Online Payment via Electronic Banking

iDEAL, GiroPay, FasterPay, DIRECTebanking, wire transfer... and more to come.

iDEAL is the Dutch standard for safe and direct payments on the Internet. A few years ago, many banks tried to develop their own online payment systems. The result was a proliferation of different payment methods operating beside one another. The internet shopkeeper was expected to implement all of these methods, thus being able to serve all customers. Since this is inefficient and delays the adaption of paying online among customers, it is in the interest of the banks to agree on one standard. In the Netherlands, iDEAL is an example of such a successful online payment method, jointly developed by Dutch banks and therefore responsible for 60% of online payments paid within the Netherlands.

ICEPAY closely monitors the (inter)national online payment arena and does its utmost to offer all national electronic banking services that have proven to be efficient and safe. As more countries agree on one standard, we will offer more electronic banking services.

Getting back to iDEAL, ICEPAY offers full-range iDEAL packages at very low costs, assuring you that the majority of the Dutch consumer market can be served.

GiroPay, for the German market, is similar to iDEAL

GiroPay, now offered by ICEPAY, allows customers to use their Internet banking facility to pay for online purchases. GiroPay is an Internet payment system based on the German savings banks’ and banks’ well-known online banking system. As such, it enables more than 20 million online savings banks customers to make instant payments. With GiWith GiroPay you're opening your business to two thirds of Germany’s online shoppers and allowing your customers to pay using their preferred method.

GiroPay is the future

One of the biggest advantages of GiroPay is its huge popularity among increasing numbers of online customers. The combination of using GiroPay and wire transfer means that you can cover about 90% of all home banking institutions, and this figure will continue to rise. There are already similar payment methods in the rest of Europe and they are becoming more and more popular. As a consequence of the Single European Payment Area (SEPA) vision, GiroPay could become the European standard for online banking payment procedures in the future.

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

FasterPay - The UK's no. 1 Internet Banking payment service

FasterPay is the first service of its kind in the UK that enables customers to make instant, safe payments via online banking.
With FasterPay there is no password or registration process involved. Each transaction takes place via a customer’s Internet banking portal. Paying online via the familiar surroundings of their existing Internet Banking environment gives the customer significant peace of mind. At no point does FasterPay share any personal or financial customer data with a 3rd party. Over 30 million people in the UK have access to online banking and over 70% use it at least once per week.

Attractive:
FasterPay is an attractive proposition to merchants and online stores of all sizes, operating within practically every business sector. FasterPay takes advantage of the “Faster Payment Service” devised by 13 UK banks and building societies, that allows 97% (!) of UK banking customers to send money instantly. Once a payment has been made, it cannot be recalled by a customer. This gives online merchants immunity to credit card fraud.

For more information about offering FasterPay in the UK contact us.

DIRECTebanking - Easy, secure and fast payment method in Switzerland, Austria, Germany and Belgium... and more locations to come

For European customers holding a bank account in Austria, Switzerland, Germany or Belgium, ICEPAY offers the DIRECTebanking payment option. Other countries that will be going live by the end of June are: the UK and France. Later: Norway, Sweden, Spain and Poland. The system works similarly to iDEAL: the customer pays directly using his online-banking data, the system then automatically orders a direct credit transfer from the customer’s bank and you (the online merchant) receive a secure payment confirmation within seconds.
DIRECTebanking works independently of banks and was founded by The Payment Network AG, a German privately held limited corporation that was founded in December 2005. The Payment Network AG plans to establish DIRECTebanking as a premium online payment system in Europe and all other major global markets within the next 18 months. It's a very popular payment method, especially in Germany. At this time, 24 million people in Germany can issue payments using their online-enabled bank accounts even though there are only 16 million credit card holders. Wallet solutions have, to date, 7 million registered customers. You can clearly reach more customers with DIRECTebanking than with conventional payment systems, achieving enduring success for your business.

Get paid safer, faster and cheaper

Via the secure Payment Network AG payment form, which is not accessible to vendors, DIRECTebanking activates an automatic remittance in real time from your online bank account. The purchase amount is then instantly transferred and deposited directly into the bank account of the vendor. Payment for the shopping basket takes place within seconds, directly from the online account of the buyer to the account of the vendor. In contrast to credit cards and e-Wallet solutions, no functional intermediary is needed. This direct path is faster, more secure and less expensive!

Please contact us for more information about DIRECTebanking if you're thinking about expanding your online business to all of Europe.

Click here for an overview of the costs and payment terms of online payments via electronic banking