Top 13 Payment Gateways in Colombia That You Need To Know About

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Amount

USD

Converted to

COP

$

1

USD

=

$

1.00

COP

Mid-market exchange rate at

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Amount

USD

Converted to

COP

$

1

USD

=

$

1.00

COP

Mid-market exchange rate at

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Apr 23, 2025

Apr 23, 2025

As digital trade and fintech continue to grow, Colombia’s online businesses and exporters need payment gateways that are faster, cheaper, and built for global reach. But with so many options—and growing pressure to comply with cross-border regulations—it’s not always clear which platforms offer the right balance of speed, cost, and security.

This guide breaks down 13 of the top online payment gateways in Colombia, based on current market presence, feature set, international accessibility, and relevance for local businesses.

What Is a Payment Gateway—and Why Does It Matter in Colombia?

Think of a payment gateway as the digital infrastructure that connects a customer’s payment method to a merchant’s bank account. It handles the authorization, currency conversion, fraud checks, and settlement. For Colombian businesses—especially exporters and service providers dealing with overseas clients—this matters a lot.

The traditional banking system in Colombia often comes with long wait times, high FX fees, and compliance friction. As Colombia’s economy becomes more digitized, and cross-border commerce more common, the payment gateway you choose can shape your business’s profitability and growth.

1. Mural Pay: Built for Global B2B Stablecoin Payments

Mural Pay is included in this list as it's one of the most forward-looking platforms for Latin American businesses managing USD payments globally. Its infrastructure is particularly well-suited for Colombian exporters and service providers navigating international invoices and settlements.

Ideal for: Exporters, service providers, and tech companies with overseas clients

  • Currency support: USD, EUR + 40+ currencies via stablecoin rails

  • Key feature: Instant payouts via virtual USD accounts and stablecoins like USDC

  • Settlement speed: Near-instant (blockchain-based)

  • Fees: Low, often below 1%

  • Why it stands out: Mural Pay supports stablecoin-powered invoicing, virtual accounts, and batch payouts—making it a standout for Latin American businesses operating globally.

In Chainalysis’ 2024 report, stablecoin usage in Latin America grew by over 400% between 2021 and 2024, driven by B2B adoption.

Mural also offers KYB/KYC-compliant infrastructure and real-time reconciliation, helping Colombian businesses sidestep FX issues and slow wire transfers. For a guide to setting up USD virtual accounts in Colombia, Mural offers helpful documentation.

2. PayU: Colombia’s Longtime Payment Giant

  • Ideal for: Ecommerce platforms, marketplaces, and SMEs selling locally or regionally

  • Currency support: COP and limited FX options

  • Key feature: All-in-one platform with local bank integrations and fraud tools

  • Settlement speed: 1–3 business days (domestic)

  • Fees: 2.99% – 4.49% depending on card type and risk profile

  • Why it stands out: PayU is deeply embedded in Colombia’s banking and e-commerce ecosystem. It offers strong local onboarding and is used by many major merchants across LATAM.

3. Payoneer: Payout Platform for Freelancers and Exporters

  • Ideal for: Freelancers, agencies, and businesses receiving USD/EUR payments

  • Currency support: USD, EUR, GBP + 150+ countries

  • Key feature: Global receiving accounts and direct withdrawal to local banks

  • Settlement speed: 1–2 business days

  • Fees: ~2% FX markup, \$1.50 per local bank withdrawal

  • Why it stands out: Payoneer is widely used for payouts from platforms like Upwork, Amazon, and Fiverr. It’s a flexible alternative to traditional wire transfers for Colombian professionals.

4. Wise (Formerly TransferWise): Cross-Border Simplicity

  • Ideal for: Businesses invoicing overseas clients in multiple currencies

  • Currency support: 50+ currencies

  • Key feature: Local bank details in USD, EUR, GBP, AUD, and more

  • Settlement speed: Typically 1–2 business days

  • Fees: ~0.6%–1% FX markup + low flat fees

  • Why it stands out: Wise offers transparent pricing and strong currency conversion tools, making it a solid fit for Colombian entrepreneurs growing internationally.

5. Wompi by Bancolombia: Local Integration at Scale

  • Ideal for: Colombian businesses with strong local customer base

  • Currency support: COP

  • Key feature: Direct integration with Bancolombia accounts, recurring payments

  • Settlement speed: 1–2 days within Bancolombia system

  • Fees: ~2.85% per transaction (variable)

  • Why it stands out: As a solution built by Bancolombia, Wompi simplifies local payments and settlement for businesses already operating within Colombia’s top banking network.

