Technical Terms

In the "Knowledge" section, we have compiled a glossary for you on the topics of risk and receivables management, e-commerce, payment and payment protection.

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    Payment guarantee

Payment guarantee

The payment guarantee is a form of bank guarantee. This protects the beneficiary of the guarantee against the financial risks of non-payment. In the event that a consumer does not meet his payment obligation, this guarantee shall apply. The guarantor is general banks or corresponding payment service providers.

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