WebPay is the most common online payment method to pay by card. This is due to the fact that 1) it is one of the cheapest to install 2) it is offered by TransBank, the consortium of the main Chilean banks. It is the “web” equivalent of the “RedCompra” card readers that you see in lots of shops.No problem to use this payment method. You can pay cash or in installments (quotas). Check the interest rate in that case. In large shops, you can usually pay in up to 6 installments without interest.WebPay allows you to pay using credit or debit card. Foreign credit cards are normally allowed (if you have informed your bank that you are traveling/living in Chile before, of course). If you have a CuentaRUT, you can also use WebPay.
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The financial world moves fast. Payments power the global economy, but few truly understand how it all works. That’s where we come in. At Processing News, we don’t just report on the payments industry — we’ve built it, run it, and innovated within it.
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