Finland
Digital payments in Finland
Population
Online population
Banked population
Payment Gateways in Finland
Authorize.NetPayment methods in Finland
The Finnish e-commerce scene is booming, and digital payments play a central role in everyday transactions. Here are the key takeaways of the digital market in Finland:
- E-commerce is on the rise with a value of $17B at the moment and an expectation to cross the $24B mark by the year 2027, which is a huge amount considering a population of only 5M people
- Cross-border shopping is common: 20% of all purchases are made on international websites
- Almost 40% of the total digital spend is made through the mobile devices indicating Finland’s mobile-first trend
- More than 70% of e-commerce payments are powered by digital payment solutions and among the most popular tools are Klarna, PayPal and SEPA Direct Debit
- In 2022 the average amount of money spent online in Finland was $3,249 — a figure that is projected to increase to $4,359 by 2027
Trustly
Trustly is a Sweden-headquartered online payment service provider which allows consumers to shop and pay from their bank accounts — without using a card, app or registration.
It is trusted across the Nordics due to its speed, transparency, and no hidden fees. Users don’t need to download anything — just pick your bank, confirm with a secure code, and the transaction is complete.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | A Finnish bank account |
| Accepted payment methods | Bank transfers only |
| Countries available | Finland, Sweden, Germany, Netherlands, more |
| Supported currencies | EUR, SEK, NOK |
| Setup feeNone | |
| RequirementsA Finnish bank account | |
| Accepted payment methodsBank transfers only | |
| Countries availableFinland, Sweden, Germany, Netherlands, more | |
| Supported currenciesEUR, SEK, NOK |
Pros
- No setup or transaction fees for customers
- High trust among the Nordic users
- No registration required
Cons
- Supports bank payments only — no card or wallet options
- Available mostly in Europe
SOFORT
SOFORT is a fast and secure online payment gateway that allows customers to pay straight from their bank account — without registering or entering card details. There's no need to set up an account — users just chose their bank, log in with their online banking details and then confirm the payment using a one-time code.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | Online banking with a supported EU bank |
| Accepted payment methods | Bank transfers via online banking |
| Countries available | Finland, Germany, Austria, Switzerland, Netherlands, others |
| Supported currencies | EUR, CHF |
| Setup feeNone | |
| RequirementsOnline banking with a supported EU bank | |
| Accepted payment methodsBank transfers via online banking | |
| Countries availableFinland, Germany, Austria, Switzerland, Netherlands, others | |
| Supported currenciesEUR, CHF |
Pros
- High speed and ease of use
- No sign-ups and credentials stored
- Secure and GDPR-compliant
Cons
- Only supported banks are available
- No credit card or wallet support
- Available in certain European countries only
Klarna
Klarna is considered one of the most well-known payment gateway providers in the European region as it provides flexible online payment gateway services focusing on buy now, pay later (BNPL) features. In Finland, Klarna is dominant as it is used to execute approximately 10% of all online purchases.
The service gives the shoppers the chance to divide the purchase into three equal monthly payments or postpone full payment up to 30 days without interest or paying any fees with timely payments. This further makes it very appealing to the younger and mobile-first clientele.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | Business registration, Klarna onboarding approval |
| Accepted payment methods | Klarna BNPL, bank transfer, card payments via Klarna |
| Countries available | Finland, Sweden, Germany, UK, US, and more |
| Supported currencies | EUR, SEK, NOK, GBP, USD, and others |
| Setup feeNone | |
| RequirementsBusiness registration, Klarna onboarding approval | |
| Accepted payment methodsKlarna BNPL, bank transfer, card payments via Klarna | |
| Countries availableFinland, Sweden, Germany, UK, US, and more | |
| Supported currenciesEUR, SEK, NOK, GBP, USD, and others |
Pros
- Finnish shoppers prefer it and trust it
- Interest Free: no interest or fee charged should it pay bills on time
- Increase average order value and conversion rates
Cons
- Some users can be rejected during approval process
- May charge higher fees for merchants than some other gateways
- Not the ebay choice when it comes to B2B or high-ticket enterprise sales
Rapyd
Rapyd is a payment gateway service provider in Finland which allows companies to accept traditional forms of payments as well as local payments. Merchants in Finland using Rapyd have the opportunity to introduce online payment gateway options that include such popular solutions as cards, bank transfers, and digital wallets in accordance with local regulatory conditions.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | usiness registration and KYC approval |
| Accepted payment methods | Credit/debit cards, SEPA transfers, digital wallets |
| Countries available | Finland and 100+ countries |
| Supported currencies | EUR, USD, GBP, and other major global currencies |
| Setup feeNone | |
| Requirementsusiness registration and KYC approval | |
| Accepted payment methodsCredit/debit cards, SEPA transfers, digital wallets | |
| Countries availableFinland and 100+ countries | |
| Supported currenciesEUR, USD, GBP, and other major global currencies |
Pros
- Competitive pricing on EU and non-EU cards
- Multi-currency support for global expansion
- Reliable developer tools and integrations
Cons
- Interface can be a bit complicated for small businesses
- Not as widely-spread as Klarna or Adyen
- Merchant support response times may vary by region
Adyen
Adyen is one of the world’s most popular payment gateway solutions that is utilised by large international brands. In Finland, Adyen works with local payment methods like Trustly, MobilePay and direct bank transfers, so it is a perfect solution to businesses that need to reach Nordic people.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | Business license and Adyen approval process |
| Accepted payment methods | Cards (Visa, Mastercard, Amex), MobilePay, Trustly, SEPA |
| Countries available | Finland and 30+ countries |
| Supported currencies | EUR, USD, GBP, SEK, and more |
| Setup feeNone | |
| RequirementsBusiness license and Adyen approval process | |
| Accepted payment methodsCards (Visa, Mastercard, Amex), MobilePay, Trustly, SEPA | |
| Countries availableFinland and 30+ countries | |
| Supported currenciesEUR, USD, GBP, SEK, and more |
Pros
- Trusted by the world’s biggest brands
- Powerful fraud protection and compliance support
- Great for business expansion
Cons
- Setup can be complicated for small sellers
- Custom pricing — not revealed publicly in detail
- Accounts are occasionally subjected to minimum fees per month
2Checkout
2Checkout, owned by Verifone, is an internationally established online payment gateway that enables Finnish merchants to accept both local and international payments easily. With a wide currency coverage and an easy checkout process, 2Checkout is a great option for businesses that wish to expand internationally.
