German Study Notes DIRECTebanking’s Growth

GAUTING, Germany — The E-Payment Barometer, a study in payment methods in Germany carried out in December by the ibi Research Group at the University of Regensburg, has quantified the growing utilization of DIRECTebanking’s alternative payment methods.

According to the report, 31 percent of all traders who report up to 500,000 euros of annual turnover use DIRECTebanking.com. Of the larger traders who register more than 500,000 euros of annual turnover, 36 percent use the services of DIRECTebanking.com.

The company said that similar results were reported in the EuPD/PayPal study in October.

According to ibi, DIRECTebanking.com also can reckon with a strong growth rate in the future. Another 16 percent of the smaller traders and 17 percent of all larger traders plan to offer DIRECTebanking.com in the future, and it can be projected that these percentages will increase to 14 percent and 22 percent with the projected stronger growth rate.

“This outstanding result emphasizes the necessity of our alternative payment methods for any business plan,” said Sascha Winkler, executive director of strategy. “Our customers and partners work much more profitable by responding and adapting to regional needs and habits. For any international business, not offering sofortüberweisung.de would be like not accepting EUR currency.”

Payment Network AG said it would react to the demand within the first half of 2011 with its own product for purchasing on invoice, including payment guarantee and fast resource availability.

"We are enthusiastic about the development of Payment Network AG,” said Christoph Klein, Payment Network founder and CEO. “In only five years we have created an enterprise which has reached a leading position amongst direct transfer procedure suppliers with a team of about 70 employees, with over 15,000 partners, and more than 1 million transactions per month. The push in innovations and adjustment to the customer requirement for e-commerce has continued apace. I would like to take this opportunity to warmly thank my highly qualified employees as well as our long-standing partners.”

The Payment Network AG payment systems DIRECTebanking.com, Directabo.eu, DirectDebitPay.com and the online verification system Directident.eu all offer innovative products for the secure purchasing of goods and digital equipment on the Internet.

Related:  

Copyright © 2026 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Pearl Industry Network Launches 'TrustLink' Verification Platform for Creators

Trade group Pearl Industry Network (PiN) has launched TrustLink, its free verification platform for creators.

FSC Updates Complaint in Tennessee AV Case, AG Motions to Dismiss

The Free Speech Coalition this week filed an amended complaint in its lawsuit challenging the Protect Tennessee Minors Act as unconstitutional, in response to which the Tennessee attorney general motioned for dismissal of the case.

Cherie DeVille Joins Woodhull Freedom Foundation 'Free Speech' Panel

Multi-XMAs winner Cherie DeVille will join the upcoming Woodhull Freedom Foundation panel series "Fact Checked by Woodhull," addressing free speech on Feb. 26.

Wisconsin AV Bill Moves Ahead, Minus Anti-VPN Provisions

The Wisconsin state Senate on Wednesday advanced a bill that would require adult websites to verify the ages of users, but approved an amendment striking proposed language that would have required sites to block virtual private network traffic.

Pineapple Support Introduces 'Wellbeing by PS' Service

Pineapple Support has debuted its new Wellbeing by PS service, providing mental health support packages for companies and agencies.

MyMember.site Integrates Bluesky Functionality

MyMember.site has added Bluesky features to its website management platform.

GirlsDoPorn Defendants Ordered to Pay Victims $75.5 Million

A federal court has ordered former GirlsDoPorn owner Michael Pratt and his co-defendants in the GDP sex trafficking case to pay restitution totaling $75,568,283.47 to 106 victims.

SWR Data Publishes 'Clip Trend' Report

Adult industry market research firm SWR Data has published a report on clip platform performance and sales.

Another German Court Rejects Blocking Orders Against Pornhub, YouPorn

A German court has blocked the Rhineland-Palatinate Media Authority (MA RLP) from forcing telecom providers based within the court’s jurisdiction to cut off access to Aylo-owned adult sites Pornhub and YouPorn.

Ofcom Fines Kick Online Entertainment $1 Million for AV Noncompliance

U.K. media regulator Ofcom on Thursday fined Kick Online Entertainment 800,000 pounds (more than $1 million) for failing to implement age checks as required for compliance with the Online Safety Act.

Show More