The Mexican online market is on the rise. However, Mexico is still a cash-based society with over 70 million Mexicans not having a bank account and credit/debit cards. And even if they do possess cards, they still decide to pay in cash. The pattern applies to online shopping, too, as the majority again look for e-shops that offer voucher payment methods.
As a result, one of the most popular payment methods in Mexico is a prepaid voucher Oxxo for offline cash payments. This method is widely used in the country for offline and online shopping, even for paying the bills. And this is the reason why these payment vouchers became so popular and widespread in the first place! They used to be issued to pay monthly bills. Over time, people started trusting them, and they became accessible to all the people in the country.
Oxxo is a Mexican chain of convenience stores, with more than 18,000 shops in Latin America, making it the largest chain of stores in the LATAM region. With so many shops across the country, it doesn’t surprise that this one-time voucher gained popularity. This cash-based payment method enables people to buy anything they need, offline or on the Internet, with zero costs.
Oxxo allows its online clients to pay using the voucher. When the coupon is generated, displaying the amount and barcode, the shopper goes to the store and pays in cash. As soon as the money is in the merchant’s account, the goods are shipped to the client, or the desired service becomes available.
Being familiar with the popularity of these vouchers, soon, some payment platforms, such as Xoom, a PayPal service, or EBANX, decided to include Oxxo and adapt services to different local communities and their favorite payment methods. EBANX is focused on LATAM countries and supports localized payment options for international e-commerce. Oxxo was, therefore, first on their list!
If you want to use these vouchers for e-commerce purchases, select Oxxo at the checkout. You will get a barcode that can be printed and shown in the store to finish the shopping. However, these turn-key payment platforms also offer a mobile-friendly Oxxo voucher, allowing you to generate the barcode on your phone without printing it.
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As a cash-based prepaid voucher that guarantees anonymity, Oxxo became popular among gambling fans in Mexico.
How to Deposit via Oxxo?
Depositing with Oxxo is straightforward. First, buy your Oxxo voucher. Then register at the desired online gambling venue, go to the cashier page and look for Oxxo as a deposit method. Once you have found it, enter the 14-digit code from the voucher, and this is it.
How to Withdraw with Oxxo?
Unfortunately, like similar prepaid solutions, Oxxo is no exception when it comes to withdrawing the money from your gambling balance. It means that you must find another convenient solution to pocket your money. However, withdrawals are rare, using a Mexican bank transfer where possible, but there may be some fees.
Transfer Times, Fees, and Security
The time necessary for your deposit made by Oxxo to reach your gambling account may last up to 24h. In case you have deposited the funds over the weekend, you will have to wait Monday to start using them.
The service is free, but live casinos may decide to charge some fees, so before starting, please first check the terms and conditions or ask the helpdesk to obtain comprehensive information.
As any other prepaid method that doesn’t require you to enter any bank or credit or debit card details to buy and use it, this is a 100% secure and anonymous payment options.