Pay by Bank in Latvia for online stores and B2B orders
Let customers pay from their bank account through a bank-authorised Wallid checkout. Connect the payment result to the order in Shopify, WooCommerce or a custom store, with EUR pricing and a clear workflow for higher-value purchases.
Banklink and open-banking payments for Latvian stores
For a Latvian online store, Banklink describes a familiar bank-payment option: the buyer selects a bank and approves a prepared payment in banking. Open-banking payment initiation — maksājumu ierosināšana — is one way to provide a bank-authorised checkout. The Banklink label alone does not define the provider, contract or order integration.
Wallid connects bank-authorised payment to your store's purchase flow. Compare it with the exact bank-link service offered to your business: which paying accounts it reaches, how the result returns to the order, what a refund costs and how money is reconciled.
Compare Banklink, Pay by Bank and manual transfers
| Option | Customer and order workflow | What matters to a merchant |
|---|---|---|
| Wallid Pay by Bank | The buyer chooses a bank and authorises a prepared payment linked to an order. | Integration, paying-account connections, result handling and complete EUR costs. |
| A bank's Banklink or payment-initiation service | The bank or its payment partner supplies a checkout under its merchant contract. | Included banks, account arrangement, platform integration and quoted tariff. |
| Another Baltic bank-payment provider | A provider connects several bank-payment options to the store. | Exact product, fixed or percentage fees, refunds and platform costs. |
| Manual bankas pārskaitījums | The buyer transfers money using your bank details; your team matches the receipt. | Bank charges, missing references, pending orders and reconciliation work. |
Local bank-payment services already offer store plugins and payment initiation. Compare the actual service rather than assuming those features are unique to Wallid. A prepared checkout can reduce copying of payment details; it does not remove the need to match the payment result to the order.
EUR fees for Latvian ecommerce
Wallid's standard EUR fee is 1% + €0.30 per successful payment. A successful refund is charged separately at 1% of the refunded amount + €0.30. Applicable VAT and platform fees are additional; Shopify third-party transaction fees may also apply.
| Order value | Calculation | Standard payment fee |
|---|---|---|
| €100 | €1.00 + €0.30 | €1.30 |
| €2,000 | €20.00 + €0.30 | €20.30 |
| €10,000 | €100.00 + €0.30 | €100.30 |
These examples show payment fees, not transaction limits. Compare the same order values, monthly volume and refund assumptions. A fixed-fee or capped alternative can cost less on larger orders; bank-authorised checkout does not automatically mean the lowest price. Higher-volume pricing can be discussed. See Wallid pricing.
Latvian merchants can encounter low fixed-fee bank-payment offers. For a €2,000 equipment order, Wallid's standard payment fee is €20.30 before additional charges. Assess whether its integration, specialist-merchant proposition and operational workflow suit your store alongside the price.
From a WooCommerce order to a bank payment
A Latvian WooCommerce store replacing manual transfer instructions needs a dependable connection between the banking journey and the purchase.
| Step | Payment workflow |
|---|---|
| 1 | Create the order with its EUR amount and reference. |
| 2 | Let the buyer select their bank and authorise the prepared payment. |
| 3 | Associate the returned payment result with that order. |
| 4 | Apply the fulfilment rule and reconcile the money received. |
Keep an abandoned banking step, a pending attempt and a paid order distinguishable. For a made-to-order item, reserve stock and release production according to your payment policy. A second attempt should remain understandable to support staff instead of creating uncertainty about whether the buyer paid twice.
Zibmaksājumi: payment speed and order confirmation
Zibmaksājumi are instant payments. An eligible instant euro transfer can move money within seconds, including weekends. That transfer route is different from the store checkout used to initiate it.
Bank authorisation, the status returned to WooCommerce and money credited to the receiving account are separate events. Define which reported event releases an order. The word “instant” should describe the relevant payment route rather than imply that every bank-payment attempt has already reached the merchant.
Larger baskets, company accounts and Baltic B2B orders
For a €10,000 stock purchase, the standard Wallid payment fee is €100.30. A larger basket makes the percentage component more significant, so compare full costs before choosing between checkout and invoice transfer.
The person ordering may be different from the employee who signs a company payment. Keep the invoice reference, amount and payer details consistent; account permissions and a second approver can shape the buying journey. Personal and Business account labels describe different paying-account audiences, not identical signing workflows.
For sales across the Baltics, use the country of the customer's paying account. A Latvian business customer may use an account in another country; a regional bank brand alone does not establish the same checkout reach everywhere.
Specialist and higher-risk ecommerce
For specialist B2B suppliers, dietary-supplement stores and other higher-risk retailers, bank-authorised checkout offers a payment route to assess alongside card processing. High order value, regulated products and high monthly volume are different requirements; describe each separately when planning the setup.
For your operations team, the useful questions are practical: can a payment be traced to its order, can an interrupted attempt be understood, and how is a refund initiated and reconciled? Explore Wallid for specialist and high-risk merchants.
Choose your integration
| Your setup | Payment workflow | Explore |
|---|---|---|
| Shopify store | Bank-authorised checkout linked to the purchase. | Pay by Bank for Shopify |
| WooCommerce store | Bank payment, order status and refund operations. | Pay by Bank for WooCommerce |
| Custom store or B2B portal | Payment sessions, status notifications and order or invoice references. | Wallid Payment API |
Bank-account connections in Latvia
Explore the Latvian paying-account directory. Cards show the bank connection and supported Personal or Business account types.
5 bank connections
Citadele Bank
Personal · Business
Luminor
Personal · Business
Revolut
Personal · Business
SEB
Personal · Business
Swedbank
Personal · Business
No matching bank connection found. Try another bank name or clear your filters.
Pay by Bank Latvia FAQ
Banklink describes a bank-payment checkout journey. Open-banking Pay by Bank initiates a bank-authorised account payment; the provider, contract, account reach and order integration distinguish individual services.
Swedbank, SEB, Citadele Bank and Luminor appear in the Latvian account-connection directory, alongside Revolut. The list describes paying-account channels rather than separate merchant contracts with those banks.
A manual transfer asks the buyer to use your bank details and your team to match the receipt. Pay by Bank prepares the payment within a checkout journey and associates the result with the purchase.
Wallid offers both integrations. Choose the platform-specific setup and follow its order-status and refund workflow.
The standard EUR fee is €1.30: 1% of €100 plus €0.30, before applicable VAT and platform fees. Successful refunds are charged separately.
No. Compare the full quoted price at the same basket values and volumes. Fixed-fee alternatives may cost less, especially for larger orders.
An instant transfer describes movement of money. Release the order according to the actual status reported by your integration and your fulfilment policy.
The directory includes Business account channels. Company signing permissions, approval steps and account limits shape how a particular purchase is authorised.
Separate product category, order value and monthly volume. Plan payment references, interrupted attempts, fulfilment status and refund operations around the store's actual sales process.
A successful EUR refund costs 1% of the refunded amount plus €0.30, charged separately from the original payment. Refund initiation and money returned are different stages.
Onboarding for your Latvia checkout
During onboarding, Wallid confirms merchant eligibility, bank-account availability and the payment setup, including currency, route, applicable limits and business-account signing requirements. Include your business activity, product range and expected payment volumes for a specialist or regulated store.
Add Pay by Bank to your checkout
See how Wallid can fit your store, order values and payment volumes.
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