Makseinkasso

Makseinkasso is a type of banking service that originated in Estonia. It is a payment service provider that enables businesses to accept payments from customers, without the need to maintain a traditional bank account. The service was launched in 2007 and has since become a popular method for making transactions in Estonia and other countries.

Under the makseinkasso system, a merchant has a unique account number that is linked to their bank account. When a customer makes a payment, the funds are transferred directly into the merchant's account, using a system similar to direct debit. This allows businesses to accept payments without the need for cash, checks, or credit cards.

One of the key benefits of makseinkasso is its low transaction fees. Merchants pay a percentage of the transaction value as a fee, which is often lower than the fees associated with traditional payment methods. This makes makseinkasso an attractive option for businesses looking to reduce their payment processing costs.

Makseinkasso has also been implemented in a number of businesses and government agencies in Estonia, allowing citizens to make payments, taxes, and other financial transactions easily and securely. The system has become an integral part of Estonia's digital payment ecosystem, and its use continues to grow with increasing popularity among Estonian businesses and citizens.