“The payment types offered by an online shop are called payment methods. They have a sig-nificant influence on whether shoppers choose to buy from shops. Shoppers generally choose their preferred payment method. The more payment methods an online shop of-fers, the more likely shoppers are to use them. Getting the offer right can help increase sales.”
“Most customers in eCommerce choose payment methods they trust. Ordering on ac-count, in instalments or by direct debit are therefore the most popular. However, other im-portant payment methods include credit cards, online direct transfers or online payment solutions like PayPal.”
“Payment systems refer to are all processes in which shoppers enter the information needed to make a payment. It is possible to differentiate between mobile and Internet-based pay-ment systems here.”
“Credit cards are primarily aimed at the consumer credit business. Each card holder is typically as-signed a spending limit based on their credit rating. Purchases made throughout the month are then charged together in a single transaction, generally at the end of that month.”
“You can find an overview here.”
“The Checkout Security Regulation (KassenSichV) is a regulation issued by the German Ministry of Finance. It requires all compatible tills to be equipped with a technical security device (TSE). The legislation will be in force in Germany from September 30, 2020.”
“TSE comes from the German term "Technische Sicherheitseinrichtung" or "technical security device". This device is used to save all transactions at the POS to an internal memory, for which it generates a code.”
“"GoBD" is a German abbreviation, meaning "principles for properly maintaining, keeping and storing books, records and documents in electronic form and for data access”. It was published by the German Federal Ministry of Finance on November 14, 2014.”
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