E-commerce

1. Open a Coop Pank account for your company.
2. Enter into the merchant bonus agreement. If you run into problems, e-mail makselahendused@cooppank.ee makselahendused@cooppank.ee or call +372 5690 4988.
3. Sign up to Montonio:

• Create a Montonio account for yourself.
• Montonio will confirm that your account has been set up and give you access to Live API keys.
• Integrate Montonio into your website.
• Authorise Montonio to forward your monthly payment data summaries to Coop Pank. (This is needed for the calculation of the bonus.)
• More information can be obtained from Montonio’s customer support.

The bonus covers up to €30 (excl. VAT) of the cost of the Montonio service or ca 200 payments. If you make more payments, the amount of the bonus increases accordingly. For a more precise indication of the amount of the bonus, e-mail makselahendused@cooppank.ee. You’ll find Montonio’s price list here.

No. The bonus is only calculated on the cost of the Montonio payment solution (i.e. 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.

Coop Pank pays the bonus into your company’s current account once a month. It works like this: you pay your Montonio invoices; Montonio submits a monthly report to us on clients who have entered into the merchant 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, 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.

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.