Alternative Payment Solution: ELV

Elektronisches Lastschriftverfahren (ELV) is an electronic direct debit system in Germany. Launched in the 1980s by a group of merchants, it accounted for 7.0% of all non-cash transaction volume in Germany in 2017.

It is a popular payment solution in Germany for both in-store and online payments, and is an alternative payment option for customers who do not like using credit cards online to pay for products or services.

In-store ELV payments are made using debit cards that contain the necessary bank details. The system allows retailers to initiate an automated direct debit transaction at the point of sale (POS) terminal, and the amount is debited from the customer’s bank account.

ELV can also be used as a payment option by e-retailers. Payments are not authorized by issuing banks, and merchants have to bear the risk of defaults.

ELV payments are accepted by most banks in Germany, as well as by a number of payment service providers (PSPs), including Worldpay, Skrill, Elavon, Ingenico, Adyen, Six Payment Services, emerchantpay and Wirecard.

The report provides information and insights into alternative payment solution ELV including –

– Detailed insight into its business

– Comprehensive coverage of its products and services

– Comparative assessment with key alternative payment solutions

– Information on its performance, including its revenue model

– The company's important events and milestones.


– A group of German merchants came together in the 1980s to create ELV.

– In-store ELV payments can be carried out at POS terminals using debit cards, with the amount debited from the customer’s bank account.

– ELV is also used for online payments.

– Since ELV payments are not guaranteed by an issuing bank, merchants must bear the risk of defaults.

Reasons to buy

– Gain insights into ELV's business operations and key events.

– Gain insights into its product portfolio and revenue model.

– Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Companies mentioned







Six Payment Services




Table of Contents

Table of Contents


Key Facts & Historic Milestones


Performance Highlights

Products & Services

In-Store Payment Process



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