Payment Methods

SEPA Direct Debit

Functionality: With SEPA Direct Debit, outstanding amounts are simply debited to the customer's bank account. The customer enters IBAN, BIC and account holder in the checkout. Via the payment system, the direct debit is then submitted to and executed by the merchant's bank. Successful payments can be marked as completed and the new status transmitted to the merchants’ system.

Features: Mandate creation and management, refunds, recurring payments 

Add-ons: Incoming payment monitoring, risk check, collection, secured

Purchase On Account

Functionality: When purchasing on account, the goods are delivered prior the payment. The buyer can check the goods’ condition and pays the outstanding amount.

The financial risk lies with the merchant/supplier. This is why it is also referred to as a supplier/goods credit.

Purchasing on account is very popular with customers in Germany, but involves risks for the merchant. To minimize fraud and payment defaults, risk and creditworthiness checks can be carried out. Furthermore, liquidity can be increased through factoring.

features: B2B & B2C

Add-ons: Incoming payment monitoring, risk check, collection, secured / factoring / payout guarantee

Prepayment

Functionality: The customer pays the invoiced amount to the merchant in advance via bank transfer. Only after confirmed receipt of payment the goods are dispatched by the merchant. Since the financial risk lies with the customer, this is also referred to as a customer or buyer credit.

Paypal

Functionality: Using a PayPal account, the payer can initiate a payment by entering an email address and password, which is then booked to the merchant's PayPal account. During checkout, the buyer is directed to the PayPal website, enters the user data and confirms the transaction. A bank account/credit card of the buyer is deposited with PayPal.
PayPal is also popular as a payment method among buyers because of its comprehensive buyer protection. This allows the buyer to easily charge back funds, even without the consent of the merchant.

Sofort

Functionality: The customer can pay the outstanding amount quickly and easily via online bank transfer. To do so, the customer is redirected to the website of SOFORT, enters the account information in the interface and confirms the transfer via TAN.
The merchant immediately receives the payment confirmation and can deliver the ordered goods directly.
SOFORT is available in 9 European countries (Austria, Belgium, Germany, Italy, Netherlands, Poland, Switzerland, Spain, UK).

Giropay

Functionality: The customer can pay the outstanding amount quickly and easily via online bank transfer.To do so, the buyer is redirected to the giropay website, enters the account information in the interface and confirms the transfer via TAN.
The merchant immediately receives the payment confirmation and can deliver the ordered goods directly.
Giropay is available to account holders in Germany.

Features: Small amounts up to 30 EUR without TAN possible

Paydirekt

Functionality: The customer needs a customer account at one of the participating banks and an account at paydirekt. For payments, the payer is redirected to the paydirekt website and can log in with login data (username & password) and confirm the payment.
Paydirekt is an online payment procedure for German bank accounts and a service of the German banks and savings banks.

Features: Refunds

Barzahlen/viacash

Functionality: The customer can pay the outstanding amount in cash at cash registers of participating retail stores. For this purpose, a payment coupon is created after checkout in the online shop. This is scanned at the cash register when presented in the retail trade and can then be paid in cash.
Once the buyer has paid, the merchant is informed of the receipt of payment and can ship the ordered goods.