Accepting Elo Card with Rapyd

Elo Card: A Popular Payment Method for Reaching Brazilian Markets

Elo is a Brazilian national financial services corporation that offers a range of card options including credit, debit, and prepaid cards. Founded in 2011 by Banco Bradesco, Banco do Brasil, and Caixa Econômica Federal, Elo has rapidly become one of the major domestic card brands in Brazil. With over 120 million cards issued, Elo supports transactions in the Brazilian Real (BRL) and is accepted internationally through the Discover Network.

How Does Elo Work?

Elo cards can be used for various transactions, including:

• In-Store Purchases: Tap, swipe, or insert the Elo card at point-of-sale terminals.
• Online Shopping: Enter card details to complete purchases on e-commerce websites.
• ATM Withdrawals: Use the card to withdraw cash from ATMs.
• Contactless Payments: Tap the card on NFC-enabled terminals for quick payments.

Elo cards also support instalment payments, allowing customers to spread the cost of purchases over several months, a feature particularly popular in Brazil.

Features and Benefits of Accepting Elo Card

Elo cards offer numerous features and benefits for both consumers and businesses:

Features:

• Wide Acceptance: Accepted across Brazil and internationally via the Discover Network.
• Multiple Card Types: Credit, debit, and prepaid options to cater to different customer needs.
• Instalment Payments: Flexibility to pay in instalments, enhancing purchasing power.
• Contactless Payments: Fast and secure transactions with NFC technology.

Benefits:

• Increased Sales: Offering Elo as a payment option can attract more Brazilian customers.
• Payment Guarantees: Reduced risk of payment disputes and chargebacks.
• Customer Convenience: Flexible payment options and wide acceptance improve the shopping experience.

Start Accepting Elo with Rapyd

Integrating Elo into your payment options with Rapyd is straightforward, here’s some things to know:

Supported Countries and Currencies: 

• Countries: Brazil
• Payment Type: Card
• Currencies: BRL

Key Details: 

• Refundable: Yes
• Disputable: Yes

Here’s How to Get Started:

1. Contact Rapyd: Reach out to Rapyd to discuss your payment needs and start accepting Elo Card along with many other popular alternative payment methods.