What is IRIS Online Payments?
IRIS Online Payments is a digital payment platform developed in Greece, enabling individuals, businesses, and organizations to initiate and receive payments securely and efficiently. Operated through the Hellenic Bank Association and supported by major Greek banks, IRIS facilitates real-time money transfers, bill payments, and e-commerce transactions without needing card details. The service supports transactions in EUR and integrates with both online shopping platforms and mobile banking apps. By providing a simple and trusted method for peer-to-peer, business, and government payments, IRIS aims to streamline the payment experience for its users while maintaining high security standards and regulatory compliance within the European payment ecosystem.
How to use IRIS Online Payments?
- Register with a participating Greek bank that supports IRIS.
- Access IRIS through your bank’s mobile app or online banking portal.
- Select the “IRIS Payments” option.
- Enter the recipient’s mobile number, email, or IBAN.
- Specify the amount and payment purpose.
- Confirm the transaction to complete the payment.
The pro's of using IRIS Online Payments
- Enables instant payments within participating banks, improving cash flow.
- No need to share sensitive card details; uses mobile or email identification.
- Well-integrated with major Greek banks and popular e-commerce platforms.
- Low or zero transaction fees for basic peer-to-peer payments.
- Enhanced security and regulatory compliance for EU-based users.
The con's of using IRIS Online Payments
- Limited to banks and users within Greece; not available globally.
- Only supports EUR currency, restricting international transactions.
- Requires both sender and recipient to have Greek bank accounts.
- Not suitable for payments outside supported institutions or cross-border payments.
- Interface and customer support primarily available in Greek.