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Payments · E-com

Payment processing in Cyprus: Stripe vs JCC vs Revolut

Payment processing in Cyprus: Stripe vs JCC vs Revolut

On Cyprus, there are three main ways to accept card payments: Stripe (international), JCC (local Cypriot), Revolut Business (multi-currency). Each has its strengths and weaknesses, let's consider which one to choose in what cases.

Stripe - international standard

  • Registration: 1-2 days, CY-legal entity required
  • Commission: 1.5% + €0.25 for EU cards, 2.5% + €0.25 for non-EU.
  • Support: 135+ currencies, 50+ payment methods, recurring
  • Native Apple Pay, Google Pay, Klarna, SEPA
  • Stripe Connect for marketplace models
  • Best for: international audience, SaaS, e-com

JCC - Cypriot underwriting

  • Local - Optimised for CY cards (Bank of Cyprus, Hellenic, Eurobank)
  • Commission: 1.2-1.8% for CY cards, 2.5%+ for non-EU
  • Registration: 5-10 working days via bank
  • Best suitability for the Cypriot audience
  • Best for: businesses with CY customers, retail, restaurants

Revolut Business — multi-currency

  • Low fee: 1% + £0.20 for UK/EU cards
  • Multi-currency without forex fees between EUR/GBP/USD
  • Registration: within 1-2 days online
  • Native support for SEPA, Apple/Google Pay
  • Limit: $300k-1M/year without additional checks
  • Best for: small business, B2B invoicing

When to choose each one.

  • Stripe - for international audience or SaaS product
  • JCC - if 70%+ of clients in Cyprus, retail business
  • Revolut Business - for small businesses with low volumes
  • Stripe + JCC — standard combo for serious e-com
  • PayPal - add if there is a UK/US audience
  • UKassa / CloudPayments - for RU audience via RF partner

Apple Pay + Google Pay setup

  • Stripe: domain verification → auto-include in Checkout
  • JCC: web-payments API via Stripe → Apple Pay method
  • Conversion uplift: +30-50% on mobile checkout
  • Domain verification file is placed in /.well-known/apple-developer-merchantid-domain-association
  • We test on real devices (Safari iOS, Chrome Android)

Recurring billing

  • Stripe Subscriptions — the standard for SaaS
  • Customer Portal - the customer manages their subscription themselves
  • Smart Retries — Stripe can retry failed payments
  • Dunning emails — automatic upon failure
  • Prorations - proportionally with upgrade/downgrade
  • EU VAT MOSS - Stripe Tax automatically

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