This is Part 2 in our article on e-commerce in Germany In order to familiarize yourself with the online shopping market and risk factors in Germany, we strongly recommend that you read E-commerce In Germany Part 1- The Market and Risk Factors to get the full picture.
Online Payment Options In Germany
Before discussing payment options, it’s important to understand the mindset of the average German shopper and the cultural aspects of online payments. In Germany and in a number of other EU countries, many people are opposed to going into debt to purchase things. This even applies to larger purchases such as cars, vacations, and even houses. While Germans do have and use credit cards frequently, they do not like to use them for online shopping. 75% of Germans prefer other online payment options.
Unlike in other countries, credit cards are not the only or primary way Germans like to pay for their online orders. As a merchant, you’ll need to keep this in mind and offer different integrated p oman telegram data yment types. If you’re using a hosted e-commerce platform such as Shopify, they will dictate which payment types you can accept. If you have the option of integrating other payment types into your platfayment types.
We suggest you only work with
She top companies in each payment category to simplify your business. Keep in mind that technical integration through an API is only one aspect to consider. You’ll also want to simplify the back office operations for settlement transactions, deal terms, dispute processes, fund transfer timing, and customer show to get the most out of in-person events with your brand upport inquiries.
Top Payment Types in Germany
SEPA Credit Transfers, which is a standardized direct debit payment option for the EU, similar to ACH in US, is used in approximateltions. SEPA is the acronym for Sep bw lists arate European Payments Area and there are additional resources to learn more about SEPA below.
Logistics For E-commerce In Germany