Bank transfers are now free for Paysera merchants in Lithuania, Latvia and Estonia
Paysera has announced that bank transfers will be free for merchants in Lithuania, Latvia, and Estonia who transition to their new Checkout Modern platform. This change affects over 10,000 merchants across these three countries, eliminating transfer fees that were applicable under the previous Checkout version.
While card payment rates will remain unchanged, the move aims to incentivize merchants to adopt the new platform, potentially enhancing Paysera's competitive positioning in the region. As more merchants shift to Checkout Modern, Paysera could strengthen its market share in the rapidly evolving payment landscape in the Baltics.
Key takeaways
- ▸Bank transfers are now free for Paysera merchants in Lithuania, Latvia, and Estonia who adopt the new platform.
- ▸Over 10,000 merchants in the region are eligible for this fee waiver.
- ▸Card payment rates remain unchanged under the new offering.
Why this matters
This strategic move positions Paysera to gain a more significant foothold in the Baltic payments market, driving more merchants to adopt their modern platform and potentially increasing transaction volumes. As competitors continue to innovate, this initiative could fortify Paysera's appeal amidst tightening margins in the payment processing sector.
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