Central clearing For your girocard transactions

Previously all transaction data was transmitted to PAYONE after the cash register cut-off. PAYONE then created a file that was sent to the merchant's bank. The bank collected the money from the customers and credited the merchant's account.

With Clearing Service PAYONE collects the money from customers via an escrow account and transfers the total amount in a single payment to the merchant's account. This eliminates the costs associated with bank postings and transaction processing.

Merchants reduce ongoing costs for girocard payments as PAYONE charges only a small transaction fee. Additionally no agreement with the merchant’s bank is required.

The transaction fee is only 4.5 cents per direct debit transaction in addition to the agreed transaction fee.

Girocard payments are transferred to the merchant's account daily, weekly or monthly based on the merchant’s preference.

Yes, Clearing Service is secure as PAYONE collects the funds via an escrow account and transfers the total amount in a single payment to the merchant's account.

No, Clearing Service is exclusively available for electronic cash payments (with PIN entry).