Features
- Coverage AreaCustomerMexicoMerchantGlobal
- ChannelOnline
- CurrencyConsumer CurrencyMXNProcessing CurrencyMXNSettlement CurrencyMXN
- TransactionMinimum LimitNo limitMaximum Limit10.000,00Payment Timeout5 days
- FeatureScheduled PaymentOne-click PaymentRefundsPartial RefundsMultiple Partial RefundsPayment GuaranteeRefund Risk
Why ChooseOXXO?
Mexicans pay for 6% of all e-commerce purchases using cash, a market segment worth approximately US$3 billion (PPRO Almanac).
Only 42% of the Mexican population have payments cards and 12% a credit card (PPRO Almanac). With OXXO, merchants can reach unbanked consumers.
There is a culture of ordering items via mobile and then paying for them in cash at convenience stores, with OXXO standing as the retail chain leading this method (J.P. Morgan).
How It Works?
- Merchant
01
At checkout, the consumer selects OXXO as their preferred payment method
- Payment Methods
02
A payment slip is generated containing the amount, reference number and other transaction details
- Payment Point
03
The consumer prints the slip or notes the reference number, then pays in cash at an OXXO store
- Merchant
04
Payment is confirmed