The Montonio payment solution enables online stores to accept payments from major Baltic and Finnish banks with a single integration. Through thousands of A/B tests we've built a solution with market-leading conversions.
Montonio uses payment initiation to process payments, which has quickly become equivalent to traditional bank links in its functionality. However, the use of Montonio payment links is ten times more affordable than traditional bank links.
90% of payments made are instant payments and are sent from the customer's account directly to the merchant's account within the span of a few seconds. If the payment cannot be made as an instant payment, the money will be received as a SEPA payment every few hours on working days. Regular payments initiated on weekends and public holidays will be credited to the merchant's account on the next business day between 08.45-10.00.
All payments are received in one bank account designated by the merchant. Unlike bank links, Montonio payment links do not require you to open a bank account in all the banks you receive payments from.
We offer payment links for all banks in Estonia, Latvia, Lithuania and a few major banks in Finland.
We currently support the payment links of the following banks: Swedbank, SEB, LHV, Coop, Luminor, Šiaulių Bankas, Medicinos Bankas, Nordea and OP.
We have integrations for Nordea and OP Bank. We are working on getting other major Finnish banks integrated as well.
On the payment page in the online store, the customer selects the bank from which they want to initiate the payment and is directed to the bank for authentication. If the customer has several accounts in the selected bank, they select the account from which they wish to initiate the payment and are shown the payment details. If they only have one account with the selected bank, they will be shown the payment details immediately. In the last step, the customer confirms the payment and is redirected back to the online store.
In the case of payment links, banks have a legal obligation to ensure that initiated payments cannot be canceled.
Credit card payments are live. You can activate card payments from our partner system after signing up.
The price of one payment is fixed at 0.05 € + VAT, and never more than that!
The pricing for credit card payments is 1.4% + 0.25€ per transaction.
We do not ask for a separate monthly fee, but the minimum monthly bill is 5 € + VAT. For example: if there are 90 payments per month, the minimum monthly bill of 5 € + VAT applies. If there are 200 payments per month, the bill is 200*0,05=10 € + VAT.
No, there are no sign-up fees of any kind.
No! Payments in all countries are based on the same price list: 0.05 € + VAT per payment.
No. We keep records of each transaction and invoice for service fees once a month.
The payment link service is provided through the innovative payment initiation service created by the Second Payment Services Directive (PSD2). In the case of traditional bank links, banks charge payment service providers a commission. They cannot charge a commission for the payment initiation service. Demand for our service is also on a strong growth trend, and due to the increase in volumes, we can offer the price that every merchant has dreamed of.
The integration is as easy as installing a plugin on the most popular e-commerce platforms and usually takes a few minutes. For other custom solutions, we have our own documentation that allows us to make tailor-made integrations. Both our API documentation and plugins can be found in the Integrations section on the bottom of the page.
Montonio has plugins available for WooCommerce, Prestashop, Magento 1 & 2, Odoo, Voog, OpenCart, and CsCart platforms. In addition, we have our own API documentation for custom integrations. The list of platforms for which we have plugins available is constantly expanding, therefore, if we do not yet offer a plugin for the e-commerce platform you are using, we still recommend that you indicate your interest. We will be among the first to let you know when the corresponding plugin is ready.
We are currently in negotiations with Shopify, Shoproller and Verskis platforms.
Yes, one company can integrate multiple e-commerce stores with us.
A high level of data security is our priority. We follow the data security rules prepared on the basis of ISO 27001, and our data security is regularly audited by specialized IT auditors.
We have a liability insurance contract in the amount of 1.5 million euros with one of the largest insurers in Europe, whose Standard & Poor's rating is A (excellent). Liability insurance covers, among other things, potential claims related to security incidents and fraud.
Yes, Montonio is an Estonian Company. Our founders, core team, and a large number of our investors come from Estonia. We have also established a subsidiary in Lithuania, Montonio Finance UAB, through which we offer payment services. We have been operating since 2018.
We have an activity license for a credit intermediary from the Estonian Financial Supervision Authority(license number: 4.1-1/95).
We have a payment institution license issued by the Central Bank of Lithuania, which allows us to provide payment services throughout the Baltics and Finland (license number: LB002007).
Our team consists of more than ten people and we operate in all of the Baltic countries. Our council includes Martin Sokk, the former product manager of TransferWise, and Veljo Otsason, the partner of the Trust Fund Superangel One.
Our investors include Estonian venture capital funds Superangel One, Lemonade Stand, Startup Wise Guys, Lithuanian venture capital fund Practica Capital, Finnish venture capital fund Gorilla Capital, former TransferWise executives Triin Hertmann and Martin Sokk, Bolti's product manager Jevgeni Kabanov and one of the world's most successful angel investors Charlie Songhurst.
Didn't find an answer to your question?
Don't worry! Send us an email and we will get in touch