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Pay by Bank in Finland: online bank payments for merchants

Explore bank-authorised checkout for Finnish online orders. Compare Wallid with the online-bank payment services your customers already recognise, focusing on the complete acceptance cost, purchase reference and payment result your business needs.

What does Pay by Bank mean for merchants in Finland?

Pay by Bank lets a customer approve an account payment as part of a purchase. In Finland, online-bank payment is already a familiar checkout option. Open-banking payment initiation should be evaluated through its specific integration, rather than presented as though choosing a bank at checkout were a new concept.

Compare verkkopankkimaksut and other checkout options

Finnish providers distinguish online-bank payments, mobile methods and invoice or instalment products. These may serve the same basket but involve different customer journeys and commercial arrangements. Compare the payment service offered to your store, not a broad category label or a consumer banking fee.

Compare verkkopankkimaksut and other checkout options
OptionWhat a merchant should compare
Online-bank paymentBank journey, prepared purchase details and merchant payment result.
Open-banking Pay by BankPayment initiation, order reference and complete acceptance terms.
MobilePay or SiirtoSpecific mobile product, merchant arrangement and customer experience.
Invoice or instalmentsCredit terms and financing features, separate from a current bank payment.

Bank-account connections in Finland

Explore bank-account connections for customers in Finland:

Map highlighting Finland in purple, with neighbouring countries in pale grey

17 bank connections

  • Aktia

  • Alisa bank

  • Danske Bank

  • Danske Bank Business

  • European Depositary Bank

  • N26

  • Nordea

  • Nordea Business

  • Oma Säästöpankki

  • OP

  • POP Pankki

  • Revolut

  • S-Pankki

  • SEB

  • SEB Corporate

  • Säästöpankki

  • Ålandsbanken

Compare merchant Pay by Bank fees in Finland

Wallid’s published standard EUR fee is 1% + €0.30 per successful payment. A successful EUR refund is charged separately at the same rate. Applicable VAT and platform fees are additional; Shopify third-party transaction fees may also apply.

Compare merchant Pay by Bank fees in Finland
EUR payment amountStandard Wallid payment fee
€100€1.30
€1,000€10.30
€10,000€100.30

Compare each provider at the same order value and volume, including fixed charges, refunds, platform costs and payment-matching work. A bank’s customer transfer fee is different from a merchant checkout charge. For higher monthly volumes, discuss a quote based on payment count, average order size and total value. See Wallid pricing.

Pikasiirto and euro payment timing

SEPA Instant provides a euro transfer rail that works across participating European accounts. The Bank of Finland reports that most Finnish instant payments use this scheme. That describes how the payment moves; the checkout integration still determines what payment result your shop receives.

Keep execution time, order status and merchant funds availability separate when comparing providers. A customer can see a real-time step in banking without that screen describing your complete merchant service. For fulfilment, define the payment state that releases the order rather than relying on the word “instant” in a product name.

Larger Finnish baskets and B2B invoice payment

A substantial equipment order or wholesale purchase makes both acceptance costs and payment allocation worth examining. Compare quotes at the same euro basket value and monthly volume. Include fixed fees, recurring service charges, platform costs and the work involved in matching incoming transfers.

For a company buyer, the invoice can pass from the employee placing the order to a separate payer or approver. Keep its reference, payment deadline and fulfilment condition clear. A bank payment can settle an invoice for the current purchase; invoice credit and instalments remain separate financing arrangements.

Make bank payment fit the existing store

For WooCommerce, Shopify or a custom Finnish shop, follow one order through bank approval and back into order management. The amount and reference should remain tied to the purchase. The relevant payment result should have a defined meaning for the team preparing delivery.

Handle an interrupted journey, a buyer returning later and a new attempt without losing the connection to the original order. If the store currently uses manual transfer instructions, compare the remaining work for finance and customer support. A useful integration improves the whole purchase workflow, not merely the appearance of the payment selection screen.

Choose your Wallid integration

Choose your Wallid integration
Your setupWhat to connectExplore
Shopify storeBank-authorised checkout and the payment result used by the order.Pay by Bank for Shopify
WooCommerce storeBank-authorised checkout, order status and the refund process.Pay by Bank for WooCommerce
Custom checkout or B2B ordering portalPayment sessions, status notifications and association with orders or invoices.Wallid Payment API

Pay by Bank Finland FAQ

No. Finnish payment providers already offer online-bank payments; compare the specific integration and service terms.

No. These are distinct payment services or experiences. Their merchant agreements and integration models differ.

No. It describes the euro transfer rail, not how an order receives and uses the payment result.

No. A bank payment can pay the current invoice; later-payment credit is a separate arrangement.

Use the same order value and volume, including fixed, percentage, recurring and platform charges.

Keep the invoice reference and payment deadline understandable when ordering and payment approval involve different people.

Sources

Payment-method and bank-channel references reviewed on 10 November 2026.

Bank of Finland — payment reference

support.paytrail.com — payment reference

Bank of Finland — payment reference

Add Pay by Bank to your checkout

See how Wallid can fit your store, order values and payment volumes.

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Merchant eligibility and bank-account availability are confirmed during onboarding.