OXXO is a chain of convenience stores that began in Mexico and is popular across Latin America. OXXO provides a range of financing options that allows customers to make payments, send money to friends and family, transfer funds from a bank account to an OXXO account, and buy goods in OXXO stores.
OXXO charges merchants 2% per transaction and no monthly fees or setup costs. OXXO charges consumers 1% per transaction, which makes it an affordable way to add another payment option to your business's checkout process—especially when compared with other mobile payment options like Square or PayPal!
To use OXXO as a payment method for your business, you’ll need to sign up for an account, and OXXO will guide you through the setup process and send you the necessary hardware to work with their system.
To accept OXXO payments from your customers, simply ask them to scan the QR code on your device with their mobile phone. The transaction will be complete once they've paid and signed off on it through their mobile device.
Consumers have the option of downloading the OXXO ewallet app to their smart device; the app works with any mobile device and doesn't require any additional hardware or apps. OXXO also provides a payment card that can be used with a simple tap at the point of sale terminal.
OXXO also uses a voucher system that allows customers to make purchases online without credit. At the point of sale, they print the voucher and bring it to an OXXO-enabled location. They pay for the voucher on-site, and their online order proceeds as normal.