No, we are able to pay to bank accounts in almost all countries. We usually pay in USD, EUR, or GBP.
No, no local entity is required.
No, there is no local registration required whatsoever, with the exception of selling cross-border food products into Mexico.
To conply with anti-money laundering legal requirements, we need to review specific financial details from your organization. We will never ask for more than we need, and are very specific in the international requirements we follow.
We can move quickly (within 2 weeks) on our side. Contract initiation really depends on your ability to return the contract and key financial/company details (to comply with global anti-money laundering laws) back to us.
As soon as we decide to move ahead with a partnership, our commercial team will share with you the required details and connect you with our technical team so your developers can begin roadmapping the integration.
Yes, we also remit in EUR, GBP and AUD.
We use multiple partners. For credit cards we use local acquirers and for alternative payments we use either banks or build direct relationships with cash payment schemes.
We operate in a model similar to other PSPs. We replicate international transactions and handle them locally, to comply with the regulations in each country. We set up a back-end API integration to do so.
The fee is dependent on volume tier. It is a fixed fee on each successful transaction, and is charged to the merchant.
No fees are ever charged by epag to the users, unless expressly instructed to do so by the merchant.
Installments available depend on the country and card schema, but there is a maximum of 12 installments.
This depends on the payment method: Cash payments, such as Boleto or Oxxo are asynchronous, other methods are not.
We allow for merchants to process recurring transactions via tokenized payments whenever the payment method supports it. Epag also allows the merchant to decide whether to use tokenized transactions or one-off transactions also for regular purchases.
If the currency in which you receive funds from us (e.g. USD or EUR) is different from the currency in which we collect funds from your users (e.g. BRL or ARS), we charge a FX Fee of 3.0% on the amount we remit.
Due to fixed cost imposed by the remitting institutions, an additional charge of $79 applies for international settlements if you want us to settle an amount lower than $5,000 USD ($9 for national settlements).
Currently we support server to server integrations, made via a RESTFul API.
Hosted checkout will be released in the near future.