About PSE
PSE (Pagos Seguros en Línea) – a payment method in Colombia that allows you to pay for purchases and services directly from a bank account via online banking. During payment, the user is redirected to their bank to confirm the debit.
Advantages
Payment directly from a bank account (without a card)
Usually no fee for the user
Online payment confirmation
Works with most banks and popular services in Colombia
Disadvantages
Works only in Colombia and only in COP
Limits and availability depend on the bank
Refund/cancellation after confirmation can be difficult (depends on the merchant/bank)
How does the PSE system work?
PSE – an online payment method in Colombia from an account. During payment on the merchant’s website/in the merchant’s app, the user selects PSE, then – their bank, logs in to online banking and confirms the debit. The store receives payment confirmation.
Among the service features:
- payment directly from a bank account;
- confirmation via online banking;
- online payment for goods and services.