Colombia PSE & PayU Fee Calculator 2026

PSE (operated by ACH Colombia) charges a flat rate rather than a percentage cut, typically ranging from COP $1,800 to $3,200 (averaging COP $2,500) per successful bank transfer. Payment gateways like PayU, Wompi (Bancolombia), and Bold aggregate PSE access and may charge between COP $1,500 and $2,900 flat or a reduced percentage (e.g. 2.65% + $700 COP) depending on your contract tier.

Credit card processing in Colombia via domestic Visa or Mastercard incurs an aggregator fee of 2.89% to 3.49% + COP $900 plus 19% IVA, plus statutory retenciones (Retefuente, ReteIVA, ReteICA). On a COP $500,000 transaction, credit card fees exceed COP $17,000, while a flat PSE transfer costs approximately COP $2,500, delivering over 85% in fee savings.

Under DIAN regulations, payment aggregators in Colombia act as withholding agents. For corporate sellers (Personas Jurídicas or Régimen Común), aggregators withhold Retefuente (1.5% on pre-tax sales value), ReteIVA (15% of the 19% sales tax), and municipal ReteICA (typically 0.414% to 1.104% in cities like Bogotá or Medellín). These amounts are remitted directly to DIAN and can be credited against your company's income tax return.

At checkout, the consumer selects their bank from the 25+ Colombian financial institutions (Bancolombia, Banco de Bogotá, Davivienda, BBVA, Nequi, Daviplata, Scotiabank Colpatria). They enter their registered PSE email, are securely redirected to their bank's online authorization portal, enter their bank security token, and confirm the transfer. Settle happens in real time with an instant transaction receipt.

No. Unlike credit card transactions which carry 180-day chargeback exposure, PSE transactions are irrevocable bank-to-bank electronic transfers. Once verified and authorized by the buyer's banking credentials, the funds cannot be recalled via friendly fraud chargebacks.

Wompi is Bancolombia's native digital payment gateway, offering lower fees for PSE and Nequi transfers (around 2.65% + COP $700 + IVA) with direct automatic daily deposits into Bancolombia accounts without transfer fees. PayU charges standard 3.49% + COP $900 + IVA with broader multi-country Latin American payout options.

International merchants can offer PSE checkout to Colombian consumers by partnering with cross-border payment orchestrators such as dLocal, EBANX, or PayU Global. These providers handle local collection in Colombian Pesos (COP) and remit funds internationally via USD or EUR cross-border wire transfers, typically assessing a 2.5% to 4.0% FX conversion spread.

Standard PSE transactions settle into merchant accounts on a T+1 business day schedule. Gateways like Wompi offer same-day automatic settlement for Bancolombia corporate accounts, while independent aggregators process daily consolidated bank transfers with low batch payout fees (around COP $3,000 per payout).