How It Works
- The sender uses their online banking platform or a dedicated payment gateway integrated with their systems.
- They initiate a payment by providing the recipient’s bank account details (CLABE - Clave Bancaria Estandarizada, the standard bank account number in Mexico - and bank name).
- The transaction is authenticated using the sender’s banking security protocols (e.g., passwords, tokens, mobile app verification).
- The funds are then directly credited to the recipient’s bank account.
Payment Method type
Users can use the below payment method type to create a transaction using Bank Push in the available geography- Mexico:
bank_push_mxn
Functionality
Limits and Expiration
The following is the upper and lower limits for Bank Push transactions:- Minimum Limit: USD 0.5
- Maximum Limit: USD 20000