Accepting BankAxept as a merchant
BankAxept is the Norwegian domestic debit card scheme. It is delivered by Stø AS, which states that it is owned by 104 Norwegian banks through the same parent company as Vipps. The shopper pays in the shop with a BankAxept card, by chip and PIN or contactless, and BankAxept states that 8 out of 10 purchases in a physical shop are made with it. BankAxept publishes its own merchant price and invoices it to the merchant itself. What a BankAxept payment costs you is therefore never a single rate. It is BankAxept's invoice, your acquirer's or PSP's fee and the terminal, added up.
Published prices for BankAxeptPer provider, country and channel, further down this pageGo to the pricesHow to accept BankAxept as a merchant
BankAxept describes three steps. You obtain a payment terminal from a supplier, you sign an acquiring agreement, which BankAxept states is an agreement between you and your bank, and you then accept BankAxept's own terms of use with BankID through a link that BankAxept sends by email. The terms are with Stø AS, and they end automatically, with BankAxept switched off, when your acquiring agreement ends without a replacement.
A PSP route does not remove the second contract. Adyen publishes its BankAxept price as 0.11 euro per transaction plus a direct contract with BankAxept. Whichever route you choose, the BankAxept price itself is agreed with BankAxept, and the acquirer or PSP charges for its own part on top.
Rail
BankAxept is a domestic debit card that clears between Norwegian banks
A BankAxept payment is a debit card payment from the shopper's bank account. The rules on BankAxept infrastructure, published by Bits, require authorised transactions to be included in the first net clearing in NICS after authorisation. Norges Bank describes NICS as the banks' common system for receiving and clearing payment transactions, with the clearings passed on for settlement in Norges Bank's settlement system.
For the merchant that means settlement through the acquirer, not through the scheme. BankAxept's terms state that Stø AS is at no point in possession of the funds and that the acquirer pays the settlement out to the merchant's chosen settlement account. BankAxept states that the money reaches your account the day after, and SpareBank 1 Nord-Norge's acquiring agreement sets credit at the latest on the first working day after the merchant has submitted the transaction for settlement.
BankAxept's price does not come out of that settlement. Its terms state that the invoice goes to the organisation number the merchant has registered on its Min side, payable within 10 days, and BankAxept invoices monthly. Reconciliation therefore covers two flows: settlement from the acquirer and an invoice from BankAxept.
Where BankAxept is used, and where it is sold
BankAxept is a Norwegian scheme and states it is not pursuing international expansion. Norges Bank writes that BankAxept is mainly used with physical cards at domestic points of sale. Use beyond the terminal is limited: in its 2024 report on financial infrastructure, Norges Bank wrote that large grocery chains such as NorgesGruppen and Rema 1000 would open for e-payment with BankAxept, and that Coop planned to use BankAxept as the underlying payment instrument in its customer app Coopay.
The merchant side is wider than the shopper side. In the index, Adyen offers BankAxept to merchants established in the EU, in the United Kingdom and in Norway, so a retailer from elsewhere with stores in Norway can take it on the same contract as its other European stores. The cards are Norwegian, so the volume is wherever Norwegian shoppers pay in your shops.
Pricing
BankAxept publishes its price, and the processing fee comes on top
BankAxept publishes prices that apply from 1 July 2026, in Norwegian kroner and excluding VAT. The turnover price is 0.161% of turnover before discounts, falling in steps with monthly turnover, with the step applied to the whole month's turnover. A subscription of 150 kroner per BAX number per month is charged only in months with transactions, and the price per transaction never exceeds 15 kroner. Adyen publishes 0.11 euro per transaction plus the direct contract with BankAxept. A Norwegian bank charges for acquiring according to its own price list.
Take a store with 5,000 BankAxept payments a month at an average of 40 euro, so 200,000 euro. At Norges Bank's rate of 10.6955 kroner per euro on 12 October 2026, BankAxept's turnover price of 0.161% before discounts comes to 322 euro and the subscription about 14 euro. Adyen's fee is 550 euro. Together that is about 886 euro a month, about 10,630 euro a year, or about 0.18 euro per payment. The fixed processing fee is the larger part: 6,600 euro a year against 3,864 euro for BankAxept's turnover price.
These are published list prices and the comparison is illustrative; your quoted rate decides what you actually pay. What it shows is where to negotiate. BankAxept's price is published and changes for everyone at once, while the fee per transaction from your acquirer or PSP is what moves with your volume and your contract. On large tickets the cap does the work: 15 kroner, about 1.40 euro, is reached at a payment of about 9,317 kroner, about 871 euro.
Locations
The subscription is charged per BAX number, so small locations carry it
BankAxept charges its subscription of 150 kroner, about 14.02 euro, per BAX number per month, and its terms tie the BAX numbers to the merchant's organisation number on Min side. For a large store the subscription disappears in the turnover price. For a small location it does not. A store with 300,000 euro of BankAxept turnover a month pays about 497 euro to BankAxept, about 0.17% of that turnover. A kiosk with 3,000 euro pays 4.83 euro of turnover price plus 14.02 euro of subscription, so about 18.85 euro, about 0.63%.
