Pay by Bank in Greece: account payments for merchants
Offer a bank-authorised route for Greek online purchases. Compare Wallid with IRIS Commerce and manual bank transfers, focusing on how the buyer pays and how your business progresses the order.
Where does Pay by Bank fit alongside IRIS?
Greek merchants already have account-payment options such as IRIS Commerce. Wallid Pay by Bank is a separate service that connects a purchase with bank authorisation and a payment result. Compare the merchant purchase flow, payer-bank reach and total costs of each service; IRIS P2P and P2Pro are different products from IRIS Commerce.
IRIS Commerce is the relevant merchant comparison
DIAS distinguishes IRIS payments between individuals, payments to self-employed professionals and IRIS Commerce for goods and services. An online store should compare the Commerce product, rather than a transfer-between-friends allowance.
A manual transfer can collect funds too, but the merchant still needs to identify the order and decide when to deliver. Include that operational work when comparing the full cost.
| Payment option | Customer journey | What the merchant compares |
|---|---|---|
| IRIS Commerce | Account payment for a merchant purchase | Commerce acceptance terms and checkout confirmation |
| IRIS P2P or P2Pro | Named person or professional payment products | Correct product scope; avoid transplanting their limits |
| Manual bank transfer | Buyer enters the beneficiary and reference | Matching funds, bank charge and order handling |
| Wallid Pay by Bank | Bank approval within the purchase journey | Connected accounts, integration and order status |
Bank-account connections in Greece
Explore bank-account connections for customers in Greece:
8 bank connections
Alpha Bank
Personal · Business
Eurobank
Personal · Business
European Depositary Bank
Personal
HSBCnet
Business
N26
Personal · Business
National Bank of Greece
Personal · Business
Piraeus Bank
Personal · Business
Revolut
Personal · Business
No matching bank connection found. Try another bank name or clear your filters.
Compare merchant Pay by Bank fees in Greece
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.
| EUR payment amount | Standard 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.
Instant euro transfers and product-specific limits
IRIS uses the SEPA Instant framework, but a product’s amount controls and a bank account’s authorisation controls are separate questions. A limit quoted for an individual’s phone transfer is not a universal Greek ecommerce limit. For your checkout, distinguish an authorisation step, a pending response and the final payment status used by the business. Fast infrastructure does not remove order-management decisions.
Equipment, wholesale orders and service deposits
A Greek supplier collecting a larger invoice needs more than a payment button. The buyer may require corporate signing authority or purchasing approval, while the seller needs an unambiguous reference for the invoice. Compare the fee at the full order value, and decide whether the order is reserved while payment is pending. This is particularly useful for stock, equipment and substantial deposits.
Example: build a clear checkout for Greek online sales
For a €2,000 equipment order, compare the IRIS Commerce merchant journey with a Wallid bank-authorised payment using the same order amount and reference. A person-to-person allowance is not the basis for that comparison. The supplier needs to know whether the buyer completed the purchase payment before releasing the equipment, while keeping a pending or abandoned attempt tied to the original order.
Choose your Wallid integration
| Your setup | What to connect | Explore |
|---|---|---|
| Shopify store | Bank-authorised checkout and the payment result used by the order. | Pay by Bank for Shopify |
| WooCommerce store | Bank-authorised checkout, order status and the refund process. | Pay by Bank for WooCommerce |
| Custom checkout or B2B ordering portal | Payment sessions, status notifications and association with orders or invoices. | Wallid Payment API |
Pay by Bank Greece FAQ
No. DIAS identifies separate products for individual transfers, payments to professionals and purchases from merchants.
Wallid and IRIS Commerce are separate services. Each has its own integration, account reach and commercial arrangement.
No. A product-specific transfer allowance should not be treated as the universal limit for merchant checkout or business invoices.
The relevant business account must support the payment journey and the user’s signing authority. Corporate approvals remain part of the purchase process.
Use the same basket value and monthly volume, including platform charges and the time spent managing payment exceptions.
Use the successful-payment status defined for the integration and keep pending, failed and abandoned attempts distinct.
Sources
Payment-method and bank-channel references reviewed on 10 November 2026.
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