Bankeinzug (eOLV)
- the preferred method of payment in Germany. Bankeinzug (eOLV) is an abbreviation for Online Lastschrift Verfahren, and is the most widespread means of online payment in Germany.
eOLV is an account-to-account payment system accepted by all German banks This makes it possible to receive payments from the more than 50 million Germans who have their own bank account today.
Because eOLV is exclusive to German banks, your shop is required to have an account in a German bank to facilitate eOLV transactions.
DIBS cooperates with the German company EasyCash for handling eOLV transactions. Easycash is the leading processor of payment transactions in Germany, and handled 886 million physical and electronic transactions in 2007.
For customers at DIBS EasyCash acquirer agreements are free of charge.
The following are Easycashs and DIBS eOLV transaction handling fees:
- 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 begin_of_the_skype_highlighting 2500-5000 end_of_the_skype_highlighting 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@dibs.dk and request eOLV as a payment option. We will then make sure you receive an acquirer agreement to fill out.
New subscribers:
Indicate that you would like Bankeinzug (eOLV) support when you order your DIBS solution.