Issuer An issuer is the bank or credit card company that issues a credit card to a customer. In most cases, this is the customer’s bank. However, the customer often chooses another credit institution, for example, because it offers particularly good credit card conditions, while the house bank has better checking account or money call […]

Internet Payment Systems Choosing the right Internet payment systems can significantly improve the success of an online store. For a long time, classic payment solutions such as direct debit, payment on account or the use of credit cards led the way in online shopping, but a change is slowly taking place towards a stronger role […]

Internet payment system The Internet payment system is the interface between the online merchant and its customer. Whether a payment can be processed securely and quickly is often a decisive argument for buying from a particular online store. In this context, customers primarily want to use payment solutions that they already know and use, so […]

Debt Collection Whenever a debtor fails to meet a justified claim and the creditor commissions a third party to collect the debt, this is referred to as debt collection. There are two basic types of debt collection. Debt collection with sale of receivables The creditor can commission a debt collection by selling his claim to […]

Credit Note A credit memo is a favorable posting of a service to an account. The beneficiary can be a person or a company. A credit entry can be made, for example, by an incoming payment to a beneficiary’s current account. The corresponding amount is then credited to the account. A credit can also be […]

Basic fee – pay regularly for provision of payment forms on websites. Many service providers usually charge a consumption-independent basic fee for the provision of services. In the payment industry, too, many payment service providers charge their customers a fixed basic fee for the provision of several payment options, payable monthly or annually. The basic […]

Factoring Company Factoring companies take over existing receivables from their customers, which the latter have as a creditor towards third parties. Factoring is available in a variety of forms. The most common variants in the range of products offered by factoring institutions include, for example, due date factoring, real and unreal factoring or standard factoring. […]

Factoring Factoring, derived from the Latin term “factura” for invoice, refers to the sale of a company’s outstanding receivables to a so-called factor. Factoring is mainly used in small and medium-sized businesses and is applied to payments from commercial customers. Factoring is not commonly used for open payments from end consumers. The factor settles transferred […]

E-payment as a success factor in e-commerce / e-payment The term e-payment, also synonymous with online payment, is closely related to e-commerce. E-payment refers to payment processing electronically via the Internet and is generally used to pay for goods or services purchased on the Internet. There are a wide variety of payment methods and e-wallets […]

E-commerce stands for online trade or electronic trade / e-commerce The already strong and ever-widening use of the Internet and the associated shift of product searches and product comparisons to the Internet are acting as a motor for the steady growth of e-commerce. The term is derived from electronic commerce, synonymous with online commerce or […]

Discount definition: Payment provider fee. The disagio is a revenue-based fee that an operator of an online store or a paid website has to pay for using the services of a payment service provider. Anyone offering a good or service on the Internet must ensure that potential buyers can pay for the product offered. The […]

Webmaster Administration A webmaster administration is needed by the operators of so-called adult sites to manage the commissions for the webmasters. The numerous webmasters place advertisements of different site operators on their own Internet presence. If a user clicks on one of these advertisements, he usually ends up on an adult page. The webmaster, through […]