bank_push_mxn
Refers to payment systems where a sender (payer) initiates a payment directly to a recipient's bank account.
How It Works
- The sender uses their online banking platform or a dedicated payment gateway integrated with their systems.
- They initiate a payment by providing the recipient's bank account details (CLABE - Clave Bancaria Estandarizada, the standard bank account number in Mexico - and bank name).
- The transaction is authenticated using the sender's banking security protocols (e.g., passwords, tokens, mobile app verification).
- The funds are then directly credited to the recipient's bank account.
Payment Method type
Users can use the below payment method type to create a transaction using Bank Push in the available geography
- Mexico:
bank_push_mxn
Functionality
| Functionality | Yes/No | Description |
|---|---|---|
| Refund Support | ||
| Full Refund | ✅ | |
| Partial Refund | ✅ | |
| Generally Available | ❌ | Requires a signed declaration. Usual SLA for activation is 1 week |
| Dispute and Chargebacks | ❌ |
Limits and Expiration
The following is the upper and lower limits for Bank Push transactions:
- Minimum Limit: USD 0.5
- Maximum Limit: USD 20000
There is no default expiration for a transaction.
User Experience
Native Experience
For more details, click here
Updated 3 days ago