What is the payment method in Macedonia?

09 Oct 2023 By PAYCEC

Payment methods in Macedonia are a burgeoning and diversified landscape that caters to modern consumer preferences. Here's an insightful glimpse into the payment methods that resonate with the Macedonian populace.

1. Macedonian Denar (MKD):

The national currency, Macedonian Denar (MKD), remains the primary mode of payment methods in Macedonia. Easily accessible through ATMs and banks, it's indispensable for everyday purchases.

2. Cards Take Center Stage:

Credit and debit cards, notably Visa and Mastercard, have firmly established dominance in the urban and commercial hubs. Contactless payment methods in Macedonia have taken root, underscoring the nation's embrace of cutting-edge payment tech.

3. Bank Transfers:

For substantial transactions, bill settlements, and salary transfers, bank transfers are a reliable choice. A burgeoning online banking ecosystem streamlines electronic fund transfers, making financial management effortless.

4. Mobile Payment Revolution:

The rise of mobile payment apps has ushered in a new convenience level. Revolut and an array of banking apps facilitate peer-to-peer transfers, bill payments, and online shopping, empowering Macedonians to transact seamlessly on their smartphones.

5. Varied E-Wallets:

While e-wallets are gaining traction, their popularity is still evolving. Specific e-wallets cater to online purchases and transfers, diversifying payment options.

6. Checks and Online Platforms:

Checks, while less prevalent, remain an option, predominantly for business-to-business transactions. Online payment platforms like PayCEC cater to international trade and e-commerce enthusiasts.

7. Cryptocurrency's Niche Presence:

Cryptocurrencies such as Bitcoin have made inroads but are yet to achieve widespread acceptance in the Macedonian market.