Magna
Established in 1989 and operated by the Chilean branch of Banco Santander, the Magna payment card allows consumers to pay both in-store and online. Chilean consumers pay for almost 60% of all their online purchases using credit or debit cards. Adding Magna to their checkout gives merchants a payment method trusted by middle-income consumers in Chile.
How it works
1
Merchant
Merchant
At online checkout, the consumer chooses credit card as the preferred payment method
2
Payment method
Payment method
The consumer enters their card details
3
Online bank
Online bank
After confirming the payment, the consumer may be redirected to their issuing bank for 3DS authentication
4
Merchant
Merchant
The merchant receives confirmation of payment