What is Farmacias del Ahorro?
Farmacias del Ahorro is a cash-based online payment method in Mexico. Administered through a popular network of Mexico pharmacies, it allows online shoppers to check out by selecting Farmacias del Ahorro as the payment method.
The shopper then receives an instant voucher with the transaction amount and specific payment reference, after which they can pay the voucher in cash at one of the Farmacias del Ahorro stores or online.
Once the payment is matched to the initial checkout, the merchant gets paid and can ship products or provide services.
Why do merchants and consumers use Farmacias del Ahorro?
With a population of nearly 130 million, Mexico is the third-largest country in North America and boasts a rapidly growing e-commerce landscape. This makes Mexico an attractive location for online merchants – but in order to reach Mexican customers, e-commerce businesses must be prepared to offer sufficient local payment method options to appeal to the market.
With many Mexicans not having access to credit or debit cards or banking products, Farmacias del Ahorro allows merchants to tap into this substantial segment of online buyers. By implementing Farmacias del Ahorro, merchants give customers access to online shopping opportunities through the capability to make purchases using a payment method they know and trust.
This opens the door to reaching a larger audience, engaging new customer segments, and making the checkout process as smooth and comfortable as possible.
How can merchants start accepting Farmacias del Ahorro?
The best way for merchants to offer Farmacias del Ahorro and other alternative payment methods in Mexico is to work with a payment gateway that supports this payment method. By teaming up with the right provider, merchants can offer add Farmacias del Ahorro with other payment methods at checkout and gain a stronger foothold among customers in Mexico.