How does Approly help SMBs compare business bank accounts?

Approly uses AI-powered matching to compare business bank accounts, fintech alternatives, loans, insurance and card terminals across the Nordics, so SMBs and advisors can pick the best fit and apply with a single package.

Which countries does Approly support?

Approly serves businesses primarily across Denmark, Sweden, Norway and Finland, with additional coverage in Germany, Spain, Portugal, Romania and Bulgaria.

Is Approly free to use for business owners?

Business owners can compare products and start applications for free. Optional paid packages add document generation, KYC handling and direct submission to Providers.

Which financial solutions matter most for ecommerce?

Most ecommerce need: a business account, some form of overdraft or loan, industry-relevant insurance, and — if you have physical customers — a card terminal.

Can I apply for all 4 from one place?

Yes. Approly consolidates the application process, so you fill in your details once and can send to relevant providers across bank, loan, insurance and terminal.

How long until everything is set up?

With digital providers typically 1-2 weeks for all 4. With traditional banks 4-8 weeks.

Which business account is best for e-commerce?

Depends on whether you sell mainly in your home currency or internationally. For international shops on Shopify/WooCommerce, Wise Business and Revolut Business win on multi-currency and low FX markup (0.35–0.65 %). For mostly domestic shops, a local bank account plus Wise for FX is usually cheaper overall and integrates more easily with accounting tools.

Can I get a business loan based on my Stripe or Shopify revenue?

Yes. iwoca, Froda and Qred all accept live data from Stripe, PayPal, Klarna and Shopify Payments as underwriting input. Decisions come in 24–48 hours instead of waiting on annual accounts. Typical loan size is 50–150 % of your monthly Stripe revenue.

Do I need product liability insurance as an e-commerce business?

If you sell physical products — yes. Product liability covers claims when a product harms a customer (typical cover €1–5m). Hiscox, AXA and Allianz offer e-commerce-specific packages that also include cyber cover and business interruption — important when your shop goes down.

What does a payment gateway cost for my webshop?

Stripe and Adyen charge 1.4 % + €0.25 per European card with no monthly fee. At higher volume, Adyen and Worldline drop to 0.6–0.9 % + interchange. Most shops run 2–3 gateways in parallel to minimise checkout drop-off and keep local payment methods (iDEAL, MobilePay, Swish, Klarna) available.

Can I apply for bank, loan, insurance and terminal at the same time?

Yes — that's exactly what Approly is built for. You fill in your details once (company registration, ownership, turnover, industry) and can then send identical application packages to relevant providers across all 4 products. Typically saves 8–12 hours per product.

What do banks check before opening an account for an e-commerce business?

Banks typically require: company registration, ownership + UBOs (KYC), product category (some products — CBD, vape, supplements — are auto-declined), expected monthly turnover and chargeback history if you're already trading. Wise and Revolut more often reject first-time e-commerce; established banks and Lunar are more open.

Ecommerce — bank, loans, insurance & terminals

4 financial solutions for ecommerce

Business bank account

Business accounts that actually accept ecommerce.

Business loan

Business loans tailored to ecommerce cash patterns.

Business insurance

Business insurance covering real ecommerce risks.

Card terminal

Card terminals optimised for ecommerce.

Best financial stack for e-commerce businesses in 2026

We've assembled the providers that win most often in our matching data for e-commerce companies: business accounts with multi-currency, loans that accept Stripe/Shopify revenue as underwriting input, e-commerce insurance covering product liability and payment gateways that integrate directly with your shop.

Solution	Top pick for e-commerce	Monthly cost	Per transaction	Best for
Business account	Wise Business	€0	FX 0.35–0.65 %	Multi-currency for international shop
Business loan	iwoca Flex Loan	—	From 2 %/mo	Flexible credit line based on Stripe revenue
E-commerce insurance	Hiscox SME	From €50/mo	—	Product liability + cyber
Payment gateway	Stripe	€0	1.4 % + €0.25	Online checkout + subscriptions

FAQ — ecommerce

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Banking, loans, insurance & terminals for ecommerce