Top payment methods in Macedonia: A guide on best ways to pay
Wondering what the most popular ways to pay are in Macedonia? Explore the top payment options and choose wisely.
Macedonia, with a population of around 1.81 million people, has a GDP of approximately 17.89 billion making it the 135th largest economy in the world. The official currency of Macedonia is the Macedonian Denar (MKD)
The economy is driven by manufacturing, particularly automotive components and textiles produced in foreign-owned factories. It is a candidate for EU membership and its economy is highly integrated with the EU, especially Germany.
| Country | Macedonia |
|---|---|
| Population | 1.81 million |
| GDP (USD) | 17.89 billion |
| Global Ranking | 135th |
| Currency | Macedonian Denar (MKD) |
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What is the main payment method in Macedonia?
The most common payment method for everyday purchases in North Macedonia is physical cash, the Denar. In the capital, Skopje, and other major cities, credit and debit cards are widely accepted in formal retail settings. For paying bills and for larger, more formal transactions, bank transfers are the standard method.
How to pay in Macedonia
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Macedonia.
| Payment Method | Description | Type |
|---|---|---|
| Wise | Wise provides international money transfer services. It is known for offering transparent, low-cost currency exchange rates and fast transfers. Wise uses the mid-market exchange rate and charges a small, upfront fee, making it a cost-effective alternative to traditional banks for sending money abroad. The platform also offers multi-currency accounts, allowing users to hold and manage money in multiple currencies. | Online/In-person |
| Cash (Macedonian Denar) | Cash is the dominant and most trusted payment method for the majority of daily transactions. | In-person |
| Cards (Visa/Mastercard) | In cities, debit and credit cards are a common payment method and are widely accepted in formal retail stores, restaurants, and hotels. | Online/In-person |
| Bank Transfers | Bank transfers are a standard method for larger payments and for paying bills. | Online |
| Mobile Banking | Local banks offer mobile apps that allow customers to manage their accounts and make P2P transfers. | Online |
Is PayPal available in Macedonia?
Yes, PayPal is accepted in Macedonia.
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Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.