A chain with 40 such small locations pays 72,000 kroner a year in subscriptions, about 6,730 euro, before a single krone of turnover price. The price page states that the subscription is charged only in months with transactions on that BAX number, so a seasonal location costs nothing while it is closed. BankAxept's help pages also carry a question about an invoice for a BAX number that does not belong to the company, so the list itself is worth checking.
Check the list of BAX numbers on your Min side against your actual points of sale before the next invoice, and have it confirmed in writing whether BankAxept's turnover steps are measured per BAX number or across your organisation number. The price page states that the step applies to the whole month's turnover but does not state the unit it measures.
Contingency
The reserve solution pays out only if your terminal is set up for it
BankAxept's reserve solution lets a merchant take payment when the network or the system goes down, and BankAxept states that it is included in the customer relationship at no extra cost. Norges Bank writes that terminals that accept the reserve solution receive a settlement guarantee for all sales in the first six hours of a communication outage, and that chains selling essential goods, such as grocery stores, pharmacies and petrol stations, can agree an extended reserve solution with a guarantee of up to seven days. Above 2,500 kroner the merchant must carry out a manual cover check with the card-issuing bank.
The guarantee is conditional. BankAxept's terms make the merchant responsible for ensuring that its terminal is set up for the reserve solution, and state that the acquirer's duty to settle can lapse for transactions that fail because of faults on the merchant's side. SpareBank 1 Nord-Norge's acquiring agreement allows the bank to reverse, without notice, an amount that is not covered by the settlement guarantee. Agree in writing with your terminal supplier that every terminal is configured for the reserve solution, and with your acquirer how long the guarantee runs for your stores and who carries a payment taken outside it.
On a co-badged card and in a wallet, the terminal decides which price applies
BankAxept is also issued on cards combined with an international brand. Norges Bank states that on such a card the point of sale can choose which card network is used, and that under the rules the payer can still override that choice. BankAxept asks merchants to request BankAxept as the preferred payment method when they contract the terminal supplier. The setting on the terminal therefore decides whether a payment carries BankAxept's price or the price of the international scheme.
Mobile payments move the same question to the phone. BankAxept states that the first banks launched Apple Pay and Vipps payments with BankAxept in 2024, and that over 80 percent of BankAxept cards can now be used for tapping with both. Norges Bank observes that growing use of mobile payments with international cards in shops raises the cost of payments. BankAxept shows its price for mobile NFC payments as a separate line on the invoice, so that line shows how much of your mobile volume runs on BankAxept.
Which payment providers support BankAxept
In the index, Adyen, Aera, Surfboard Payments and Verifone offer BankAxept in-store. Adyen publishes its fee as 0.11 euro per transaction plus a direct contract with BankAxept, and the other three publish no price for it in the index. BankAxept names further terminal and point-of-sale partners, among them Nets, Swedbank Pay, Softpay and Loomis Pay, and Norwegian banks offer the acquiring agreement directly.
The questions to put to each are the same: the fee per transaction or per cent on top of BankAxept's own price, the terminal fee, whether BankAxept is set as the preferred network on co-badged cards, whether every terminal is set up for the reserve solution, and on which day the settlement reaches your account.
Retail Payment Methods Transparency Index
Published prices for BankAxept, per provider
4 providers in the index offer BankAxept to merchants established in Europe, and one of them publishes a price.
Each rate is shown as the provider prints it, and the provider's name links to the page it was read on. A published rate is a list rate: what a merchant actually pays is stated in the quoted rate and the contract.
The country where your business is established and from which you sell. Shoppers pay with BankAxept in: Norway.
Includes the prices providers publish for merchants anywhere in the EU, marked EU-wide.
| Provider | Per transaction | Channel |
|---|---|---|
| Adyen Merchants anywhere in the EU | €0.11 + Direct contract with BankAxeptProcessing fee + Plus the method owner’s fee | In-store |
| Adyen Merchants in the United Kingdom | £0.11 + Direct contract with BankAxeptProcessing fee + Plus the method owner’s fee | In-store |
| Adyen Merchants in Norway | €0.11 + direct contract with BankAxeptProcessing fee + Plus the method owner’s fee | In-store |
| Adyen Merchants in Poland | €0.11 + direct agreement with BankAxeptProcessing fee + Plus the method owner’s fee | In-store |
| Aera Merchants in Norway | No price published | In-store |
| Surfboard Payments Merchants in Norway | No price published | In-store |
| Verifone Merchants in Norway | No price published | In-store |
Source: EcomStream, Retail Payment Methods Transparency Index, ecomstream.eu/payment-methods-transparency-index. Read at source between 22 September 2026 and 5 October 2026. A provider that believes a row is wrong can write to index@ecomstream.nl. Every reported correction is checked at the source.
Reviewing what BankAxept costs you
What you pay for BankAxept is set in two agreements: BankAxept's published price list and the agreement with your acquirer or PSP. Start by establishing whether you are overpaying your PSP, and where Norwegian stores carry a material share of your in-store volume, price the acquiring fee and the subscriptions per location next to BankAxept's turnover price before you renew. BankAxept's terms require three months' notice of a price change.
Relevant markets: Norway
Payment set-up check
Running stores in Norway? Let's check what BankAxept really costs per location.
Enter your webshop. The check sets your checkout against what shoppers in each of your markets expect, and names the gaps. If you want, it then calculates what those gaps cost you in euros.
Ramon Helwegen
