Payment Method Guide

Discover the diverse payment methods and options you can offer shoppers globally with Digital River.

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Payment Method Guide Payment Methods

All Payment Methods for South Korea: Bank Transfer

Bank transfers are a popular, cost-efficient payment method leveraged around the world. They allow shoppers to make payments online directly from their bank account to a merchant’s bank account. Bank transfers are typically processed within 3 to 4 business days and are limited to bank accounts within the same country, with the exception of SEPA (Single Euro Payments Area) where shoppers are able to leverage bank transfers across countries in Europe. Most often bank transfer payments are used by shoppers to pay bills.

Online Banking Bank Transfer

Available with Digital River in 7 Countries/Territories

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Processing Currencies

Available currencies will depend on the payment method provider, as well as any regulatory restrictions. The currency capabilities with restrictions are indicated with an asterisk (*) below.

Customer Experience

The payment flow that the shopper experiences using this payment method.

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Payment Type

Bank Transfer

Online banking payments, also known as bank transfers, allow shoppers to pay merchants directly from their bank account. This is a popular payment method in countries where online credit card usage is low. Digital River has established connections to a variety of banks globally along with popular global bank transfer solutions like iDEAL and SOFORT.

Payment Details

Key Benefits Leverage online banking to reach shoppers less likely to leverage credit and credit cards. How it Works

Shopper selects Online Banking at checkout, enters billing information, then selects ‘Continue’. Shopper must then verify the billing information and agree to the terms and conditions before submitting the order. Then the shopper receives a ‘Thank You/Confirmation’ page with instructions on how to complete the payment.

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