As a growing hub in the European fintech landscape, Lithuania has rapidly positioned itself as an attractive destination for fintech companies, including those offering payment solutions. Its business-friendly regulations, combined with Lithuania’s strong focus on digital innovation and security, make it an appealing market for both local and international businesses seeking payment gateways.
This guide delves into the top payment gateways in Lithuania, offering insights into their features, fees, and why they might be the best choice for businesses in various sectors.
Overview:
Paysera is one of the most widely used payment gateways in Lithuania. It’s known for offering a variety of financial services, from online payment processing to international transfers. Paysera caters primarily to small and medium-sized businesses, but it also handles large corporate clients.
Key Features:
- Low transaction fees.
- Multi-currency accounts and international transfers.
- iOS and Android apps for easy mobile management.
- Seamless integration with eCommerce platforms such as WooCommerce and Shopify.
- Supports QR code payments and NFC (Near Field Communication) technology.
Why Choose Paysera?
Its wide range of services, competitive pricing, and ease of integration make Paysera an ideal choice for businesses that operate locally and internationally. Paysera is particularly strong in the Baltic region, offering convenient solutions for cross-border payments.
Overview:
Stripe has established itself as a leading payment processor globally, and it’s gaining popularity in Lithuania. Offering a robust platform with excellent developer tools, Stripe is known for supporting businesses from startups to large enterprises. Its customizable nature makes it ideal for businesses that require a highly tailored payment experience.
Key Features:
- Extensive API for custom integration.
- Accepts a wide range of payment methods, including credit cards, Apple Pay, Google Pay, and local payment options like SEPA Direct Debit.
- Recurring billing and subscription management.
- Excellent fraud prevention tools through Stripe Radar.
Why Choose Stripe?
Businesses that need flexibility and customization in payment processing will benefit from Stripe’s developer-centric approach. With its global reach and local payment method integrations, it’s a great option for businesses scaling internationally.
Overview:
Mistertango is a growing player in Lithuania’s fintech space, focusing on providing online banking and payment gateway services for both individuals and businesses. It supports a wide array of online payments, including cross-border transactions within Europe.
Key Features:
- Instant euro transfers within the SEPA region.
- Multi-currency accounts for international business.
- High security with two-factor authentication.
- Simple integration with major eCommerce platforms.
Why Choose Mistertango?
For businesses with a strong focus on European markets, particularly those within the Eurozone, Mistertango provides efficient payment processing with low fees and fast transaction times.
Overview:
PayPal remains a global leader in online payments and is widely accepted in Lithuania. It’s a go-to choice for businesses that need a trusted payment solution with a large customer base, especially for international sales.
Key Features:
- Instant payments with a recognizable and trusted brand.
- Secure transactions with built-in fraud detection.
- Support for multiple currencies and cross-border payments.
- Easy integration with shopping platforms like Magento, Shopify, and WooCommerce.
Why Choose PayPal?
Its global recognition and ease of use make PayPal an excellent option for small to medium-sized businesses, particularly those focusing on international customers. However, its fees may be higher compared to local gateways, so it’s important to evaluate cost vs. convenience.
Overview:
Adyen is another major global player that has gained significant traction in Lithuania. With its strong focus on omnichannel payment processing, Adyen supports businesses across all sectors, including retail, eCommerce, and financial services.
Key Features:
- Supports more than 250 payment methods.
- Real-time data reporting and analytics.
- Built-in risk management tools.
- Local payment method support, including iDeal, SEPA, and more.
- Unified platform for in-person and online payments.
Why Choose Adyen?
Adyen is particularly suited for businesses that operate on multiple channels, offering seamless transitions between in-store and online payments. Its high level of security, extensive payment options, and real-time reporting make it ideal for larger businesses or those with global aspirations.
Overview:
Opay is a newer entrant in the Lithuanian market but is making a name for itself by providing affordable payment gateway services. It is particularly popular with SMEs looking for a cost-effective solution.
Key Features:
- Supports local payment methods like BankLink.
