Cash & vouchers · On request
Efecty
Efecty is one of Colombia's biggest cash payment and money transfer networks, with thousands of points in cities and towns across the country: the checkout issues a payment code with the amount and an expiry date, the payer pays it in cash at an Efecty point, and the provider confirms once Efecty reports the payment, within hours. There are no chargebacks, and the payer needs neither a card nor a bank account.
Key facts
- Countries
- Colombia
- Currencies
- COP
- Operations
- Pay-in
- Settlement
- T+1
- Chargebacks
- not possible
How a payment goes through
- 1The checkout issues a voucher or slip with a code
- 2The payer pays it at a bank, shop, kiosk or in an app
- 3The provider confirms the payment, usually within a business day
- 4Webhook to the merchant; expired vouchers are cancelled
How a payment goes through
- The checkout issues an Efecty payment code with the amount, the reference and the expiry date.
- The payer takes the code to any Efecty point and pays in cash at the counter.
- Efecty reports the payment and the provider confirms, within hours.
- Tranzify writes the result and calls the merchant’s webhook.
Efecty against PSE and cards in Colombia
Efecty’s points, many of them small shops and kiosks, are open where bank branches are not; for an online shop the code is the way to the payer who has cash but no online banking or card.
| Efecty | PSE | Cards | |
|---|---|---|---|
| What the payer needs | cash and the code | online banking | a card enabled online |
| Confirmation | within hours of payment | seconds | at once |
| Chargebacks | none | none | scheme rules |
| Recurring | no | no | yes, with tokens |
The method is in the catalogue on request.
Who uses it
E-commerce for orders with a few days to pay, education for tuition and course fees, travel for bookings, digital goods for cash deposits. A client (a payment company) enables dLocal or EBANX for Efecty under its own contract; the integration is enabled on request.
How to connect
- 1Onboard with Tranzify and get your network, keys and back office.
- 2Enter your account with the provider in the terminal settings — Tranzify already speaks its API.
- 3Add routing rules: countries, currencies, amounts, BIN ranges, priorities and weights.
- 4Go live. Every payment, callback and retry is in the journal for five years.
Providers offering this method
On request — Request this integration
Industries
Terms
Frequently asked questions
How fast is an Efecty payment confirmed?+
Are refunds possible?+
Why offer cash in Colombia?+
Related methods
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