Autogiro

What is Autogiro?

Autogiro is a popular direct debit system in Sweden. It allows businesses to collect payments automatically from customer bank accounts. This method is ideal for recurring billing and one-time purchases. Customers provide a mandate once to authorize future transactions without manual intervention.

How does this payment gateway work?

The process begins when a customer signs a digital mandate in your store. You then send a payment request to the bank through the secure Autogiro network. The bank verifies the authorization and clears the funds. Money moves directly from the shopper bank account to your merchant account.

Supported Currencies and Countries 

This system supports the Swedish Krona. It serves shoppers with bank accounts in Sweden. Local customers prefer this method for its simplicity and security. It allows your store to cater specifically to the Swedish market by offering their preferred domestic payment choice.

Why Shopify Merchants Should Accept Autogiro?

Swedish shoppers trust Autogiro for subscriptions and regular bills. Accepting this method reduces payment failures caused by expired or lost credit cards. You improve cash flow by controlling the collection dates. Offering local options increases conversion rates among Swedish consumers who avoid using cards online.

Secure and Reliability

Autogiro operates under strict Swedish financial regulations. Every transaction requires a valid mandate confirmed by the account holder. This system uses encrypted banking channels to ensure data integrity. It provides a stable and predictable environment for high volume transaction processing.

Broader Market Reach

Offering direct debit reaches customers who do not own credit cards. You tap into a demographic that values traditional banking security. Localized payments signal professional commitment to the Swedish region. This strategy helps you capture a larger share of the Nordic e-commerce market.

How to add Autogiro to your Shopify Store?

Integrating Autogiro into your Shopify store is quick and easy. Merchants offer a secure payment option to their customers immediately. This integration increases customer satisfaction and improves conversion rates. You follow a simple setup process to connect your bank credentials and start collecting funds.