Elo for Brazil
Elo Card is a local brand in Brazil and only supports local currency transactions in Brazil. It ranks third in the Brazilian market share, second only to Visa and Mastercard. Elo provides credit cards, debit cards, and prepaid cards as payment methods. Currently, over 10 million Elo cards are issued. The Elo credit card also supports installment as a payment method.
Properties
The properties of the Elo payment method are shown in the following table:
Acquirer | AlipaySG | |
Availability | Acquiring region | Singapore, Hong Kong, Australia |
User region | Brazil | |
Product features | Payment type | CARD |
Card brand | Elo | |
Payment flow | Redirect | |
Payment completion | Real-time | |
Currency | Supported currencies | BRL |
Settlement currency | USD, HKD, EUR, SGD | |
Other | Settlement region | |
Settlement cycle | T+4 | |
3D |
| |
Authorization validity period | 7 days | |
Minimum transaction amount | 0.01 BRL | |
Max transaction amount | 40000 BRL | |
Cashier Payment |
| |
Auto Debit |
| |
Multiple partial captures |
| |
Partial capture |
| |
Overdraft capture |
| |
Refunds |
| |
Partial refunds |
| |
Chargeback |
| |
Refund period | 180 days | |
Installment |
|
User experience for AlipaySG
The following screenshots show the journey of paying with Elo in different scenarios:
No installments
Payment experience: Brazilian credit card
No installment|merchant is PCI-qualified
Figure 1. Payment process with Elo (without installments and PCI-qualified)
Payment experience: Brazilian credit card
No installment|merchant is not PCI-qualified (no card binding)
Figure 2. Payment process with Elo (without installments and not PCI-qualified)
Payment experience: Brazilian credit card
No installment|merchant is not PCI-qualified (card binding: first-time payment)
Figure 3. Payment process for the first-time payment (without installments and not PCI-qualified)
Payment experience: Brazilian credit card
No installment|merchant is not PCI-qualified (card binding: second-time payment)
Figure 4. Payment process for the second-time payment (without installments and not PCI-qualified)
Installments
Payment experience: Brazilian credit card
Installments|merchant is PCI-qualified
Figure 5. Payment process with Elo (with installments and PCI-qualified)
Payment experience: Brazilian credit card
Installments|merchant is not PCI-qualified (no card binding)
Figure 6. Payment process with Elo (with installments and not PCI-qualified)
Payment experience: Brazilian credit card
Installments|merchant is not PCI-qualified (card binding: first-time payment)
Figure 7. Payment process for the first-time payment (with installments and not PCI-qualified)
Payment experience: Brazilian credit card
Installments|merchant is not PCI-qualified (card binding: second-time payment)
Figure 8. Payment process for the second-time payment (with installments and not PCI-qualified)