How It Works
- Users link their Korean bank accounts or cards to their NaverPay wallets.
- Payments are authorized within the Naver Pay app or via Naver services using PIN or biometric authentication.
- Commonly used for seamless and secure payments across e-commerce, apps, and partner merchants.
Payment Method type
Users can use the below payment method type to create a transaction using NaverPay in the available geography- South Korea:
naverpay_krw
Functionality
| Functionality | Yes/No | Description |
|---|---|---|
| Refund Support | ||
| Full Refund | ✅ | |
| Partial Refund | ✅ | |
| Generally Available | ❌ | Onboarding approval required. Usual SLA is 1 week. |
| Dispute and Chargebacks | ✅ |
Limits and Expiration
The following is the upper and lower limits for NaverPay transactions:- Minimum Limit: USD 0.1
- Maximum Limit: USD 1350