OXXO payment method is a voucher payment type offered in Mexico.
With vouchers, customers can make an online purchase, and complete the transaction in-person at authorized locations, like convenience stores. People in Mexico may prefer this method due to the absence of a bank account or credit card.
OXXO banking-like services are only available from local 6AM-10PM.
You will benefit from voucher payments if:
- You run businesses with customers that do not have cards;
- You run businesses with customers that do not have bank accounts;
- Retailers with consumers in countries like Mexico, where card authorizations rates are low and offering a backup payment option improves conversion.
Voucher is not a good fit for you if:
- You deliver goods immediately after checkout. Some customers may not complete payment and it can take one business day to receive a payment confirmation.
- You need to issue refunds. OXXO does not allow for refunds to be issued, therefore if a refund is needed, other means of payment would need to be considered.
How do voucher payments work?
- Customers book online.
- At the checkout, they select OXXO as their payment method.
- Upon continuing, they receive a voucher, and it is sent via email.
- The voucher allows customers to pay in cash for their purchase at an OXXO store.
- Customers present the voucher to the cashier at an OXXO store to make the payment.
- Once the payment is successfully made at the OXXO store:
- OXXO sends a confirmation to the payments platform.
- This confirmation is typically received within one business day, but it may take longer depending on when OXXO processes the transaction.
- The payment status will be displayed as "processing" until the payment is completed.
- If the payment is not received, the transaction will reflect as "Expired."
7. They present their voucher (take out printed).
Vouchers expire if not paid
Voucher expires after 7 days. The voucher expires at 23:59 on the seventh day after the voucher was issued, if the customer does not visit an OXXO store and pay for the voucher. OXXO can be used for reservations under 7 days, but the reservation is not confirmed until the payment is completed.
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