In 2026, Greek e-commerce is at an important turning point. With international card-network costs still material, IRIS Payments has become a strong domestic alternative.
If your target is lower operating cost this year, account-to-account payment rails should be part of your strategy.
What is IRIS e-commerce?
IRIS enables consumers to pay directly from their bank account via e-banking flows. For merchants, this can reduce dependence on card rails and related intermediaries.
Why e-commerce teams should evaluate it in 2026
1. Lower fee profile
Card transactions can range from roughly 0.8% to 2.5% depending on mix and setup. IRIS can materially lower weighted average cost when adoption is meaningful.
2. Faster settlement
Forget T+1 or T+2 assumptions. IRIS can settle in near real time, improving cash flow and reducing working-capital pressure.
3. Very low chargeback exposure
Because payment is strongly authenticated inside the bank environment, fraud and dispute risk is typically much lower than card-not-present flows.
How to integrate it effectively
Many merchants bury IRIS in the payment list. To see real impact:
- Promote it in checkout: Offer a small incentive (for example 1% discount) to steer traffic to lower-cost methods.
- Educate customers: IRIS familiarity is already high in Greece thanks to peer transfers.
FeeFox view
At FeeFox, we see IRIS as a strategic complement, not a total replacement for cards. A smart mix can reduce blended payment cost significantly.
Want to estimate how much you can save by changing your payment mix? Start your free analysis here.