Latvian Banks
Gain access to shoppers with online banking
Latvian online banking enables consumers to pay for online purchases easily and securely via internet banking portals.
Latvia is one of the countries that have steadily adapted to internet banking. In 2019, the penetration of internet banking services reached 67% among population aged over 16.
Supported banks:
- AB Swedbank
- AB SEB
- Luminor
- Citadele
- Revolut
Payment method properties
| Features | Latvian Banks |
|---|---|
| Payment type | Online Banking |
| Available for businesses registered in | HK, AU, SG, UK, EU, US |
| Activation time for onboarding | Up to 5 business days |
| Shopper regions (typically used by payers from) | LV |
| Processing currencies | EUR |
| Settlement currencies | Will be settled in your default settlement currency. |
| Settlement schedule | T+3 business days, subject to reserve plans Settlement below 100.00 EUR maybe delayed until the aggregate open settlements accumulate to 100.00 EUR. |
| Minimum transaction amount | 0.01 EUR |
| Maximum transaction amount | No limitation (might depend on owner’s bank account) |
| Checkout session timeout | 1 hour |
| Recurring Payments | ⛔ |
| Refunds | ⛔ |
| Partial Refunds | ⛔ |
| Disputes (chargebacks) | ⛔ |
| Placing a hold (delayed/manual capture) | ⛔ |
| Descriptor (what the payer will see in their transaction history) | Your registered business name |
| Payments for Platforms support | ✅ |
Choose the integration method that best suits your needs
Airwallex has built a range of client-side integration methods that allow you to manage your UI, minimize your implementation effort, and allow you to get to market quickly.
| Online payments via your own website/app | Online payments via ecommerce plugins | Payment links & Invoice Integrations |
|---|---|---|
| ✅ Hosted Payment Page ✅ Drop-in Element ✅ Embedded Elements ✅ Mobile SDK ✅ Native API ⛔ Subscription APIs |
✅ Shopify ✅ WooCommerce ⛔ Shopline ⛔ ShopLazza ⛔ Magento |
✅ Payment Links ⛔ Xero Invoice |