What it is
Clip is a Mexican payments company that sells card readers so businesses can accept credit cards, debit cards and meal vouchers. There's no rental fee or contract: you buy the device once and pay a commission on each sale. It also supports remote payments through payment links and interest-free installments, which many Mexican shoppers expect on larger purchases.
How to use it
- Take payments at the counter with the reader that fits your business.
- Send payment links over WhatsApp for deliveries or social media sales.
- Turn on interest-free installments from the app or dashboard for big-ticket items.
- Accept meal vouchers and contactless payments.
- Track sales and deposits in the app or web dashboard.
What it's good for
- A hair salon in Querétaro that stopped losing customers for not taking cards.
- A furniture store in Monterrey offering interest-free installments through payment links to WhatsApp buyers.
- A weekend market stall that takes cards without applying for a bank terminal.
Pros
- No monthly fee, no contract and no inactivity charge
- Interest-free installments on both the reader and payment links
- Accepts meal vouchers as well as cards
Cons
- Only available in Mexico
- Interest-free installments add a steep surcharge paid by the merchant
- You pay for the reader upfront, and at high volume a negotiated bank terminal can be cheaper
