Korean payment methodsBeta
You can localize your customer experience and accept payments from the majority of payment methods available in Korea without a local Korean entity by using Stripe and our local processor partner.
Card usage is popular in Korea, with many different card issuers but not a single predominant brand. Customers typically pay by selecting their card issuer and authenticating through their card or bank’s app rather than manually entering their card details. Wallets are also becoming more popular in Korea. To provide a familiar experience to customers and increase conversion rates, offer a selection of local wallets and cards.
Payment flow
This demo shows the customer experience when using Korean payment methods.
After the customer enters their information in Stripe’s checkout page and clicks Pay, they’re redirected to the checkout page of the payment method provider or local processor to complete the payment. In the example above, the customer is paying with their Shinhan card.
Interested in using Korean payment methods?
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Available payment methods
You can accept popular local wallets and all local cards.
Popular local wallets include:
All locally issued cards are supported, including:
Caution
Make sure that in providing goods and services to Korean customers, your business complies with Korean legal and tax requirements. Use Stripe Tax to collect tax in Korea.
Get started
You don’t actually have to integrate Korean payment methods and other payment methods individually. If you use our front-end products, Stripe automatically determines the most relevant payment methods to display. Follow a quickstart for one of our hosted UIs:
After setting up your payment form, activate the payment methods you want using the Stripe Dashboard.
Other payment products
The following Stripe products also support adding Korean payment methods from the Dashboard:
Integrate through the API
You can also use the Payment Intents API to accept payments from Korean customers using local cards and local payment methods. Follow our guide to test your integration’s redirect-handling logic by simulating a payment that uses a redirect flow.
Payment process
Customers who elect to pay with Korean cards or payment methods are redirected to the local processor or underlying payment method provider’s checkout page as applicable, where they authorize the transaction. After the payment is approved, funds are available in your Stripe account after 4 days.
Payment methods
We currently support the following local Korean card rails and payment methods:
One-time | Recurring | |
---|---|---|
All local cards | Yes | Yes |
Kakao Pay | Yes | Coming soon |
Naver Pay | Yes | Coming soon |
Samsung Pay | Yes | No |
PayCo | Coming soon | No |
Installments
Local card issuers in Korea may offer installments on purchases 50,000 KRW and above. This enables customers to pay for their purchase over time, for example, to complete the payment over 3 months. Installments are popular with customers who want to purchase goods with higher order values.
Installments are solely between customers and their card issuers. As a business, you receive the full amount for your purchase up front, and your customer is responsible for completing the installment payments to the issuer. In the event that your customer is unable to complete their installments to their issuer, you keep the funds.
Refunds
Payments made with Korean payment methods can only be submitted for refund within 365 calendar days from the date of the original charge. After 365 days, it’s no longer possible to refund the charge.
Fraud and disputes
Local card rails and payment methods in Korea enforce strong authentication, which helps reduce the risk of fraud or unrecognized payments. Customers have up to 365 calendar days from the date of purchase to file a dispute. Stripe may request you to provide information and documentation in cases of customer disputes. After a customer files a dispute, you have up to 5 days to submit evidence upon notification. Make sure you comply promptly with these requests. When using Korean payment methods, you must make a reasonable effort to detect fraud or unauthorized transactions, and to minimize disputes.