Smart Banking and Effortless Payments combined
Coop Pank and Montonio have joined forces to provide a seamless, all-in-one financial and payment solution tailored for online businesses in Estonia. By signing up for Coop Pank’s merchant bonus program, you can access Montonio’s popular payment services while Coop Pank covers the cost, helping you focus on growing your business and keeping more of your revenue.
Join 6,000+ businesses already growing
Why choose Montonio and
Coop Pank
The Montonio and Coop Pank partnership delivers more than just banking and payment services—it’s the solid backbone your store has been waiting for.
Keep More of your Revenue
Access banking services
Get support from local experts
How to get started
with Coop Pank
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1. Sign up with Montonio
Ensure you choose the subscription package that best meets your needs. -
2. Register with Coop Pank and sign the merchant bonus agreement
Use Coop Pank as your company’s main bank and enter into the merchant bonus agreement. If you don’t have a business bank account, you can easily open one from the button below. -
3. Integrate Montonio
Start using Montonio’s payment solution. The integration is simple and straightforward — make sure to set up Coop Pank as the receiver bank for your payments and direct payments will be made via Montonio to your company’s Coop Pank account.
FAQ
How do I start using our online payment solution and earning from the merchant bonus?
- Sign up to Montonio:
- Create a Montonio account for yourself.
- Open a Coop Pank account for your company.
- Enter into the merchant bonus agreement. If you run into problems, e-mail makselahendused@cooppank.ee makselahendused@cooppank.ee or call +372 5690 4988.
- Finish Montonio sign up and integrate
- Finish signing up your business details.
- Montonio will confirm that your account has been set up and give you access to Live API keys.
- Integrate Montonio into your website.
- Authorise Montonio to forward your monthly payment data summaries to Coop Pank. (This is needed for the calculation of the bonus.)
- More information can be obtained from Montonio’s customer support.
How big is the bonus?
The bonus covers up to €30 (excl. VAT) of the cost of the our services. You’ll find our price list here. If you make more payments, the amount of the bonus increases accordingly. For a more precise indication of the amount of the bonus, you can contact Coop Pank e-mail makselahendused@cooppank.ee.
Is the bonus paid out for the use of all our services?
No. The bonus is only calculated on the cost of the Montonio payment solution (i.e. monthly fee of service plan, sending payment links, bank payments, credit card payments and payment services like Apple Pay and Google Pay). The cost of deliveries, hire purchase and other services is not covered.
How and when is the bonus paid?
Coop Pank pays the bonus into your company’s current account once a month. It works like this: you pay your Montonio invoices; Montonio submits a monthly report to Coop Pank on clients who have entered into the merchant bonus agreements; Coop Pank will check whether you’ve met the conditions needed for you to earn the bonus; and if you have, they will calculate it and transfer the amount to your company’s account in Coop Pank.
Is the bonus just a promotional campaign, and if so, how long will it last?
No, it’s not just a campaign. Coop Pank’s aim is to offer the bonus on an ongoing basis, so there’s no end date attached to it. That said, as with their other products, they reserve the right to amend the terms and conditions of the offer or to terminate it altogether, providing sufficient advance notification to this effect.
It all sounds too good to be true! What’s the catch?
You’re right, it does sound good – and there’s no catch! We’re able to offer this service by combining Montonio’s strengths with those of Coop Pank. Of course, this means that businesses have to be active clients of both our companies.