Payco
A eWallet used in South Korea.
What is Payco?
Payco is a diverse eWallet and payments app in South Korea that offers a wide variety of services. Customers can download the Payco app on their mobile phone, and add their bank account and credit card to the eWallet. Purchases can be made with any merchant that accepts the Payco payment method.
Customers benefit from using the Payco eWallet by sending funds through peer-to-peer transactions, paying their bills and accessing electronic documents, and using investment, banking, and insurance services through Payco.
User Experience
When a customer wants to make a payment online, they will select Payco eWallet, select Place Your Order, and be redirected to Payco and confirm the payment details.
Checkout with Payco ewallet > select Place Your Order.
Redirect to the Payco ewallet landing page.
Enter the payment details.
Enter the OTP to complete the payment.
Redirect to the payment confirmation page.
Receive a payment confirmation message.
Once payment is confirmed, the page redirects to the Merchant website.
Payco Details
Details | Description |
|---|---|
Payment Method Category | ewallet |
Payment Request String | PMT = kr_payco_ewallet PMT Name = PAYCO eWallet |
Country | Republic of Korea |
Presentment Currency | KRW |
Refunds/Reversal | N/A |
Recurring Payments | No |
Disputes/Chargebacks | No |
Transaction Limits | 999,999,999 KRW per transaction (subject to issuer/user limit) |
Settlement Timeframe | 2-3 days |
Rapyd Guide | See eWallets |