ONLINE BANKING PAYMENT PROCEDURES
With giropay, iDEAL, eps, and sofortüberweisung.de, Wirecard group offers online wire transfer methods that purchasers with an online banking-enabled bank account can use to make fast and simple online payments.
Benefits for online retailers:
- Tap into new target groups
- Quick payment receipt
- Highest security standards
giropay
giropay is an established payment procedure for online buyers with a German online bank account from any of the numerous participating giropay banks.
iDEAL
With iDEAL, Wirecard offers an online payment procedure that is currently the most popular distance selling payment method in the Netherlands.
eps online wire transfer
eps online wire transfer is the simple and secure payment method used by Austrian banks for online purchases.
sofortüberweisung.de
sofortüberweisung.de uses banks’ established online banking systems and currently acts as a data intermediary between retailers and consumers’ online banking systems in Germany, Austria, Switzerland, Belgium, and England.
GIROPAY
The online payment procedure giropay was developed within the German banking sector and has strong and trustworthy partners that guarantee the highest security standards such as Postbank, Sparkassen, Volksbanken Raiffeisenbanken, and other private banks. Giropay is specially tailored to e-commerce requirements and offers numerous benefits for both retailers and consumers. Following a successful log in to a personal online banking account, all relevant purchasing information is automatically loaded into the wire transfer form and the purchaser simply needs to confirm the payment by entering a TAN.
Benefits for retailers:
- No risk of fraud or declined payments
- Payment guarantee of up to €10,000 per wire transfer
- Quick payment receipt
- 80% of the 20 million online banking customers can use giropay
- Efficient risk management
- Tap into customer acquisition and revenue opportunities
Benefits for consumers:
- Highest security standards
- Saves time thanks to the relevant purchasing information being automatically loaded
- Prevents errors thanks to the relevant purchasing information being automatically loaded
- Goods received quickly as immediate shipping is possible
IDEAL
iDEAL is similar to the German giropay procedure and currently the most popular distance selling payment method in the Netherlands. iDEAL uses the established online banking systems of Dutch banks such as ABN AMRO, Fortis, Postbank, Rabobank, or SNS Bank. On selecting a bank, purchasers are forwarded from the online store directly to their online bank account with their bank. Following a successful log in, all relevant purchasing information is automatically loaded into the wire transfer form and the purchaser simply needs to confirm this by entering a TAN. The total value of transactions using iDEAL rose by 63% in 2009 to more than 45 million euros.
Benefits for retailers:
- No risk of fraud or declined payments
- Extremely low payment processing costs
- Efficient risk management
- Most widely used payment procedure in the Netherlands
- 12.5 million potential customers
- Excellent revenue opportunities available through customer acquisition
Benefits for consumers:
- Goods received quickly as immediate shipping is possible
- Highest security standards
- Saves time thanks to the relevant purchasing information being automatically loaded
- Prevents errors thanks to the relevant purchasing information being automatically loaded
- Simple purchasing and payment process
EPS
eps (electronic payment standard) is an online payment procedure for Austrian banking customers. Eps online wire transfer uses the established online banking systems of almost all Austrian banks and is one of the most popular e-commerce payment methods in Austria. On selecting a bank, purchasers are forwarded from the online store directly to their online bank account. Following a successful log in, all relevant purchasing information is automatically loaded into the wire transfer form. Purchasers then simply need to confirm this information by entering a TAN. Eighty percent of all retailers in Austria already use eps online wire transfer in their online stores.
Benefits for retailers:
- No risk of fraud or declined payments
- Efficient risk management
- One of the most popular e-commerce payment methods in Austria
- Real-time authorization message
- Excellent customer acquisition and revenue opportunities
Benefits for consumers:
- Simple purchasing and payment process
- Goods received quickly as immediate shipping is possible
- Highest security standards
- Saves time thanks to the relevant purchasing information being automatically loaded
- Prevents errors thanks to the relevant purchasing information being automatically loaded
DIRECTEBANKING
DIRECTebanking is Payment Network AG’s direct wire transfer procedure. It uses the established online banking systems of participating banks in Germany, Austria, Switzerland, Belgium, and England and acts as a data intermediary between retailers and consumers’ online banking systems. Purchasers are forwarded from the online store to the sofortüberweisung.de portal page where they log in with their personal access details (account number and PIN) for their main bank. Following a successful log in, all the relevant purchasing information is automatically loaded into the wire transfer form. Purchasers then simply need to confirm this information by entering a TAN. Over 11,000 online retailers process payments using sofortüberweisung.de.
Benefits for retailers:
- No risk of fraud or declined payments
- Fast payment receipt
- 160 store interfaces
- Efficient risk management
- 99% of German and 95% of Austrian banks are available
- Excellent customer acquisition and revenue opportunities
Benefits for consumers:
- Simple purchasing and payment process
- Goods received quickly as immediate shipping is possible
- Highest security standards
- Saves time thanks to the relevant purchasing information being automatically loaded
- Prevents errors thanks to the relevant purchasing information being
automatically loaded
