PayCo is a popular digital wallet in Korea linked directly to the user’s credit or debit card. PayCo is used by over 12 million shoppers and accepted by over 90% of Korean merchants, and allows shoppers to make in-store and online purchases, transfer funds, pay bills, and more.
How It Works
Once connected, shoppers who meet the requirements will see PayCo as an available payment method at checkout.
After proceeding with the order, the shopper will be redirected to the PayCo app where they must log in to complete the payment.
When the order is placed, it will appear in your control panel as kcp_payco (via gateway) in the Payment Method field. Orders placed using PayCo share the same fulfillment process as typical orders.
Requirements and Limitations
- Your store must meet the following criteria:
- Your store must offer KRW as an available transactional currency.
- Your store must use Optimized One-Page Checkout.
- Shopper Requirements
- Shoppers must use an address in Korea at checkout.
- Shoppers must select KRW as their transaction currency.
- Limitations
- Manual capture is not supported.
Supported Gateways
Adyen
See Connecting with Adyen for documentation on features, requirements, and setup.
- Additional Setup
- You must request the payment method to be added to your Adyen account.
- Limitations
- Recurring payments are not supported.
- Chargebacks are not supported.
