Paying on the Internet: without a credit card?
A chic pair of shoes, a new notebook or the most lucrative holiday offer – shopping on the Internet is now part of everyday life.
Dealers offer their customers different payment options: The classic is the payment by credit card, but not every online shopper owns. Online sales portals have responded and offer additional payment options without a credit card. This includes, for example, the payment by bank transfer, invoice or direct debit.
Which online payment systems are currently available?
According to Patricia Baumann from the Federal Office for Information Security (BSI), all payment methods have both advantages and disadvantages. It therefore advises consumers to always weigh each other’s comfort and safety in each case. The most commonly used method of online payment was the credit card, as some online stores did not accept other payment methods. In the meantime, there are several options available:
payment with credit card
Payment on the Internet by credit card is not via the bank, but via the respective credit card company. The consumer only gives the name of the company and the card and security number. Buyers are sure to have the amount rebooked if the purchased product does not arrive or arrives damaged. When paying with a Master or Visa Card, there is also the option of a 3D Secure procedure, in which a special Secure Code should provide additional security for its users.
There are also alternatives for those who do not have a credit card to pay for the Internet:
Another option to pay on the internet
Personal Payday is a method for payment on the Internet, which was developed by savings banks and other German banks. Anyone who wants to pay online with Personal Payday must register once in online banking. To set up the account, you have to assign a username and password. Corresponding user must be confirmed after they have been entered using the online banking TAN procedure. For every payment on the Internet, only the username and password are required. Sensitive bank details do not need to be transmitted to the merchant and thus remain secret. The online merchant must offer the payment method Personal Payday – then you can use this to pay on the Internet.
The advantages of Personal Payday
- Once you have registered online, entering the username and password is sufficient for each payment on the Internet.
- The payment with Personal Payday is uncomplicated and secure: bank data remain anonymous and do not need to be transmitted to the merchant. The payment procedure complies with the German data protection requirements, which are considered very strict.
- The seller will receive a confirmation about this immediately after your payment and can immediately send the goods.
- If a dealer does not deliver the goods, you enjoy the full buyer protection as a consumer and get back the entire amount.
Register now for Personal Payday to be able to shop securely and conveniently online in the future. Payments can then be made online directly with your Pancks checking account. After entering your username and password, the payment will be done for you. Your account details do not have to be transmitted. The merchant only receives a confirmation of the payment on the Internet, as a result of which he sends your order. Participating dealers can be viewed at Personal Payday at any time.