Online payment method for bank account holders
SafetyPay, a technology company focused on
financial services, seeks to develop
alternative payment solutions in cash or bank
transfer for all sales channels, including web,
mobile or call centre with real time
confirmation. Launched in 2007, it
is available in Latin America, the United
States, Europe and Canada. SafetyPay is
accepted by thousands of merchants in
dozens of countries around the world. Over
1.1 billion people can use SafetyPay to shop
SafetyPay helps protect consumers and merchants from fraud and identity theft. Consumers never share personal financial information, like credit card numbers, with merchants or SafetyPay when they check out using SafetyPay. Since SafetyPay never collects, sees or stores financial information, opportunities for fraud or identity theft are eliminated. The only time consumers enter any login information is when they log into the secure online banking platform of their bank. Transactions and payments are conducted in the local currencies.
How SafetyPay Works
Bank Transfer and Cash Payments
Bank transfer: when checking out, consumers choose SafetyPay as their payment method. They are redirected to the online banking environment of their own bank, where they securely enter their bank account information and approve payment. Finally, the merchant receives a payment notification and the transaction is complete.
Cash payments (through multiple service channels such as e-commerce or via call center): when checking out online or on the phone, consumers choose SafetyPay as their payment method and their preferred currency. They are then provided a unique payment code, which they can take to one of SafetyPay’s local payment partners, often a local bank.
South America: Brazil, Chile, Peru, Colombia, Ecuador
Central America: Costa Rica, Mexico, Puerto Rico (only cash), Panama, Nicaragua, Honduras, Dominican Republic, Guatemala, El Salvador
North America: Canada (only cash), USA (only cash)
Europe: Austria, Germany, Spain, Belgium, the Netherlands, Italy, Portugal (only cash)