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Alternative Payment Solution: ELV

Alternative Payment Solution: ELV


Elektronisches Lastschriftverfahren (ELV) is an electronic direct debit system in Germany. Launched in the 1980s by group of merchants, it now accounts for 10.4% of the overall non-cash transaction volume in Germany.

In-store ELV payments are made using magnetic stripe debit cards which contains the necessary bank account and bank code details. The system allows retailers to initiate an automated direct debit transaction at the point of sale (POS) terminal. ELV can also be used as payment option for e-retailers. Payments are not authorized by issuing banks, and merchants have to bear the risk of defaults.

ELV payments are accepted by most banks in Germany as well as by number of payment service providers (PSPs) including WorldPay, Skrill, North Payments, Payzoff, Ingenico, Buckaroo, Payone, Adyen, eMerchantPay, and Netbank.


The report provides information and insights into alternative payment solution ELV, including:

  • Detailed insight into its business and geographical presence
  • Comprehensive coverage of its products and services
  • Benchmarking with key alternative payment competitors
  • Information on its performance, including its fees and charges
  • The company's key facts and milestones
  • This report provides a comprehensive overview of alternative payment solution ELV, including its operations, history and geographical presence.
  • It provides an overview of products and services offered, and explanations on how they work.
  • It provides details of its business performance.
Reasons To Buy
  • Gain insights into ELV's business operations, geographical presence and key events.
  • Gain insights into its product portfolio and business performance.
  • Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Key Highlights
  • ELV is one of the most popular retail payment instruments in Germany. In 2015, the system accounted for 10.4% of all non-cash transaction volume in Germany. More than one-third of online shoppers in Germany prefer to use ELV to make purchases. The traditional direct debit payment system was introduced in Germany in 1963 to simply the collection process of periodical payments.
  • Due to comparatively higher merchant service charges on card transactions, a group of German merchants came together in the 1980s to create ELV. The service uses a direct debit payment at POS with an automated clearing house (ACH), thereby eliminating the costs related to regular card transactions. Since payments by ELV are not guaranteed by customer’s bank, merchants can avoid paying service charges.
  • To adopt a new framework promoting standardization and defining interfaces, ELV-Forum was formed in 2009 with members including companies that offer ELV payments or are involved in the execution of ELV payments and those that provide other services, including network operators, manufacturers and associations.

  • Overview
  • Key Facts and Historic Milestones
  • Benchmarking
  • Performance Highlights
    • Table Direct Debit Transaction Volume (Million)
    • Table Direct Debit Transaction Value (US$ Billion)
  • Fees and Charges
  • Products and Services
  • ELV: In-store Payment Process

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