- Easy integration with major eCommerce platforms.
- Competitive transaction fees for small businesses.
- Multi-currency payment acceptance.
Why Choose Opay?
For small businesses or startups, Opay provides an affordable and simple-to-integrate payment solution that doesn’t compromise on quality or security. Its focus on the Baltic region makes it particularly suited for local businesses.
Overview:
Cardinity is a popular payment gateway that primarily focuses on European markets, including Lithuania. It offers a secure and efficient way for businesses to accept credit card payments online.
Key Features:
- Supports Visa, MasterCard, and other major credit cards.
- Fast and secure transactions with fraud prevention tools.
- Detailed reporting and analytics for transaction monitoring.
- Integration with most eCommerce platforms.
Why Choose Cardinity?
For businesses focused on the European market, Cardinity provides an affordable and secure way to handle credit card payments, especially in industries such as eCommerce, SaaS, and subscription-based services.
- Checkout.com
Overview:
Checkout.com is a global payment gateway offering services in Lithuania. It provides flexible payment solutions for businesses of all sizes, with a strong emphasis on security and customization.
Key Features:
- Supports over 150 currencies and multiple payment methods.
- Real-time data and analytics.
- Fraud protection and risk management tools.
- Seamless API integration.
Why Choose Checkout.com?
Checkout.com is ideal for businesses looking for a customizable payment gateway with advanced fraud protection and extensive support for different currencies. It’s particularly suitable for global businesses operating in Lithuania.
Overview:
While Square is more commonly known in the U.S., it has a growing presence in Europe, including Lithuania. It provides comprehensive payment solutions for small to medium-sized businesses, particularly in the retail and hospitality sectors.
Key Features:
- Accepts payments via credit card, mobile, and digital wallets.
- Built-in point-of-sale (POS) system for in-store payments.
- Simple invoicing and payment tracking.
- Competitive transaction fees.
Why Choose Square?
Square is an all-in-one solution for businesses that need both online and offline payment solutions. Its easy-to-use interface and affordable pricing make it a great choice for small businesses, particularly those in hospitality and retail.
- Klarna
Overview:
Klarna is best known for its “Buy Now, Pay Later” (BNPL) solutions but is increasingly being used as a payment gateway for eCommerce businesses in Lithuania.
Key Features:
- Offers customers the ability to pay later or in installments.
- Provides seamless integration with major eCommerce platforms.
- Easy checkout process to reduce cart abandonment.
- Strong fraud protection tools.
Why Choose Klarna?
If your business operates in the eCommerce sector, particularly in fashion or consumer goods, Klarna’s flexible payment options can help increase conversions and reduce cart abandonment. The BNPL model is particularly appealing to younger consumers.
Why Lithuania is the Poster Boy of FinTech?
Lithuania has emerged as a global fintech hub, thanks to its progressive regulatory environment, favorable tax policies, and strategic location in the European Union. The country is home to over 200 fintech companies, many of which are focused on payment processing, cryptocurrency, and alternative banking solutions.
Lithuania’s regulatory authority, the Bank of Lithuania, offers a sandbox for fintech companies to test innovative solutions in a controlled environment, which encourages innovation while ensuring security and compliance. Moreover, the country is one of the fastest in the EU to issue Electronic Money Institution (EMI) licenses, attracting fintech startups from all over the world.
The focus on digital transformation, cybersecurity, and open banking initiatives has helped Lithuania become a leading fintech destination, not only in Europe but globally. This strong fintech foundation has contributed to the rapid rise of innovative payment gateways that support both local and international businesses.
Conclusion
Choosing the right payment gateway is essential for businesses operating in Lithuania, as it can significantly impact customer experience, transaction success rates, and operational efficiency. Whether you are a small local business or a multinational enterprise, Lithuania offers a wide range of payment gateway solutions tailored to different needs.
With global players like PayPal, Stripe, and Adyen alongside local champions like Paysera and Mistertango, Lithuanian businesses are well-served with reliable, secure, and cost-effective payment processing options.