Openpay Pricing & Features Overview

Overview

What is Openpay?

Openpay is the most advanced payment gateway in Mexico, offered by Openpay Group Ltd (ASX: OPY). It is a leading payments fintech company that provides smart and user-friendly solutions for both making and receiving payments. Openpay offers an omnichannel financing solution that goes beyond traditional Buy Now, Pay Later services with its next-generation “BNPL 2.0” product. This innovative product allows users to complete transactions of up to $20,000 with payback terms of up to 24 months, catering to various underserved BNPL verticals such as Automotive, Healthcare, Home Improvement, Memberships, Education, and Retail. Openpay’s products are designed to provide transparent terms, quick credit decisions, and customizable payment plans for consumers, as well as a B2B payments offering that streamlines end-to-end trade account management for merchants.

Why Use Openpay?

In the realm of payment gateways, Openpay stands out due to:

Advanced Financing Solutions: Openpay’s BNPL 2.0 product offers a comprehensive financing solution that allows users to make larger transactions with flexible payback terms, catering to a wide range of industries.
Transparent and User-Friendly Interface: Openpay provides consumers with transparent terms, quick credit decisions, and customizable payment plans, making the payment process seamless and user-friendly.
B2B Payments Offering: Openpay’s B2B payments offering simplifies trade account management for merchants, providing a streamlined solution for handling transactions and payments.
Omnichannel Capabilities: Openpay’s omnichannel approach ensures that users can make and receive payments across various channels, offering a seamless payment experience.

Who is Openpay For?

Openpay caters to a diverse range of users, including:

Consumers: Consumers looking for flexible payment options, transparent terms, and customizable payment plans can benefit from using Openpay for their transactions.
Merchants: Merchants seeking a comprehensive payment gateway solution that includes B2B payments and streamlined trade account management can leverage Openpay to enhance their business operations.
Businesses in Underserved Verticals: Businesses operating in underserved BNPL verticals such as Automotive, Healthcare, Home Improvement, Memberships, Education, and Retail can utilize Openpay’s BNPL 2.0 product to offer innovative financing solutions to their customers.
E-commerce Platforms: E-commerce platforms looking to provide advanced payment options and enhance the overall shopping experience for their customers can integrate Openpay as a payment gateway solution.

In summary, Openpay is a leading payment gateway in Mexico that offers advanced financing solutions, transparent terms, and user-friendly features for both consumers and merchants. Whether you’re a consumer looking for flexible payment options, a merchant seeking streamlined payment solutions, or a business operating in underserved verticals, Openpay provides the tools and capabilities to enhance your payment experience.

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Pricing and Features

Product Tier

Pricing

Features

Visa and MasterCard

Fee

2.9% + $2.5 MXN

Payment Notification : Real-time payment availability notification.
Interest-Free Months : Additional cost to the base amount.
3 Installments : 4.80% rate, $300 minimum amount.
6 Installments : 7.80% rate, $600 minimum amount.
9 Installments : 10.80% rate, $900 minimum amount.
12 Installments : 13.80% rate, $1,200 minimum amount.

American Express

Fee

2.9% + $2.5 MXN

Payment Notification : Real-time payment availability notification.
Processing Time : Available within 3 business days.
Interest-Free Months : Additional cost to the base amount.
3 Installments : 3.80% rate, $300 minimum amount.
6 Installments : 5.80% rate, $600 minimum amount.
9 Installments : 7.80% rate, $900 minimum amount.
12 Installments : 9.80% rate, $1,200 minimum amount.

Convenience Stores

Fee

2.9% + $2.5 MXN

Processing Time : Available within 3 business days.

Bank transfers (SPEI)

Fee

$8 MXN

Processing Time : Available within 1 business day.

All Pricing Details Here

Experience

Cancellation

Ending Your Openpay Account

As your financial preferences or payment needs evolve, Openpay understands the importance of providing a straightforward process to close your account. To ensure a smooth transition and to avoid any potential issues, please proceed to the account closure guide page linked here.

Product FAQ

What is Openpay?

Openpay is a payment platform that allows businesses to accept online payments, manage subscriptions, and automate recurring billing.

How does Openpay work?

Openpay integrates with e-commerce platforms and websites to provide a seamless payment experience for customers. Customers can securely enter their payment information and complete transactions with ease.

Is Openpay secure?

Yes, Openpay prioritizes the security of customer data and transactions. The platform is PCI DSS compliant and uses encryption technology to protect sensitive information.

What types of businesses can benefit from using Openpay?

Openpay is ideal for e-commerce businesses, subscription-based services, and any business looking to streamline their payment processes and improve customer experience.

Can customers use Openpay to make payments in installments?

Yes, Openpay offers the option for customers to pay in installments, making it easier for them to afford larger purchases and increasing conversion rates for businesses.