What is the payment gateway in Latvia?

28 Aug 2023 By PAYCEC

In Latvia, one of the prominent payment gateways available is called "Maksekeskus." Maksekeskus is a leading payment service provider that offers secure and efficient payment solutions for businesses operating in Latvia and other Baltic countries.

Maksekeskus serves as an intermediary between merchants and financial institutions, facilitating online payment transactions. It provides a range of services including payment processing, fraud prevention, and reconciliation, helping businesses seamlessly accept various payment methods and currencies.

Merchants can integrate Maksekeskus into their e-commerce platforms, allowing customers to make payments using credit cards, debit cards, and alternative payment methods such as bank transfers or digital wallets. Maksekeskus ensures the secure transmission of payment data and supports popular card schemes like Visa, Mastercard, and Maestro.

One of the advantages of Maksekeskus is its ability to handle multi-currency transactions, enabling businesses to accept payments in different currencies and receive settlements in their preferred currency. This feature is particularly beneficial for e-commerce businesses that cater to international customers.

Maksekeskus also provides merchants with reporting and analytics tools, allowing them to gain insights into their transaction data, track sales performance, and manage payment disputes efficiently.

Additionally, Maksekeskus focuses on ensuring a smooth checkout experience for customers, offering features such as one-click payments, recurring billing, and a mobile-optimized interface to enhance user convenience.

It's worth noting that while Maksekeskus is a notable payment gateway in Latvia, there may be other payment gateways available in the country. Merchants in Latvia should research and select a payment gateway that aligns with their specific business requirements, customer preferences, and regulatory compliance.