Payment processor options for your online store

When you start your ecommerce business in Costa Rica, it is important that just like in physical stores, you offer your customers different payment options for your online business. In this article you will find the most used ones, as well as learn what they are and how payment gateways work.

Online stores allow your business to sell 24 hours a day, 365 days a year, without having to worry about having salespeople or physical stores, since your customers can access your product catalog from their cell phone or computer, so it is important that your customers can use their preferred payment method securely.

Accept online store payments

In order for your website to accept credit cards in an online store, it is important that you implement a secure service so that they can pay for your products or services when they have placed them in their shopping cart.

Several companies offer us their payment gateways, which are online ways to make these transactions, either through banks or financial institutions that are responsible for accepting the customer's card numbers or their virtual wallet accounts to make transactions to our company.

These transactions take only a few seconds to complete, so for the customer, it is something immediate that helps them to process their online purchases and be able to make them efficiently and securely.

Payment provider options in Costa Rica

For your e-commerce there are 3 main options in terms of online payment platform methods.

1- Banking integration:

For this procedure you can make arrangements with the BAC or with the BNCR directly with them. They will ask for several requirements and will analyze the type of business to consider if it applies or not. Once the business is approved, the company in charge of the ecommerce development will be able to finish the technical parts of the integration.

2- PayPal:
This virtual wallet offers a system for all those customers who have a PayPal account, depositing the money in their bank account within 24 hours. In case the customer does not have an account, it is easy to create one and can link your card to it to make the payment. 

3- 2Checkout:

This U.S. company provides a very secure international payment gateway. The disadvantage is that it is limited in the types of businesses in which it can be implemented. In addition, payments arrive in the company's account 8 to 15 days after the purchase is made, which can affect cash flow. 

They have transaction fees and a fixed amount when sending money to your $15 account.

What if I don't have a payment gateway?

Whether you are in the process of implementing one or want more options for your customers, you can choose to place a zone where your bank account or mobile SINPE in the case of small transactions is displayed, which makes it easier for customers to pay through their own banks to yours.

This method has the disadvantage that you must wait for the person to make the payment and send a receipt, losing traceability at the digital marketing level, so we recommend you always opt for one of the methods mentioned above.

If you are looking for how to sell more through your website, or learn more information about payment gateways in Costa Rica, do not hesitate to contact us. We have extensive experience in the national market, as well as several successful ecommerce projects implemented in the country, for different sectors.

Write to us for more information.