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Bank of Georgia iPay integration

Setup time (hours)
8
Pricing
Commission 2.0-2.5% local cards, 2.8-3.2% international. Setup free for BoG business account holders.

In depth

BoG iPay is Bank of Georgia's flagship online payment gateway, live since 2018, holding 60%+ of the Georgian e-commerce market today. It accepts Visa, Mastercard, American Express and Maestro cards from BoG holders and international visitors alike. A key plus — native installment button which surfaces 3, 6 or 12-month payment options at checkout with zero extra integration. Subscription (recurring) billing has been supported since 2023 — important for SaaS, gym memberships and online courses.

Integration architecture comes in two flavours: (1) Hosted Payment Page (HPP) — the user goes to BoG's secure page, enters card data, returns to your site — easiest, PCI-compliant by default, 4-6 hours setup; (2) Direct API + tokenization — card form appears on your UI, goes to BoG for tokenisation, then payment flow — requires PCI-DSS audit ($3,000-$10,000/year), 3-7 days setup. Craftwebstudio recommends HPP for 95% of cases.

Fraud protection — built-in 3D Secure 2.0 (Visa Secure, Mastercard Identity Check), risk scoring, automated chargeback handling. Stats (BoG Q4 2025): chargeback rate 0.18% (industry average 0.6%), fraud rate 0.04%. Settlement timeline — T+1 business day to GEL accounts (USD T+3). Reconciliation reports — daily CSV or real-time webhook.

Why choose this

  • The oldest and most-tested payment gateway in the Georgian market
  • Native installments (3/6/12 months) with no extra integration
  • Recurring billing for subscription businesses
  • Free setup for BoG business account holders
  • GEL settlement on T+1 business day

Use cases

  • Online shops targeting Georgian customers
  • Installment sales (3/6/12 months)
  • Recurring billing for SaaS and subscriptions

Setup steps

  1. 1Open a BoG business account (1-3 days)
  2. 2Activate iPay merchant account (online application, 2 days)
  3. 3Receive sandbox API credentials
  4. 4Set up webhook endpoint for charge.succeeded / charge.failed events
  5. 5Run test transactions in sandbox → production go-live

Frequently asked questions

How much does BoG iPay setup cost?▾

Setup is free for BoG business account holders. Commission is 2.0-2.5% for local cards and 2.8-3.2% for international cards.

Which cards does BoG iPay accept?▾

Visa, Mastercard, American Express, Maestro — from both Georgian and international banks.

When does settlement happen?▾

GEL transactions — T+1 business day. USD/EUR — T+3. Reconciliation reports come daily as CSV or in real time via webhook.

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