Top 10 Payment Gateways in Greece That Your Business Need To Know!

A reliable payment gateway is necessary if you're expanding your business in Greece and want to accept online payments. However, as there are too many options to choose from, finding the best one can take time and effort. But we got you covered.

This blog lists Greece's top 10 payment gateways for accepting and managing online payments. In addition, you'll find some factors to consider while comparing your options. This will help you make an informed decision for your business. So, let's get started.

Payment Solution Landscape in Greece

Because of the increasing internet penetration and efforts made by the government to make the country more digital, the Greek eCommerce market is growing. 

No wonder the revenue generated by the eCommerce market is expected to surpass USD 4,000 million by 2023 and USD 6,000 million by 2027 at a CAGR of 9.81%.

While Greece initially used to have a cash-based economy, similar to several other countries, alternative modes of payment have become popular over the years. Thanks to the rising internet penetration and booming eCommerce. For instance, in 2021, 26% of online payments were made using digital wallets, followed by cards at 13%. And these numbers are expected to increase.

As companies in Greece or those seeking expansion look to capitalize on emerging trends, it's crucial to provide customers with innovative and alternative payment solutions. To ensure success in this endeavor, a trustworthy payment gateway is essential. But first, let's explore critical factors to consider when making an informed decision on a suitable payment gateway.

Criteria to Look out for Payment Gateways in Greece

Here are the factors to consider when looking for a payment gateway in Greece:

Supported Currencies

If you want to expand your business globally, ensure the payment gateway supports all major countries, including Greece. This will not only help you sell in Greece but in multiple countries across the world.

Note: The payment gateways that support more currencies often come at a higher cost. Also, there can be a high currency conversion fee. Ensure you know that when considering currency support for payment gateways.

Payment Options/Methods

If your payment gateway offers many payment options, you can cater to different customer preferences and increase sales. Ideally, a payment gateway must support traditional and alternative methods such as Bank Transfers, Direct Debits, Credit and Debit Cards, digital wallets (Alipay, Apple Pay, and more), crypto, and more.

Pro tip:

• Study the Greek market.
• Identify the payment methods locals prefer.
• Find a payment gateway that supports them.

This way, you can ensure a positive customer experience, reduce cart abandonments, and improves sales.

Market Integrations

Every business has some tools or software in its tech stack, be it eCommerce platforms, marketplaces, or CRM tools. However, if your payment gateway doesn't allow you to integrate with such tools, keeping everything in sync can lead to productivity losses.

So, look for a payment gateway that supports market integrations. Standard integrations include Shopify, WooCommerce, or Salesforce Commerce Cloud. When your payment gateways connect seamlessly to other tools, you can streamline the operations and ensure everything is in sync.

Security

Your payment gateway will help you manage your payments, from accepting funds and refunding them to processing payouts in some cases. Therefore, it has to be secure.

Ensure your chosen payment gateway maintains the highest security standards, including PCI compliance, fraud detection, and data encryption. A flawless track record of safeguarding sensitive information is essential for building trust and confidence.

Pricing and other Fees

Pricing can be a deal breaker for most businesses. And if it is for you, make sure to consider all types of pricing, from chargeback fees and transaction fees to refunds and monthly charges.

Once you know exactly how much you need to pay the payment gateway per transaction (on average), determine if that's something you can afford.

Pro Tip: Some payment gateways charge you extra for recurring payments or for processing international payments. Ask about this from the payment gateway before finalizing.

Reliability

Lastly, your payment gateway should be reliable. Reliability comes from different things, such as:

• Ability to handle huge volumes of transactions.
• High Up Time
• Impressive Authorization Rate
• Dedicated Technical Support
• Scalability
• And more

Only if your payment gateway is reliable will you be able to offer your customers a safe and seamless customer experience.

Best Payment Gateways in Greece

1. Rapyd

Rapyd allows you to accept several popular payment methods in Greece and accept & manage payments more efficiently. It supports a range of industries and offers secure global payments. Here are the key highlights of this gateway: 

Pricing and Other Fees:

• Charges on Refunds: Information Available on request
  
• Setup Fee: Free
• Monthly or annual Fee: None
• The commission per transaction: 2.9% + €.30 for non-European cards and 1.2% + €.25 for European cards.

