Accept wallets and all local cards in South Korea without a local entity.
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 
Customers who pay with a local card are redirected to the local processor to select their issuer. In this demo, the customer is paying with their Shinhan card.
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.
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.
Customer locations Korea Presentment currency KRW Payment confirmation Customer-authenticated Payment method family Local markets Recurring payments Yes Payout timing Connect support Yes Dispute support Yes Manual capture support Yes Refunds / Partial refunds Yes / Yes
Get started
You don’t 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. Go to the Stripe Dashboard and enable Korean payment methods. To get started with one of our hosted UIs, follow a quickstart:
Other payment products
The following Stripe products also let you add 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 all local Korean cards and the majority of Korean payment methods.
| One-time | Recurring | |
|---|---|---|
| All local cards | Yes | Yes |
| Kakao Pay | Yes | Yes |
| Naver Pay | Yes | Yes |
| Samsung Pay | Yes | No |
| PAYCO | Yes | No |
Installments
Local card issuers in Korea can offer installments on purchases 50,000 KRW and above. This lets customers 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.
Disputes
Local cards 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 might 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.
