Six European Payment Solutions Compared -

The payment options your store offers can greatly impact your company's success. It is possible to miss sales if you only offer processors that your customer base doesn't know or can't trust. So, if your eCommerce store focuses on European customers, then you must choose a processor that is trusted by the European market, it's important to choose payment options that cater to that audience.

In this piece we'll look at six European payment solutions for . We'll talk about how long you'll need to wait to collect your money, the accepted currencies, supported countries, and much more. So let's start!

European payments solutions are compared In a nutshell

Before discussing the details of the various options, let's look at what they are like based on number of transactions. Armed with this information will give you a more clear knowledge of which European payment solutions you should think about using:

 * is based on Authorize.net merchant accounts. However, they offer other options for non-merchant customers

Remember that there are plenty of than just European-friendly solutions are suitable for use in your store. Still, these six options provide the gateways for payment which are easiest to set up.

Six European payment options A detailed analysis

You can sign up for payments for no cost, and there's no fees for a month. Transaction charges are set at 2.9 percent plus $0.30 per charge. This is the norm across the industry.

This payment solution is available across more than ten European nations, Canada, and the United States, and supports more than 135 currencies. There is however additional 1% fee when transactions are made in other currencies in addition to USD.

Additionally, you are able to charge regular payments for memberships, subscriptions, payments plans and auto-replenishments. There's no limit to what you can charge!

Money received from Payments will be added to your banking account on a rolling basis.

PayPal is one of the most well-known international payment solutions, boasting nearly 400 million active users around the world.

With PayPal the customers are able to pay with money stored in their online wallet, credit cards, debit cards, and transfer money to banks. Additionally the processor can support more than 25 currencies.

A thing to bear in mind with PayPal is that available options for payment and charges depend on where the account you have is located. Additionally, PayPal charges 2.5-3.5% in currency conversion fees.

PayPal doesn't force you to open an account for merchants. Still, it's recommended you start one if you are planning in running an eCommerce business. Merchant accounts are charged at a rate of PayPal will charge the normal 2.99 percentage on debit and credit card transactions, and 3.49 percent if you choose to use PayPal Checkout. There's also an additional fee fixed for each transaction, which varies according to the currency you're paying.

If you're using PayPal You can transfer funds to your account as fast as one business day. The payment processor also offers its own debit card to certain countries, which allows you to access your money instantly.

Available:PayPal is available in the following European countries.

This solution for payment allows the user to establish an account that doesn't charge the user any fees for maintenance. Additionally, you can transfer money through Viva Wallet to any IBAN merchant account on the same day as an event.

In addition, the processor works with every major credit card. Viva Wallet also integrates with local European payments solutions such as IDeal, Przelewy24, and PayU.

No matter which payment integration you offer, all purchases are made through the Viva Wallet checkout. To process credit card transactions, Viva Wallet charges 2.06-2.2 percent, plus PS0.24 for each transaction.

If you sign up for the Viva Wallet account, you may request a debit credit card that allows you to withdraw your funds instantaneously. The Viva Wallet platform supports all currencies , and it is accessible across most of Europe.

The availability of HTML0 is: Viva Wallet is available in the following European countries. The company also offers CBD merchants (who meet certain guidelines) that are located in France, Italy, Poland, Greece, and Portugal.

Authorize.net is one of the best-known web-based payment options and has been in operation for over two decades. In that time, it has grown to become one of the most popular solutions for worldwide eCommerce stores.

With Authorize.net it is an option to process credit card payments and e-checks. Additionally, the platform integrates with PayPal as well as Apple Pay, expanding the number of customers you can serve. In addition, Authorize.net supports 13 different currencies.

It offers both merchant and non-merchant accounts. Non-merchant accounts cost $25 per month. In addition, they charge the usual 2.9% + $0.30 for each transaction.

However, if you've got an account for merchants, Authorize.net reduces its fixed fee charges to $0.10 per transaction and depending on the volume of sales, your transaction percentage can be individually negotiated down per card type (e.g. Mastercard, Visa, Discover, etc.). In the case of a massive eCommerce company it could result in enormous savings.

However, when you're dealing with foreign transactions Authorize.net fees rise to 4.4 percent plus $0.30. They accept many different currencies but they do not permit multiple currencies to be accepted on one account.

On average, withdrawing money via Authorize.net takes around 2 business days.

Accessibility:Authorize.net is available for every business that is located in Europe.

Contrary to the majority of eCommerce payment options that offer credit options, Klarna makes the process straightforward by keeping check on credit scores in the background.

In addition to pay-later payment options, Klarna can also process regular purchases made using debit and credit card. It costs $0.30 for each transaction. There is an additional cost that ranges from 3.29 percent to 3.79 percent, based on whether your customers stay at the page or let them go when they are finished with their purchase.

Klarna fees are a bit higher than other European payment solutions however it's worth noting that they charge a $30 monthly fee for each product that you add.

From the perspective of a seller, Klarna provides you with complete upfront payments and takes care of the financing. Plus, it helps drive customers to members' businesses via the app.

With Klarna You get paid on sales straight into your account at the bank. But, the time to process a payout can vary depending on your agreement.

Availability: Klarna is available in the following European countries.

Mollie is a payment solution that works with Mollie it is possible to accept Paypal, credit card, Apple Pay, bank transfer (including SEPA transfers), and gift cards too. The payment service also connects with Klarna.

Mollie provides you with complete control over the types of payment methods you'd like to accept. Mollie supports both one-time and regular payments in addition to installments. It is also possible to personalize the checkout experience and connect it to your website store.

For payment processing fees go, Mollie charges EUR0.25 + 1.8%-2.8 percent for credit cards. It provides a variable price according to the payment methods you offer to your clients. Many times, Mollie charges less than the standards of the market for credit card processing, such as Mastercard as well as American Express payments.

By by default Mollie pays out twice every week to your bank account. Processing times typically vary from one to two days. You can, however, create a custom schedule of payouts based on your needs.

Available: Mollie is available in the following European nations.

Summary of Payment Gateways

If you're operating a European-based eCommerce company, you could grow your sales by offering an option for payment that is accessible to as many of your customers as possible. European payment solutions can make it easier for shoppers in the region to make payment. They also simplify withdrawing the money from your bank account.

If you're still not sure which European payment solution to use This is a brief summary of six possible options to make an instant comparison