Popular payment methods in Spain and Portugal (Iberia)

Spain has a population of about , and Portugal has more than . Together, that’s about 61 million potential customers for merchants scaling into Iberia.

Both markets are growing online. Spain’s e-commerce market reached €114.8 billion in 2025, according to . And Spanish shoppers already buy from abroad. In Q4 2025, of Spanish e-commerce revenue went to merchants based abroad. Of that, 94.6% went to merchants in other EU countries.

Portugal shows the same trend. reports that e-commerce purchases rose 19% over Christmas 2025, compared with the previous year.

Entering Iberia takes two things: understanding how shoppers pay in each market and integrating the  they prefer. This article covers both.

Mobile payment methods are growing fast at online checkout in both countries, with cards remaining the base.

Even though Spain pays mostly by card online, the card share is falling. Cards made up of Spanish online payments in 2024, down from 59% in 2022. , a real-time payment solution, backed by a consortium of Spanish banks, processed 105.6 million online purchases worth €5.4 billion in 2025, up 82% on 2024.

Portugal pays through two local rails run by the national interbank network SIBS – MB WAY and Multibanco. MB WAY, a mobile wallet, has more than customers. In a March 2025 , it became the most-used online payment method in Portugal, with more than 4 million online shoppers using it regularly.

Multibanco, the national bank reference network, came second at about 3.8 million online shoppers, even though it’s strongest offline, among the shoppers who prefer paying at an ATM.

Several Portuguese merchants that shared their payment mix with Solidgate said MB WAY and Multibanco together carry about half or more of their payments.

Offering both covers Portugal’s two most-used .

options are gaining ground, too. In 2026, Klarna app had more than monthly active users in Portugal, up 57% on the same period last year.

Solidgate offers all four methods next to cards in one integration.

Bizum lets Spanish shoppers pay from their banking app using a phone number. The customer enters the number at checkout and approves a push notification in their banking app. No card is involved.

Merchants selling in Spain can combine Bizum with local card acquiring, keeping both account-to-account and card payments on domestic infrastructure. Solidgate supports one-time Bizum payments from 0.50 to 1,000.00 EUR, with full and partial refunds. Merchants can add Bizum through Payment Form, Payment Page, Payment Link, or API.

MB WAY is a mobile wallet from that connects to nearly all Portuguese banks. The customer enters a phone number, receives a push notification, and confirms with a PIN or Biometrics in the app.

Solidgate supports one-time payments, 1-click payments with a stored token, and subscription payments charged without customer action. Amounts run from 1 to 5,000 EUR. MB WAY carries no chargebacks, and disputes resolve through refunds.

Merchants can add  through Payment Form, Payment Page, Payment Link, or API.

Multibanco lets Portuguese shoppers pay a bank reference at an ATM, in a banking app, or in the MB WAY app. Your checkout shows a voucher with an entity number, a reference, and an amount.

The customer pays anywhere from minutes to days later, and a webhook confirms the payment. References expire after 24 hours by default, and you can extend the window up to 5 years.

Solidgate supports full, partial, and multiple partial refunds, and Multibanco carries no chargebacks. Merchants can integrate it through the API.

Klarna works through one redirect integration in 26 countries, including Spain and Portugal. Klarna’s eligibility check decides which options each shopper sees, such as Pay in Full, Pay in 30 Days, Pay in 3 or 4, or Financing.

Solidgate handles onboarding with , so you don’t need a direct contract. Klarna supports one-time and recurring payments, and merchants add it through Payment Form, Payment Page, Payment Link, or API.

Treat Spain and Portugal as two launches. Each country has its own payment rails, shopper habits, and VAT rate. Plan separate method sets, checkout copy in Spanish and Portuguese, and success metrics for each.

Launch in Iberia with any EU legal entity. With Solidgate, eligible merchants can add Bizum, MB WAY, Multibanco, and Klarna in a single integration. You choose the methods you need, and Solidgate handles onboarding (subject to compliance checks).

Check  support for each method. With Solidgate, merchants can charge subscriptions with MB WAY and Klarna. Bizum supports recurring payments itself, and plans to roll out subscriptions with variable recurring payments (VRP) in 2027. Solidgate will support Bizum subscriptions once VRP is available. Multibanco handles one-time payments.

Be ready for installments. In Spain and Portugal, Pay in 3 or 4 is the most popular Klarna option, so expect shoppers to split their purchases at checkout. And you receive the full amount upfront.