Accepted Payment Methods:

• Credit/Debit Cards: Major cards such as Mastercard, JCB, Discover, Diners Club, and Visa are supported.
• Other methods: Supports APMs such as Google Pay, Apple Pay, PayPal, and more.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms such as:

• Shopify
• Magento
• Wix
• WooCommerce
  

2. Adyen

If you're looking forward to expanding your business in Greece and globally, Adyen is there to help. You can start accepting payments from your customers globally using a single integration. Here are some key highlights:

Pricing and Other Fees:

• Setup Fee: None
• Annual Fee: None
• Monthly Fee: None
• Charges on Refunds: depends on the payment method used.
• The commission per transaction: €0.10 per transaction + a variable payment method fee. 

Accepted Payment Methods:

• Credit/Debit Cards: Major debit and credit card brands such as VISA, MasterCard, Diners Club, and Maestro are supported.
• Other methods: Other methods include PayPal and Meal vouchers.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms, including:

• Vue Storefront  
• Microsoft 365
• Big Commerce
• WooCommerce
  

Good Read: What is the difference between 2D and 3D Payment Gateway?

3. 2Checkout

For a localized checkout experience and for accepting payments globally, including Greece, you can opt for 2Checkout. 2Checkout is a premium payment processing platform that lets you accept and manage payments in the best way possible. Here are some highlights about 2Checkout: 

Pricing and Other Fees:

• Setup
• Fee: Free
• Annual Fee: None
• Monthly Fee: None
• Charges on Refunds: Information Available on request
  
• The commission per transaction: 3.5% + $0.35 for every transaction that is successful

Accepted Payment Methods:

• Credit/Debit Cards: All popular credit and debit card brands, such as Discover, JCB, American Express, Visa, Diners Club, P.O., Skrill, MasterCard, etc., are supported.
• Other methods: Skrill and PayPal

Supported Currencies: It supports more than 100 currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms such as:

• Shopify
• BigCommerce
• WooCommerce
  

4. Braintree

Another reliable payment service for accepting payments in Greece and across the globe is Braintree. It supports many popular payment methods enabling you to cater to a wide audience. And as Braintree is a service from PayPal, it's trustworthy. Here are some highlights about Braintree: 

Pricing and Other Fees:

• Setup
• Fee: None
• Annual Fee: None
• Monthly Fee: None
• Charges on Refunds: Information Available on request
  
• The commission per transaction: 1,9% + €0,30

Accepted Payment Methods:

• Credit/Debit Cards: All popular credit and debit card brands are supported
• Other methods: Numerous APMs such as giropay, ACH, Ideal, Google Pay, Apple Pay, Pay Pal, and more are supported

Supported Currencies: It supports all major currencies

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms such as:

• 3dcart
• BigCommerce
• Primer
  

5. Checkout

If you need a more comprehensive payment gateway that caters to all business needs, you can go for checkout. It supports a range of popular payment methods and allows you to scale up and down according to your business. Here are some highlights about checkout:

Pricing and Other Fees:

• Setup Fee: None
• Annual Fee: None
• Monthly Fee: None
• Charges on Refunds: Information Available on request
  
• The commission per transaction: Information Available on request
  

Accepted Payment Methods:

• Credit/Debit Cards: All major cards from Discover, Diners Club, JCB, Visa, American Express, etc., are supported. 
• Other methods: Alternative payment methods such as Alipay, Apple, Pay, and PayPal are supported.

Supported Currencies: It supports 150+ currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with a range of eCommerce platforms, including: 

• Shopify 
• SAP Commerce Cloud
• Salesforce Commerce Cloud
  

6. Authorize.net

Need a payment solution for your startup or small business? Try Authorize.net. Authorize.net is a reliable payment gateway that allows you to accept payments any way you want, be it checks, on-the-go, contactless or card payments. Here are some key highlights:

Pricing and Other Fees:

• Annual Fee: None
  
• Setup Fee: None
• Monthly fee: $25
• Charges on Refunds: Information Available on request
  
• The commission per transaction: 2.9% + 30¢

Accepted Payment Methods: 

• Credit/Debit Cards: It supports all major card brands such as Discover, MasterCard, Visa, American Express, etc. 
• Other methods: Alternative payment methods include Apple Pay, PayPal, and more.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with a range of eCommerce platforms, including:

• Magento
• WooCommerce
• BigCommerce
  

7. Stripe

If you're looking for a payment gateway that most of your customers have heard of, Stripe is what you need—suited for both small and established enterprises. Stripe is a complete payments platform using which you can accept online payments from your Greek and global customers. It's simple, supports numerous payment options, easy to customize, and more. Here are some highlights about Stripe:

Pricing and Other Fees:

• Setup Fee: None
• Annual Fee: None
• Monthly Fee: None
• Charges on Refunds: Information Available on request
  
• The commission per transaction: 1.5% + €0.25 for European cards and 2.5% + €0.25 for U.K. cards. 

