ELV/EFT, Electronic File Transfer briefly
The Electronic File Transfer (ELV) can be made using all ec/girocard cards.
By signing the payment receipt, the customer validates his situation in legal terms, and authorize the seller for once to collect the payment amount under that authority from his account. The transaction is an offline one, and does not have payment guarantee.
Electronic File Transfer in reality
- A very comfortable mode of payment for the customer
- High level of recognition and acceptance across the entire Federal Republic of Germany
- Low cost due to non-existent authorization