PagBrasil Offers Faster Boleto Payments, Refunds
Oct. 14, 2014
PagBrasil, a Brazilian online payment gateway provider has unveiled what it is calling an enhanced version of the popular Brazilian online payment method boleto bancário. PagBrasil said Boleto Express enables boleto payments, but also provides for an easy way to offer refunds and offers faster settlement.
“Our intention was to create the best solution for merchants and Brazilian buyers,” said Alex Hoffmann, co-founder and CEO of PagBrasil. “We believe that Boleto Express, in combination with enhanced functions such as defining the boleto expiration period individually for each boleto, is the best solution available on the market today. Increased customer satisfaction, reduced customer support cases and faster payment flow are the key advantages.”
Hoffman noted that credit and debit cards are gaining favor in Brazil, but boleto still accounts for a third of all online payments in the country. Also, if Brazilian consumers want to make purchases from a merchants based outside the country using a credit card, it must be enabled for international transactions, which many are not.