Empowering Latvia’s Entrepreneurs with Seamless Payments

About pats.lv

pats.lv is a Latvian platform supporting self-employed professionals, freelancers, and small SIA owners with accounting, invoicing, and business management. Thousands of entrepreneurs rely on pats.lv daily to simplify their operations through its user-friendly accounting system.

The Challenge

Many pats.lv users are at the early stages of their business journey. Managing invoices, chasing payments, and dealing with delays or additional fees often becomes a burden. They need a payment solution that is fast, reliable, and easy to use - without extra complexity.

The Solution

By integrating Noda’s Open Banking payments, pats.lv enables its clients to:

• Accept instant bank transfers directly from customers.
• Use simple payment links for smooth transactions.
• Automate the flow from invoice to payout within their accounting system without manual work.
• Avoid settlement delays and reduce costs compared to traditional methods.

Onboarding Experience

The onboarding flow is designed to match the pace of small business owners:

• Setup to first payment in as little as two minutes.
• No paperwork or calls - the process is fully remote.
• Clients can start receiving money the same day.
• Ongoing support is available to resolve any issues quickly.

In Summary

Together, pats.lv and Noda empower freelancers, self-employed professionals, and small companies in Latvia with modern, seamless payments. The partnership removes friction from everyday transactions, giving entrepreneurs more time to focus on growing their businesses.

Practical Guide: Getting Started with pats.lv and Noda”

If you are only planning to start your business or are already registered as a sole trader or SIA owner, just follow a few simple steps:

1. Choose the most suitable tax regime
2. Evaluate which option works best for you – the general tax regime.
3. If you are already registered as a sole trader or SIA, you can skip this step.
4. Register your business
5. For sole traders, this means registering with the State Revenue Service (VID), for SIA – with the Company Register.
6. If this is already done, move on.
7. Register in the pats.lv accounting system
8. Create your profile and add your details.
9. After that, you can immediately start using the system to issue invoices and prepare reports.
10. Add the Noda integration
11. Activate smart payments so clients can pay invoices with just one click.
12. Payments are received the same day, and the system automatically records them in the accounts.
13. Issue invoices and receive payments
14. Use pats.lv to create professional invoices.

Each payment goes directly into the system, is tracked, and included in accounting.

This approach allows small businesses and sole traders to immediately join the digital ecosystem – without unnecessary paperwork, with a clear process, and minimal administrative burden.