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What is ELV?

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.

Paysafe offers ELV as an additional payment option to its merchants

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.