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Credit cards in Brazil
Increase your credit card approval rates in Brazil with local acquiring.
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Process payments like a local
In 2020, in Brazil, a Statista research showed the online shopping revenue amounted to 24.4B, twice as much as two years earlier. Without a local payment strategy, it is almost impossible to succeed in the country since only 14% of Brazilians have access to international credit cards that are enabled to process foreign currencies.
Mastercard and Visa still dominate the market, while local credit card schemes keep growing their market share. Usage is rising firmly over the years, totaling around 100 million active credit cards.
With our local acquiring solution, your customers' credit card approval rate will increase to ever new heights.
Local acquiring
International and domestic card schemes
Transaction fee + FX
Direct connection to local acquirers, higher approval rates.
Localized UX, bringing comfort and confidence to the customer
Offer recurring billing and installments
Users see the price in any currency and pay according to their preference
Companies can reach all of the market by offering all local payment methods
International acquiring
International schemes only
Interchange fee + International acquirer fee + International service assessment + scheme standard assessment
Higher refusal rates due to the lack of customer information
Language barrier and lack of localization
No recurring billing or installments
Buyers can only in the currency from the merchant's country
Limited to a tiny part of the population and no localization
Higher tickets with installments
When using a credit card or a boleto for online purchases, Latin American e-shoppers often pay with installments due to the economic standards.
Our domestic and international credit cards partners
The best user experience with no redirection.
How it works
The customer selects Credit Cards as the payment method.
The customer fills in the Credit Card Information.
Payment confirmation is sent in real-time to the customer.
Benefits of accepting credit cards
Higher Approval Rates
Your business has better approval rates with local acquiring.
Simpler shopping experience
Support recurring payments, via card tokenization, and pre-authorization.
Diminished Chargeback risk
Count on Pagsmile technology for advanced anti-fraud strategy.
Optimized Billing Description
In order to reduce chargebacks.
Retry Logic
Advanced AI technology to augment approval rates
Onboarding
How to start
We have an easy and clear onboarding process that will set your business for success.
1
Click ‘begin’
and fill in a short form. One of our payment experts will then get in touch to understand more about your business.
2
Get set
in our test environment so you can get to know our infrastructure
3
Create account
by signing a single contract and passing our KYC and AML tests
4
Onboard
onto our platform. You’ll then be able to activate your merchants using our easy-to-use portal or via API
5
Start converting
across borders and locally with your Pagsmile-powered payment methods
6
Social media
The company PAGSMILE, with the company name PAGSMILE INTERMEDIACAO E AGENCIAMENTO DE NEGOCIOS LTDA, operates with CNPJ 23.010.551/0001-31 and has its headquarters located at Alameda Santos, 1940 - Cerqueira Cesar, Sao Paulo - SP, 01.418-102.
