Same, but different
Payment initiation service (PIS) allows to accept payments from internet banks. In a way it's similar to widely popular bank link, but in fact is a different solution with somewhat different end-user experience. Merchants should be aware of the differences before deciding which solution to use.
Please have a look at a side by side comparison video demonstrating the similarities and differences between the two solutions.
Payment initiation service comes with flexible pricing, including setting minimums and maximums for transactions. Suitable if you sell low-margin products or have low average purchases. For larger purchase amounts, you can set a maximum transaction fee.
Combine with a bank link
You can use the payment initiation service to accept payments from all banks or combine them with a bank link to ensure a better user experience. For example, accepting payments from Swedbank with a payment initiation service, while Luminor uses a bank link.
Payment initiation service is available for the following banks operating in Latvia, Lithuania and Estonia: Swedbank, SEB, LHV, Luminor, Šiauliu Bankas.
We continue to offer other banks with a bank link.
One active, the other in reserve - do not lose a customer
Technical problems with the bank links are very rare. If necessary, the payment initiation service can be temporarily and operatively switched to the bank link or vice versa. In case of technical problems, it is automatic and does not interrupt the payments in the e-shop.
It is therefore safe to try PIS with MakeCommerce to make sure it is suitable for your business.
One integration, one contract
The payment initiation service and bank links are both available through the same agreement and integration. The merchant does not need to change the settings or install additional plug-ins in their store. Switches between one and the other solution are made by MakeCommerce, automatically in case of technical problems.
Ask for an offer
Contact our customer service for more information about the payment initiation service and to receive an offer.