News Online payment system paydirekt:

News Online payment system paydirekt:

Strong competition and other problems  Thursday, 12.11.15 , written by Kathrin Staats Paydirekt has launched another online payment system in Germany. Other large providers such as Paypal, Amazon or Sofortüberweisung have long since established themselves as payment providers in online retailing. But paydirekt wants to convince millions of customers with more security in a short time. Can the payment system deliver what it promises? >

Die Einführung von paydirekt macht Online-Bezahlung noch sicherer

The new payment system paydirekt promises customers more security

In line with Christmas time, the highest turnover of the year, German banks have now introduced paydirekt, the payment service. After two years of preparation, since the beginning of November 2015, millions of bank customers from various banks such as HypoVereinsbank, Commerzbank, Targobank, Postbank and Ing-Diba can now pay easily and simply for online shopping with paydirekt . However, paydirekt still struggles with two problems: Only a few online retailers have integrated the payment service so far. In addition, there is an almost supernatural competition with Paypal.

Online trade: Almost every tenth euro is spent on the Internet

More and more customers are buying their goods online . According to a study by the Cologne Institute for Trade Research, about 9.4 percent of retail sales were made online last year, which corresponds to around 43 billion euRo . It is predicted that the online share of total retail sales will double in the coming years. Therefore, the participating German banks are “committed to a fast, easy and secure payment process in the fast- growing e-commerce market.”

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How does the new online payment system paydirekt work?

For many consumers, safety comes first when shopping online . In addition, uncomplicated numbers are just as important. This is precisely what the new payment method paydirekt now offers its customers. Because in contrast to the online payment provider Paypal, purchasing at paydirekt is not managed by third parties . Customers of the participating banks can pay for their purchased goods on the Internet directly from the current account . Participation in online banking is a prerequisite. Once the checking account has been linked to paydirekt, customers only need their password and password for the online shopping payment process. The input of the bank data when buying is so superfluous .

In contrast to the payment service Sofortüberweisung the payment also takes place directly via direct debit and not as a transfer. If the goods do not arrive at the buyer, he can cancel the payment . But not only buyers are protected, but merchants paydirekt offers a certain security . For example, if there is no money in the customer’s checking account, there will be no payment and therefore no shipping of the goods.

Does your bank offer paydirekt?

Whether your bank already participates in the new payment system, you can find out directly online at paydirekt. Use the banking search for this.

New online payment service paydirekt promises high data security

Paydirekt promises its customers more security, especially when dealing with personal data . Because in contrast to the American payment provider Paypal, the payment process at paydirekt takes place exclusively between the bank and the merchant. This dispenses with an intermediate provider in the payment processing. This protects customers from passing personal account information or shopping cart information to merchants when paying . Another aspect is that all servers run in Germany and paydirekt thus subject to the strict German data protection law and the German banking secrecy.

Critic: Paydirekt has no chance in the market

A big challenge for paydirekt is now, in addition to dealers, to acquire enough customers . The competition is strong: Paypal has more than eleven years experience in the field of digital payment and in Germany alone some 16 million active users. Another problem with the customer search for paydirekt is the activation of current accounts. For now, customers can only link one account to paydirekt . If consumers use two or more current accounts, they must opt ​​for an account. This is also disadvantageous for the banks. “Because only one bank earns money per customer for use”, says the Süddeutsche Zeitung.

Online retailer: Where can customers already pay?

What paydirekt payers on the dealers, is still unclear . At Paypal, merchants pay an average of 1.9 percent of revenue per transaction. In order for paydirekt to assert itself with more merchants, the payment service would have to demand significantly lower fees. So far, only four online retailers , such as the candy manufacturer Haribo or the online furniture store D-Living, are offering the new paydirekt service to German bank customers. Whether before the Christmas business, even more dealers want to test the new payment system, is questionable.

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What are the costs of care really?


Friday, 29.11.13, written by editor Anyone who has taken out a private long-term care insurance believes to be financially secure in the case of long-term care. But does that also apply to the spouse? Nursing expert Margit Winkler explains in a guest article on, which costs have to be considered during the care. >    Be prepared for the care and its costs

Care is one of the biggest risks of old age today. But politics has no plan what should happen when the largest population group, the so-called baby boomers of the years 1955 to 1970, become a nursing case. Who should look after all these men and women? All will have to tackle. Good for those who have made financial provision. Because we are only at the beginning of the disaster. The probability that at least one spouse becomes a care case is more than 80 percent.


Bei der Pflege können ungeahnte Kosten entstehen

Also family M. must experience this firsthand. At the same time, Herr M. had thought he was prepared for the emergency. He knows that older people today often have to be cared for for years and then money is running out quickly. He does not want to do this to his wife. They are married for the second time in twenty years. As a loyal husband, he has therefore concluded a private supplementary care insurance, which is to facilitate the hard time in the nursing home by additional payments.

But when he comes to the nursing home, the money is not enough despite provision. The home costs eat up the monthly payment of additional care insurance completely. His wife has only a typical women’s pension, which is not enough to finance the living expenses in addition to the running costs of home and car.

It should be clear to everyone: care situations always require additional resources. For care level II, the monthly costs for accommodation and care are around 3,000 euros. However, the subsidy from the statutory long-term care fund is only € 1,279. Since the pension is usually needed for double financial management and personal needs, a financial gap of around € 1,700 is created. Anyone who uses up his pension for lifestyle in healthy days can not count them for the care. As a rule of thumb, five years of care cost about 100,000 euros.

There are two ways to avoid additional worries for the partner:

  1. Married couples should deduct from the current care costs in their desired home the payment of the care fund. Then they receive the costs, which they have to provide additionally.
  2. Couples should consider dual household finances for the time that one partner lives in the home and the other at home. What expenses are incurred in everyday life, what do the hairdresser, toiletries, drug supplements cost? An exact list should be made about this. Once this has been done, it is possible to estimate exactly how much care needs to be taken.

margit winkler

Margit Winkler (born 1963), owner of the Generation Consulting Institute, is an expert in all matters relating to powers of attorney, injunctions, nursing and wills. The independent finance and marketing specialist, together with the Chamber of Industry and Commerce, trains state-recognized generations of consultants nationwide. With her book “Providing is not a question of age”, she has also presented a guide for people who do not want to leave their own future to chance.