In Brazil's roughly $50 billion e-commerce market, account-based payments are split mainly between Pix and bank-button transfers. Santander Brasil occupies a unique position as part of a global banking group that has also become a major local Brazilian bank, with a strong base of urban payroll-account holders and auto-finance customers. It offers a touchpoint with shoppers whose purchase decisions are influenced by trust in an internationally recognized bank.

Merchants selling products with strong demand among urban salaried workers, such as auto accessories, electronics, or subscription services, or those with a customer base that favors European brands, may find it worthwhile to include the Santander button in their bank-payment lineup. Since a single bank button only covers that bank's own customers, it should be deployed alongside Itaú and Bradesco buttons and Pix.

When a consumer selects Santander as the payment method, they are redirected to Santander online banking login. Once identity verification is complete and the consumer approves the pre-filled transfer details, the payment is finalized. Because approval notifications are sent in real time, merchants can proceed with shipping or service delivery immediately. Hecto Financial receives the funds in BRL, converts the currency, and settles the amount in whichever currency—USD, KRW, or JPY—is specified in the contract.

Through Hecto Financial, merchants in Korea can consider adopting this payment method without needing a separate partnership with Santander Brasil. Since this method is limited to Santander account holders, discussing your entire bank-button portfolio alongside Pix during consultation can help maximize account-payment coverage.

• Country of business registration

  Confirm contract eligibility for businesses registered in Korea

• Sales channels

  Integration method and priority vary depending on your online sales channel mix—own store, open marketplace, mobile app, etc.

• Product categories

  Check in advance whether your products fall under categories restricted by Santander's merchant policy

• Local regulatory compliance

  Confirm compliance with Brazil's payment and foreign exchange regulations (see official sources below)

Revenue from Santander transfers is received in BRL, converted, and then paid out to merchants in Korea in the contracted settlement currency—USD, KRW, or JPY. Refunds are processed as return transfers to the consumer's account. Brazil's Consumer Protection Code (CDC) grants a 7-day withdrawal period, so merchants should have a return process ready to handle such requests promptly.

• Central Bank of Brazil (Banco Central do Brasil)Official information on Brazil's payment system and related regulations. If this page's content differs from actual regulations, the official source takes precedence.