Now paymentwall is connected to all banks in Sweden, including Nordea Bank, SEB, Handelsbanken, and Swedbank, allowing every person with a bank account in Sweden to pay using online bank transfer.
Swedish Bank Transfer Checkout Flow is as follows:
1. Select your bank.
2. Login to online banking.
3. Choose preferred account and confirm the transaction.
4. Products are delivered instantly.
Over 85% of Swedes have access to online banking and research done by Paymentwall shows that 35% of people in Sweden prefer to pay online using direct transfers. Complete coverage of all major banks in Sweden, along with instant payment confirmation and chargeback-free processing, allows merchants from all over the world to increase conversions and decrease chargeback rates from regular card payments by activating online banking for their customers.