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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    purchase on account

purchase on account

The payment method purchase on account is the most popular method of payment for online purchases in the DACH region. This involves sending the goods together with an invoice, which the buyer is required to settle with the merchant by a specified due date. Since the merchant advances credit for this payment method, it generally performs a credit check as a safeguard to avoid the possibility of a non-payment. This payment method is only offered to the relevant online shopper following a favorable credit and risk check. Payment against invoice or installment payments are also referred to an insecure payment method.

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