global payment guide


Receiving currencies in
Sending currencies to
Transaction processing time
1-5 working days
Available payment networks

Serbia's financial landscape has undergone considerable change in recent years, driven by technological advancements and economic growth. These developments have reshaped payment methods, affecting residents, expatriates, and business owners alike. For smooth financial dealings in Serbia, it's important to understand the available payment options. This guide provides an overview of the diverse methods and platforms now essential to Serbia's payment ecosystem, such as online payment methods and payment processing services. For nonresidents and international businesses, navigating this landscape can pose challenges in opening traditional bank accounts. Innovative financial solutions like WeavePay offer an alternative, facilitating easier access to the Serbian market.

Payment methods in Serbia
Traditional Banking and Online Payment Method

In Serbia, the well-established banking system, akin to other European countries like Romania, relies on traditional bank transfers for domestic and international transactions. This method, whether conducted at local bank branches or through online banking services, is reliable, secure, and widely accepted. However, nonresidents may encounter challenges opening accounts, prompting the need for accessible platforms like WeavePay to streamline financial transactions.

Credit and Debit Cards for Online Purchases

Credit and debit cards have gained immense popularity in Serbia, making it convenient for individuals to make offline and online purchases. Major international card networks, such as Visa and Mastercard, are widely accepted, and most businesses have point-of-sale (POS) systems to facilitate card transactions for receiving payments, which is a boon for online businesses. Contactless payments have also become increasingly prevalent, providing a quick and secure way to make small purchases.

Mobile Banking, Wallets, and Mobile Payments

The payment landscape in Serbia has undergone a significant transformation with the emergence of mobile banking applications and digital wallets. Leading banks provide mobile apps enabling users to seamlessly conduct various transactions, from bill payments to fund transfers and mobile top-ups. Digital wallets such as WeavePay offer international businesses and entrepreneurs a convenient and efficient means of payment through smartphones, emphasizing the benefits of streamlined, accessible financial transactions in the evolving digital landscape.

Cash Payments and Transaction Fees

Despite the growing popularity of digital payment methods, cash remains widely used in Serbia. Many small businesses, local markets, and service providers prefer cash transactions. ATMs, which may incur transaction fees, are readily available in urban and rural areas, allowing individuals to withdraw cash conveniently.

Payment Regulations and International Bank Accounts

Being aware of the regulatory landscape when making payments in Serbia is crucial. The National Bank of Serbia oversees financial institutions and payment services, ensuring compliance with relevant regulations. An International Bank Account and knowing your IBAN (International Bank Account Number) is essential for international transactions. Non-resident bank accounts may also be required for specific transactions.

Payment Network in Serbia

SWIFT is valuable in Serbia for facilitating secure and standardized international financial transactions. As Serbia engages in global trade and financial activities, SWIFT's extensive network provides a reliable platform for communication between domestic and international financial institutions. The standardization offered by SWIFT ensures consistency and efficiency in cross-border transactions, while its robust security measures safeguard sensitive financial information. Using SWIFT in Serbia aligns with international best practices, offering a seamless and trusted method for conducting secure and timely transactions and supporting the country's integration into the global financial ecosystem.


In Serbia, utilizing SEPA (Single Euro Payments Area) can bring substantial benefits, especially for businesses engaged in online transactions and international trade. SEPA's integration supports various online payment methods, ensuring seamless transactions for businesses and customers. With standardized processes, including bank transfers and the utilization of IBAN (International Bank Account Number), SEPA enhances the efficiency of online payment processing. Businesses can leverage non-resident and international bank accounts, facilitating smoother transactions with partners in the Eurozone.

Moreover, SEPA minimizes transaction fees, making it an attractive option for online businesses to receive payments, accept online payments, and expand their international reach.

Advantages of using WeavePay

WeavePay stands out with personalized compliance reviews, navigating complex business structures effectively, and accepting unique cases that others might decline. Despite our adaptability, WeavePay maintains a strict policy against high-risk sectors like gambling, crypto, and adult industries. 

Here are a few reasons businesses prefer using WeavePay:

  • 30+ currencies
  • Personalized, friendly support
  • Physical and virtual debit cards
  • Transparent pricing

See if you qualify for an account today.