Accepted Payment Methods:

• Credit/Debit Cards: Supports all major credit and debit card brands.
• Other methods: Supports alternative payment methods such as bank redirects, wallets, BNPL, and more.

Supported Currencies: It supports a whopping 135 currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms such as:

• NetSuite
• Shopify
• WooCommerce
  

8. Skrill

Skrill is a trustworthy payment platform that is used by hundreds of thousands of businesses in the gaming, betting, trading, and e-commerce industry. It's easy to use, supports different payment methods and currencies, and has a streamlined checkout experience. Here are some key highlights of Skrill: 

Pricing and Other Fees:

• Setup Fee: None
• Annual Fee: None
• Charges on Refunds: Information Available on request
  
• The commission per transaction: is 1.25 % for international cards.

Accepted Payment Methods: 

• Credit/Debit Cards: All major debit/credit cards, such as MasterCard, Discover, Visa, American Express, etc., are accepted.
• Other methods: Several alternative payment methods, such as Paysafecard, Trustly, and more, are accepted. 

Supported Currencies: It supports around 40 currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with a range of eCommerce platforms, including:

• WooCommerce
• BigCommerce
• Wix
• Magento
  

9. MONEI

Using MONEI, you can offer your customers a seamless and secure checkout experience. It follows the best security guidelines and supports a range of payment methods and currencies. Here are some highlights about MONEI:

Pricing and Other Fees:

• Setup Fee: Free
• Daily fee: €0.10 (varies with the plan)
• Charges on Refunds: €17.00 Per Chargeback
• The commission per transaction: smallest plan charges 0 0.15% to 1.19% + €0.24 
• Interchange Fee: 0.1% for Visa, Mastercard, Diners Club International, and Discover cards.

Accepted Payment Methods:

• Credit/Debit Cards: Major cards such as JCB, Mastercard, Diners Club, Discover, and Visa are supported.  
• Other methods: Supports numerous alternative payment methods such as Apple Pay, Google Pay, PayPal, giroPay, iDEAL, SOFORT, Klarna, and more.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms such as:

• Shopify
• Magento
• Commerce tools
• Wix
  

10. Revolut

Want to tailor your checkout experience? If yes, try Revolut. Revolut is a payment solution you can integrate into your website or app and start accepting payments from your Greek or global customers. It is easy to use and has a customizable checkout interface. Here are some key highlights:

Pricing and Other Fees:

• Setup Fee: Free
• Charges on Refunds: Information Available on request
  
• Monthly Fee: Free
• The commission per transaction: 1% + £0.20 for UK issued cards and 2.8% + £0.20 global and commercial cards

Accepted Payment Methods:

• Credit/Debit Cards: Major cards such as JCB, Diners Club, Mastercard, Discover, and Visa are supported.

Supported Currencies: It supports all major currencies.

Approvals and Onboarding Time: Information Available on request.

eCommerce Platform Integration: Offers integration with major eCommerce and CRM platforms such as:

• Shopify
• PrestaShop
• OpenCart
• WooCommerce
  

Local Payment Gateways and the Rising Complexities for the Businesses?

For businesses in their early stages, opting for local payment gateways is the way to go. However, as they look toward future expansion and growth opportunities, small convenience can become a significant dilemma due to the complexities of relying solely on regional processes instead of globally-recognized solutions.

Local payment gateways may provide convenience, but relying on them can leave your business vulnerable. For example, an unexpected increase in transaction charges could spell disaster for customer experience if you're stuck with no alternative option - until now! 

With inai at hand, businesses have a powerful tool to keep their customers happy and control costs. Explore how it works today!

How Can Inai Help You Integrate Multiple Payment Gateways in Greece?

Discover the powerhouse of seamless financial connectivity with inai! Our revolutionary global platform integrates over 30 leading payment gateways, unlocking 300+ local and international payment solutions for your customers. From BNPL and direct debit to crypto and installments, inai ensures your business stays ahead of the curve, making transactions effortless and elevating customer satisfaction.

With inai's payment routing, you can leverage multiple gateways for your business transactions. This ensures that price hikes or downtimes from one gateway don't disrupt the flow of payments - allowing for continuous success and peace of mind. If a simple solution exists to keep operations running smoothly, why not take advantage?

If you wish to learn more about inai, book a free trial now!