Bank Einzug (eOLV)
- the preferred payment type in Germany
Bank Einzug (eOLV) is an abbreviation for Online Lastschrift Verfahren, and is the most widespread Internet payment type in Germany.
eOLV is an account-to-account payment type, accepted by all the German banks, and makes it possible to recieve payments from the more than 50 million Germans, who has their own bank account today.
The eOLV payment type is supported by DIBS Premium. The condition to be able to receive eOLV payment transactions is, that your shop has to have an account in a German bank, since eOLV only covers transfers between German banks.
DIBS has chosen to corporate with the German EasyCash about the handling of eOLV transactions. Easycash is the leading processor of payment transactions in Germany and handled in 2004 approx 670 million transactions in the physical world and on the internet.
For customers at DIBS it is free to create an acquirer agreement with EasyCash. Besides this, the following are the priced from Easycashs and DIBS handling eOLV transactions:
- Subscription : 30 EUR/month
Transaction price :
- Up to 1000 transactions/month: 0,57 EUR/transaction
- 1000-2500 transactions/month: 0,56 EUR/transaction
- 2500-5000 transactions/month: 0,52 EUR/transaction
- 5000-10000 transactions/month: 0,50 EUR/transaction
Number of settlement days: 4-5 banking days
How do I get started with eOLV?
Existing customers:
Send an e-mail to support(at)dibs.dk saying that you wish to get eOLV set up as a payment type - then we'll send an acquirer agreement for you to fill out.
New subscribers:
State that you wish to be able to receive eOLV in your order of DIBS.
