Paysera

Features

• Extensive documentation on API methods & how to integrate your site with them
• Real-time Notifications API (via email, SMS, webhooks)
• Wallet API (Login with Paysera, scan, and pay, cashout & in with code, upload funds to a wallet)
• Transfer API (initiate transfers from Paysera to the bank account, Webmoney, Payza, or other Paysera accounts)
• Checkout API (third-party and manual integrations with libwebtopay library or other open-source libraries)
• Recurring billing beta
• Paysera plugins for Wix, Shopify, Weebly, WooCommerce, Zencart, and 14 other platforms which are maintained by themselves & 12 others which are maintained by the third party
• SMS Payments from 50 countries, in 18 languages with possible no integration method (setup via their system) Ability to automate it with PHP (documentation)
• Assistance for payment system set up in physical location (POS system integrations)
• Online payments work in 184 countries, supports 30 currencies, translated to 18 languages, works with 10k banks (VISA, MASTERCARD, MAESTRO only works for EU citizens)
• Ticket selling platform for event organizers
• Technical assistance (not 24h, but can leave ticket)

Pricing

The fee for the refund depends on the bank of the customer.

Pricing depends on how the payments are accepted - online checkout via e-bank, online with a card, via additional services (Giropay, ideal, instant transfer, SafetyPay, etc.), at a retail place, via SMS messages, as well as MIP (Paysera authorization via e-bank) or Banklink (authorization via e-bank and confirmation of payment in it). It also depends on the category, categories are:

• I - sites selling physically deliverable products, travel agencies, insurance services, or nationally approved social aid organizations (clothing, jewelry, etc.)
• II - sites selling virtual services or products (gift coupons, movies & music, etc.)
• III - sites selling high-risk products or services (food supplements, surveillance products as well as erotic portals)

Moreover, physical entities at Paysera pay higher taxes by 1% from the transaction and the maximum amount is twice as big. The taxes depend, as mentioned, on the category and the number of transactions and their combined value during the past 30 days.

Note: Fixed transaction fee for all transactions is 0,07 EUR. Moreover, bank fees apply as well - for all MIP payments from bank 0,35% and a max of 0,50 EUR

Opay

Features

• Offers documentation, however only in Lithuanian, although it is quite extensive and covers the API functionality and parameters - however, it’s somewhat difficult to read.
• Offers library examples in PHP
• Plugins for Magento, OpenCart, PrestaShop, WordPress, Joomla!, Shopify, Verskis.lt, Eshoprent.com
• Offers payments via Internet banking, paying via card, paying in cash at terminals or post offices, leases, regular bank transfer
• Has support which can assist with the setup and other questions related to the service (like which payment option to choose, etc.) via phone, chat, or email
• The payment options window is hosted on their side, however, they offer the ability to adjust its colors to the colors of your company for better UX
• Has a very flexible payment system depending on what business you develop, what payment methods you will use, etc. However, this means that the fee-related information may not represent reality

Pricing

Opay, unlike Paysera, does not add additional fees depending on what bank was used for the payment, the end price only adds up from the commission fee of Opay. They offer 3 plans, Mini - when the transaction fee is up to 10 EUR. Midi - for payments between 10 - 90 EUR & Maxi - when the payments are more than 90 EUR. Moreover, they offer personal plans when you make more than 100 payments whose total is more than 2000 EUR in the last 30 days. The transaction fee depends on what payment method is selected, such as Online banking, paying via card or bank transaction. The fees might fluctuate depending on the items you sell or if you already have a shop or not, and so on.

Note: All transactions have a fixed fee of: Mini - 0,11 EUR, Midi - 0,16 EUR, Maxi - 0,22 EUR. Information regarding MIP fees is not publicly available on their website and was acquired via a personal offer.

Neopay

Features

• Offers only a single payment option which is MIP
• Offers an API and documentation on how to set up the payments and notifications yourself. The documentation is nicely done and easy to read & understand
• Has plugins for WordPress (WooCommerce), Magento & PrestaShop

Pricing

• No pricing information can be found online regarding this product
• Fee for transaction from 0,05 EUR and a monthly fee from 50 EUR
• More information about the pricing can be gotten by providing your website and an estimate amount of transactions per month

Make Commerce

Features

• Offers an API as well as a payment gateway to implement a quick custom solution
• API documentation is thorough and clear.
• Have a Github with PHP example
• Pages in Lithuanian, Latvian, English, and Estonian 
• Bank link support for Lithuanian, Estonian, Latvian, and Finnish banks
• Plugins for Prestashop, Magento, WooCommerce, OpenCart, Shopify, Mozello, eshoprent, parduotuvesnuoma.lt, Shoproller, Voog, MyCashflow, Shoperb. The platforms also support baltic couriers like Omniva and DPD integration.
  
