PayPhone Wallet
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In Ecuador, PayPhone Wallet has a market share of up to 80%, according to SAGSE Latam. For the past year, PayPhone Wallet has been among the top 15 financial apps downloaded from iOS. PayPhone Wallet is used by the top 5 merchants in Ecuador. With the PayPhone Wallet payment method, you can accept payments from your customers by using Payment Page and Gate and perform payouts to them by using Gate and Dashboard. Download the logo in the vector format here. |
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| Payment method type | E-wallets |
|---|---|
| Countries and regions | Ecuador |
| Payment currencies | USD |
| Payment amount limits | Contact your key account manager at Monetix for details. Also you can check the payment amount limits in your project by using Dashboard. |
| Payment processing time | Contact your key account manager at Monetix for details. |
| Currency conversion | On the Monetix side |
| Purchase |  |
| Payout | |
| Stored credentials payments |  |
| Refund | |
| Onboarding and access fee | Contact your key account manager at Monetix for details. |
Operations support
| Interfaces | |||
|---|---|---|---|
| Payment Page | Gate | Dashboard | |
| Purchase | | | |
| Payout | | | |
You can check the payment amount limits in your project by using Dashboard. To check your payment amount limits, go to Dashboard, select the Projects section, and then click the Payment methods tab.
Payment scenario
Depending on the operation type, the payment scenario in the PayPhone Wallet method may be one of the following:
- When making a purchase, the customer is redirected to the provider service where they make a purchase.
- When receiving a payout, the customer initiates a payout and then just waits for the funds to be credited to their account. The customer themself doesn't participate in the payout processing procedure.