Payco - BETA
This payment method is currently available in beta testing program. Please reach out to your Airwallex account manager or support@airwallex.com if you'd like to join the beta.
Gain access to shoppers through Payco
Payco is an e-wallet payment method in South Korea that allows shoppers to make purchases with credit cards and debit cards linked to their Payco accounts.
Payment method properties
| Features | Payco |
|---|---|
| Payment type | E-wallet |
| Available for businesses registered in | AU, SG, HK, EU, UK, US |
| Activation time for onboarding | 7-14 days |
| Shopper regions (typically used by payers from) | KR |
| Processing currencies | KRW |
| Settlement currencies | Will be settled in your default settlement currency. |
| Settlement schedule | 8 business days |
| Minimum transaction amount | 100 KRW |
| Maximum transaction amount | 2,000,000 KRW |
| Session timeout | 30 minutes |
| Recurring Payment | ⛔ |
| Refunds | ✅ |
| Partial Refunds | ✅ |
| Disputes (chargebacks) | ✅ |
| Placing a hold (delayed/manual capture) | ⛔ |
| Descriptor (what the payer will see in their transaction history) | Your registered business name |
| Payments for Platforms support | ✅ |
Choose the integration method that best suits your needs
Airwallex has built a range of client-side integration methods that allow you to manage your UI, minimize your implementation effort, and allow you to get to market quickly.
| Online payments via your own website/app | Online payments via ecommerce plugins | Payment links & Invoice Integrations |
|---|---|---|
| ✅ Hosted Payment Page ✅ Drop-in Element ✅ Embedded Elements ✅ Mobile SDK ✅ Native API ⛔ Subscription APIs |
✅ Shopify ✅ WooCommerce ⛔ Shopline ⛔ ShopLazza ⛔ Magento |
✅ Payment Links ⛔ Xero Invoice |