  Note: it seems that the plugins are only free when viewing the LT and LV version of the page, English and Estonian pages identify the plugins as paid: WooCommerce, OpenCart & Prestashop 10-15 EUR monthly, Shopify is listed as 0-5 EUR (most likely paid if delivery information is provided as well).

Pricing

One of the main selling points of MakeCommerce is that they do not charge any fee for refunds and only 30EUR for chargebacks. However, yet again the prices are different for LT-LV and EN-EE regions, with LT-LV being the cheaper option. Moreover, a personal plan can be suggested if the revenue of the shop is greater than 10k per month

Note: the provided fees are for shops with up to 10k monthly revenue

Foxpay

Features

• Allows payments via Bank Link, bank cards as well as Maxima or Perlas terminals.
• Works by redirecting the client to the Foxpay site where they choose the Lithuanian bank they wish to checkout via. The plugins are made by Foxpay for your site free of charge
• Payments via QR codes
• Real-time payment information
• No chat or phone support, inquiries via tickets

Pricing

The pricing model is simple and the fee depends on the number of transactions done in a month. No additional transaction fees apply

Kevin

Features

• 24/7 support
• Payments accepted in all of EU via online Checkout
• Offers POS systems & in-app payment management
• Plugins for Prestashop, WooCommerce, and OpenCart

Pricing

• No pricing details can be accessed publicly

Cardinity

Features

• Payment provider that only focuses on payments done with credit/debit cards
• Offers integrations for Shopify, WooCommerce, PrestaShop, Magento, OpenCart, and 7 other e-commerce platforms
• Some integrations are available on Github as well as PHP examples

Pricing

Pricing fees are 1,35% + fixed fee of 0,25 EUR for all payments done with cards from ES/EEE. For foreign cards, an additional cross-border fee applies.

If you are processing more than 50k per month, personal pricing is available.

Montonio

Features

• Offers checkout page with bank link and bank card payment options, payments are forwarded directly to specified bank account
• Easy integration with plugins for Magento, Cs.cart, odoo, opencart, PrestaShop, WooCommerce
• Montonio dashboard to view completed transactions and order details
• On EN and EE domains it offers a Financing solution as well, in which when a payment is initiated, the customer can select a financing plan from one of Montonio’s partners, however, this feature is not available on LT domain.

Pricing

The pricing plan of montonio is extremely simple, as advertised on their website, it’s 0.29%, and not more than 0.36 EUR for a single transaction, despite what the average transaction amount of the business is.

Price comparison Paysera, Opay, Make Commerce

The payment processors were selected by their popularity and because their payment information was accessible publicly and could be calculated.

In this comparison, we will compare prices of Bank Link transactions (as they are one of the most popular and user accepted payment methods).

Scenario

You, a company, own an e-shop which sells clothing. Your average order value is 50 EUR and you do 120 transactions per 30 days, the sum of transactions per month is 6000 EUR.

In the below table a fee for a 50 EUR transaction is calculated and the total fees that would be paid if you would get 40 transactions from each bank a month

Conclusion

Functionality

Functionality-wise Paysera is the winner - it offers a lot of possible payment methods, works with many banks and payment cards from around the world, has integrations on many e-commerce platforms, and is the biggest provider in the Baltic region. However, it depends on the company’s or e-shop’s needs if they need so many possible payment methods.

Pricing

Price-wise it is a bit harder to tell which one would be best and strongly depends case-by-case. Paysera has the lowest fee’s in the above example, but their pricing strongly depends on what banks the payment is done through and what payment option is selected. Paysera itself strongly advertises MIP, for which it offers the lowest fees, which is quite a new payment option and not trusted by most buyers as well as not advertised by other payment providers, it also depends on what product you sell and whether you are registered as a company or a private individual.

Make Commerce had the second-lowest fees, however, as mentioned these fees are only present when viewing the deals via LT and LV domains and are different for EE-EN, which would affect the overall result.

Meanwhile, Opay has a very straightforward pricing plan which could work for many different businesses, moreover, it seems that they are flexible regarding the subject, unlike the bigger and older player - Paysera.

Community Opinions

Based on research in Lithuanian online forums, it seems that Paysera is by far the most commonly used payment provider and many enjoy it, it is trusted and offers a lot of for the price, however, in recent times it started suffering from frequent infrastructural downtimes, long approval and general answer waiting periods and payment processing issues which affected the user experience, moreover, it’s system itself is regarded as “not up to date”, which has led people to look for alternatives like Opay, which most people transition to and are satisfied with and seems to be the second most popular choice to many.

At the end of the day it all comes down to individual needs, what is more important - functionality or fees, can you deal with downtimes, how many plugins do you need and what is your size or goal.