| Feature | Description |
|---|---|
| Setup fee | Free |
| Requirements | Business verification and account approval |
| Accepted payment methods | Credit/debit cards, PayPal, Skrill, Apple Pay, SEPA, local bank transfers |
| Countries available | Finland and 200+ countries |
| Supported currencies | EUR, USD, MYR, GBP, and 95+ more |
| Setup feeFree | |
| RequirementsBusiness verification and account approval | |
| Accepted payment methodsCredit/debit cards, PayPal, Skrill, Apple Pay, SEPA, local bank transfers | |
| Countries availableFinland and 200+ countries | |
| Supported currenciesEUR, USD, MYR, GBP, and 95+ more |
Pros
- Free installation and no monthly charges
- Great variety of payment methods accepted
- Easy setup for global and local merchants
Cons
- Slightly higher transaction fees
- Limited control over payout scheduling
- Customer service may be slow during high volumes
MONEI
MONEI is a modern online payment gateway designed to be flexible, fast and totally control your checkout process. Although it has headquarters in Spain, MONEI provides services in Europe, including Finland, and supports dozens of payment methods, from cards and wallets to BNPL.
| Feature | Description |
|---|---|
| Setup fee | Free |
| Requirements | EU business registration and compliance check |
| Accepted payment methods | Visa, Mastercard, PayPal, Google Pay, Apple Pay, Klarna, BNPL |
| Countries available | Finland and other EU countries |
| Supported currencies | EUR, USD, GBP, and other major global currencies |
| Setup feeFree | |
| RequirementsEU business registration and compliance check | |
| Accepted payment methodsVisa, Mastercard, PayPal, Google Pay, Apple Pay, Klarna, BNPL | |
| Countries availableFinland and other EU countries | |
| Supported currenciesEUR, USD, GBP, and other major global currencies |
Pros
- High approval rate (~95%)
- Broad acceptance of alternative payments
- Transparent pricing with minimal fixed costs
Cons
- Merchant daily fee (€0.10/day)
- High refund charge (€17.00 for refund)
- Limited exposure in Northern Europe
Braintree
Owned by PayPal, Braintree is a reputable online payment gateway that is trusted by thousands of businesses in Finland to enable secure and easy payment solutions. Its strong integration with PayPal makes it a good fit for business managers who need to unify card processing, mobile wallets and scheduled payments on a single platform.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | Business account and verification through PayPal/Braintree |
| Accepted payment methods | Visa, Mastercard, Amex, Apple Pay, Google Pay, PayPal |
| Countries available | Finland, EU, UK, US, and others |
| Supported currencies | EUR, USD, GBP, and other major global currencies |
| Setup feeNone | |
| RequirementsBusiness account and verification through PayPal/Braintree | |
| Accepted payment methodsVisa, Mastercard, Amex, Apple Pay, Google Pay, PayPal | |
| Countries availableFinland, EU, UK, US, and others | |
| Supported currenciesEUR, USD, GBP, and other major global currencies |
Pros
- No monthly or setup fees
- Seamless integration with the PayPal ecosystem
- Powerful API, great for developers
Cons
- Slightly higher fees for transactions
- Little support beyond the world leading currencies
- PayPal account is required to obtain full functionality
FAQ
Is Cash App or PayPal used in Finland?
No, Cash App isn't supported in Finland. However, PayPal is largely used and accepted on Finnish online shopping sites and is supported by such gateways as Braintree and 2Checkout.
Which is the most common payment gateway?
According to Statista, PayPal is the most popular payment gateway due to its widespread adoption for online payments, mobile, and peer-to-peer transactions. Klarna, Trustly, and SOFORT are frequently utilized among the locals when it comes to internet shopping in Finland.
