South Korean payment methods
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 South Korea without a local South Korean entity by using Stripe and our local processor partner.
Card usage is popular in South 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 South 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 South Korean customers, your business complies with South Korean legal and tax requirements. Use Stripe Tax to collect tax in South Korea.
Get started
You don’t have to integrate South 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 South 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 South Korean payment methods from the Dashboard:
Integrate through the API
You can also use the Payment Intents API to accept payments from South 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 South 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 South Korean cards and the majority of South 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 South 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 South Korean payment methods can only be submitted for a refund within 365 calendar days from the date of the original charge. After 365 days, it’s no longer possible to refund the charge.
In South Korea, if a customer hasn’t received goods or becomes aware the goods or services differ from the contract, they can request a refund, or in the case of subscriptions, withdraw their subscription within 7 days of the payment. Make sure your refund policy accounts for this local requirement.
Disputes
Local cards and payment methods in South Korea enforce strong authentication, which helps reduce the risk of fraud or unrecognized payments.
Dispute Timing
Customers have up to 365 calendar days from the date of purchase to file a dispute. After a customer files a dispute, you have up to 5 days to respond and submit evidence. If you don’t respond before the deadline, you automatically lose the dispute and can’t retrieve the disputed funds. Dispute decisions are made within 7 days of evidence submission. This outcome is final.
Respond to disputes
See the guide for responding to disputes to understand more about dispute reason codes and evidence submission. Local issuers support the following dispute reason codes in South Korea:
- Credit not processed
- Duplicate
- Fraudulent
- General
- Product not received
- Product unacceptable
- Subscription canceled
Best practices
In South Korea, the following evidence is typically considered compelling. Include these types of evidence to increase your chances of successfully defending a dispute:
Additional information for subscriptions
If you offer subscriptions to South Korean customers, you must notify your Customers and obtain their consent:
- At least 30 days before any pricing increase.
- At least 14 days charging for a previously free service.
Further make sure that you incorporate local requirements into your terms of service, billing, cancellations and refunds policies, and take steps to make sure that your customers clearly understand and agree to them. As a best practice:
- Consider incorporating these terms and policies into your pre-payment checkout flow and collecting explicit customer consent for them (for example, using a checkbox), and promptly address customer queries and complaints.