Support your e-commerce growth in this burgeoning market
Slovakia stands as the third fastest growing economy within the Eurozone.
Slovakia hosts a relatively highly banked population amounting to 77%, however credit card usage in the country is still quite low, with a penetration of 17%. Customers paying for higher ticket items using credit cards have the possibility to pay in instalments, however, only through local loan companies. Online banking is another popular alternative for transacting online, typically in the form of online bank transfers, also known as Pay-by-Links. Additionally, e-wallet solutions like MasterPass and Visa Checkout are gaining great traction from online consumers. Such payment methods are fairly popular considering setting up bank accounts require no additional fees.
Understanding the locally preferred online payment methods, as well as the general e-commerce trends and landscape, PayU enables merchants with a strong footing to expand remarkably in Slovakia. A local entity for both card and APM processing is not required, however, having a local entity within the European Economic Area (EEA) is a must.
Payment Methods Available in Slovakia With PayU
Credit and Debit Cards
Bank Transfer (via partner)