• Domestic and Preferred Card Schemes Of the 53.3 million personal credit cards in Germany, they are almost evenly split between MasterCard and Visa. MasterCard takes a marginally greater share at 51.9%.
• Alternative Payment Methods:
• PayPal – Being an eBay Inc. company, it was founded in 1998. It provides its clients the flexibility and choice to use their bank accounts, credit cards, etc. in a single account to pay a merchant, without the need to share confidential information with the merchant. • Giropay – An online payment method, which is supported by more than 1500 banks, and a client can use the service provided as long as an online checking account at a participating bank is available. • Sofortüberweisung.de – An easy and simple way to process online payments. Unlike other online transfer payment methods, there is no account registration. Credentials provided by the customer’s bank and a Transaction Authentication Number (TAN) are necessary to progress through the payment process. • Prepaid Voucher – It is an electronic stored value voucher, which could be redeemed through SMS and be transferred instantly in a user’s account for immediate use. • Prepaid Card – A payment card with monetary value stored into it, without maintaining an account with a bank. • Bank Transfer – The transfer of funds from one account to another within the same or interbank, as long as supported.