSE offers instant payment confirmation, enabling merchants to process orders and services quickly and efficiently, enhancing the customer experience.
PSE: The secure payment method in Colombia
How does PSE work?
The customer selects PSE as payment method at checkout.
The customer is redirected to their bank's portal for secure login.
The customer authorizes payment from his bank account.
The transaction is completed and the merchant receives an instant confirmation of payment.
Key features of PSE
Ease of use
Show your customers the nearest physical payment locations for faster payments.
Widespread accessibility
Notify your customers about the status of their payment by sending an email with the payment order created, a reminder email and a confirmation email.
24/7 availability
Offer Boleto vouchers 100% compatible with mobile devices that present only the essentials for your customers to complete their payments.
Real-time transactions
Allow your customers to pay through scannable and copyable barcode numbers.
Mobile compatibility
Add your company logo to the payment voucher and increase trust among your customers.
Improved security
Show your customers the nearest physical payment locations for faster payments.
No risk of chargebacks
Notify your customers about the status of their payment by sending an email with the payment order created, a reminder email and a confirmation email.
Digital commerce sales volume
Driving e-commerce By 2023, PSE handled 32% of e-commerce transactions in Colombia, totaling US$13.53 billion. By choosing PSE, companies can access a vast market of consumers who prefer secure bank-to-bank payments.
Improving cash flow: Companies benefit from PSE's real-time transactions, which improves cash flow management by providing immediate access to funds. This advantage helps companies reinvest quickly and pay down debts faster.
Reduced risk of chargebacks: PSE transactions are final and cannot be automatically reversed, eliminating the risk of chargebacks common to credit card transactions. This feature is particularly beneficial for businesses, ensuring that they receive and retain their payments securely.
