Hi, thanks - 'Lastschrift' was the word I was struggling for and couldn't remember. At eToys we were going to put Lastschrift onto the site, so people could just type in their account details, and we would charge the account. Very open to abuse.
-- Cheers, Bob Wednesday, March 10, 2004, 5:57:47 PM, Adelheid wrote: > The German Word for it is: "Bankeinzug" or "Lastschrifteinzugsverfahren" > which is a veeery long word <g>. > The idea behind it is to avoid the costs that credit card companies charge. > If I give somebody my account data and give him or her the written > permission to charge my account, this person has only to pay the bank for > imbursing, which is a reasonable amount compared to the huge margins you > have to pay when you use a credit card. And it works also between people who > don't have a contract with a credit card firm. > To make this system work, you have to have the possibility to refuse the > payment, if somebody got hold of your account data. The time limit is 6 > weeks. > HTH > Cheers > Adelheid
