Introduction
Spain’s e-commerce market is booming, with digital transactions becoming the norm. To accommodate the growing demand, choosing a reliable payment gateway is essential. This guide covers the top 10 payment gateways in Spain, helping businesses select the best platform for secure, smooth, and versatile transactions.
1. Redsys
Overview:
Redsys is one of Spain’s leading payment processors, collaborating with major banks in Spain to provide a seamless payment experience. It supports multiple payment methods and is known for its strong local support.
Key Features:
- Local currency (EUR) support with broad payment method options
- Advanced fraud prevention features
- Easy integration with Spanish banks
Fees:
Fees vary based on the partnering bank’s policies.
Best For:
Small to medium-sized businesses in Spain looking for robust local support.
2. BBVA NetCommerce
Overview:
BBVA’s payment gateway, NetCommerce, provides a secure and reliable solution for Spanish businesses. With extensive local support, it’s ideal for businesses that require a Spanish bank’s integration.
Key Features:
- Integration with BBVA bank accounts
- Full EUR support and multi-currency options
- Comprehensive fraud protection
Fees:
Fees depend on the type of BBVA business account and transaction volume.
Best For:
BBVA account holders or businesses needing local bank integration.
3. PayPal
Overview:
PayPal is a popular option in Spain due to its global reach and user-friendly interface. It supports local currency, making it a convenient choice for businesses with international and local customers.
Key Features:
- Secure and well-recognized by consumers
- Supports EUR and international currencies
- Instant payments and easy integration with e-commerce platforms
Fees:
Standard PayPal transaction fees, plus additional charges for currency conversion.
Best For:
Businesses serving both local and global customers.
4. Stripe
Overview:
Stripe is well-suited for tech-forward businesses in Spain needing a customizable and developer-friendly payment gateway. Its comprehensive API enables advanced customization.
Key Features:
- Supports over 135 currencies, including EUR
- Robust API for custom integrations
- Real-time reporting and security features
Fees:
Flat-rate transaction fees, with extra fees for international payments.
Best For:
Medium to large businesses with custom payment needs and global customers.
5. Banco Santander TPV Virtual
Overview:
Banco Santander’s TPV Virtual is an online payment service tailored for businesses in Spain, especially those already banking with Santander. It offers comprehensive local support and seamless integration with Spanish businesses.
Key Features:
- Supports all major credit and debit cards
- Enhanced security features
- EUR support with multi-currency options
Fees:
Variable, often negotiated based on business size and transaction volume.
Best For:
Businesses with Banco Santander accounts or those requiring Spanish bank integration.
6. Adyen
Overview:
Adyen is a powerful choice for Spanish businesses looking for a high-end, multi-channel payment solution with advanced security features. It supports extensive currency options and is known for its versatility.
Key Features:
- Multi-channel support, including in-store and mobile payments
- EUR support with over 150 currency options
- Real-time analytics and monitoring
Fees:
Adyen charges processing and transaction fees, with discounts for high volumes.
Best For:
Medium to large businesses with an international customer base.
7. Bizum
Overview:
Bizum is a local mobile payment solution widely used in Spain, especially for peer-to-peer and online transactions. It’s becoming popular in e-commerce due to its ease of use for Spanish customers.
Key Features:
- Direct integration with Spanish bank accounts
- Instant transfers for a seamless user experience
- EUR support
Fees:
Varies by bank, generally low for customers with participating banks.
Best For:
Businesses looking for a quick and easy payment option for Spanish customers.
8. MyBank
Overview:
MyBank is a European online banking-based payment solution that allows Spanish customers to make direct bank transfers for online purchases. It offers high security and trust for Spanish and European clients.
Key Features:
- Bank transfer payment method with instant authorization
- EUR support for Spanish customers
- Strong security measures
Fees:
Varies by business size and transaction volume, with discounts for high volumes.
Best For:
Businesses focusing on the European market that need secure, direct payment options.
9. Klarna
Overview:
Klarna is growing in popularity in Spain, offering a “buy now, pay later” option that’s appealing to e-commerce businesses. It integrates easily with major platforms and is customer-friendly.
Key Features:
- Flexible payment plans, including pay later and installments
- Multi-currency support, including EUR
- Seamless integration with e-commerce platforms
Fees:
Klarna charges a fee per transaction, based on sales volume.
Best For:
E-commerce businesses looking to offer payment flexibility.
10. Mollie
Overview:
Mollie is a Netherlands-based payment provider that supports Spanish businesses with a range of payment options and transparent pricing. It’s ideal for cross-border e-commerce in Europe.
Key Features:
- Supports over 20 payment methods, including local options
- Transparent pricing with no hidden fees
- Excellent recurring payment support for subscriptions
Fees:
Transaction-based fees with no setup costs, making it affordable for small to medium businesses.
Best For:
Businesses targeting European customers with varying payment preferences.
FAQs
1. Can Spanish businesses use global payment gateways like Stripe and PayPal?
Yes, both Stripe and PayPal are available in Spain and support EUR transactions, which makes them versatile options.
2. What should I consider when choosing a payment gateway in Spain?
Key factors include fees, security, currency support, integration ease, and compatibility with your business’s e-commerce platform.
3. Is EUR support essential for payment gateways in Spain?
Yes, EUR support is crucial as it minimizes currency conversion fees and provides a seamless experience for Spanish customers.
4. Are there payment gateways in Spain that don’t require a local bank account?
Some international gateways like Stripe and PayPal do not require a local bank account, but locally integrated gateways like Redsys and Bizum typically do.
5. Do Spanish payment gateways offer “buy now, pay later” options?
Yes, options like Klarna provide “buy now, pay later” services, which are increasingly popular in Spain’s e-commerce market.
Conclusion
Selecting the right payment gateway is essential for the success of any Spanish business, from local shops to international e-commerce ventures. Each of the gateways highlighted here provides unique benefits, catering to different business models and needs. Whether you require strong local support or advanced customization, choosing the right gateway will help drive successful, seamless transactions.
