Elo was created by the collaboration of 3 different companies: Banco do Brasil, Caixa Economica Federal, and Banco Bradesco. Nowadays, it issues clients credit, debit, prepaid cards. Moreover, it provides additional banking services like payments in installments. The latter allows dividing the payments for online purchases over several months.The customer makes an order using the merchant’s website. At the checkout, shoppers add the payment information. The merchant’s payment gateway processes the payment and delivers a message about the result of the transaction (either a successful transfer or the payment was denied). Entering card details at the checkout will be enough to confirm the payment. Merchants can integrate this payment method into the checkout page if the payment processing provider offers this opportunity. The process will be very quick because Elo keeps up with the innovations. It offers modern banking solutions to all merchants and cardholders.
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