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NAVER Pay

NAVER Pay is a mobile payment service underpinned by South Korea's search engine giant NAVER. Launched in 2015, NAVER Pay is the second mobile e-wallet launched by the internet company NAVER Group after Line Pay.

After creating a NAVER Pay account, users can bind bank cards, transfer money, and complete online and offline purchases. Furthermore, users can earn NAVER Points by using NAVER Pay for payments and joining other activities. They can then use those points to enjoy discounts on future payments.

Properties

The properties of the NAVER Pay payment method are shown in the following table:

Payment type

Alipay+ payment method

Funding source

Wallet balance, Cards, Points, Bank account

Acquirer

AlipaySG, AlipayEU,

AlipayUS, AlipayUK

Acquiring region

SG, AU, HK,

US, EU, UK

Payment flow

Redirect

Checkout Payment

✔️

Buyer country/region

South Korea

Auto Debit

✔️

Fund deducted

Real-time

Refund

✔️

Processing currency

KRW

Partial refund

✔️

Minimum payment amount

100 KRW

Chargeback/Dispute

Maximum payment amount

For high-risk merchants: 2,000,000 KRW per day, 500,000 KRW per transaction.

For non-high-risk merchants: unlimited if paying with Credit Card or balance payment

Refund period

365 days

Note: Wallets might change the transaction limit according to internal reasons such as risk policy. For high-risk merchants with cards funding source enabled, both wallet and card companies transaction limit apply to the merchants.

User experience

The section is the payment experience of NAVER Pay in different scenarios.

NAVER Pay in the App

The following screenshots show the journey of paying with NAVER Pay in the app:

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Figure 1. Payment process with NAVER Pay in the app

NAVER Pay by logging in to an account

The following screenshot shows the journey of paying with NAVER Pay by logging in to an account:

NaverPay-H5-cashier(已Login).png

Figure 2. Payment process with Naver pay by logging in to an account

NAVER Pay by Auto Debit

Buyers need to complete the authorization and binding of their NAVER Pay accounts before using Auto Debit.

The following screenshot shows the journey of the account login, authorization, and binding:

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Figure 3. Payment process with NAVER Pay by Auto Debit