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Customer Support

669 0966
Mon-Fri 08.30-19.00

klienditugi@cooppank.ee

Available 24/7 for blocking the card or Internet bank access: 669 0966

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Coop Pank AS, Maakri 30, 15014 Tallinn, Registry code: 10237832, SWIFT/BIC: EKRDEE22

You are on the website of the companies Coop Pank AS and Coop Liising AS that provide financial services and the insurance marketing company Coop Kindlustusmaakler AS. Before committing to an agreement read the terms and conditions of the respective service and, if necessary, consult an expert. By continuing to use the site, you are agreeing to the terms and conditions of website use.

    E-commerce

    Two people are working in a warehouse, one holding a tablet and the other holding a package. In the background, there are many storage boxes and shelves.

    Grow your store, not your costs!

    Receiving payments for online merchants is free of charge for Coop Pank's business clients.

    In cooperation with Montonio, we offer online businesses one of the most popular all-in-one payment solutions in Estonia, comprising

    • bank payments
    • card payments
    • Apple Pay
    • Google Pay
    • payment links on invoices
    • deliveries and refunds

    The solution also supports a range of platforms, including WooCommerce, Magento, PrestaShop and OpenCart. API options are available for custom solutions.

    Plus, we pay business clients* up to 100% of the cost of their use of the payment solution!

    * who are liable to VAT.

    A man working on a laptop in an open office. In the background, there are many shelves with various cardboard boxes.

    Merchant's bonus

    Sign up for Coop Pank's merchant bonus and we'll pay you up to 100%* of the cost of using the Montonio payment solution!

    What do I have to do to get the bonus?

    1. Firstly, use Coop Pank as the main bank for your company.** If you don't yet have a business client account, you can open one here.
    2. Next, enter into a merchant bonus agreement with us here.
    3. Finally, start using the Montonio online payment solution. Signing up is free of charge and integrating the system is simple. Payments made to you via Montonio should be directed to your company's account in Coop Pank.

    * The bonus is paid once a quarter at a rate of up to 2% of your company's average account balance per annum.

    ** At least 60% of your turnover should be received in Coop Pank, more than 30% of which should not be transferred to your accounts in other banks.

    All online store payment methods from Montonio

    Payment methods

    In terms of bank payments, majority of all Estonian, Latvian, Lithuanian, Finnish and Polish banks are covered. Mastercard, Visa and American Express card payments are accepted. Buyers can also pay using Apple Pay, Google Pay, Revolut and N26.

    Payment links

    By automatically appending payment links to your outgoing invoices, you could increase the number of invoices that are paid straight away and reduce the number of debts you have to chase.

    Refunds

    Automate refunds via API or do so in the Montonio Partner System with just a couple of clicks.

    Shipping

    Centralise your shipping providers in one platform: the module currently includes Omniva, SmartPost, DPD and Venipak deliveries.

    Platforms

    API is available for WooCommerce, Magento, PrestaShop, OpenCart, Shopware and custom solutions.

    Buy now, pay later

    Buyers can pay later in one, two or three equal parts without incurring any additional fees or interest.

    For more details, see www.montonio.com

    A person is holding a smartphone with the Montonio payment solution open. They can choose between Swedbank, SEB, LHV, Luminor, and Coop Pank for the payment.

    6000

    companies and counting

    Montonio is one of Estonia's leading and most highly recommended payment solutions.

    97%

    satisfied customers

    Surveys have shown that Montonio's clients are very happy with their service.

    97%

    conversion of payments

    Montonio is one of the most technically stable payment solutions in Estonia.

    99,97%

    reliability

    We know that payment solutions simply have to work. That's why our system is under the watchful eye of our engineers 24/7.

    A Coop Bank business client manager sitting at a table with a client. On the table, there's a laptop and various documents.

    Coop Pank: A convenient and affordable bank for your business

    Simple Internet and mobile banks

    Whenever and wherever you happen to be, you'll always enjoy convenient access to your finances with our Internet and mobile banks.

    Settlements that are always free of charge

    Our Corporate Plan comes with no monthly fee and no account management fee. You can make as many Estonian and European payments as you like in our Internet and mobile banks free of charge.

    Grow your money in your current account

    The more actively you use our business products and services, the more interest we pay on your money: from 0.5% up to 2.0%.

    Your own account manager

    A personal account manager is assigned to every one of our business clients, offering you professional advice on your money matters and available at any time.

    Flexible investment solutions

    Our financing solutions come tailor-made. We listen to what you need and do everything we can to help you turn those ideas into reality.

    Integration with other software

    Automation of your banking helps you save time and avoid mistakes. The Coop Pank Gateway interface is available in all of the main accounting software used in Estonia.

    Merchant bonus – good to know

    • Standard terms and conditions of merchant bonus agreement

    • It means that whenever an invoice is generated by your accounting software, a payment link or button is automatically appended to it. If the client clicks on said link or button, a page opens up in their browser on which they can choose their payment method (e.g. a transfer from their home bank). This then opens up their bank’s payment page, where they can log in to their account and confirm the transfer.

      This makes paying invoices quicker and easier, because the payer no longer has to copy and paste any of the invoice details. Your company’s IT specialist or partner will have no trouble integrating the system – all they need to do is look at the documentation for both Montonio and your own accounting software. Montonio’s payment link documentation can be found here.

    • No, it’s not just a campaign. Our aim is to offer the bonus on an ongoing basis, so there’s no end date attached to it. That said, as with our other products, we reserve the right to amend the terms and conditions of the offer or to terminate it altogether, providing sufficient advance notification to this effect.
    • You’re right, it does sound good – and there’s no catch! We’re able to offer this service by combining Coop Pank’s strengths with those of Montonio. Of course, this means that businesses have to be active clients of both our companies.

    • Coop Pank pays the bonus into your company’s current account on the 24th of the month following the end of a quarter. It works like this: you pay your Montonio invoices; Montonio submits a report to us on clients who have entered into online trader’s bonus agreements; we check whether you’ve met the conditions needed for you to earn the bonus; and if you have, we calculate it and transfer the amount to your company’s account in Coop Pank.

    • No. The bonus is only calculated on the cost of the Montonio payment solution (i.e. monthly fee of service plan, sending payment links, bank payments, credit card payments and payment services like Apple Pay and Google Pay). The cost of deliveries, hire purchase and other services is not covered.
    See all questions