Chile has one of the highest card penetration rates in Latin America, and debit cards make up a particularly large share of everyday consumer spending. The standard brand behind this is Transbank's Redcompra, which has traditionally grown around in-store payment networks. So it's important to understand upfront that online, Redcompra doesn't appear as an independent checkout button — it's completed as a debit card payment through Transbank's Webpay checkout.

In other words, what merchants in Korea actually need to evaluate to accept Chilean debit users is Webpay-based online debit acceptance. A significant share of Chilean consumers use only debit cards without credit cards, so for online sales aimed at a mass-market audience — everyday consumer goods, digital content, and similar categories — it's worth considering for the sake of coverage.

Online, the consumer is redirected to the Webpay checkout at the payment step, enters their debit card (Redcompra family) details, completes bank authentication, and approves the payment — after which the funds are debited from their account immediately. Once approved, Hecto Financial receives the funds in CLP, converts them, and settles in whichever contracted currency — USD, KRW, or JPY — applies. That said, online support as a standalone Redcompra brand can be limited, so it needs to be confirmed before integration.

Online acceptance of Chilean debit users can be considered through Hecto Financial, but since Redcompra isn't a standalone online checkout brand, actual integration is determined within the scope of Webpay-family online payment support. Availability and terms must be confirmed through a consultation before contracting.

• Business registration country

  Confirm contract eligibility for businesses registered in Korea

• Sales channel

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

• Product category

  Check in advance whether your category falls under restricted business types per Transbank's merchant policy

• Local regulatory compliance

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

Because of how debit payments work, funds are withdrawn from the consumer's account immediately, but merchant settlement is not made in the local currency. Hecto Financial receives the funds in CLP, converts them, and pays out in whichever currency — USD, KRW, or JPY — is set in the contract, on the cycle defined by the contract terms. Refunds are returned to the consumer's account by canceling the original transaction, and processing times can vary by bank.

• Central Bank of Chile (Banco Central de Chile) and Financial Market Commission of Chile (CMF, Comisión para el Mercado Financiero)Official information on Chile's payment systems and financial supervision. If this page's content differs from actual regulations, the official sources take precedence.