Payments Definitions Glossary

What is ELV?

More commonly know as Bankeinzug or Lastschrift, ELV is the main payment method in Germany. It works in a similar way to Direct Debit and has had a paper equivalent for decades.

NETBANX offers ELV as an additional payment option to its merchants

At NETBANX we know the German market and we know that not everyone wants to use their credit card online. That’s why we offer ELV and giropay as additional payment options, opening your business to two thirds of German online shoppers and allowing your customers to pay in their preferred way.

If you are thinking about expanding your business in Germany and would like to offer ELV contact us today.

More Payment Definitions

Asking yourself "what is PCI Compliance"? Find out about more payment terminology from our payments glossary, including what is: 1-Pay Direct | 3D Secure | Acquiring Banks | Address Verification System | Bureau Service Provider | Credit Card Payment Provider | Credit Card Processing | Credit Card Processor | Debit Card Processing | Deferred Billing | Dynamic Currency Conversion | Electronic Payments | ELV Payments | Giropay Payments | Internet Merchant Account | Merchant Account | Merchant Account Provider | Merchant ID | Online Credit Card Processing | Online Direct Debit | Online Merchant Account | Online Payment | Online Payments | Paperless Direct Debit | Payment Bureau | Payment Gateway | Payment Processing | Payment Processor | PCI Compliance | Shopping Cart

Copyright © NEOVIA Financial® Plc. All rights reserved. NETELLER (UK) Limited is authorised and regulated by the Financial Services Authority (FSA). The NEOVIA Financial®, NETBANX®, NETELLER® and Net+™ trademarks are the property of NEOVIA Financial Plc Net+ cards are issued by Conister Trust Limited, pursuant to a licence from MasterCard International Inc. MasterCard is a registered trademark of MasterCard International Inc. Companies accepting online payment and selling online can use the services of a Payment Gateway to accept credit cards, accept phone payments and other payment types. NETBANX is a Payment Processor offering an array of electronic payments options to merchants including online credit card processing facilitating credit card payment. Apart from Payment Processing NETBANX is also a Payment Bureau, Merchant Account Provider offering Merchant Services enabling new business start ups that do not have a Merchant Account to start accepting online payments without the need to set up an online merchant account at their bank. We also offer: credit card processing, debit card processing, other online payment processing services including internet banking, localised payment options such as giropay, ELV, prepaid cards, the e-wallet, online direct debit, Dynamic Currency Conversion, 3D Secure and leading edge technology and security for data protection and transaction security including PCI Compliance.