Efecty

#Bill payment#Cash In

Efecty is a very popular payment method in Colombia. It is a cash payment network, where users can make payments at over 9,000 Efecty points of sale throughout the […]

Certified payment providers 3
Market coverage 1
  • Colombia
Currencies 1
  • Colombia Peso
Description

Efecty is a very popular payment method in Colombia. It is a cash payment network, where users can make payments at over 9,000 Efecty points of sale throughout the country.

To use Efecty, you first need to select this payment option when making a purchase online or when making a payment at a physical point of sale. Then, you will need to provide the payment reference number, which will be given to you by the merchant or recipient.

Once you have provided the payment reference number, you can make your cash payment at one of the Efecty points of sale. You will then receive a receipt confirming your payment, which you can keep as proof of payment.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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