One of the most common questions we get at FeeFox is: “Should I use a local Greek bank acquirer (for example Eurobank or Piraeus) or a platform like Stripe or Revolut Business?”
The answer is not one-dimensional. It depends on your volume, industry, and customer profile.
Traditional banks (acquirers)
Greek banks (often in partnership with acquirers such as Worldline or Cardlink) offer one major benefit: a Greek IBAN. That can simplify settlements and accounting operations.
Advantages:
- Local support.
- Better compatibility with domestic financial workflows.
- Often lower debit-card pricing for domestic transactions.
Disadvantages:
- Longer and more complex onboarding processes.
- In some cases, less modern API and dashboard experience.
Payment service providers (PSPs)
Players like Stripe and Revolut changed expectations in payments. They offer fast setup, strong developer tooling, and excellent user experience.
Advantages:
- Very fast activation.
- Broad payment-method support (Apple Pay, Google Pay, and more).
- Higher conversion potential through smoother checkout.
Disadvantages:
- Often higher blended or flat fees when volume is still moderate.
- Support quality can vary depending on ticket complexity.
So who wins?
For a new e-commerce store, a PSP can be the fastest path to launch. But once monthly card volume passes a meaningful threshold (for example, EUR 50,000), the gap between PSP pricing (for example 1.2% + EUR 0.25) and bank pricing (for example 0.8% with no flat fee) can mean thousands of euros per year.
The FeeFox approach
At FeeFox, we do not promote “favorite” providers. We analyze your real numbers and recommend the provider mix that leaves the most profit in your business.
Not sure if you are overpaying? Start a free comparison here.