Regional Support: Payments (Nordics)

[Victor]

Learn more about handling shipping and fulfillment while running your Shopify store in the Nordics.

This thread is part of the Regional Support threads offered for merchants in Scandinavia and the Nordic countries. To see which other topics are available, you can visit the Nordics hub here.

Shopify Payments

Shopify Payments is available to merchants in both Denmark and Sweden and can be used to accept payments from customers using Visa, Mastercard, American Express, and Maestro debit and credit cards.

Merchants in Denmark can receive their payouts in either EUR or DKK, while Swedish merchants can receive their payouts in either EUR or SEK. In both cases, payouts will be sent by Shopify to the merchant’s bank account within 3 business days (unless the merchant has set up a different payout schedule). Merchants using Shopify Payments will also be able to sell in one currency and get paid in another (e.g. sell in EUR, receive payouts in DKK/ SEK) if they wish, and can also sell in multiple currencies.

The cost of using Shopify Payments will vary depending on which subscription plan a merchant has chosen, with there being different credit card processing rates for each plan. These rates can be found on the pricing pages for both Denmark and Sweden. Merchants in Sweden will be charged transaction fees for payments processed through third-party payment providers, even if they also have Shopify Payments enabled on their store.

Shopify Payments can also be used by merchants in Denmark and Sweden to accept payments via local payment methods, such as Bancontact and iDEAL. Swedish merchants can also enable Klarna via Shopify Payments, with Klarna’s Pay Later, Pay Now and Slice It features all made available through the gateway.

Not all products that can be sold on Shopify can be sold using Shopify Payments to process transactions. A list of prohibited businesses and products can be found on the Terms of Service pages for both Shopify Payments Denmark and Shopify Payments Sweden.

Third-party gateways

There are a variety of different payment gateway options available to merchants in the Nordics, which can be found via the links below:

• Denmark
• Faroe Islands
• Finland
• Greenland
• Iceland
• Norway
• Sweden

Transaction fees will be charged to merchants when they accept payments from customers through a third-party gateway (excluding merchants in Denmark who also have Shopify Payments installed). The rate charged is determined by which Shopify plan the merchant has chosen for their store.

Paytrail is one of the most popular methods of payment in Finland and can be used in Shopify as an alternative payment method. It is also available to merchants in Denmark, Norway, and Sweden.

Another popular payment method in Finland and Denmark is MobilePay, which allows for the easy transferring of funds between bank accounts. Finnish merchants can use Paytrail, Checkout Finland, Svea Payments, QuickPay or Nets Payments (2D) as alternative payment methods to enable MobilePay on their store. Danish merchants can enable MobilePay by using either QuickPay or Nets Payments (2D).

If you have a question or comment to make about processing payments on Shopify in the Nordics, please post it below.

[CakewalkAlyssa]

Hi @Victor 

Since Shopify Payments is used to accept local payment methods, can iDEAL be used to purchase subscription products using a subscription app?

Thank you!

[Victor]

Hi @CakewalkAlyssa,

Thank you for getting in touch. Subscription payments on Shopify can be accepted via Shopify Payments, however customers cannot use accelerated checkouts such as iDEAL to purchase subscription products. You can read more about managing your subscriptions here.

Is there a reason why you wanted to use iDEAL to accept subscription payments from customers? What sort of products do you sell?