Advantages:
1. Extremely popular in Norway
With over 4 million users, Vipps is the dominant payment method in Norway. If you do business in this market, you will significantly increase your conversion rate by offering Vipps. Many Norwegian consumers even expect it at checkout.
2. Super-fast mobile checkout
Vipps is fully optimised for mobile use. Customers pay via their app, without any intermediate steps or card details. This ensures smooth, fast processing and fewer dropouts, especially on smartphones.
3. Instant confirmation and real-time processing
As soon as the customer pays via Vipps, you as a business owner will receive immediate confirmation of the transaction. This speeds up order processing and shipping, and ensures clarity in your administration.
4. Trusted and secure payment method
Vipps was developed by Norway's largest bank (DNB) and is widely supported by other banks. The security and reliability of the app give customers confidence to complete their payments — even at lesser-known online stores.
Disadvantages:
1. Only available to Norwegian customers
Vipps is exclusively available to consumers with a Norwegian bank account and mobile number. For international customers, you should always offer alternatives such as credit cards or PayPal.
2. Not all PSPs support Vipps as standard
Not every international Payment Service Provider offers Vipps. This may limit your choice of PSP, especially if you want to serve multiple countries simultaneously from a single integration.
3. Currency conversion and settlement may incur additional costs
Transactions via Vipps are made in Norwegian kroner (NOK). If your webshop operates in a different currency (e.g. EUR), currency conversion fees or exchange rate surcharges may apply to payouts.
4. No built-in support for recurring payments
Vipps is designed for one-off transactions. For subscriptions, it is less suitable than methods such as SEPA Direct Debit or credit cards, which support automatic recurring payments.
