Online Store Invoice: most popular payment method among customers The Purchase on invoice is the most popular payment method of customers on the Internet. For buyers, this form of payment is considered very safe, because they usually receive the goods or services first. Upon receipt, they can examine the products, conveniently check the invoice and […]

Online Store In the online store, also called web store, goods, digital products or services are presented and offered for sale. In this form of mail-order business, sales are largely handled via the Internet, from product presentation to the ordering and purchasing process. The initial proliferation of online stores began primarily in the book trade; […]

Online Payment System In 2013, every second German made at least one purchase online. Shopping on the Internet is particularly popular in the run-up to Christmas. The sellers and online stores accept different payment systems: Prepayment by direct debit, payments on account, by credit card and cash on delivery are certainly familiar to most people […]

Payment by Invoice Shopping on bill is one of the most frequently used payment methods. The payment by invoice has been used for decades. In particular, the large mail order companies were and are unthinkable without this option. Today, mainly online stores and service providers use the payment by invoice, but also in retail this […]

What is a card issuer? The Issuer, also called Issuing Bank, is the bank that issues the cards (such as debit cards e.g. Maestro or Visa Electron and credit cards such as Visa and Mastercard). The cardholder first receives the credit card or debit card from the issuer, which can then be used to purchase […]

Cleared amount – no credit card payment without this value A store operator transfers the cleared amount to its payment service provider so that the provider can process the payment with the credit card company. This payment processing procedure is also known as clearing. Invoice amount corresponds to the cleared amount If a customer decides […]

Maturity Factoring Due date factoring is a service provided by factoring companies. These companies act as a factor towards their clients and customers. In the case of due date factoring, the client takes advantage of the complete protection against the risk of default. In addition, factoring service providers relieve the client of the burden of […]

Macropayment Macro payment is the opposite of micropayment and refers to the processing of payments that exceed a certain amount. Depending on the definition, the limit is five or ten euros. Some credit card companies set their own limits for macro payment. For example, Visa or Mastercard only allow payments of 30 euros or more […]

What is a credit card payment? / Credit card payment In cashless payment transactions, credit card payment is widespread and popular with customers in online and offline retail, in addition to payment by EC or giro card. If a customer / buyer wants to pay by credit card, he must request it from a card-issuing […]

Credit Card Processors Credit card processors are service providers that manage credit card transactions for an issuer bank. This includes a wide range of tasks from providing the technical basis to approvals and monitoring credit limits. Credit card processors are mandatory in cashless payment transactions with a credit card. However, some credit card companies still […]

What is a credit card acceptance agreement? Online stores that want to enable their customers to pay by credit card require a credit card acceptance agreement. This is comparable to a credit agreement. It is not concluded with the credit card issuing company, but with a credit card bank, so-called acquirer. This service provider handles […]

Credit Card More than one billion people worldwide use the benefits of a credit card. They pay at over 33 million points of acceptance and do their shopping without cash. In Europe, 16 percent of all payments are now settled by credit card. As the name suggests, the customer first receives credit from his banking […]