ClipC63
Payment Processor · Micro and small businesses in Mexico — market stalls, salons, cafés, tienditas, independent professionals a…
Overview
For a small Mexican business that wants to start taking cards this week, Clip is a strong default: no RFC (tax ID) required to get started, no rent or minimum volume, a reader for a few hundred pesos, 24/7 support, and money in hand the same day through its free Clip Cuenta. The rate is fair rather than cheap. At the standard 3.6% + IVA a merchant keeps about MX$958 of every MX$1,000; the Socio Clip tiers improve that once card sales pass MX$10,000 a month, but the MX$1 fixed fee makes the entry tier dearer than the standard rate on tickets below roughly MX$164. The grade stops at B because the terms give Clip wide discretion — to suspend service, delay transfers or terminate without notice, and to hold disputed funds for up to 180 days (300 for international cards) — and because Clip's own pages quote the same service at different rates, so the price you will actually pay has to be checked in the app.
Best for: Micro and small businesses in Mexico — market stalls, salons, cafés, tienditas, independent professionals and delivery sellers — that take mostly domestic debit and credit cards in person, sell MX$10,000 or more a month by card, and value instant access to the money over the lowest possible rate.
Strengths
- + No monthly fee, minimum volume or fixed term, no RFC needed to start, and readers from MX$129 on promotion — a business can be taking cards the day the device arrives.
- + Fast access to money: domestic chip-and-PIN sales made between 9:00 and 20:00 settle into the free Clip Cuenta within minutes, Clip says, including weekends and holidays, and most other sales within 24 hours.
- + Published volume tiers bring the rate down from 3.6% + IVA to between 2.99% + MX$1 + IVA and 2.49% + IVA without a negotiation, recalculated automatically every month.
- + A broad small-business toolkit in one app: readers and all-in-one terminals, Tap to Pay on Android and iPhone, links, QR, online checkout, installments, loans, POS software and resale of airtime and bill payments.
- + Well established and well funded — operating since 2013, a unicorn since 2021, backed by SoftBank, General Atlantic, Goldman Sachs, Visa and Amex Ventures among others — with 4.9 and 4.8 average ratings across more than 200,000 App Store and Google Play ratings in Mexico.
Trade-offs
- – The standard 3.6% + IVA (4.18% all-in) is high for a business selling under MX$10,000 a month, and the MX$1 fixed fee makes the Bronze tier dearer than the standard rate on sales below about MX$164.
- – Meses sin intereses are expensive: surcharges run from 4.57% at 3 months to 27.17% at 24, on top of the base commission and IVA — a MX$10,000 sale at 12 months nets about MX$8,171 at the Bronze rate.
- – The terms let Clip suspend service or delay transfers at any time without notice, terminate at its discretion, create reserves, and hold disputed funds for up to 180 days (300 for international cards), with only five days to respond to a dispute.
- – Pricing is published but inconsistent: on the same day Clip's pages quoted 2.99% + MX$1 + IVA, 2.99% + IVA, 3.5% and 3.6% + IVA for overlapping services, and whether the Socio Clip tiers apply to online payments is not stated.
- – The acceptable-use list is broad — travel, lodging, telecoms, subscriptions and free trials, gambling, crypto and more are prohibited or need extra review — and it lists hotels as both prohibited and authorised.
Fees in detail
- Online rate: 3.6% + IVA standard (Checkout, links)
- International: Under Socio Clip, Amex and international cards are charged 3.50% at every tier; the Checkout product page says its 3.6% + IVA applies to int
- Disputes: Clip's general terms list no separate chargeback fee. The merchant bears the disputed amount: Clip may debit it before contacting the mercha
Standard published rate for a domestic online card payment. Confirm current pricing on Clip's pricing page.
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