6. Mercado Pago: Tied to Mercado Libre Ecosystem

  • Ideal for: Retailers selling on Mercado Libre or in Latin American marketplaces

  • Currency support: COP, ARS, MXN, BRL, etc.

  • Key feature: Easy integration for e-commerce sellers

  • Settlement speed: Varies by market

  • Fees: Varies by country, often around 4%–5%

  • Why it stands out: Strong brand recognition, buyer protection tools, and built-in fraud filters make it a common gateway for Latin American sellers.

7. Stripe (Limited Support in Colombia)

  • Ideal for: Developers, startups, and platforms operating globally

  • Currency support: 135+ currencies (but requires workarounds in Colombia)

  • Key feature: Extensive API tools, subscriptions, SaaS support

  • Settlement speed: 2–5 days (where supported)

  • Fees: 2.9% + 30¢ (standard)

  • Why it stands out: Stripe offers unparalleled customization and developer tools, but Colombian businesses typically need to register abroad to fully access its features.

8. ePayco: Domestic Payment Gateway for Colombia

  • Ideal for: Small and medium-sized businesses in Colombia

  • Currency support: COP

  • Key feature: Bank transfer, debit/credit, QR code, and local payment options

  • Settlement speed: 1–2 business days

  • Fees: ~2.99%–4.99% per transaction

  • Why it stands out: Strong local customer service and a wide range of payment options for Colombian consumers.

9. Nequi (P2P + Micro-Business Focus)

  • Ideal for: Solopreneurs, creators, informal commerce

  • Currency support: COP only

  • Key feature: Easy mobile transfers, no-fee virtual cards

  • Settlement speed: Instant (within Nequi network)

  • Fees: Minimal

  • Why it stands out: Nequi is widely used for informal and mobile-based transactions, especially among Gen Z and small vendors.

10. Daviplata (Similar to Nequi, Backed by Davivienda)

  • Ideal for: Low-income or cash-based customers, informal vendors

  • Currency support: COP

  • Key feature: Digital wallet tied to Davivienda

  • Settlement speed: Same-day or instant

  • Fees: Minimal

  • Why it stands out: A mobile-first gateway to financial inclusion and a useful tool for reaching underbanked segments in Colombia.

11. Kushki: Regional Gateway with Colombia Support

  • Ideal for: Regional platforms or startups operating in LATAM

  • Currency support: COP + other LATAM currencies

  • Key feature: Subscriptions, recurring billing, fraud prevention

  • Settlement speed: 1–3 days

  • Fees: Varies

  • Why it stands out: A fast-growing player with support for complex checkout flows and compliance tools.

12. Pagos Inteligentes: Local Gateway for Small Businesses

  • Ideal for: Small shops and local vendors

  • Currency support: COP

  • Key feature: QR codes, recurring billing, custom checkouts

  • Settlement speed: 24–72 hours

  • Fees: Competitive for small merchants

  • Why it stands out: Simple to set up and tailored to Colombia’s smaller merchants without developer resources.

13. DLocal: Emerging Markets Payments Infrastructure

  • Ideal for: Platforms serving customers across emerging markets

  • Currency support: 40+ currencies including COP

  • Key feature: One API for global acceptance

  • Settlement speed: 2–3 days

  • Fees: Varies by region and volume

  • Why it stands out: Offers global payment coverage with compliance layers tailored for each emerging market—including Colombia.

Final Takeaway: Choosing the Right Gateway for Your Business

Whether you’re invoicing overseas clients, selling on Mercado Libre, or building a crypto-friendly tech platform, the right payment gateway in Colombia depends on your audience, volume, and compliance needs.

For exporters or cross-border B2B firms, Mural Pay stands out with its stablecoin and virtual account infrastructure. For domestic e-commerce, PayU and Wompi provide deep local integration. And for creators or informal sellers, tools like Nequi or Daviplata make mobile-first payments easy.

Want to learn more about stablecoin payments, B2B FX alternatives, or how to open a virtual USD account in Colombia? Check out:

References

  • Chainalysis. (2024). Latin America Crypto Adoption Report.

  • IMF. (2025). Financial System Notes: Colombia.

  • World Bank. (2023). Cross-Border Payments in Latin America.

  • MuralPay.com: Product pages, documentation, and blog resources.

  • PayU, Wise, Payoneer, Mercado Pago, and official platform documentation.

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Invoice customers and pay contractors globally

Join Mural Today for Free

Invoice customers and pay contractors globally

Join Mural Today for Free

Invoice customers and pay contractors globally